The Nasdaq Composite, in general, performed well in February, with the index rising nearly 5% in value. More Nasdaq-listed stocks reached 52-week highs than 52-week lows last month, but at least two stocks saw their floors collapse, losing one-fifth of their value during the shortest month of the year.Is now the time to buy the Nasdaq's two worst performers of February?
Open FlipKeep winners, ditch losers. That's usually not bad advice for investors. There's one big problem, though: Sometimes long-term winners temporarily look like losers.Even the biggest and the best companies can undergo periods when things just don't go their way. One especially comes to mind for me. Here's an S&P 500 dividend stock down 56% to buy and hold forever.
Open FlipEli Lilly (NYSE: LLY) stock is on a tear. Buoyed by an investor frenzy over GLP-1 weight-loss drugs -- Lilly's own Zepbound in particular -- shares of the Indianapolis-based drugmaker are up 148% over the last 52 weeks, and have been setting new all-time highs on an almost daily basis. Think they can't possibly go higher?Think again.
Open FlipSoundHound AI's (NASDAQ: SOUN) stock plunged 19% on March 1, after the speech and audio recognition software developer posted its fourth-quarter earnings report. Its revenue rose 80% year over year to $17.1 million but missed analysts' expectations by $0.6 million. It narrowed its net loss from $30.9 million to $18.0 million, or $0.07 per share, but it still missed the consensus forecast.
Open FlipMotley Fool contributors Jason Hall and Tyler Crowe break down why they think Green Brick Partners (NYSE: GRBK) and Meritage Homes (NYSE: MTH) are better stocks to buy right now than D.R. Horton (NYSE: DHI), in which Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) just sold its entire stake. Also discussed: NVR (NYSE: NVR) and Lennar (NYSE: LEN.B).
Open FlipJG Chemicals IPO opens for subscription tomorrow (Tuesday, March 5). In terms of both output and income, JG Chemicals is India's largest manufacturer of zinc oxide, according to the Red Herring Prospectus (RHP). This is due to the fact that JG Chemicals employs the French method, which is the most widely used manufacturing technology in the Americas, Europe, and Asia for the manufacture of zinc.
Open FlipSnowflake's (NYSE: SNOW) stock plunged 18% on Feb. 29 after the cloud-based data warehouse services provider followed up its strong earnings report with soft guidance and the abrupt resignation of its CEO, Frank Slootman. For the fourth quarter of fiscal 2024, which ended on Jan. 31, Snowflake's revenue rose 32% year over year to $775 million and exceeded analysts' estimates by $14 million.
Open FlipIt's hard to find a hot new consumer brand to invest in before it takes off to an eye-watering valuation. But Sphere Entertainment (NYSE: SPHR) might just be one of those names.The company has a strange mix of assets, including the MSG network, which televises the Rangers, Knicks, Giants, and other New York sports teams, along with ownership of The Sphere auditorium in Las Vegas.
Open FlipA look at the day ahead in U.S. and global markets from Mike Dolan Record tech-led U.S. and world stock indexes, a recoil in Treasury bond yields and the prospect of fresh Chinese stimulus make for a potent cocktail heading into this week's key testimony from Federal Reserve boss Jerome Powell. Japan's Nikkei notched another milestone overnight, topping 40,000 for the first time.
Open FlipSome investment managers are looking to change the currency their funds do business in to the dollar to prevent their foreign exchange transactions from failing when U.S. securities move to a shorter settlement cycle this spring, specialist currency managers said.The U.S. Securities and Exchange Commission adopted a rule change last year for securities.
Open FlipRealty major Macrotech Developers (formerly Lodha Developers) has embarked on a mega fund raise and launched a QIP to raise around $400 million, multiple industry sources in the know told Moneycontrol. "The deal has been launched and the proceeds will be used for acquisition of land and for debt repayment," said one of the persons cited above. A second person also confirmed the deal launch.
Open FlipThe rupee appreciated 2 paise to settle at 82.89 (provisional) against the US dollar on Monday, tracking a weak American currency overseas and positive equity market sentiment. However, volatile crude oil prices and foreign fund outflows weighed on the Indian currency, forex traders said. At the interbank foreign exchange market, the local unit opened at 82.86.
Open FlipTata Motors on Monday announced that it will demerge its business into two separate listed entities -- housing commercial vehicles and passenger vehicles businesses. At a board meeting of the auto major, the demerger proposal was approved. The commercial vehicles business and its related investments will be under one entity while the other one will have passenger vehicles businesses.
Open FlipThe shares of Tata Investment Corp were up 5% on Monday's trading session. Tata Investment stock closed at ₹8,428 per share on March 4, against previous close at ₹8,027 on March 1.In fact, Tata Investment shares rose as much as 18% in the last five trading sessions on NSE. The Tata Group's NBFC surged after Union Cabinet approved two semiconductor plant proposals by the Tata Group last week.
Open FlipExicom Tele-Systems, involved in the business of charging infrastructures, is expected to have a bumper debut on the bourses on March 5 as per trends indicated in the grey market premium (GMP). The counter commands a Rs 145 premium, higher by 102 percent to the issue price, suggesting the listing price to be around Rs 287. The expectations of a listing boom are aligned with the kind of response.
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