Tapestry (NYSE:TPR) Shares Up 6.3% After Analyst Upgrade

Tapestry Inc (NYSE:TPR)’s stock price shot up 6.3% during mid-day trading on Monday after UBS Group raised their price target on the stock from $14.00 to $15.00. UBS Group currently has a neutral rating on the stock. Tapestry traded as high as $15.48 and last traded at $15.43, 7,307,840 shares traded hands during mid-day trading.…

When Day Traders Do Well, It’s Probably Just Luck

There’s little doubt that day trading has mushroomed in popularity in recent months, or that some day traders have produced extraordinary profits. According to statisticians, however, there’s also little doubt that most of these day traders’ good performance is due to luck. They essentially would have just as good a chance of success going to…

What investors should do if they think the stock market is in a bubble, according to the folks who wrote the book on bubbles

The coronavirus shutdown has resulted in a resurgence of day trading, particularly on zero-commission apps. But could the entry of large numbers of speculative day traders create a bubble in stocks? In our book “Boom and Bust: A Global History of Financial Bubbles,” we document the role played by day traders and other novice investors…