Spirit Airlines is Up 26% on 4th Quarter Forecast, But There Are Still 2 Issues With This Stock
It’s been a tumultuous week for Spirit Airlines (SAVE) and its investors, as the stock plummeted more than 60% after a judge blocked a deal for the budget airliner to be acquired by competitor JetBlue Airways. It’s been rumored that the company could be headed toward bankruptcy. But, SAVE is turning things around to end the week on a [...]
If You Haven’t Already Cut Losses on Lucid (LCID), It’s Time to Pull the Plug: Here are 3 Reasons Why
Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to Tesla, but looking into production [...]
Fed Waller’s Comments Contribute to the Market’s Dip
Despite the positive reports from Morgan Stanley and Goldman Sachs, Tuesday was a damp day following Fed Christopher Waller’s comments to approach rate cuts slowly. Rate cuts are always good news, but his speech was not what hopeful investors wanted to hear. After anticipating six cuts in 2024 starting in March, the speech contradicted investors' optimistic sentiment by suggesting [...]
Albemarle Responds to Plummeting Lithium Prices With Dramatic Cuts: Will it Be Enough to Save ALB?
Albemarle (ALB) dropped more than 3% to start Wednesday’s trading session after announcing its efforts to cut costs in response to plummeting lithium prices. Shares have since recovered and are now down just over 1%. The American chemicals manufacturing company is on a mission to lower its costs by nearly $100 million annually, and it’s looking to achieve half [...]
What is Range Trading Strategy? The Best Strategies for Trading Ranges
Range trading strategy is often overshadowed by its more flamboyant counterparts like day trading or swing trading, but it’s a lucrative, thrilling approach to investing in its own right. What is range trading strategy, though? It's not about chasing the latest market craze or jumping on a bullish trend; it's about identifying stocks playing a rhythmic dance between set price [...]
Morgan Stanley is Falling After a Favorable Earnings Day, But the Stock is Still a BUY: 3 Reasons Why
Morgan Stanley (MS) reported its fiscal 4th quarter earnings today before the market opened, and despite beating revenue forecasts, the stock is down more than 3% Tuesday morning. Revenue of $12.9 billion was a 1.2% improvement year over year, beating the FactSet consensus of $11.93 billion handsomely. Key segments in this performance were investment banking revenue (up 5%) and [...]
