New Strong Sell Stocks for May 6th

Reuters
Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit
MOSCOW (Reuters) -A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the construction of a gas processing plant in Russia with Germany's Linde, which was terminated due to Western sanctions. The St Petersburg arbitration court has barred Deutsche Bank from exercising its 100% interest in the authorised capital of its Russian subsidiary, as well as Deutsche Bank Technology Center LLC.
Insider Monkey
Jim Cramer’s Latest Stock Picks in May 2024
Jim Cramer on Friday analyzed the market rally following the latest CPI data which showed inflation was easing in April. Cramer said bears are clearly fighting an “uphill” battle and unless they could get any clear sign that inflation is heating up, he expects the rally to continue. Cramer Thinks The Market is “Outrageously Bullish” […]
Reuters
Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says
Hedge funds ditched bearish stock bets early this week at some of the highest rates in three years as U.S. meme stocks rallied sharply, a Goldman note seen by Reuters on Friday showed. The note, published on Wednesday just before the rally faded, said hedge funds dropped positions on the most actively shorted stocks tracked by a Goldman Sachs index. Most hedge fund short covering, when investors have to buy back stock borrowed for bearish bets, came from stocks tracked in the Goldman Sachs index, the bank's note said.
Investing.com
The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs
Goldman Sachs has observed a significant shift among the top technology companies, often dubbed the "Magnificent 7," following their first-quarter results.
The Edge Singapore
DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month
His remaining 2.3 million shares are worth more than $80 million
Benzinga
Elon Musk Compares The Fed's Money Printer To A Game Of Monopoly As Goldman Warns Next President Faces A "Fiscal Constraint"
Elon Musk had another post go viral on his platform, X, with this one eliciting more laughs than controversy. Taking a screenshot from the rule page of the game of Monopoly, about how "the bank never goes bankrupt" as the "banker may also issue ‘new' money," Elon Musk reposted it with the added caption "how the Federal Reserve works." Don't Miss: Startup behind ‘the #1 free contractor app' grows 162% YoY, opens its doors for investors at a $100 minimum. Invest in time-tested solution that aims t
CoinDesk
Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows
One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
Yahoo Finance
Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks
Stocks trod water as investors assess the chances of the Dow succeeding in another bid to cross 40,000 for the first time.
Zacks
Is It Worth Investing in Alibaba (BABA) Based on Wall Street's Bullish Views?
According to the average brokerage recommendation (ABR), one should invest in Alibaba (BABA). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
AFP News
China offers to buy up commercial housing to boost property market
China cut the minimum down payment rate for first-time homebuyers on Friday and suggested the government could buy up commercial real estate, in some of Beijing's most ambitious moves yet to lift the ailing housing market out of an unprecedented debt crisis.The moves are some of Beijing's most ambitious yet in seeking to reverse a chronic crisis in the housing market.
Fortune
GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares
Meme stock pump appears to be dying out as GameStop and retail traders cash in on their winnings.
The Smart Investor
Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI
We review the latest earnings from Singapore’s flagship carrier and look at the latest technological updates from a software giant. The post Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI appeared first on The Smart Investor.
Zacks
S&P 500 Achieves a New Milestone: 5 Non-Tech Picks
We have narrowed our search to five U.S. large-cap stocks that have provided more than 25% returns year to date and have more upside left. These are: PGR, ACGL, WFC, WAB, LDOS.
Barrons.com
The Stock Market Celebrated Inflation Too Soon. Why an Exhausted S&P 500 Is Set to Drop.
Inflation isn’t conquered yet. If it does start trending up again, many of the pillars of the current rally would fall.
Associated Press
Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
The Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while closing out their latest winning week. The Dow rose 134.21 points, or 0.3%, to 40,003.59, a day after briefly topping the 40,000 level for the first time. It and other indexes on Wall Street have been climbing since the autumn of 2022 as the U.S. economy and corporate profits have managed to hold up despite high inflation, the punishing effects of high interest rates and worries about a recession that seemed inevitable but hasn’t arrived.
FX Empire
USD/JPY Weekly Price Forecast – US Dollar Continues to Show Support And Strength
The US dollar has gone back and forth during the course of the trading week against the Japanese yen, but has recaptured the ¥155 level, which of course is a very bullish sign.
Zacks
The Zacks Analyst Blog Highlights Alphabet, Datadog, Garmin, Salesforce and CrowdStrike
The Zacks Analyst Blog Highlights Alphabet, Datadog, Garmin, Salesforce and CrowdStrike.
Moneywise
Robert Kiyosaki says there's 'nothing wrong' with buying a house — except he uses debt to buy it and 'pay no taxes'
Want to be a real estate mogul? Read on.
SmartAsset
Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With?
I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.
Reuters
Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports
The companies are, however, backing away from an initial plan to make an all-cash $26 billion offer for Paramount, the newspaper said. Reuters reported this month that Paramount was in talks to open its books to a consortium of the Sony movie unit and the U.S. buyout firm. CNBC later reported that Sony was rethinking its bid, sending Paramount's shares tumbling and helping the Japanese firm's shares surge after upbeat earnings.

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New Strong Sell Stocks for May 6th

Latest stories

Russian court seizes Deutsche Bank, Commerzbank assets as part of lawsuit

Jim Cramer’s Latest Stock Picks in May 2024

Hedge funds squeezed from short bets amid surging meme stocks, Goldman Sachs says

The 'Magnificent 7' term needs to be retired after Q1 earnings: Goldman Sachs

DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month

Elon Musk Compares The Fed's Money Printer To A Game Of Monopoly As Goldman Warns Next President Faces A "Fiscal Constraint"

Bitcoin Traders Target $74K Next Week as BTC Spot ETFs Log Four Days of Inflows

Stock market today: Dow closes above 40,000 for first time to cap winning week for stocks

Is It Worth Investing in Alibaba (BABA) Based on Wall Street's Bullish Views?

China offers to buy up commercial housing to boost property market

GameStop stock is crashing after the company reported weak sales and cashed in on the meme stock revival by selling 45 million shares

Top Stock Market Highlights of the Week: Singapore Airlines, Google and OpenAI

S&P 500 Achieves a New Milestone: 5 Non-Tech Picks

The Stock Market Celebrated Inflation Too Soon. Why an Exhausted S&P 500 Is Set to Drop.

Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week

USD/JPY Weekly Price Forecast – US Dollar Continues to Show Support And Strength

The Zacks Analyst Blog Highlights Alphabet, Datadog, Garmin, Salesforce and CrowdStrike

Robert Kiyosaki says there's 'nothing wrong' with buying a house — except he uses debt to buy it and 'pay no taxes'

Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With?

Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports