Reported about 1 month ago
Sahra Wagenknecht's newly formed BSW party has emerged as a significant player in German politics following recent state elections, positioning itself to prevent the far-right AfD from gaining power in Thuringia. The BSW, advocating for limited immigration and critical of military support for Ukraine, secured 15.8% of the vote. As the AfD continues to attract support, the BSW's rise reflects a growing discontent with mainstream parties, particularly in the former East Germany, highlighting the need for these parties to address voter concerns.
Source: YAHOO
Reported about 1 month ago
UBS forecasts the S&P 500 to rise to 5,900 by the end of 2024 and 6,200 by mid-2025, supported by positive factors like Fed rate cuts and AI growth. They recommend PVH Corporation, poised for a 76% upside, and Dayforce, with a potential 57% gain, both set to capitalize on favorable market conditions despite current challenges.
Source: YAHOO
Reported about 1 month ago
This article highlights the upcoming stock splits from September 2 to September 6, including significant changes from companies like ARCA Biopharma (now Oruka Therapeutics), Energy Resources of Australia, and Matinas Biopharma, among others. These corporate actions generally aim to enhance liquidity and accessibility for retail investors, often involving either standard stock splits or reverse stock splits to manipulate the outstanding share count while maintaining market capitalization.
Source: YAHOO
Reported about 1 month ago
Brazil's economy is projected to grow solidly in the second quarter of 2024, with a 0.9% increase compared to 0.8% in the first quarter, driven by strong household spending despite challenges from increased imports. Analysts attribute the growth to resilient private consumption bolstered by a robust labor market and rising real wages. However, there are concerns about the negative impact of higher imports on overall economic expansion.
Source: YAHOO
Reported about 1 month ago
CrowdStrike has amended its financial guidance after experiencing an outage that affected customer deals, although it still posted strong growth in revenue and earnings in its latest quarter. The cybersecurity firm’s revenue increased 32% to nearly $964 million, and its annual recurring revenue reached $3.86 billion. Despite this positive performance, ongoing challenges from delayed sales cycles and increased scrutiny are anticipated, prompting the company to lower its full fiscal year forecasts.
Source: YAHOO
Reported about 1 month ago
Investor sentiment has led to significant declines in many stocks despite a bull market elsewhere. Two appealing choices are CVS Health, which is near its 52-week low but remains profitable with strong cash flow and a solid dividend, and Pinterest, a previously popular stock that has dipped but is seeing steady revenue growth and increasing user engagement. Both stocks offer potential for long-term investors looking for bargains.
Source: YAHOO
Reported about 1 month ago
Amid a challenging environment for Chinese stocks, veteran fund manager Jason Hsu of Rayliant Global Advisors highlights New Oriental Education & Technology Group as his top trade. Despite regulatory pressures that previously plummeted its stock price nearly 90%, New Oriental is adapting with promising new initiatives in non-academic tutoring and has seen revenue growth. With a significant rise in Chinese students seeking to study abroad, Hsu believes the company is well-positioned for a strong recovery.
Source: YAHOO
Reported about 1 month ago
Etsy's shares have dropped 81% from their peak in November 2021, making it a potentially attractive investment despite recent slowing growth. While the company's gross merchandise sales saw a 2.1% decline in Q2 2024, Etsy differentiates itself with a unique marketplace that attracts 96.6 million active buyers seeking specialized goods. With a favorable long-term outlook and a forward price-to-earnings ratio at its lowest in three years, this could be a smart buy for investors willing to wait for recovery.
Source: YAHOO
Reported about 1 month ago
Investors looking for stability during economic downturns should consider AbbVie and Merck, two pharmaceutical companies that have proven resilient in challenging times. AbbVie has maintained strong revenue growth and a solid dividend history, even post-Humira patent loss, while Merck's leading drug, Keytruda, continues to perform well and the company has a promising pipeline. Both companies offer reliable dividends, making them attractive options for cautious investors.
Source: YAHOO
Reported about 1 month ago
Individual investors often look up to industry legends, but many fund managers fail to outperform the S&P 500. A straightforward approach to beat the experts is to invest in an S&P 500 ETF, such as the Vanguard S&P 500 ETF, which has generated 237% returns over the past decade. This strategy is not only simple and low-maintenance but also cost-effective, with a low expense ratio. Additionally, adopting a disciplined investment behavior, like dollar-cost averaging, can enhance long-term performance, making it likely that individual investors will surpass expert portfolios.
Source: YAHOO
Reported about 1 month ago
Kamala Harris's campaign has gained significant momentum, drawing poll numbers that rival those of Donald Trump, particularly in key swing states. Tusk Venture Partners' Bradley Tusk highlights her California roots and familiarity with Silicon Valley as strengths compared to President Biden's age and detachment from tech issues. He emphasizes the importance of having a leader who resonates with the tech community and expresses optimism about Harris's potential appointments that may further benefit the industry.
Source: YAHOO
Reported about 1 month ago
On Labor Day, a significant number of American workers express a desire for union representation, highlighting the need for protections against corporate practices that undermine workers’ rights. Despite legal backing for organizing, many face employer resistance through intimidation and misinformation. The potential passage of the PRO Act aims to reshape the labor landscape, safeguarding workers' rights to unite and address economic disparities while boosting the middle class—a crucial aspect of America’s economic health.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Major tech firms saw a decline in market values in August driven by rising costs related to artificial intelligence and fears of a recession. Alphabet, Amazon, and Tesla experienced notable drops due to various operational challenges and market conditions. In contrast, Eli Lilly surged nearly 20% on strong sales from a new weight-loss drug, while Berkshire Hathaway's market value surpassed $1 trillion for the first time, indicating investor confidence. Meta also performed well, with a market value increase following positive revenue forecasts.
Source: YAHOO
Reported about 1 month ago
September has historically been a tough month for traders, and 2024 appears no different, with uncertainty around the Federal Reserve's interest-rate cuts. Stocks, bonds, and gold often struggle during this month, leading to cautious sentiment among investors. The upcoming US jobs report is expected to play a critical role in shaping market movements, heightening the likelihood of market volatility. Analysts suggest that hedging strategies and a cautious approach will be crucial as traders navigate potential challenges ahead.
Source: YAHOO
Reported about 1 month ago
Despite receiving significant funding to enhance enforcement on high-income earners, the IRS is facing challenges in establishing audit rates for individuals earning less than $400,000. A recent report highlights the agency's slow progress in developing a clear methodology to accurately measure these audit rates while ensuring that scrutiny of lower-income taxpayers remains unchanged. The IRS has committed to refining its approach but acknowledges the complexity involved in delineating audit coverage based on varying income levels.
Source: YAHOO
Reported about 1 month ago
Point72, led by billionaire investor Steven A. Cohen, has been aggressively acquiring shares in Navitas Semiconductor, a company specializing in gallium nitride power integrated circuits, since early 2023. Despite financial struggles and a stock price of just $3.02, Navitas is positioned in a rapidly growing market with potential applications in consumer electronics, data centers, and future robotics. However, investors should weigh the risks associated with its financial health against its growth potential before considering an investment.
Source: YAHOO
Reported about 1 month ago
This week is crucial for Bitcoin and the U.S. Dollar Index as key economic data is expected to impact the markets. Upcoming reports, including the Institute of Supply Management (ISM) manufacturing PMI and nonfarm payrolls, could signal further weakness in the dollar, potentially benefiting risk assets like Bitcoin. Analysts suggest that a weak PMI reading could strengthen expectations for a Federal Reserve interest rate cut, which historically has been favorable for Bitcoin. Market sentiment remains cautious, and technical indicators suggest Bitcoin may face continued bearish momentum.
Source: YAHOO
Reported about 1 month ago
In the shifting landscape of media, Walt Disney (NYSE: DIS) stands out as a compelling investment for the latter half of 2024. Despite challenges in its traditional television networks and DTC segment, Disney has shown signs of improvement in streaming profitability and plans significant investments in its experiences segment. With a forward P/E ratio significantly lower than that of the S&P 500, Disney offers an attractive buying opportunity for long-term investors, bolstered by its robust intellectual property portfolio.
Source: YAHOO
Reported about 1 month ago
Analyst Richard Windsor suggests that while the AI investment enthusiasm is showing signs of wobbling, he doesn't believe the bubble has burst yet. Following Nvidia's disappointing stock performance despite solid quarterly results, concerns are raised about Big Tech's heavy investment in AI without clear returns. Windsor highlights that signs of a potential downturn could emerge from falling valuations in private markets, indicating that firms like OpenAI may not meet growth expectations.
Source: YAHOO
Reported about 1 month ago
Investors are encouraged to consider Walmart stock due to its significant size, effective omnichannel retail strategy, newfound appeal to affluent shoppers, and resilience in any economic climate. With over 10,600 stores globally, Walmart’s scale sets it apart, making it a formidable competitor. Its innovative approaches, such as the Walmart+ subscription service, alongside a well-rounded product offering that includes health and wellness items, ensure steady revenue. Despite current stock price increases, Walmart remains a stable investment option for steady growth.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
The U.S. dollar has declined significantly, falling more than 2% in August, providing relief to various economies facing challenges from its previous strength. As expectations rise for interest rate cuts by the Federal Reserve due to economic weakening, currencies like the yen and yuan have strengthened, relieving pressures on affected nations. Emerging market currencies, especially in Asia, have also gained from this trend, offering central banks an opportunity to focus on domestic growth. Overall, the dollar's recent downturn represents a fundamental shift that benefits multiple global markets.
Source: YAHOO
Reported about 1 month ago
Morningstar's latest research indicates that the long-debated 4% rule for retirement withdrawals may still be a viable strategy. Originally proposed in 1994, this rule allows retirees to withdraw 4% of their retirement fund annually, adjusted for inflation, with a high likelihood of sustaining funds for 30 years. Despite fluctuations in market conditions, Morningstar projects that with current economic improvements, retirees can confidently adhere to this guideline, while also suggesting that a flexible withdrawal approach may allow for larger initial withdrawals.
Source: YAHOO
Reported about 1 month ago
As Labor Day approaches, freight market activity shows a slight upturn in shipping volumes; however, the overall performance lags significantly behind the peaks observed around the Fourth of July. The FreightWaves Supply Chain Pricing Power Index remains stable at 35, indicating that while tender volumes have increased, rejection rates are also on the rise, reflecting a slower market compared to past holidays. Spot rates have stabilized, and despite challenges in retail sales, major retailers anticipate better consumer spending in the upcoming quarter.
Source: YAHOO