All posts by Todd Mitchell

As business travel falls, Airbnb sees opportunity in remote work travel

While business travel has been one casualty of the coronavirus pandemic, Airbnb plans to capitalize on the newfound work-life balance that emerged during the shift to remote work. Airbnb CEO Brian Chesky told CNBC’s Jim Cramer Thursday that the home rental company is seeing signs that consumers are leveraging the work-from-anywhere model that companies are adopting […]

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Etsy stock surges on earnings beat and strong guidance

Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth. The stock rose more than 8% in extended trading following the report. Here’s how the company did:Earnings: $1.08 per share vs. 59 cents per share expected, according to analysts surveyed by RefinitivRevenue: $617.4 million vs. $516 million expected, according to analysts surveyed […]

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Bears Return as Bond Yields Spike to One-Year Highs

The stock market suffered its biggest losses of the month on Thursday as another spike in bond yields prompted traders to dump riskier assets, especially overbought Tech stocks. Specifically, the 10-year Treasury yield surged to a peak north of 1.6%, and its highest level since last February.   The Russell 2000 finished at 2,200 (-3.7%) […]

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Extreme Option Profits Chart of Day…Livent Corp. (LTHM)

Keep an eye on lithium stocks, like Livent Corp. (LTHM). All thanks to lithium demand and the electric vehicle story.  By 2027, the electric vehicle market could grow from $121.8 billion to $236.6 billion, says BlueWeave Consulting.  In addition, by 2026, David Merriman, an expert on EV and battery materials at Roskill, as noted by […]

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Bulls Regain Momentum

The stock market rebounded off the opening losses and another pop Treasury yields to close higher on Wednesday after Federal Reserve Chairman Jerome Powell said the rise in the 10-year Treasury was a statement of confidence on the part of markets that the US will have a robust and ultimately complete recovery. He also reaffirmed […]

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AT&T nears deal with TPG to sell large minority stake in DirecTV, U-verse at $15 billion valuation

AT&T is nearing a deal to sell a substantial minority stake in its DirecTV, AT&T TV Now and U-Verse business to private equity firm TPG, according to people familiar with the matter. A deal could be announced as soon as this week, said the people, who asked not to be named because the discussions are private. The […]

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Nasdaq/ S&P 500 Hold 50-Day Moving Averages

The stock market opened with heavy losses to start Tuesday’s action as Wall Street awaited comments from Fed Chair Powell’s policy updates before the Senate Banking Committee. Powell reaffirmed the Fed will keep its current accommodative policy posturing for the time being, while keeping benchmark rates near zero.   The major indexes rebounded off the […]

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Blue-Chips Stay Strong, Tech Tumbles

The stock market was choppy on Monday following a lower open as worries over rising rates and expectations of higher inflation weighed on sentiment. Specifically, the yield on the benchmark 10-year Treasury note briefly trading above 1.39% to reach a fresh one-year high.   Tech underperformed while the blue-chips outperformed with volatility rising for the […]

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Extreme Option Profits Chart of Day…Marathon Patent Group (MARA)

Cryptocurrencies are still exploding. All thanks to retail and institutional interest.  Bitcoin is now up to $53,674.  Analysts including Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, as noted by CNBC, says Bitcoin could rally to $5,000 by the end of the decade.  From there, it could rally to $1 million per coin.  […]

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Clorox making 1.5 million canisters of wipes per day to meet Covid demand, CEO says

Clorox CEO Linda Rendle told CNBC on Friday that the company has kept increasing production of its disinfecting wipes to meet increased demand from the global Covid crisis now in its second year. “Last quarter, we made about 1 million canisters of wipes and were getting them to stores every single day,” Rendle said on “Closing […]

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