FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC The influence of a few big stocks over the market is at its most extreme level in 20 years, but that’s not necessarily a reason to stay away from those shares, according to Goldman Sachs. Apple, Microsoft, Amazon, Alphabet and Facebook account for 18% of
Investing
Elon Musk, chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Investors betting against Tesla‘s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone. Tesla has more short sellers than
David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC Billionaire hedge fund manager David Tepper, who was bullish on the market just a few weeks ago, said the coronavirus outbreak has changed the environment around stocks. Tepper, in an interview with Jim Cramer for TheStreet, said investors should be cautious until more
A nurse holds up a one dose bottle and a prepared syringe of measles, mumps and rubella virus vaccine made by Merck at the Utah County Health Department on April 29, 2019 in Provo, Utah. George Frey | Getty Images The deadly coronavirus worsened quickly this month, roiling the financial markets as investors fled risk
Archer-Daniels-Midland Co. (ADM) signage displayed on the side of a grain storage bin at an ADM grain elevator in Niantic, Illinois. Daniel Acker | Bloomberg | Getty Images Oxford Industries This week Needham raised its rating on the stock to buy from hold. The company is best known as the maker of apparel brands like