Morgan Stanley says market focusing on softening growth

Year-to-date macroeconomic data has shown signs of weakness, leading to softness in lower-quality and economically sensitive market segments, while a narrow selection of high-quality mega-cap stocks has driven performance. According to Morgan Stanley strategists, this suggests that the market “is becoming more focused on growth softening and less focused on inflation and rates.” “The underperformance […]

Nvidia’s split of soaring stock could boost retail investor appeal, Dow chances

Nvidia’s (NVDA.O), opens new tab plan to split its stock after the stunning rise in the chipmaker’s share price could lure more interest from retail investors while potentially paving the way for the company’s inclusion in the Dow Jones Industrial Average. Nvidia shares were soaring 10% on Thursday afternoon after the company announced a 10-for-one stock split […]

GameStop, AMC tumble as meme stock rally fizzles after just two days

The brick-and-mortar video game retailer declined nearly 19%, while the movie theater chain dropped 20%. Before Wednesday, GameStop and AMC were up 179% and 135% this week, respectively. The sell-off in AMC shares came after the company announced a debt-for-equity swap. AMC will issue 23.3 million shares in a debt-for-equity exchange for $163.9 million of […]