Author: pluginever

Recently just got my first purchase of stocks through my companies ESPP program at 15% and unsure if I should hold or sell. In a week, my stock total already went down $100 or so, which has me wanting to completely sell and take the win. The video game company is scary right now with…

Chinese EV maker Zeekr's shares open 24% above IPO price https://www.reuters.com/business/autos-transportation/chinas-zeekr-set-debut-nyse-after-upsized-ipo-2024-05-10 ​ SUMMARY First major Chinese listing in the U.S. since 2021 Chinese EV makers looking to boost exports Shares of EV makers have been hit hard of late ​ Shares of Zeekr Intelligent Technology opened nearly 24% above their initial public offering price on…

Reading couple of subreddits, it feel like everyone is just starting. Probably because there are more questions from beginners rather than those who have been in the market for some time. However, still it will be interesting to learn from example of people who actually did succeed in investing. Even more interested to learn your…

The meme stock scheduled posts will now run weekly and post Saturday afternoon and won't be a sticky; you're probably seeing this because automod sent you here! Full list of meme stocks here. This will be updated every once in a while. Welcome traders who just can't help them selves discuss the same exact stock…

Taiwan Semiconductor Manufacturing Co. saw April sales jump 60% to NT$236 billion ($7.3 billion) as sustained artificial intelligence demand was helped by the beginnings of a recovery in consumer electronics. The world’s largest contract chipmaker is running well ahead of estimates for revenue growth in the current quarter, after sales increased by 34.3% in March,…

Data on Friday provided a further jolt in the wrong direction. Year-ahead inflation expectations in the University of Michigan's survey of consumer sentiment rose from 3.2% to 3.5% in May, the highest level since November, and longer term expectations ticked higher as well. While a month's reversal may not be significant, if it continues it…

https://www.reuters.com/technology/us-bill-restrict-wuxi-apptec-other-chinese-biotech-cos-revised-give-more-time-2024-05-10/ Going through Congress currently is Biosecure act, which is an act to ban US companies from doing business with Chinese biotech companies due to national security concerns. However, the issue is that many US pharmaceutical companies depend on their supply from Chinese biotech companies such as Eli Lily's weight loss drug Zepbound and diabetes…

https://www.simonsfoundation.org/2024/05/10/simons-foundation-co-founder-mathematician-and-investor-jim-simons-dies-at-86/ It is with great sadness that the Simons Foundation announces the death of its co-founder and chair emeritus, James Harris Simons, on May 10, 2024, at the age of 86, in New York City. Jim (as he preferred to be called) was an award-winning mathematician, a legend in quantitative investing, and an inspired and…

Last week Tesla's CEO fired nearly the entire 500-member Supercharger team. Tesla's partners are demanding answers, with competitors waiting in the wings. Leave it to Tesla CEO Elon Musk to add more chaos to a situation that he ostensibly created in the first place. In a tweet on X early Friday morning, Musk addressed concerns…

Jim Simons began as a mathematician and founded Renaissance Technologies who's Medallion fund compounded investors money at a mind blowing rate of nearly 40% per year net of fees between 1988-2018 with only a single down year. “$100 invested in Medallion at the start of 1988 would have grown to $398,723,873.” Simons was a true…