Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices. But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
Redfin shares are surging 75% in premarket trading Monday after mortgage giant Rocket Companies announced it was buying the digital real estate brokerage in an all-stock deal valued at $1.75 billion.
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Robinhood shares slumped Monday morning as markets got their first chance to react to Friday's announcement that the online trading platform has been fined by the Financial Industry Regulatory Authority.
Bitcoin plunges below $81K as market sentiment hits 'extreme fear' amid widespread crypto selloff.
The mortgage giant Rocket Cos. has agreed to buy Redfin in an all-stock deal valuing the online real-estate brokerage at $1.75 billion.
The brokerage lowered U.S. equities to "neutral" and raised rating on European stocks, excluding UK stocks to "overweight" from "underweight." The Trump administration's massive moves on trade and other policies have injected uncertainty, while a proposed $1.2 trillion European fiscal bazooka and the emergence of China as the tech race leader are marking a potential turning point for investor capital away from the United States. "It is important to stress that we are not turning negative on US equities - but tactically, we see better opportunities elsewhere for now," said HSBC's Global Equity Strategist Alastair Pinder said.
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The tech-heavy Nasdaq led a selloff among Wall Street's main indexes on Monday, falling over 3% to a near six-month low, on fears that a tit-for-tat tariff war could spark an economic slowdown. The Nasdaq has fallen more than 10% from its December high, and confirmed a correction on Thursday. The CBOE Volatility index, also known as Wall Street's fear gauge, jumped more than 3 points to 26, highest since December 18.