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1 min read

One hedge fund manager made $2 billion last year from a decade-old bet on Avis as the company briefly achieved meme-stock status and soared 456%

The bet on Avis by Karthik Sarma at SRS Investment helped to roughly triple the hedge fund manager'…

Carla Mozée   


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1 min read

Avis short-squeeze prompts double downgrade from JPMorgan even as fundamentals 'strongest they have ever been'

The bank said Tuesday's short-squeeze rally in Avis stock was too far too fast despite the company'…

Matthew Fox   


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1 min read

Avis soars 212% as investors pile in following Elon Musk's tweet casting doubt over Hertz deal, strong earnings, and a possible short-squeeze

With the car rental firm gaining more than $25 billion in market value on Tuesday, the shorts have …

Matthew Fox   


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1 min read

The massive gains for freshly-minted meme stock Avis are throwing off a 100-year-old indicator that's historically predicted big market moves

Avis has surged more than 600% this year thanks to retail-trader hype and a tweet from Tesla's Elon…

Natasha Dailey   


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2 mins read

Hertz skyrockets more than 100% after Jefferies suggests CarMax or AutoNation could 'swoop in'

"Our channel checks suggest that KMX and AN among others could be eyeing HTZ in bankruptcy," wrote …

Carmen Reinicke   


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2 mins read

MapmyIndia’s IPO opens today — GMP at ₹784

The initial public offering (IPO) of CE Info Systems — which operates MapmyIndia — will open for su…

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2 mins read

MapmyIndia’s ₹1040 crore IPO will open this week at a price band of ₹1,000-₹1,033

The initial public offering (IPO) of CE Info Systems — which operates MapmyIndia — will open for su…

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2 mins read

MapmyIndia will make its debut on the stock exchange today— GMP at ₹730

CE Info Systems — which operates MapmyIndia — will make its debut on the stock exchange today, Dece…

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2 mins read

Amateur day traders had a field day with Hertz. Now, Morgan Stanley says Avis stock could be next and skyrocket 65%.

Avis is primed to scoop up market share, the banks analyst said, and will benefit from travelers re…

Graham Rapier   


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2 mins read

Legendary investor Jeremy Grantham warns Tesla stock is in a bubble, rings the inflation alarm, and predicts an epic market crash

Grantham said that Elon Musk's company can't meet the expectations built into its stock price, espe…

Theron Mohamed   


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4 mins read

What is a mid-cap stock? It means a company worth $2 to $10 billion - and often an ideal balance between growth and income for investors

Mid-cap stocks have a market capitalization value between $2 and $10 billion. They tend to be stabl…

Ramsay Lewis   


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US stocks hit record highs as key Fed policy meeting gets underway

The FOMC meeting kicked off Tuesday, with many market observers expecting the Fed to announce it wi…

Isabelle Lee   


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2 mins read

Used car prices are finally cooling off, but it still won't be easy to buy one

The price of used vehicles barely budged last month. Even so, they're still at record highs, invent…

Dominick Reuter   


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2 mins read

Stocks jump as America awaits the midterm election results

CVS reported earnings, topping analyst expectations for the third quarter and announcing expectatio…

Gina Heeb   


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4 mins read

GOLDMAN SACHS: These are the 3 best stock-market strategies for investors looking to fight back against slowing profits

That's one reason he sees some opportunities among bond proxies, a group usually defined as real es…

Marley Jay   


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3 mins read

Whitney Tilson Says 3D Printing Stock Is Going To Plunge 90%

The stocks of such companies can actually be cheap - even with big market caps and P/S multiples. E…

Julia La Roche   


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5 mins read

Tesla's unique approach to sales is giving it headaches

Tesla's sales conundrum represents a common mistake tech companies make: pushing for innovation in …

Dan DeFrancesco   


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3 mins read

10 things before the opening bell

An update on the Tesla and Hertz mega-deal, looking ahead to the Fed decision, and advice from a le…

Phil Rosen   


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1 min read

Jim Simons and Ken Griffin are among the top 10 highest-earning hedge-fund managers according to Institutional Investor

The world's top 10 hedge-fund managers made a whopping $19 billion in total last year, according to…

Natasha Dailey   


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3 mins read

'Selling Sunset' broker Jason Oppenheim says 'Compass basically destroyed the brokerage model for the entire industry'

Oppenheim called the amount Compass brokers get to keep from commissions "unsustainable," but Compa…

Dan Latu