Last Thursday, GoPro stock jumped 11.49% in a single session on rumors that Apple may buy the beleaguered tech darling, leading millions of investors to wonder if they should jump on the bandwagon, too.
Millions of investors believe they need to invest in retail stocks because they’re a mirror for the consumer-driven economy we live in. Thatusedto be true, but no more.
One sector has completely derailed the premise.
Wal-Mart stock lost $18 billion in value this Wednesday after management revealed the company may take up to a 12% earnings hit in 2017.
But the real story here has nothing to do with Wal-Mart itself.
Why GoPro Stock Is Another Wall Street Darling to Short
GoPro Inc. (Nasdaq: GPRO) continues to defy the odds thanks to a litany of headlines and experts who just “know” the stock is going to rebound.
The EU refugee crisis is considerably more dangerous than a potential Fed rate hike and much more worrisome than China’s economic train wreck. This is a truly global situation, the seriousness of which is unparalleled in modern times.
ETFs area just another way for Wall Street to separate investors from their money…
Conventional wisdom at the moment says that China’s coming unglued and that the country’s stock markets pose a grave danger to global investors. It’s communist, it’s a Ponzi scheme, it’s ruled by insiders, it’s leveraged up to its eyeballs, ghost cities… all the usual tired old arguments are being rolled out as if they’re somehow new again.
On the heels of last Monday’s vicious 1,000+ point “dip” and then Wednesday’s subsequent 619-point “rip ” higher, many investors are asking one question – will the stock market rally stick?
According to The Economist, the top 10 highest-valued private equity companies are valued at $156 billion despite having revenue of only $4 billion.
There are a lot of jangled nerves out there, and China is being pilloried for its actions.
