Finance

Free trading fuels rampant speculation in stocks

0


Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass.

Robert Hanashiro | USA TODAY | Reuters

Small investors are flocking to high-flying growth stocks after the brokerage industry made trading free.

In the months since major brokers cut fees to zero, names like Tesla and Virgin Galactic have seen double-digit moves and become fan-favorites favorites for retail traders.

Wells Fargo analyst Christopher Harvey said the “seeds” for the recent moves in Tesla and Virgin Galactic were first planted in October when online brokers started slashing fees.

“This newly-found…



Source cnbc.com

Maersk earnings Q4 2019

Previous article

Fed’s Bostic says ‘we won’t have to do anything’ on interest rates

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance