If you want to be the ultimate contrarian next year, bet on these things happening
Bank of America strategist Michael Hartnett gives his contrarian trades to profit from unexpected outcomes in 2024.
Amazon cuts ‘several hundred’ jobs in Alexa division
The company’s devices and services unit, which includes Alexa, was hit by an earlier round of layoffs.
An options trade that wins if Nvidia moves big on earnings in either direction
A long NVDA straddle pays off when volatility increases and the price of the underlying moves by a significant amount, but it doesn’t matter whether it’s to the upside or the downside.
Cadillac reveals its new entry-level EV, a compact crossover called the Optiq
The General Motors brand says the vehicle, which will be its fourth EV, will slot below the Lyriq midsize crossover, which starts around $59,000.
The ‘Apple of e-bikes’ targets profitability next year even as rivals enter bankruptcy
Adrien Roose, CEO and co-founder of e-bike firm Cowboy, told CNBC this week that he expects the company to reach profitability on a full-year basis in 2024.
Fed’s Susan Collins says more rate hikes can’t be taken off the table yet
Other officials have been saying much of the same, essentially that inflation is showing progress but still has a way to go.
These stocks don’t deserve to rally and should be shorted, according to Wolfe Research
The stocks appeared on several short idea screens the firm ran.
White House blasts Elon Musk for promoting ‘antisemitic and racist hate’
The White House said it was “unacceptable to repeat the hideous lie behind the most fatal act of Antisemitism in American history at any time.”
How Danaher’s new acquisition will boost earnings for the life sciences firm
The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET.