Stock market

The big picture

Tesla mania vs. economic reality

Evidence that the stock market and the real economy are not the same thing.

Dec 22, 2020 - Economy & Business
Big businesses' corporate paradise may be coming to an end

If Trump's presidency is about to end, an unprecedented golden era for big businesses could end with it.

Nov 6, 2020 - Economy & Business
The fall of an empire

All major oil companies are facing trouble. But Exxon has fallen the farthest, making the biggest bets on oil and gas — and the smallest bets on renewable energy.

Nov 1, 2020 - Economy & Business
Investors say ignore the coronavirus pandemic and buy stocks

Bullish fund managers are starting to lay down bets that it will be this way for a while.

Jul 9, 2020 - Economy & Business
Markets swell as the economy shrinks

The disconnect shows how the coronavirus has thrown all bets off.

Jul 3, 2020 - Economy & Business
A look at Robinhood traders' favorite stocks

The list is heavily filled by speculative bets like cruise operators and airlines.

Jun 18, 2020 - Economy & Business

All Stock market stories

Wall Street pencils in virus variants as latest economic risk

Illustration: Aïda Amer/Axios

Wall Street is pinning its bets of an economic rebound this year on mass vaccinations and a virus brought under control, but new coronavirus strains threaten that sunny outlook, a number of firms are warning.

Why it matters: None downgraded growth forecasts because of the variants, but they’re acknowledging there’s a new asterisk to the anticipated economic recovery.

Felix Salmon, author of Capital
Jan 22, 2021 - Economy & Business

GameStop stock continues to defy gravity

Expand chart
Source: FactSet; Chart: Axios Visuals

Shares in GameStop surged as high as $76.73 on Friday in what has been described as an "epic short squeeze."

Why it matters: The GameStop fight, with Redditors and TikTok influencers on the long side and investment professionals like Citron Research's Andrew Left on the short side, has turned ugly in recent days. But for the time being, the amateur investors are winning.

Fears about a market bubble creep up on investor worry list

Data: BofA Global Research; Note: Percentage of investors that cite respective events as fears; Chart: Axios Visuals

Fears of an asset bubble are gaining ground among investors, Bank of America surveys out this week show.

Why it matters: The coronavirus is still the top fear, followed by rising interest rates. But there was the biggest jump among investors that mentioned "asset bubble" as a concern.

Big bank bond trading soared in 2020

Data: Analysis of company filings; Chart: Axios Visuals

The pandemic helped to pull big banks’ bond trading revenue out of a multi-year slump.

Why it matters: Revenue within the so-called fixed income, currency and commodity (FICC) divisions has been slowing for years.

Banks cash in as Wall Street blows out Main Street

Illustration: Aïda Amer/Axios

America’s big banks capped off a winning year, led by soaring Wall Street-facing business lines.

Why it matters: Banks cashed in on the white-hot IPO market, record debt issuance, and sky-high trading volume — all of which played out as economic peril softened the consumer side of their businesses.

Felix Salmon, author of Capital
Jan 21, 2021 - Economy & Business

How high-risk traders are using Reddit and TikTok to scalp huge profits

Illustration: Sarah Grillo/Axios

One of the most high-risk, high-return trading strategies of the moment is also the most democratic: Buying the stocks being pumped up on Reddit and TikTok, and then selling them for a huge short-term profit.

The intrigue: While most active trading strategies require expensive professional-grade software, this is a strategy that’s accessible to anybody who's Extremely Online.

Felix Salmon, author of Capital
Jan 21, 2021 - Politics & Policy

How the election changed investors

Photo illustration: Brendan Lynch/Axios. Photos: David Hume Kennerly, Alex Wong/Getty Images

50% of Americans changed their investing strategy after seeing the result of the presidential election, according to a Harris Poll survey for Empower Retirement and Personal Capital shared exclusively with Axios.

Why it matters: The election and the intense news cycles following it were perceived, correctly, as an inflection point of historical proportions. Doing nothing is hard in such situations, even if sticking to your long-term plan is what most financial advisers would recommend.

Dion Rabouin, author of Markets
Jan 21, 2021 - Economy & Business

Short seller calls out hydrogen fuel company Plug Power

Data: Investing.com; Chart: Axios Visuals

Plug Power's share price fell 6% on Thursday and slipped another 1% in after-hours trading following a Hindenburg Research-esque short seller report on the company from Kerrisdale Capital.

What they're saying: "We are short shares of Plug Power, a $40 billion provider of hydrogen fuel-cell solutions that’s set to generate a paltry $300 million in revenue in 2020 and trades at 40x its own aggressive revenue projection for 2024."

Trump stock market underperformed Obama's

Data: Yahoo Finance; Chart: Andrew Witherspoon/Axios

U.S. stock markets hit record highs during President Trump's time in office, but mostly underperformed his predecessor.

By the numbers: The stock market selloff that followed the outbreak of the coronavirus pandemic wiped out three and a half years' worth of market gains for Trump. As of March 23, 2020, the S&P 500 had lost 1.5% since Trump's first day in office.

Mike Allen, author of AM
Jan 16, 2021 - Economy & Business

America on borrowed time

Illustration: Aïda Amer/Axios

Economic recovery will not be linear as the world continues to grapple with the uncertainty of the pandemic.

Why it matters: Despite being propped up by an extraordinary amount of fiscal stimulus and support from central banks, the state of the global economy remains fragile.

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