Month: January 2021

An employee works inside an Office Depot Inc. Susana Gonzalez | Bloomberg | Getty Images Company: ODP Corp. (ODP) ODP Corp. is a provider of business services, products and digital workplace technology solutions to small and medium businesses. The company has a fully integrated business-to-business distribution platform of approximately 1,300 stores and online presence. The
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In April of 2020, Luckin Coffee (OTCMKTS:LKNCY) admitted that its executives had been executing a fraud. Luckin stock had faded into the news amid similar allegations from short sellers. When the company confirmed the market’s worst fears, the stock dropped 75% in a single session, and then kept falling. Source: Ploy Makkason / Shutterstock.com Indeed,
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The Robinhood website home screen on a smartphone. Gabby Jones | Bloomberg | Getty Images Restrictions on Robinhood traders are still tight and getting tighter throughout the day on Friday, now only allowing GameStop holders to buy a single additional share. The stock trading app has also expanded its list of restricted stocks from 13
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Those who are bearish on BlackBerry (NYSE:BB) — including the many people who are short-selling the name — continue to vastly underestimate how much money the company can make. That’s because BlackBerry’s cybersecurity business is bolstering BB stock, with more upside on the horizon from connected vehicles and more. Basically, cybersecurity threats are becoming more
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FuelCell Energy (NASDAQ:FCEL), which is a top developer of hydrogen-fuel systems, has been one of Wall Street’s darlings lately. Since late October, FCEL stock has surged from $2 to $23. Its market capitalization is now $7.4 billion. Source: Kaca Skokanova/Shutterstock Of course, the overall fuel-cell sector has been on fire. Just look at other players
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Jan.29 — The Reddit-fueled rally in the likes of GameStop, BlackBerry and AMC prompted U.S. no-fee trading platform Robinhood to restrict the types of transactions retail investors could make in the names, prompting outrage. In Canada, Wealthsimple did no such thing, allowing investors to trade freely in those securities, helping drive the trading platform to
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Jan.29 — One of the most iconic brands in financial television returns for today’s issues and today’s world. This week’s Wall Street Week features David Westin’s interviews with Former Treasury Secretary Lawrence H. Summers, Bank of America CEO Brian Moynihan, Related Companies CEO Jeff Blau, Council of Economic Advisers Member Jared Bernstein, Goldman Sachs Wealth
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