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An anonymous investor on Reddit claimed he turned $100,000 into $2.2 million, and says he’s now betting big on a cruise line
Sharing his trading tale of profit on Reddit, the investor posted a screenshot showing sizeable gains made over the past four years.
While the bottom in the S&P 500 may already be in, "that doesn't mean you can't fall significantly from these levels," Tepper said.
BlackRock updated its estimated change in five-year price returns for various asset classes following the coronavirus-induced market sell-off.
UBS says stocks could rally 11% by the end of 2020, and lays out the areas of the market it’s tipping for success
UBS also added that recent monetary and fiscal efforts to prevent companies from going bankrupt means that an economic recovery is more likely.
Shares of Zoom jumped 11% after the company announced that it surpassed 300 million daily users, an increase of 100 million users in just three weeks.
Goldman Sachs says Amazon’s stock will surge 20% from current levels, making it the new biggest bull on Wall Street
Goldman Sachs says Amazon is leading the movement of retail online, which is "being accelerated by the current crisis."
Victoria’s Secret parent L Brands plummets 27% after Sycamore tries to back out of acquiring majority stake
Sycamore argues that L Brands' "voluntary actions" amid the pandemic caused "severe damage" to the Victoria's Secret brand that cannot be repaired.
Global stocks are surging after pharmaceutical giant Gilead said it’s making progress on a drug to treat coronavirus
US futures rose with the S&P 500 and the Dow Jones Industrial Average pointing to a 3% increase. The price of WTI fell to a new 18-month low
Goldman Sachs’ top equity strategist worries markets have rallied ‘too far too fast,’ and is predicting a fresh plunge
Peter Oppenheimer expects the economy to recover in the second half of 2020. This will increase investor appetite for riskier assets.
A Goldman Sachs survey of big-money investors found that half think the stock market has further to fall
Of the 1,800 institutional investors surveyed by Goldman, roughly 75% still think the S&P 500 is in a bear market.