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Add in future lock-up expirations (typically 90 to 180 days post-IPO ), and you get more waves ahead as insiders jump ship. The “3-day rule” isn’t law, but it’s common wisdom whereby you let the stock settle for a few sessions before jumping in.
1hon MSN
Wall Street holds steadier following mixed profit reports from Target, Lowe’s and other retailers
The week’s biggest news for Wall Street is likely arriving on Friday, when Federal Reserve Chair Jerome Powell will give a highly anticipated speech in Jackson Hole, Wyoming. The setting has been home to big policy announcements from the Fed in the past, and the hope on Wall Street is that Powell will hint that an interest rate cut is coming soon.
Incyte has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.
But for new entrants to quantum computing stocks, I would only buy IONQ, as it is ahead of its peers in terms of tech. QBTS and RGTI are riskier and may not live up to the hype a year or two out. The last time IONQ broke below its 30-day moving average,
Jim Cramer, the popular host of the CNBC shows "Mad Money" and "Squawk on the Street," is well-known for dropping his hot take on the trending stocks. Whether it's the manufacturing sector or the technology sector, nothing escapes his close scrutiny.
Wall Street's main indexes closed roughly flat on Monday, after struggling for direction while investors awaited a raft of corporate earnings reports from major retailers for more signs about the state of the economy and the Federal Reserve's annual symposium in Jackson Hole.
XPeng stock rose after the Chinese electric-vehicle maker delivered 103,181 cars in the second quarter, up 242% year over year.