Jim Cramer: We Have to Wonder, Are We in Maniaville? I want to help you get rich, but to get rich carefully. Prudence dictates taking something off the table.
Jan 13, 2021 | 12:05 PM EST
If you got into stocks any time after the pandemic began you know two things: stocks go higher and investing is fun.
That Panglossian view, augmented by commission free trading, boosted by stimulus checks and complemented by the low interest rates that are hardly competitive, has lured so many younger investors in the market that they are impacting stocks like never before.
I know that what I call the MerryMen, after not just the Robinhood clients, 17 million strong, but all who have been having a ball owning stocks, take pride in their stock picking. There are enough stocks of companies that they know and love, companies like Zoom (ZM) , or Lemonade (LMND) or DoorDash (DASH) and Airbnb (ABNB) , as well as, of course, Facebook (FB) , Apple (AAPL) , Amazon (AMZN) , Netflix (NFLX) and Goog
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Canoo soars 20% on report that Apple held talks last year with the EV startup on potential investment
Canoo soars 20% on report that Apple held talks last year with the EV startup on potential investment
Matthew FoxJan 14, 2021, 01:23 IST
Canoo MPDV.Canoo
Canoo soared as much as 20% after it was revealed that the company held talks with
Apple in 2020 about being acquired or receiving an investment from the iPhone maker, according to a report from The Verge.
The potential deal with Apple ultimately fell apart and Canoo instead went public via a SPAC.
Apple is reportedly accelerating the internal development of its own internal electric vehicle and could target a release in 2025.
10:31pm EDT
Round-up of South Korean
financial markets: South Korean shares rose on Thursday, as it tracked a
rebound in global markets, though gains were capped on concerns
about rising COVID-19 cases in some parts of the world. The won
strengthened, while the benchmark bond yield fell. The benchmark KOSPI rose 18.88 points, or 0.60%,
to 3,190.54 as of 0151 GMT, rebounding from a 1.52% drop on
Wednesday. Among the heavyweights, technology giant Samsung
Electronics rose 0.12% and peer SK Hynix
added 0.75%, while battery maker LG Chem and
internet giant Naver also gained 1.74% and 0.26%,
respectively. But worries that rising COVID-19 cases in certain Asian
countries like India, Japan and South Korea, and in Latin
Several large private banks have witnessed a sharp rebound post their 2QFY21 earnings and their valuation appears to be rich, while many small private banks are still trading below their average multiples.
Read more about Worried about valuations? Go for a balanced advantage fund, say experts on Business Standard. Investors who run an asset-allocated portfolio with periodic rebalancing can manage without them