The S&P 500 is now in what Wall Street calls a bull market, meaning the index is up 20% or more from its most recent low. Here are some answers to questions about bull and bear markets: WHY IS IT CALLED A BULL MARKET? Wall Street’s nickname for a booming stock market is a bull … Read more
(Bloomberg) — Short sellers at Carvana Co. just hit a grim milestone: more than $1 billion in losses this year. Bloomberg’s Most Read A hot streak for the struggling used-car dealership has only caused problems for bearish investors, with Carvana rallying 411% so far in 2023. $1.04 billion in market value losses for the year, … Read more
Dow Jones futures fell after hours, along with S&P 500 and Nasdaq futures. Revenue from DocuSign and a Tesla charging deal with General Motors (GM) were in focus overnight. X The stock market rally showed modest to solid gains Thursday on major indexes, with the Nasdaq rebounding somewhat from Wednesday’s downward reversal. Meanwhile, small caps … Read more
DocuSign shares climb with ongoing turnaround efforts
Text size DocuSign’s quarterly revenue increased 12% over the prior year. Courtesy of DocuSign DocuSign Shares are up sharply in after-hours trading on Thursday after the e-signature company reported better-than-expected results for the fiscal first quarter ended April 30 and raised its outlook for the fiscal year ended January 2024. For the April quarter, DocuSign … Read more
Text size A Cybertruck production report could be behind the stock’s gains on Thursday. Courtesy of Tesla You’re here the stock is again. Sometimes when the stock goes wild, finding a compelling explanation can be difficult. Thursday’s decision, however, seems rooted in the upcoming Cybertruck. However, not everyone agrees with this assessment. You’re here (ticker: … Read more
Carvana (CVNA) shorts are in a hurry. Shares of the online car retailer rose 56% on Thursday – the biggest one-day gain on record – after the company updated its outlook. The Tempe, Arizona-based company announced that it expects to achieve adjusted EBITDA in excess of $50 million in the second quarter of 2023. Earlier … Read more
Let’s try to “get back to work” without the stunts
Carvana (CVNA) short sellers are in a hurry. Shares of the online auto retailer soared as much as 50% on Thursday after the company updated its outlook following months of aggressive cost-cutting. The Tempe, Arizona-based company announced that it expects to achieve adjusted EBITDA in excess of $50 million in the second quarter of 2023. … Read more
