Category: Stocks
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Should you buy Scottish Mortgage Stock as it Reaches New 12-Month High?
Scottish Mortgage Stock has reached a new 12-month high, driven by a surge in investor optimism fueled by recent developments. Scottish Mortgage stock (LON:SMT) soared to a 52-week high of GBX 884.61 ($11.18) during Wednesday trading, closing at GBX 884.40 ($11.18) with substantial volume. The stock surged 35% in 12 months and we are anticipating…
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Should You Invest In Reddit IPO Hype Or Wait For 2 Years?
The much-anticipated Reddit IPO showcased a remarkable debut on the New York Stock Exchange, with its share price soaring from an initial $34 to an impressive $59.80. This fervent response underscores investor enthusiasm for the social media platform’s potential. Investors face a critical decision regarding Reddit IPO: whether to dive in immediately or exercise patience.…
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Lululemon Shares Plunge 15% Today! Should you buy at a discount?
Lululemon shares witnessed a significant plunge of 15% following the release of its fourth-quarter earnings report. While the company managed to surpass earnings and revenue expectations, its guidance fell short, primarily due to stagnant growth in its North American market. Lululemon, the renowned athletic apparel retailer, reported earnings per share of $5.29, beating the anticipated…
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Can Super Micro Computer Make You a Millionaire in 2024?
Investors eyeing potential wealth generation may find Super Micro Computer stocks intriguing as its shares have surged nearly 300% in 2024, propelling some early investors into the millionaire territory. A $20,000 investment in this server manufacturer five years ago has ballooned to over $1 million today, showcasing its exceptional growth trajectory. Explosive Growth in the…
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Reddit Shares Soar 48% in NYSE Debut
Reddit shares made a remarkable entrance onto the New York Stock Exchange (NYSE) on Thursday after a highly anticipated initial public offering (IPO). The IPO marked the first major public offering for a social media company since Pinterest’s debut in 2019, capturing investor attention and driving a surge in trading activity. The 19-year-old platform priced…