Reported about 1 month ago
Raw sugar futures continue to climb following predictions of increased global deficits attributed to fires in Brazil that have devastated sugarcane crops. Analysts foresee a shortfall of 600,000 tons for the 2024/25 season due to adverse weather impacting cane quality and production capacity, exacerbating the supply chain challenges in the sugar market.
Source: YAHOO
Reported about 1 month ago
Wells Fargo has announced that Boeing's target for annual free cash flow of $10 billion might be postponed until 2027-28, leading to a stock downgrade. Analyst Matthew Akers highlighted the need for Boeing to raise $30 billion to address its significant debt before commencing new aircraft development. Following this news, Boeing's shares fell over 8%, approaching a two-year low, as the company continues to recover from past crises affecting its production.
Source: YAHOO
Reported about 1 month ago
Berkshire Hathaway has sold over $6 billion worth of Bank of America shares, as part of a series of sales since mid-July, cashing in on significant gains in the stock. The conglomerate discharged approximately 21.1 million shares recently, indicating profit-taking after a strong performance by the bank's stock, which has risen over 50% since late October. Despite the sales, Berkshire remains the largest shareholder in Bank of America.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs analysts advise investors to consider gold as a primary investment due to its strong performance and potential for further gains. With current gold futures priced above $2,515 per ounce and a forecasted target of $2,700 by 2025, gold is seen as a safe haven against geopolitical and financial uncertainties, especially in light of expected Federal Reserve rate cuts. Central bank purchases and recent geopolitical tensions further support this bullish outlook.
Source: YAHOO
Reported about 1 month ago
As interest rates are set to decline, investors are encouraged to consider three dividend stocks: Realty Income, Costco Wholesale, and Royal Caribbean Cruises. Realty Income is recognized for its consistent monthly dividends and resilience in various economic climates, while Costco offers stability with steady revenue despite a low dividend yield. Meanwhile, Royal Caribbean has recently reinstated its dividend and is poised for growth, making these stocks attractive options for those seeking both income and capital appreciation.
Source: YAHOO
Reported about 1 month ago
As Apple prepares for its much-anticipated iPhone 16 launch on September 9, Huawei is set to debut its own new products only hours later. This simultaneous unveiling by the two tech giants could significantly influence the competitive landscape of the smartphone market, particularly in China.
Source: YAHOO
Reported about 1 month ago
Homeowners in the U.S. currently possess $17 trillion in home equity, which Grant Cardone suggests could be invested for returns ranging from 6% to 12%, potentially generating significant passive income. While Cardone promotes the idea of utilizing this equity to enhance financial possibilities for aging homeowners, many remain cautious about the risks associated with such investments, valuing home equity as a secure asset rather than a gamble.
Source: YAHOO
Reported about 1 month ago
In response to a 54-year-old woman's query about maximizing her $12,000 savings, financial expert Suze Orman advised her to invest $8,000 in a Roth IRA, open a high-yield savings account, and pay off her car loan quickly. Orman emphasized not to utilize her employer's 401(k) due to lack of matching contributions, highlighting the importance of minimizing expenses to secure her financial future amidst increasing worries about retirement savings among those aged 50 and older.
Source: YAHOO
Reported about 1 month ago
U.S. manufacturing remains sluggish as evidenced by the August PMI, which indicates contraction with a reading of 47.2. New orders dropped and inventory levels increased, suggesting ongoing challenges for factory activity. Meanwhile, construction spending decreased by 0.3% in July, affected by higher mortgage rates and increased housing supply, leading to a slowdown in single-family homebuilding.
Source: YAHOO
Reported about 1 month ago
GE Aerospace stock fell over 5% today, primarily due to a downgrade of Boeing by Wells Fargo, which cited ongoing cash flow issues. As GE is the leading engine supplier for Boeing's aircraft, such downturns in Boeing's financial prospects could adversely affect GE's future revenue from engine servicing and new developments.
Source: YAHOO
Reported about 1 month ago
Recent earnings results from major discount retailers like Dollar Tree and Big Lots reveal contrasting trends in US consumer spending. Following a significant share drop for Dollar General, highlighting financial struggles among lower-income shoppers, the upcoming results from Dollar Tree on September 4 and Big Lots on September 6 are critical for understanding the broader consumer landscape.
Source: YAHOO
Reported about 1 month ago
Intel, once a key player in the Dow Jones Industrial Average, is at risk of being removed from the index after a significant decline in its share price, which has dropped nearly 60% this year. The company has faced mounting challenges, including lower global chip sales and missteps in its product strategy. Analysts suggest that if Intel is removed, it could further tarnish its reputation, especially as competitors like Nvidia and Texas Instruments are eyeing potential inclusion in the index.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer (SMCI) shares rose after the company released a letter to customers and partners addressing the delay in its annual report filing and allegations from Hindenburg Research. CEO Charles Liang assured shareholders that these issues would not affect the company's financial stability and refuted the malpractice claims made by the short-seller.
Source: YAHOO
Reported about 1 month ago
As many investors hope for interest rate cuts by the Federal Reserve in September, Victoria Fernandez, chief market strategist at Crossmark Global Investments, expresses concern over the true resilience of consumers amidst economic uncertainty. While some retailers like Walmart report strong performance, she questions whether this reflects genuine consumer confidence or a shift in demographics, warning that a larger market pullback could be on the horizon despite current soft landing expectations.
Source: YAHOO
Reported about 1 month ago
US construction spending fell 0.3% in July, surpassing forecasts of a 0.1% drop, primarily due to rising mortgage rates impacting single-family homebuilding. The Census Bureau noted a significant decrease in private construction and residential investment, with single-family projects hitting a 16-month low. Despite an overall increase of 6.7% year-on-year, the current landscape is marked by excess supply and weak demand, compelling builders to delay new projects.
Source: YAHOO
Reported about 1 month ago
Apple's stock has surged in anticipation of the upcoming iPhone release, attributed to expected AI features; however, a historical trend shows that its stock typically dips post-launch. Analysts express concern that if the new iPhone fails to meet high expectations, the stock could suffer, evidenced by previous launches where shares fell on 12 of the 17 launch days. Despite growing optimism around Apple’s AI potential, skepticism about significant upgrades remains, potentially placing the recent rally at risk.
Source: YAHOO
Reported about 1 month ago
Chinese electric vehicle manufacturers NIO and Li Auto reported declines in their August delivery numbers, with NIO delivering over 20,000 vehicles, lower than in July, and Li Auto noting a 5% decrease with 48,000 deliveries. This has raised concerns about the implications for the broader Chinese EV market.
Source: YAHOO
Reported about 1 month ago
On a challenging day for oil stocks, shares of ExxonMobil, ConocoPhillips, and BP took a hit following a drop in Brent crude prices below $75 a barrel and a similar decline in WTI crude. The downturn is attributed to OPEC+'s plan to increase oil production and declining manufacturing output in China, suggesting diminished global oil demand. Despite the current struggles, analysts believe oil stocks, known for their cyclical nature, may recover in the long term.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Silicon Valley is in a state of anxiety over a proposed tax plan targeting unrealized capital gains, which aims to tax the wealthiest individuals on their investment gains before selling. The proposal has stirred concerns among tech leaders about its potential to hinder innovation and venture capital, with some critics labeling it as impractical and detrimental to long-term investments. Wealthy donors supporting Democratic policies have also expressed discomfort with the plan, indicating its highly controversial nature within financial circles.
Source: YAHOO
Reported about 1 month ago
Broadcom is set to release its quarterly results after the market closes on Thursday, and analysts show strong optimism for the company's stock. With 12 out of 13 analysts recommending a 'buy' and a consensus price target of approximately $192.96, there's an expectation for a continued upward trajectory for the semiconductor maker, which has seen a nearly 40% increase in its stock this year.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
September is typically a challenging month for bitcoin, historically showing negative returns. As bitcoin starts the month below $60,000, Fundstrat's Sean Farrell advises investors to pay attention to liquidity issues and upcoming Federal Reserve decisions regarding interest rates. He also highlights that the upcoming elections could significantly impact crypto prices, particularly if Trump is elected, which could create a clearer regulatory path for cryptocurrencies.
Source: YAHOO
Reported about 1 month ago
The ISM Purchasing Managers' Index (PMI) for August reported a score of 47.2, slightly below expectations of 47.5, raising concerns about inflation trends in manufacturing and construction as analysts prepare for an upcoming jobs report.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer has rebuffed claims made by Hindenburg Research, which accused the AI server manufacturer of accounting manipulation and related-party transactions. The company asserted that the report contained misleading information and that it will respond to the statements in due course. Following the allegations, Super Micro's shares initially fell but later rose over 2% in early trading.
Source: YAHOO