<a href="https://markets.businessinsider.com/stocks/nok-stock"></a><ul class="summary-list"><li><keyword id="6354716" type="DEFINITION" weightage="60" keywordseo="Nokia">Nokia</keyword> shares jumped as much as 15% on Thursday after a strong earnings report.</li><li>The Finnish telecommunications firm saw revenue of €5.08 billion and net profits of €373 million in the first quarter.</li><li>Revenue from Nokia's critical 5G network infrastructure business rose 28% in the quarter.</li></ul><a href="https://markets.businessinsider.com/stocks/nok-stock">Nokia</a> stock spiked as much as 15% on Thursday after growth in the company's 5G business helped drive a revenue and profit beat in the first quarter.Revenue climbed 3% to €5.08 billion in the quarter, topping analysts' expectations by €330 million.Net profit also came in €90 million ahead of analysts' expectations at €373 million.Diluted EPS moved to €0.05 in the quarter as well, compared to negative €0.02 in Q1 2020.Revenue from Nokia's all-important network infrastructure business rose 28% on a constant currency basis to €1.7 billion."We have delivered a robust start to the year with strong net sales, operating margin, and cash flow. Today's results demonstrate that we are on track to deliver on our three-phased plan to achieve sustainable, profitable growth and technology leadership as announced at our recent Capital <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">Markets</keyword> Day," Pekka Lundmark, Nokia's President and CEO, wrote in a <a href="https://www.nokia.com/system/files/2021-04/nokia_results_2021_q1.pdf">press release</a>."I was particularly pleased by strong sales growth across our Network Infrastructure business group driven by increasing demand for next-generation connectivity," Lundmark added.Some analysts had predicted Nokia might struggle due to the global semiconductor shortage, but Lundmark said he was "proud" of his company's ability to deliver to customers in spite of supply constraints.Nokia guided for €20.6 billion to €21.8 billion in net sales for 2021 with a 7%-10% operating margin.The strong earnings performance came just a day after an <a href="https://www.nokia.com/about-us/news/releases/2021/04/28/nokia-ranked-as-number-one-in-5g-patents/">independent study from PA Consulting</a> confirmed Nokia's leadership in 5G Standard Essential Patents.Nokia shares traded up 10.40% as of 3:13 p.m. ET on Thursday.<div type="image" title="Nok chart 3" height="667" width="830" msid="82317045" hostid="261"></div>

Nokia spikes 15% after growth in its 5G business helps drive earnings past analysts' estimates

<ul class="summary-list"><li><keyword id="6354716" type="DEFINITION" weightage="60" keywordseo="Nokia">Nokia</keyword> shares climbed 11% on Tuesday following an update from the meme-stock favorite. </li><li>The Finnish telecom equipment maker said it's likely to raise its financial outlook for 2021. </li><li>Nokia, whose stock hit its highest price since late January, may increase its view on metrics including net sales. </li></ul><a href="https://markets.businessinsider.com/stocks/nok-stock">Nokia</a> shares on Tuesday soared to their highest price in more than five months after the Finnish telecom equipment maker -- considered part of the so-called group of <keyword id="10688429" type="UNKNOWN" weightage="60" keywordseo="meme-stocks">meme stocks</keyword> -- told investors it may lift its financial outlook for the year.The company said its business has continued to strengthen during the second quarter, brightening prospects for the rest of 2021. Net sales are among the metrics that may be revised later this month.NYSE-listed Nokia climbed 11% to $5.99 and volume of nearly 69 million shares traded during the session was well ahead of average daily volume of about 38 million shares. The stock hit its highest price since January 27 when it reached $9.79 during a rally in meme stocks.Nokia has been swept up in the meme-stock trading phenomenon spearheaded by retail investors who have also embraced <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a> and <a href="https://markets.businessinsider.com/stocks/amc-stock">AMC Entertainment</a>. Traders active on Reddit's Wall Street Bets forum and other social media sites have been banding together to buy and hold onto stocks targeted by hedge funds betting on their decline.Nokia said it's making progress with its three-phased plan outlined in March to achieve sustainable and profitable growth. "Our first-half performance has shown evidence of this in good cost control and also benefited from strength in a number of our end <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>. We continue to expect some headwinds in the second half as we have previously highlighted but our performance in the first half provides a good foundation for the full year," said Pekka Lundmark, Nokia's president and CEO, in a statement.An updated outlook from Nokia would be part of the company's July 29 release of second-quarter and half-year financial results.In April, the company reiterated its view of net sales of €20.6 billion ($24.4 billion) to €21.8 billion and a comparable operating margin of 7%-10%. It had also backed its view of positive free cash flow and a rate of 10%-15% return on invested capital.

Nokia surges 11% as the meme stock favorite says it plans to raise guidance for 2021

<ul><li><a href="https://markets.businessinsider.com/stocks/bb-stock"></a><keyword id="6354356" type="UNKNOWN" weightage="60" keywordseo="Blackberry">BlackBerry</keyword> and Nokia gained as much as 7.4% and 7.2%, respectively, on Thursday as <keyword id="10656986" type="UNKNOWN" weightage="60" keywordseo="reddit-traders">Reddit traders</keyword> returned to their favorite stocks.</li><li>The day traders who lifted meme stocks in January returned to the market Wednesday afternoon and boosted GameStop shares.</li><li>The revival of strong retail-investor momentum also lifted AMC, Koss, and Express.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingestgest">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul><hr /><a href="https://markets.businessinsider.com/stocks/bb-stock">BlackBerry</a> and <a href="https://markets.businessinsider.com/stocks/nok-stock">Nokia</a> rallied on Thursday as the revival of Reddit-trader momentum lifted a handful of so-called meme stocks.BlackBerry rose as much as 7.4%, while Nokia gained 7.2% at intraday highs. Both stocks quickly pared gains through the morning, with BlackBerry turning slightly negative soon after the open.The nostalgic telecom names were among the several stocks to surge throughout January as day traders uniting in forums like r/wallstreetbets piled into highly shorted companies. The rally, best known for sending <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a> shares surging, died down in February as momentum shifted and retail investors rapidly exited their positions.The final minutes of Wednesday's trading session signaled the day-trader crowd is ready for round two. GameStop spiked 104% higher into the close as casual investors cheered the ouster of its chief financial officer, Jim Bell, <a href="https://www.businessinsider.com/sources-gamestop-cfo-pushed-out-by-board-2021-2?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">as part of a company overhaul</a>. The bullishness quickly spilled over into other Reddit favorites, including <a href="https://markets.businessinsider.com/stocks/amc-stock">AMC</a>, <a href="https://markets.businessinsider.com/stocks/koss-stock">Koss</a>, Nokia, and BlackBerry.Posts on Wall Street Bets and other online forums suggest the upswing has some staying power. A post predicting "the Mother of All Short Squeezes" for GameStop stock sat at the top of Reddit's "Popular" page at 8:30 a.m. ET, exposing the website's users to the latest phase of the Reddit-trader saga. Hugely popular posts likely contributed to the January meme-stock rally, and a revival of such online activity could fuel similar inflows.However, the day traders are no longer operating from the shadows. The GameStop surge drew scrutiny from Wall Street, regulators, and lawmakers, sparking new debate over protections for retail investors and their power in the market.The House Financial Services Committee <a href="https://www.businessinsider.com/keith-gill-congressional-hearing-reddit-trader-gamestop-stock-price-buy-2021-2">held a hearing on the phenomenon</a> last week that included testimony from Robinhood CEO Vlad Tenev, Citadel CEO Ken Griffin, and popular retail investor Keith Gill, among others. The Senate Banking Committee is expected to hold its own hearings in the near future.BlackBerry closed at $11.32 on Wednesday, up about 70% year-to-date.Nokia closed at $4.04, up 4% year-to-date.

BlackBerry and Nokia climb as Reddit favorites make a resurgence

<ul class="summary-list"><li><keyword id="6354716" type="DEFINITION" weightage="60" keywordseo="Nokia">Nokia</keyword> shares fell on Tuesday amid a broad sell-off of stocks traded heavily by <keyword id="334157" type="COMPANY" weightage="60" keywordseo="Reddit">Reddit</keyword>'s WallStreetBets forum.</li><li>The company will report <keyword id="6357061" type="SPONSORED" weightage="60" keywordseo="earnings">earnings</keyword> on Thursday and is expected to benefit from 5G cycle strength similar to its peer <keyword id="6356812" type="ORGANIZATION" weightage="60" keywordseo="ericsson">Ericsson</keyword>.</li><li>DNB <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">Markets</keyword> analyst Frank Maao upgraded Nokia to a "buy" and raised his price target to €4.80.</li></ul>Shares of Nokia tumbled as much as 10% on Tuesday as a broad Reddit-stock sell-off hurts results, offsetting a recent analyst upgrade.Finnish Telecommunications provider Nokia was one of a handful of stocks caught up in Reddit-fueled short-squeeze attempts over the past few weeks as traders targeted <a href="https://www.businessinsider.com/nokia-stock-jump-legacy-tech-brands-become-reddit-traders-playgrounds-2021-1">legacy tech names</a>.The <a href="https://www.businessinsider.com/reddit-day-traders-wallstreetbets-gamestop-gme-rally-upending-stock-market-2021-1?utm_source=markets&amp;utm_medium=ingestgest">day-trading frenzy</a> drove shares of <a href="https://markets.businessinsider.com/stocks/gme-stock?utm_source=markets&amp;utm_medium=ingestgest">GameStop</a> 400% higher last week and over 1600% higher in January before shares fell back to Earth in the last few days.Read More: <a href="https://www.businessinsider.com/stock-picks-to-buy-24-highest-conviction-buy-rated-stocks-2021-1?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener noreferrer">Jefferies says to buy these 24 stocks that represent its analysts' highest-conviction picks for 2021</a>Analysts were wary of the move higher in Nokia's share prices. DNB Markets analyst Frank Maao double downgraded Nokia to "sell" from "buy" with an unchanged price target of €4 after the stock became a Reddit favorite.Maao called the recent share price rally a "Reddit retail frenzy" and "bubble-like behavior" in a research note. Then on Monday, Maao upgraded Nokia back to "buy" and raised his price target to €4.80 after rival telecommunications company Ericsson produced standout results in its recent earnings release. The results illustrate 5G cycle strength in Northeast Asia, according to the analyst.Ericsson's total revenue rose 5% to 69.6 billion crowns in the quarter, beating estimates of 68.35 billion crowns. And even more impressively, the company's core networks business saw margins grow to 43.5% from 41.1% a year ago, on a 20% rise in sales.Read More: <a href="https://www.businessinsider.com/stocks-to-buy-silver-short-squeeze-stock-picks-rbc-2021-2?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener noreferrer">Buy these 4 stocks poised benefit from a spike in silver prices, says RBC Capital Markets - including 2 set to soar 73%</a>When Nokia reports earnings on Thursday, analysts expect to see similar tailwinds from 5G cycle strength in the company's core networks business.On Tuesday, Nokia also <a href="https://www.globenewswire.com/news-release/2021/02/02/2167767/0/en/Nokia-and-StarHub-partner-to-expedite-standalone-5G-services-for-Singapore-customers.html">announced</a> it will partner with the Singaporean telecommunications company StarHub to expedite standalone 5G services for customers in Singapore.The two companies have teamed up to deploy a new cloud-native 5G core network that will manage rapidly growing 5G standalone bandwidth demand.The move lends more credence to DNB Markets analyst Maao's predictions about 5G cycle strength."We are seeing strong demand for 5G phones and good take-up of our Mobile+ and Biz+ 5G capable plans launched last August - encouraging signs of the market's appetite for 5G services, which are going mainstream in terms of deployment and adoption this year." Chong Siew Loong, Chief Technology Officer of StarHub, said in a press release.Analysts are mostly bullish on Nokia's prospects going forward, citing 5G potential in the name. The company currently boasts 12 "buy" ratings, 15 "neutral" ratings, and just two "sell" ratings from analysts.Nokia traded at $4.52, down 7.67%, as of market close on Tuesday, giving the company a market cap of $25.47 billion.

Nokia tumbles 10% as broad Reddit-stock sell-off offsets analyst upgrade

<ul><li><keyword id="320652" type="COMPANY" weightage="60" keywordseo="AMC-Entertainment">AMC Entertainment</keyword>'s year-to-date rally of as much as 3,325% has catapulted the movie theater chain's market valuation to $30 billion.</li><li>These 10 well-known companies are now worth less than the movie theater chain.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest" target="_blank" rel="noopener noreferrer">Sign up here for our daily newsletter, 10 Things Before the Opening Bell.</a></li></ul><hr /><a href="https://markets.businessinsider.com/stocks/amc-stock">AMC Entertainment's</a> monster rally on Wednesday catapulted the movie theater chain to record highs, with its market valuation eclipsing $30 billion.The stock saw its year-to-date gains surge to as much as 3,325% at the high of the day on Wednesday, as a frenzy for Reddit favorite "meme" <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> was revitalized following the late January surge in heavily shorted stocks like <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a>. The stock is up about 500% over the past week.Shares of <keyword id="6358378" type="ORGANIZATION" weightage="60" keywordseo="amc">AMC</keyword> Entertainment surged more than 100% in Wednesday trades, even after hedge fund Mudrick Capital <a href="https://markets.businessinsider.com/news/stocks/amc-stock-mudrick-overvalued-offloads-entire-stake-at-profit-2021-6-1030484383?utm_source=markets&amp;utm_medium=ingestgest">quickly turned around and sold</a> its more than $231 million stake in the company it had bought on Tuesday. But <a href="https://markets.businessinsider.com/news/stocks/amc-stock-price-jumps-redditors-overpower-hedge-fund-share-sale-2021-6-1030487087">retail demand for shares overpowered the hedge fund sale,</a> and the company is now rewarding its investors with free popcorn this summer when they hit the theaters, as well as exclusive screenings.The surge in AMC Entertainment highlights its extreme volatility, and not all are convinced that the company can retain its current valuation. <a href="https://markets.businessinsider.com/news/stocks/amc-stock-price-worth-one-dollar-doesnt-reflect-fundamental-value-2021-6-1030483977">One analyst believes the company is only worth $1 per share.</a> The company is not profitable and has been ravaged by the COVID-19 pandemic, which led to closures of its theaters for months.And the overall outlook for the movie theater business is in a secular decline. <a href="https://markets.businessinsider.com/news/stocks/imax-cinemark-downgraded-sell-by-goldman-movie-theaters-attempt-comeback-2021-6-1030488504">Goldman Sachs outlined on Wednesday</a> that shortening theatrical windows and growing alternative distribution of new movies, like streaming, will make it hard for movie theater operators going forward.But for now, AMC Entertainment's $30 billion valuation makes it bigger than these 10 well-known companies.1. Best BuyTicker: <a href="https://markets.businessinsider.com/stocks/bby-stock">BBY</a> Market Cap: $29.2 billion<div type="image" title="Best Buy" height="1500" width="3000" msid="83188162" hostid="261"></div>2. Tyson FoodsTicker: <a href="https://markets.businessinsider.com/stocks/tsn-stock">TSN</a> Market Cap: $29.2 billion<div type="image" title="tyson foods meat plant" height="1249" width="2500" msid="83188167" hostid="261"></div>3. NokiaTicker: <a href="https://markets.businessinsider.com/stocks/nok-stock">NOK</a> Market Cap: $28.7 billion<div type="image" title="FILE PHOTO: Visitors gather outside the Nokia booth at the Mobile World Congress in Barcelona, Spain, February 26, 2019. REUTERS/Sergio Perez/File Photo" height="2162" width="4324" msid="83188171" hostid="261"></div>4. ViacomCBSTicker: <a href="https://markets.businessinsider.com/stocks/viac-stock">VIAC</a> Market Cap: $28.2 billion<div type="image" title="Paramount Plus" height="1215" width="2431" msid="83188179" hostid="261"></div>5. Zillow GroupTicker: <a href="https://markets.businessinsider.com/stocks/zg-stock">ZG</a> Market Cap: $28.0 billion<div type="image" title="Zillow" height="512" width="1024" msid="83188182" hostid="261"></div>6. OktaTicker: <a href="https://markets.businessinsider.com/stocks/okta-stock">OKTA</a> Market Cap: $27.3 billion<div type="image" title="Okta Bell" height="451" width="902" msid="83188185" hostid="261"></div>7. Hormel FoodsTicker: <a href="https://markets.businessinsider.com/stocks/hrl-stock">HRL</a> Market Cap: $26.1 billion<div type="image" title="hormel foods logo spam skippy" height="2373" width="4746" msid="83188191" hostid="261"></div>8. Sirius XM HoldingsTicker: <a href="https://markets.businessinsider.com/stocks/siri-stock">SIRI</a> Market Cap: $25.5 billion<div type="image" title="sirius xm" height="649" width="1300" msid="83188192" hostid="261"></div>9. Royal Caribbean Ticker: <a href="https://markets.businessinsider.com/stocks/rcl-stock">RCL</a> Market Cap: $24.9 billion<div type="image" title="Royal Caribbean" height="1000" width="2000" msid="83188193" hostid="261"></div>10. Dollar TreeTicker: <a href="https://markets.businessinsider.com/stocks/dltr-stock">DLTR</a> Market Cap: $23.8 billion<div type="image" title="dollar tree" height="999" width="1999" msid="83188194" hostid="261"></div>

AMC's epic 3,325% year-to-date rally now makes it bigger than these 10 well known companies

<ul><li>A controversial decision by brokerage firms to limit buying in certain high-flying <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> led to sizable intraday declines in so-called <keyword id="334157" type="COMPANY" weightage="60" keywordseo="Reddit">Reddit</keyword> darlings on Thursday.</li><li>Robinhood and Interactive Brokers took action to limit buying after an epic short-squeeze in <keyword id="363661" type="COMPANY" weightage="60" keywordseo="GameStop">GameStop</keyword> sparked by Reddit traders spilled over into a handful of other stocks.</li><li>Detailed below are the seven Reddit stocks that cratered on Thursday.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestrkets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener noreferrer">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>The epic short-squeeze in shares of <a href="https://markets.businessinsider.com/stocks/gme-stock">GameStop</a> - sparked by <a href="https://markets.businessinsider.com/news/stocks/reddit-day-traders-wallstreetbets-gamestop-gme-rally-upending-stock-market-2021-1-1030009280">traders that frequent Reddit's WallStreetBets</a> - led to an <a href="https://markets.businessinsider.com/news/stocks/highly-shorted-stocks-soaring-reddit-wallstreetbet-traders-wall-street-2021-1-1030011346">investor mania that spilled over</a> into other heavily shorted stocks this week.<a href="https://markets.businessinsider.com/stocks/amc-stock">AMC Entertainment</a>, <a href="https://markets.businessinsider.com/stocks/bb-stock">BlackBerry</a>, and <a href="https://markets.businessinsider.com/stocks/bbby-stock">Bed Bath &amp; Beyond</a> are just a few of the stocks that have more than doubled in recent trading sessions as retail investors attempt to squeeze hedge funds out of their short positions.But on Thursday, several <a href="https://markets.businessinsider.com/news/stocks/robinhood-removes-gamestop-amc-reddit-wallstreetbets-fueled-stock-rally-gme-2021-1-1030015292">brokerage firms announced that they would restrict</a> its customers from buying shares of the high-flying stocks, and would only allow clients who currently owned the stock to sell, citing the recent volatility.Robinhood, Interactive Brokers, and WeBull were among the brokers to make the announcement. Margin requirements were also increased at a number of other brokerage firms."We continuously monitor the <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> and make changes where necessary," Robinhood said in a <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility" target="_blank" rel="noopener">press release</a>.Following the announcement, the Reddit darling stocks that were in the midst of a short-squeeze cratered, with some falling more than 60% in intraday trades.Amid Thursday's decline, Twitter's <a href="https://twitter.com/WSBChairman/status/1354833189521522691">@WSBChairman tweeted</a> to his more than half a million followers, "HOLD THE LINE!!! WE WILL NOT BEND THE KNEE."Detailed below are the seven Reddit darling stocks that are cratering in Thursday's trading session.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-expected-outperform-earnings-2022-morgan-stanley-2021-1" target="_blank" rel="noopener">MORGAN STANLEY: Buy these 17 stocks with strong earnings that are expected to outperform into 2022 even if the broader market sinks</a>1. GameStopTicker: <a href="https://markets.businessinsider.com/stocks/gme-stock">GME</a> Thursday's Decline: 68%<div type="image" title="gmeecharrt.JPG" height="652" width="842" msid="80518108" hostid="261"></div>2. AMC EntertainmentTicker: <a href="https://markets.businessinsider.com/stocks/amc-stock">AMC</a> Thursday's Decline: 67%<div type="image" title="ammmc.JPG" height="652" width="838" msid="80518113" hostid="261"></div>3. BlackBerryTicker: <a href="https://markets.businessinsider.com/stocks/bb-stock">BB</a> Thursday's Decline: 47%<div type="image" title="bbbbbb.JPG" height="654" width="847" msid="80518117" hostid="261"></div>4. Express Inc.Ticker: <a href="https://markets.businessinsider.com/stocks/expr-stock">EXPR</a> Thursday's Decline: 64%<div type="image" title="exprrr.JPG" height="652" width="845" msid="80518121" hostid="261"></div>5. Bed Bath &amp; BeyondTicker: <a href="https://markets.businessinsider.com/stocks/bbby-stock">BBBY</a> Thursday's Decline: 43%<div type="image" title="bbbbyyy.JPG" height="644" width="841" msid="80518125" hostid="261"></div>6. Koss Inc.Ticker: <a href="https://markets.businessinsider.com/stocks/koss-stock">KOSS</a> Thursday Decline: 57%<div type="image" title="kossss.JPG" height="641" width="846" msid="80518128" hostid="261"></div>7. NokiaTicker: <a href="https://markets.businessinsider.com/stocks/nok-stock">NOK</a> Thursday Decline: 30%<div type="image" title="nokiaa.JPG" height="647" width="844" msid="80518132" hostid="261"></div>*Thursday's intra-day decline figures are based off of prices as of 1:04 p.m ET.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-sports-betting-picks-growth-industry-morgan-stanley-2021-1?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">MORGAN STANLEY: Buy these 9 sports-betting stocks ahead of the industry's expected legalization in 12 states this year and its growth to $10 billion in 2025</a>

These 7 Reddit stock darlings are cratering as brokerages restrict buying in hot names

<ul class="summary-list"><li>Global <keyword id="30335" type="ORGANIZATION" weightage="60" keywordseo="Shares">shares</keyword> and futures traded close to record highs on Wednesday.</li><li>Investors are eagerly awaiting May US payroll data after April's surprisingly weak read.</li><li><keyword id="6359072" type="UNKNOWN" weightage="60" keywordseo="oil">Oil</keyword> rose to two-year highs after OPEC+ confirmed it would continue its supply restriction policies.</li></ul>Global shares and futures traded close to record highs on Wednesday as investor attention shifted towards the release of US non-farm payroll data for May, which is due on Friday. Strong May PMI data across the US and Europe, which was widely adjusted upwards compared to the earlier flash release, further boosted <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>. <a href="https://markets.businessinsider.com/futures/dow-futures?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones futures</a> were last flat at 3:43 AM E.T., whilst <a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P futures</a> were down 0.06%. <a href="https://markets.businessinsider.com/index/nasdaq_100?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq futures</a> were trading 0.16% lower, suggesting the tech sector may get off to a slightly weaker start later on. All eyes are on Friday's release of non-farm payroll data for May after many investors were disappointed with April's data, which fell far below expectations. Many workers are still receiving unemployment payment and other benefits that will continue for a few months, meaning companies had fewer potential employees to choose from, according to Michael Hewson, chief market analyst at CMC Markets."Nonetheless this week's May payrolls report is still likely to see a decent increase in hiring with around 600,000 jobs set to be added, while the unemployment rate is expected to slip back to 5.9%, after unexpectedly rising to 6.1% in April, after a surprise rise in the participation rate to 61.7%," he said. US 10 year Treasury yield held steady around 1.614%. After OPEC+ decided at their meeting on Tuesday that they would maintain their supply policy and continue to restrict oil inflows into the market whilst slowly increasing supply, Brent crude futures reached two-year highs and briefly exceeded $71 in intra-day trading. On Wednesday morning, <a href="https://markets.businessinsider.com/commodities/oil-price">Brent</a> crude was last trading at $70.55 per barrel, up 0.43%. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">WTI</a> crude followed suit and rose by 0.35% to around at $67.96. "This is not only positive for currencies of oil exporters (NOK, CAD and MXN) but, given that the rising oil price and associated base effects have contributed heavily to the rise in headline CPI inflation so far this year, higher oil prices and the further spillover into CPIs point to even higher prospects for tighter monetary policies.", ING analysts said in a research note. European stocks rose on Wednesday. The German <a href="https://markets.businessinsider.com/index/dax">DAX</a> was last up 0.14% building on Tuesday's record-high close, whilst London's <a href="https://markets.businessinsider.com/index/ftse_100">FTSE 100</a> rose by 0.43% and the <a href="https://markets.businessinsider.com/index/euro_stoxx_50">Euro Stoxx 50</a> was trading 0.8% higher. Positive manufacturing and unemployment data from major European economies including Germany and France, as well as elsewhere around the eurozone lifted benchmark indices. Asian markets had a mixed day on Wednesday, with the Japanese <a href="https://markets.businessinsider.com/index/nikkei_225?utm_source=markets&amp;utm_medium=ingestgest">Nikkei 225</a> gaining 0.46% whilst Hong Kong's <a href="https://markets.businessinsider.com/index/hang_seng">Hang Seng</a> index fell by 0.74% and China's <a href="https://markets.businessinsider.com/index/shanghai_composite">Shanghai Composite</a> closed 0.76% lower.

Global shares trade around record highs as investors await US jobs data; oil hits two-year highs

<ul class="summary-list"><li>US stock futures pointed to a 1% rally at the start of trade on Wall Street, while the <keyword id="35208" type="ORGANIZATION" weightage="60" keywordseo="dollar">dollar</keyword> fell broadly, as investors pared back some of the positions established over the last week ahead of Tuesday's presidential <keyword id="6359191" type="UNKNOWN" weightage="60" keywordseo="election">election</keyword>.</li><li>In <keyword id="28249" type="COMPANY" weightage="60" keywordseo="europe">Europe</keyword>, basic resources stocks, oil and banks gained, despite another round of lockdown measures in Italy, where <keyword id="8763838" type="UNKNOWN" weightage="60" keywordseo="covid-19">COVID-19</keyword> infections are surging again.</li><li>Gold and silver edged higher, while the dollar fell against trade-sensitive <keyword id="97983" type="PERSON" weightage="60" keywordseo="currencies">currencies</keyword>, including the Australian dollar and the Mexican peso.</li></ul>US blue-chip indices looked set to rise on Tuesday, as stock futures rallied and the dollar eased, while American voters began to head to the polls to elect a president, following one of the most divisive campaigns in recent memory for the race for the White House.US futures on the <a href="https://markets.businessinsider.com/futures/dow-futures">Dow Jones</a>, <a href="https://markets.businessinsider.com/futures/s&amp;p-500-futuresures">S&amp;P 500</a> and the <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures">Nasdaq 100</a> rose between 0.9% and 1.3%, suggesting an extension of the gains posted on Monday, when the <a href="https://markets.businessinsider.com/index/dow_jones">Dow Jones</a> index rallied by around 400 points, its largest one-day gain in a month.Almost 100 million people have already voted. Polls show former Vice President Joe Biden is maintaining a comfortable lead over President Donald Trump overall, although that gap is narrower in some of the key battleground states."The Dow jumping 400 points yesterday shows the exact same nervy trading that sent it lower hundred of points last week. We don't read this as a 'confident in stocks' 400 points but more an 'too uncertain to keep selling' 400 points," London Capital Group strategist Jasper Lawler said "A 10-point Biden lead according to a poll from the NBC/Wall Street journal may have offered investors some more strength in their convictions."Read more: <a href="https://www.businessinsider.com/2020-election-results?r=US&amp;IR=TIR=T">2020 Election: See Insider's comprehensive guide to the presidential and top congressional races</a>European share indices rallied, despite yet another wave of mobility restrictions coming into force in Italy, where travel to and from the worst-affected areas and a series of nighttime curfews came into effect, and a <a href="https://www.insider.com/vienna-terror-attack-injuries-deaths-details-2020-11">terror attack</a> in the Austrian capital of Vienna that left two dead and at least a dozen injured.The <a href="https://markets.businessinsider.com/index/stoxx_europe_600">Stoxx 600</a> rose 1.2%, thanks to gains across more "cyclical sectors", such as basic resources, oil and gas and banking stocks, which tend to come under fire when investor risk aversion picks up.Milan's <a href="https://markets.businessinsider.com/index/ftse_mib">FTSE MIB</a> index shrugged off the tougher lockdown restrictions across the country, rising 1.7%, while the <a href="https://markets.businessinsider.com/index/ftse_100">FTSE 100</a> rose 1.6% and Frankfurt's <a href="https://markets.businessinsider.com/index/dax">DAX</a> rose 1.4%. In Asia overnight, the <a href="https://markets.businessinsider.com/index/shanghai_composite">Shanghai Composite</a> and the <a href="https://markets.businessinsider.com/index/nikkei_225">Nikkei</a> both closed 1.4% higher on the day."The focus will undoubtedly be the US election which takes place today. The first results are due to start coming in this evening, with volatility expected in anticipation of this historic event," analysts at broker IG said in a note.Yields on the 10-year US Treasury note were mostly unchanged, holding around 0.862%, while the dollar fell against most currencies, both developed-economy and emerging, reflecting the broader push into riskier assets on Tuesday.The <a href="https://markets.businessinsider.com/index/us-dollar-index">dollar index</a> fell 0.4%, under pressure from losses against the <a href="https://markets.businessinsider.com/currencies/eur-usd">euro</a>, the <a href="https://markets.businessinsider.com/currencies/gbp-usd">pound</a> and the <a href="https://markets.businessinsider.com/currencies/usd-chf">Swiss franc</a>. It is still close to its highest in a month, however. The dollar suffered its largest daily loss against the <a href="https://markets.businessinsider.com/currencies/aud-usd">Australian dollar,</a> which often serves as a proxy for Chinese trade. The Aussie dollar was up 0.6% on the day. Against the <a href="https://markets.businessinsider.com/currencies/usd-cnh">offshore Chinese yuan</a>, the dollar was roughly unchanged, while against the <a href="https://markets.businessinsider.com/currencies/usd-mxn">Mexican peso</a>, it lost 1.1%."Looking at the FX implications, we expect any early signs that the election is leaning in favour of Biden to put pressure on the dollar and see AUD and NOK as the potential biggest beneficiaries," ING strategist Francesco Pesole said.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> edged higher, lifted in part by the broad weakness in the dollar. The price was last up 0.1% around $1,894.20 an ounce, while <a href="https://markets.businessinsider.com/commodities/silver-price">silver</a> rose 0.7% to $24.20 an ounce. The oil price rose by nearly 2%, lifted in part by the weakness in the dollar, but also by investors paring back some of the bearish positions established in the past few days that have sent the value of a barrel of crude to its lowest since May. Oil has lost almost a fifth of its value since late August alone, as repeated outbreaks of COVID-19, most recently in Europe, have seen ever-tighter lockdown restrictions put into place. On Thursday, a national lockdown takes effect across England, home to around 55 million people, and international travel will be banned. <a href="https://www.aramco.com/-/media/publications/corporate-reports/saudi-aramco-q3-2020-interim-report-english.pdf">Saudi Aramco</a>, the Saudi state oil company and the world's largest producer, posted a 45% drop in profits in the third quarter of the year, although the company did maintain its dividend payments to shareholders. <a href="https://markets.businessinsider.com/commodities/oil-price">Brent crude futures </a>were last up 2.2% at $39.87 a barrel, while <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">US crude futures</a> rose 2.7% to $37.80 a barrel.Read more: <a href="https://www.businessinsider.com/election-investing-advice-assets-not-pricing-democratic-sweep-andrew-sheets-2020-11?r=US&amp;IR=TIR=T">Morgan Stanley's top cross-asset strategist says 3 assets are not pricing in a Democratic sweep — setting them up for big gains if that scenario unfolds</a>

US stock futures gain and the dollar slips, as millions of Americans head to vote in the presidential election

<ul class="summary-list"><li>Rep. <keyword id="965336" type="PERSON" weightage="60" keywordseo="Maxine-Waters">Maxine Waters</keyword> said she wants Keith Gill, a key Reddit user on <keyword id="9346197" type="UNKNOWN" weightage="60" keywordseo="wallstreetbets">WallStreetBets</keyword>, at a House hearing.</li><li>"And I want absolutely to have Robinhood. I even want to have <keyword id="363661" type="COMPANY" weightage="60" keywordseo="GameStop">GameStop</keyword> here," Waters told Cheddar.</li></ul>After scheduling a hearing into the GameStop trading fiasco, House Financial Services Committee Chairwoman Maxine Waters told Cheddar that she wanted Reddit trader Keith Gill, the Robinhood CEO, and a representative from GameStop to testify."I have [Keith Gill] on my list to be present…I want him here... And I want absolutely to have Robinhood. I even want to have GameStop here," Rep. Waters told Cheddar.<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—j.d. durkin (@jiveDurkey) <a href="https://twitter.com/mims/statuses/1357100100145852424?ref_src=twsrc%5Etfw">February 3, 2021</a></blockquote>Earlier in the day, Waters <a href="https://www.bloomberg.com/news/articles/2021-02-03/citadel-robinhood-on-waters-s-wish-list-for-gamestop-hearing-kkq1n8ws">confirmed to Bloomberg</a> that she is actively working on the invite list for the February 18 hearing."I have my wish list but it's not finalized yet. I'm trying to get everybody that, you know, has a role to play. I want Reddit there. I want Robinhood there. I even want GameStop there. And I want a couple of the hedge funds there," Rep. Waters told Bloomberg. "I'm looking at Citadel and Melvin Capital."<a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407096">Announcing the hearing</a> last week, Waters said that, "Addressing that predatory and manipulative conduct is the responsibility of lawmakers and securities regulators who are charged with protecting investors and ensuring that our capital markets are fair, orderly, and efficient."Keith Gill, who goes by "DeepF---ingValue" on <a href="https://www.wsj.com/articles/tiktok-and-discord-are-the-new-wall-street-trading-desks-11610361004?mod=searchresults_pos5&amp;page=1&amp;mod=article_inlinee_inline">Reddit's WallStreetBets forum</a> and Roaring Kitty on YouTube, is widely credited with leading the charge in bolstering the buying of GameStop stock alongside retail investors in the subreddit, leading the company's stock price to skyrocket 8,000% over the last six months. <a href="https://www.nytimes.com/2021/02/03/business/roaring-kitty-gamestop.html">According to The New York Times</a>, regulators may be looking at Gill for promoting GameStop stock while still employed and leaving former employer MassMutual.On January 28th, trading platform Robinhood pulled the rug from under retail investors, freezing trades on GameStop ($GME), AMC ($AMC), BlackBerry ($BB), Bed Bath &amp; Beyond ($BBBY), and Nokia ($NOK), all stocks that Reddit users were buying.Prior to the surges, major hedge funds had been <a href="https://markets.businessinsider.com/news/stocks/hedge-funds-torched-wall-street-bets-gamestop-short-squeeze-reddit-2021-1-1030016596">heavily shorting, or betting against</a>, those stocks.Robinhood called its freeze a "risk-management decision" due to "extraordinary circumstances." After the frenzy, Robinhood also <a href="https://www.businessinsider.com/robinhood-raised-1-billion-from-investors-handle-trading-surge-nyt-2021-1">announced</a> that it raised $1 billion from existing investors this week.

Rep. Maxine Waters says she wants Redditor Keith Gill, Robinhood, and GameStop at a congressional hearing

<ul><li>Some nations' strong fiscal positions and smooth reopenings are creating attractive opportunities to short the dollar, <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> said in a Sunday note.</li><li>The firm highlighted the <keyword id="214862" type="CITY" weightage="60" keywordseo="Norwegian">Norwegian</keyword> krone as the currency of choice for betting against the dollar.</li><li>The nation's healthcare system, demographics, and ability to shore up cash from foreign investments set it up for a swift rebound and strengthening currency, the bank's strategists said.</li><li>Goldman recommended shorting the USD/NOK pair at 8.75 krone per dollar, with a stop at 10.25 krone per dollar.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_campaign=bodyurl">Visit the Business Insider homepage for more stories</a>.</li></ul>Economic reopenings outside the US are lifting foreign <keyword id="97983" type="PERSON" weightage="60" keywordseo="currencies">currencies</keyword> and creating a strong opportunity for some bets against the dollar, <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> strategists said in a Sunday note.Cash assets served as an initial safe haven for investors as the coronavirus spread throughout the US in March and fueled new recession fears. With economic reopenings taking effect around the world and new stimulus measures further lifting sentiments, the firm highlighted the Norwegian krone as best suited for a bet against the dollar."We have maintained for some time that it was too early to look for outright and sustained dollar downside given the balance of cyclical risks," the team led by Zach Pandl wrote. Yet "the steady reopening process, limited evidence of a pickup in COVID infection rates" and new relief policy like the EU Recovery Fund make Norway appear "well-positioned to outperform through the coronavirus shock," they added.Read more: <a href="https://www.businessinsider.com/stock-market-crash-recession-to-hit-big-tech-albert-edwards-2020-5">'Embrace the coming crash': A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy's downturn</a>Short-selling involves borrowing an asset, selling it at market price, and buying it back at a lower price to profit the difference. Shorting the dollar can be done through a range of currency crosses.Norway's demographics and healthcare system helped it combat the pandemic better than many other countries, Goldman said. The country has also been able to avoid outsized borrowing or policy limits by taking in cash from foreign investments. The fiscal position sets it up for a minimal currency hit through the health crisis. Goldman recommended shorting the USD/NOK pair at 8.75 krone per dollar, with a stop at 10.25 krone per dollar.Norway's endurance through the economic downturn drastically differs from the US's position. The Treasury Department announced May 4 it <a href="https://www.businessinsider.com/treasury-department-borrow-trillions-2nd-quarter-cover-virus-stimulus-debt-2020-5">plans to borrow $3 trillion in the second quarter</a> to cover stimulus costs, more than double the total sum borrowed through the entirety of 2019.Experts also fear the US could face a second wave of coronavirus infections from premature reopenings. Immense borrowing and continued economic stress stand to drag further on the dollar's relative value.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/hedge-long-funds-exiting-financials-rushing-tech-stocks-may-bofa-2020-5-1029265462">BANK OF AMERICA: Funds are falling out of love with financial stocks at a blinding pace</a><a href="https://markets.businessinsider.com/news/stocks/corporate-bond-etfs-purchased-federal-reserve-credit-facility-economic-stimulus-2020-5-1029265409">The Fed unveils top corporate-bond ETFs targeted in its $1.3 billion stimulus spree</a><a href="https://www.businessinsider.com/stock-picks-to-buy-small-cap-tech-recommendations-companies-bofa-2020-5">BANK OF AMERICA: Buy these 13 under-the-radar tech stocks poised to outperform amid flaring China tensions and lasting pandemic damage</a><a href="https://markets.businessinsider.com/news/stocks/corporate-bond-etfs-purchased-federal-reserve-credit-facility-economic-stimulus-2020-5-1029265409"></a>Read the original article on <a href="https://www.businessinsider.com/dollar-goldman-sachs-shorting-coronavirus-reopening-norway-krone-currency-trade-2020-6">Business Insider</a>

Goldman Sachs starts shorting the dollar as economic reopenings boost foreign currencies

<ul class="summary-list"><li><keyword id="1268253" type="PERSON" weightage="60" keywordseo="Robinhood">Robinhood</keyword> users are furious after the app <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility">stopped</a> allowing users to buy <keyword id="363661" type="COMPANY" weightage="60" keywordseo="GameStop">GameStop</keyword> stock on Thursday morning.</li><li>The stock-trading app was flooded with one-star reviews on the Google Play store, which lowered its user rating.</li><li>Big names like Rep. <keyword id="7018494" type="UNKNOWN" weightage="60" keywordseo="Alexandria-Ocasio-Cortez">Alexandria Ocasio-Cortez</keyword>, <keyword id="219358" type="PERSON" weightage="60" keywordseo="Mark-Cuban">Mark Cuban</keyword>, and Dave Portnoy all publicly criticized the company.</li></ul>Robinhood users are coming for the trading app's head.The trading platform <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility">stopped</a> allowing users to buy GameStop stock on Thursday morning, allowing users to sell only, following weeks of huge gains - from <a href="https://www.businessinsider.com/explainer-what-is-going-on-with-gamestop-stock-2021-1">being below $5 in late 2020</a> to over $450 per share on Thursday morning.Users of the <keyword id="334157" type="COMPANY" weightage="60" keywordseo="Reddit">Reddit</keyword> forum r/wallstreetbets encouraged each other to bid up GameStop's stock price, thus causing a short squeeze on the hedge funds betting against GameStop's stock value. As a result, those short sellers <a href="https://markets.businessinsider.com/news/stocks/gamestop-stock-short-seller-squeeze-losses-reddit-traders-citron-gme-2021-1-1030000080">lost more than $1 billion in a single day</a>, while the company's stock value jumped by hundreds of dollars per share.On Thursday morning, Robinhood cut off users from trading GameStop stock (and a handful of other companies), citing "significant market volatility."That decision caused a massive outcry on social media."Robinhood has disabled trading in $AMC $GME $NOK etc, proving that the 'little guy' was never allowed to win in a 'free market,'" the popular newsletter writer Joe Pompliano said in a <a href="https://twitter.com/JoePompliano/status/1354784162021076992">tweet</a>. "What a joke."<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Joe Pompliano (@JoePompliano) <a href="https://twitter.com/mims/statuses/1354807415938535424?ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote><blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Drew Welker (@dwelkeroutdoors) <a href="https://twitter.com/mims/statuses/1354817342622949376?ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote><blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Mike McLean (@mikemcln) <a href="https://twitter.com/mims/statuses/1354805694730366978?ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote>The Robinhood app listing received an influx of one-star reviews on the Google Play store, causing the app to average the lowest rating. <div type="image" title="robinhood 1 star" height="754" width="1386" msid="80518202" hostid="261"></div>And members of <keyword id="10658052" type="UNKNOWN" weightage="60" keywordseo="wall-street-bets">Wall Street Bets</keyword> threatened to file a class-action lawsuit against Robinhood, alleging market manipulation."Allowing people to only sell is the definition of market manipulation," one post on Wall Street Bets said. "A class action must be started, Robinhood has made plenty of money off selling info about our trades to the hedge funds to be able to pay out a little for causing people to lose money now."Robinhood, founded in 2013 by the Stanford graduates Baiju Bhatt and Vladimir Tenev, allows users to trade stocks without commission."We're proud to have created a platform that has helped everyday people, from all backgrounds, shape their financial futures and invest for the long term," the firm said in a <a href="https://blog.robinhood.com/news/2021/1/28/keeping-customers-informed-through-market-volatility">blog post</a>.Instead of taking commissions on stock trades, the company <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Frobinhood.com%2Fus%2Fen%2Fsupport%2Farticles%2Fhow-robinhood-makes-money%2F">says it earns revenue</a> through a variety of other means, from financial services to a membership program, Robinhood Gold.Read more: <a href="https://www.businessinsider.com/hedge-funds-data-reddit-tracking-wallstreetbets-tickers-gamestop-short-yolo-2021-1?r=aa-sub">How hedge funds are tracking Reddit posts to protect their portfolios after the Wall Street Bets crowd helped tank Melvin Capital's short positions</a>Users aren't the only ones criticizing Robinhood publicly.The billionaire Mark Cuban questioned why Robinhood restricted trading, tweeting: "So are @robinhoodapp and @IBKR ending trading in #wallstreetbets stocks because they are losing their ass on these trades? Or maybe they don't have the cash to enable the trades at this scale? Anyone have any insight on their economics?"<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Mark Cuban (@mcuban) <a href="https://twitter.com/mims/statuses/1354798465994338304?ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote>Barstool Sports, along with the blog's founder, <a href="https://twitter.com/stoolpresidente/status/1354804123292459014">Dave Portnoy</a>, declared "war" on Robinhood."You are scam artists," Portnoy <a href="https://twitter.com/stoolpresidente/status/1354814026325188616">tweeted</a> in response to Robinhood's announcement on restricting trading. "You are crooks. You deserve to be behind bars and you know it."<blockquote class="twitter-tweet blockquote" data-lang="en" data-cards="" data-conversation="">—Barstool Sports (@barstoolsports) <a href="https://twitter.com/mims/statuses/1354805290714107906?ref_src=twsrc%5Etfw">January 28, 2021</a></blockquote>Rep. Alexandria Ocasio-Cortez <a href="https://twitter.com/AOC/status/1354830697459032066">said Robinhood's actions were "unacceptable"</a> and called for "a hearing if necessary" to determine why the company chose to "block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit."Sen. Ted Cruz seconded Ocasio-Cortez's tweet. "Fully agree," <a href="https://twitter.com/tedcruz/status/1354833603943931905">he said</a>.Pulte Capital CEO Bill Pulte, a philanthropist, weighed in as well."This is what you call rich people trying to confuse you with fancy words," <a href="https://twitter.com/pulte/status/1354820336349401088">he tweeted</a> in response to Robinhood's statement on why it was restricting stock trades of GameStop.Robinhood representatives didn't immediately respond to a request for comment.

Robinhood users are revolting against the trading app after it stopped trades of GameStop

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/59f1d2ca3e9d252b008b55ac-711/us-futures-fall-as-greece-uncertainty-continues-2015-7.jpg" alt="Traders work on the floor of the New York Stock Exchange in New York, United States, July 2, 2015. REUTERS/Brendan McDermid " data-mce-source="Thomson Reuters" data-mce-caption="Traders work on the floor of the New York Stock Exchange in New York" />Thomson ReutersTraders work on the floor of the New York Stock Exchange in New York</div></div></div>Dave Lutz, head of ETFs at JonesTrading, has an overview of today's markets.<ul><li><a href="http://markets.businessinsider.com/earnings-calendar">Today marks the busiest day of earnings season. Check our calendar to see which companies are reporting.</a></li><li><a href="http://markets.businessinsider.com/indices">The Spanish IBEX is climbing on hopes that Catalonia tensions are soon to ease.</a></li><li><a href="http://markets.businessinsider.com/commodities/aluminum-price">Aluminum is hitting 5-year highs.</a></li></ul>Here's Lutz:<blockquote>Good Morning, and welcome to the Busiest day of Earnings this season, with 67 S&amp;P500 companies printing. Markets are quiet right now as we await the ECB (7:45 Headers, 8:30 Presser. Extend and taper from €60bn/month to €30bn expected) - as well as a slew of Mega-Cap tech after the close. Bulls are in control early in Europe, where the DAX is up 40bp, but Eyes on the IBEX climbing 1% on Headers Puigdemont will call elections instead of announcing secession. Italian banks are a fan as well, pulling the EU fin Index up 1% despite Barclays and DB under pressure on #s. NOK getting smoked has Helsinki off 2% early tho. Miners climbing small, while Semis are liking the #s from STMicro. In Asia, Nikkei up 15bp as discretionary rallied - Hang Seng hit for 35bp as Tech was hit for 1% - Shanghai up 30bp - KOSPI weaker with KOSDAQ down 1.4% - Aussie up small, while Sensex is adding to yesterday's bank induced gainsAhead of House vote on Budget Later today, the US 10YY is off small as Bunds catch a small bid and Euro holding $1.18 into the ECB Call. The DXY is flat tho, as sterling retraces lower. Norway's Norges Bank and Sweden's Riksbank have no change, and South Africa's Rand still getting hit on angst about a ratings downgrade. Ore off small, Rebar hit for 1% in China has Copper off 30bp, but Zinc and Nickel are in the green, while Aluminum is hitting 5Y highs and Gold drifts around unch. WTI is up small, but Energy traders are watching Natty gas getting hit for 1% into Inventory data later today.</blockquote><h2><a href="http://www.businessinsider.com/stock-market-news-opening-bell-october-26-2017-2017-10">Read about the 10 things you need to know today...</a></h2>Get the latest Oil WTI price<a href="http://markets.businessinsider.com/commodities/oil-price?type=WTI"> here.</a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/richard-turnill-blackrock-cio-says-avoid-small-cap-stocks-2017-10">A $6 trillion investment chief reveals the one area of the stock market to avoid</a></h3> <div> <iframe class="bijwplayerclass" data-player="jwplayer" src="https://content.jwplatform.com/players/WPVLgKnd-xjRU7l6Z.html" width="100%" height="100%" frameborder="0" scrolling="auto" style="margin:0px;" allowfullscreen=""></iframe><script>function receiveMessage(event){ console.log(event.data.fullscreen); Android.fullscreen(event.data.fullscreen); }window.addEventListener("message", receiveMessage, false);</script> </div> </div>

You Searched For "nok stock price" and got 12 results

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Robinhood users are revolting against the trading app after it stopped trades of GameStop

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