If COVID has one thing in solidarity, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: that means we see tons of amateur investors in the market, skewing sentiment away from foundations. A large portion of that falls on …
Read More »Airline shares rise as travel demand increases, reaching new post-COVID-19 heights
Airline shares were broadly higher on Tuesday, stimulated by a continuing rebound in demand from travelers for fresh post-COVID-19 highs and notable analyst remarks that stimulate investor interest. The US Global Jets exchanged trade found JETS, + 1.03% rose 3% to a nearly two-month high in morning trading. The ETF …
Read More »Hertz sold $ 29 million in advance despite SEC inquiries
The money-leasing car rental company had said it would halt stock sales after the Securities and Exchange Commission raised questions about the deal. But apparently it sold some shares before the SEC took action. It has been an all-out deal. But late Monday, Hertz revealed for the first time that …
Read More »Yes, maybe you can retire one day
The COVID-19 pandemic has caused us to think about many parts of our daily existence, such as our health, jobs, where we live, our financial future, education, travel and the simple handshake. But according to data released Tuesday, many savers are still financially on the path to retirement. The combination …
Read More »Foot Locker flourishes as people encourage spending on sneakers
The sneaker chain previewed its second-quarter results Monday ahead of the official release, saying sales were much better than expected, adding that it actually reports a profit. Shares of Foot Locker (FL) got more 7% on the news. En Nike (NKE) shares were up 4%, helping the Dow gain nearly …
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