April 17, 2021

stock

How much money should I spend on Coinbase stock? Financial advisers offer guidance to young investors

There’s investing with “play money” and then there’s playing with fire.

As Coinbase, the cryptocurrency exchange, goes public, financial advisers want you to remember the difference.


With retail investor ranks swelling, there’s growing allure in finding and profiting off the next new thing.

Enter Coinbase
COIN,
+5.96%,
a platform with 56 million verified users that enables the purchase and sale of crytpocurrencies such as Bitcoin
BTCUSD,
-3.13%
and Ethereum, which appear to just keep increasing in value.

When Coinbase shares hit the market Wednesday afternoon, they were initially priced at $381. Within the first hour of trading,

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Delta Stopped Losing Money in March, but Its Stock Is Losing Altitude

Text size

A Delta Air Lines Boeing 757-251.


Daniel Slim/AFP via Getty Images


Delta Air Lines

beat Wall Street’s revenue estimates in the first quarter and reported a loss of $1.85 a share, beating forecasts for a loss of $2.07.

More important, Delta (ticker: DAL) turned cash-positive in March and expects to break even on an operating basis in June, with profitability returning in the third quarter.  

Delta’s stock doesn’t appear to be reacting positively, however. Shares were down 2.5% in recent trading, at around $47. The

S&P 500

was up 0.7%.

Delta’s first-quarter results were somewhat mixed. Revenue came

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Insurtech’s stock drop triggers class action

A putative class action securities lawsuit was filed Friday against auto insurtech company Root Inc. and its directors and officers after its stock price dropped dramatically following an analyst’s negative report.

Columbus, Ohio-based Root raised $724.4 million by selling 26.8 million shares at $27 per share in its October 2020 initial public offering, according to the lawsuit Ilia Kolominsky v. Root Inc., et al. filed Friday in U.S. District Court in Columbus.

The company operates a direct-to-consumer model that serves customers primarily through mobile applications as well as through its website, according to the lawsuit.

Earlier this month, Bank of

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Finance Giant WFC Stock Banks On 91% EPS Rebound In 2021| Investor’s Business Daily

Wall Street foresees a strong economic rebound in 2021, with financial giants Bank of America (BAC), JPMorgan Chase (JPM) and Citibank (C) all expecting big growth this year. But Wells Fargo (WFC) tops all the big banks in terms of estimated EPS gains.




X



While one of the country’s largest banks, Wells Fargo hasn’t posted a quarter of positive growth for both the top and bottom lines since Q2 2019. But investors are banking on a strong rebound.

For 2021, Wells Fargo sees earnings growth of 91%, followed by a 26% rise

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GE Stock Rallies As Deal For Biggest Piece Of Finance Unit Expected Soon

General Electric (GE) is reportedly nearing a $30 billion deal to combine its aircraft-leasing business with Ireland’s AerCap Holdings (AER), as the coronavirus pandemic stress-tests its core aviation business. GE stock rose and AerCap stock jumped.




X



The industrial conglomerate could announce the merger as soon as Monday, sources told the Wall Street Journal. The move could speed up GE’s turnaround, improving its balance sheet and cash flow.

GE Capital Aviation Services (GECAS) is largest remnant of the company’s once mighty financial services unit, which dragged down GE stock during the 2007-2008 financial crisis.

GE

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Elon Musk confirms Tesla plant closure amid stock slide

Tesla CEO Elon Musk confirmed Thursday night that the automaker’s Fremont, Calif., factory had shut down for two days this week due to a parts supply issue, but was back up and running.

Musk was responding to a Twitter follower asking for an update after Bloomberg reported that the Model 3 production line at the plant would be closed for two weeks.

Tesla shares fell 8% on Thursday and were down in pre-market trading Friday. Earlier this

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