Reported 29 days ago
Apple is set to report its fiscal fourth quarter earnings soon after launching its new AI features with iOS 18.1. Analyst Bob O'Donnell suggests that while the AI capabilities, such as Genmoji, may not immediately impact earnings, they will enhance the usability of Apple devices over time. He emphasizes the need for Apple to demonstrate the value of these features to consumers.
Source: YAHOO
Reported 29 days ago
AMD and Intel are set to release their earnings this week, with a focus on AMD's MI300 processors, which could significantly impact the company's growth. Analyst Christopher Rolland mentions that expectations for Intel are low, highlighting challenges in the PC market and the company's shift towards using its own silicon. Additionally, Intel's new Lunar Lake product relies on TSM silicon, posing potential margin issues.
Source: YAHOO
Reported 29 days ago
As demand for semiconductor chips surges due to the rise of artificial intelligence (AI), Micron Technology may emerge as a crucial player in the chip industry, specializing in memory and storage solutions. While Nvidia currently leads the market, concerns about its dominance arise as competitors develop their own GPUs. Micron's focus on memory solutions positions it well for anticipated growth fueled by significant investments in IT infrastructure and potential upgrades in computer systems, making it a compelling stock pickup for investors.
Source: YAHOO
Reported 29 days ago
The Philadelphia District Attorney has filed a lawsuit against Elon Musk, claiming that his political action committee's $1 million daily giveaway to voters in swing states violates consumer protection laws and constitutes an unlawful lottery. The suit aims to halt the promotional campaign, alleging it is designed to sway the upcoming Presidential Election by misleading voters. Musk, who has supported Donald Trump's campaign, denies any wrongdoing, stating that the giveaway relates to constitutional support rather than voter compensation.
Source: YAHOO
Reported 29 days ago
Source: BARRONS
Reported 29 days ago
The S&P 500 index has been closely aligned with the election win odds of former President Donald Trump, as analyzed by Yahoo Finance. Market experts, including Eric Wallerstein from Yardeni Research, have discussed the implications of these odds on market risks. This alignment suggests that investor sentiment and political outcomes may significantly influence stock market performance.
Source: YAHOO
Reported 29 days ago
The ongoing Boeing strike has resulted in an estimated $9.66 billion in losses, marking it as the most costly strike of 2024. According to the Anderson Economic Group, the loss includes approximately $5.5 billion in lost earnings for the company. Boeing is seeking to raise $19 billion through a share sale to address these financial challenges as the strike continues into its seventh week.
Source: YAHOO
Reported 29 days ago
The recent October jobs report, which may show weaker payroll growth, is not expected to significantly impact the Federal Reserve's approach to interest rates, according to Yardeni Research's Eric Wallerstein. He believes that while layoffs may rise due to workers demanding higher pay, the labor market remains robust. Wallerstein anticipates strong GDP growth and expects any weak payroll data will not be deeply concerning unless it indicates a broad cyclical downturn.
Source: YAHOO
Reported 29 days ago
Ari Linder, a financial adviser at Merrill Lynch, emphasizes the importance of LGBTQ representation in the finance sector during a podcast discussion. Linder, who initially considered social work, highlights the unique financial needs of the LGBTQ community, including healthcare costs and budgeting for specific situations. They address wage disparities for LGBTQ workers while encouraging others in the community to pursue careers in finance, stating that success in the financial realm is not only achievable but can also empower them to help others.
Source: YAHOO
Reported 29 days ago
NextEra Energy announced its plan to raise $1.5 billion by selling equity units to fund upcoming energy projects. This initiative comes as utility companies across the U.S. increase investments to meet the anticipated demand surge driven by AI data centers. This marks NextEra's second fundraising effort this year, as the company continues to bolster its extensive renewable energy portfolio.
Source: YAHOO
Reported 29 days ago
JPMorgan Chase has initiated lawsuits against customers who allegedly exploited an 'infinite free money glitch' trending on social media, which involved depositing fake checks and quickly withdrawing funds before the checks cleared. The bank has filed cases in at least three federal courts, seeking the recovery of stolen amounts and associated fees from individuals who took the most money, clarifying that these actions constitute check fraud.
Source: YAHOO
Reported 29 days ago
As U.S. stocks opened the week on a high note, the 10-year Treasury note yield climbed to 4.3% before settling at 4.28%. This may indicate potential challenges for equities as the market shifts focus from Big Tech to cyclicals. Meanwhile, Bitcoin is nearing the $70,000 mark, highlighting a key trend in the market.
Source: YAHOO
Reported 29 days ago
Alphabet is set to report its earnings on October 29, marking the start of a busy week for Big Tech, which also includes reports from Visa, McDonald's, Pfizer, and AMD. Additionally, the US Bureau of Labor Statistics will release its Job Openings and Labor Turnover Survey (JOLTS), along with the consumer confidence figures for October, providing important economic insights.
Source: YAHOO
Reported 29 days ago
The surge in artificial intelligence (AI) investment by major tech companies is significantly transforming the commercial real estate sector. In 2024, firms like Amazon, Meta Platforms, Microsoft, and Alphabet have collectively allocated $50 billion towards AI initiatives, driving a fierce competition for land to establish data centers. This influx of funding is reshaping market dynamics and intensifying rivalry in the real estate landscape.
Source: YAHOO
Reported 29 days ago
Source: BARRONS
Reported 29 days ago
VF Corporation saw a surge in its stock after surpassing second-quarter earnings expectations. F5 Inc. experienced an increase following its fourth-quarter earnings report and a newly approved $1 billion share buyback program. Conversely, Amkor Technology faced a decline after slightly missing fourth-quarter EPS estimates.
Source: YAHOO
Reported 29 days ago
Ford shares dropped in after-hours trading following lower-than-expected guidance, overshadowing a revenue beat. Analysts noted that while the company's outlook remains stable, increased costs and delays in electric vehicle production plans are causing concern in the market. The analyst highlighted a potential slowdown in EV sales across the industry and suggested that automakers may struggle with pricing as they work to profit from electric vehicles.
Source: YAHOO
Reported 29 days ago
In a recent discussion, Yardeni Research's chief market strategist Eric Wallerstein identified geopolitical tensions, particularly involving Iran and Israel, as the primary risk to US economic growth. He noted that diminishing tensions contributed to a significant drop in oil prices, positively affecting financial markets while highlighting concerns of political instability in Japan. Wallerstein expressed confidence in the US as a robust economy but cautioned that the ongoing increase in the national deficit could impact the bond market.
Source: YAHOO
Reported 29 days ago
Southwest Airlines CEO Bob Jordan expressed concern over the ongoing labor strike at Boeing, which has hindered aircraft deliveries crucial for the airline's operations. With production halted on Boeing's profitable large plane orders, Southwest expects a significant shortfall in aircraft availability, having initially anticipated over 80 but now only receiving 20 this year. The prolonged strike is also likely to impact the airline's plans for 2025, prompting Jordan to call for Boeing to strengthen its operations to meet delivery timelines essential for maintaining flight schedules.
Source: YAHOO
Reported 29 days ago
Andrew Boone, a managing director at JPM Securities, highlighted that Meta has become the leader in AI utilization among social media companies ahead of quarterly earnings reports. He emphasized Meta's success in delivering engaging content through advanced AI and large language models. Boone remains optimistic about the sector's growth potential, anticipating continued advancements in AI technology in the coming years.
Source: YAHOO
Reported 29 days ago
Southwest Airlines must confront a lawsuit from its pilots' union, which accuses the airline of illegally intimidating and threatening disciplined pilots. The 5th U.S. Circuit Court of Appeals ruled that the Southwest Airlines Pilots Association provided sufficient evidence of 'anti-union animus' to proceed in federal court, contradicting a lower court's earlier ruling for arbitration. The case centers on claims that pilots were made to fear retaliation for union involvement, particularly involving the demotion of a 'check pilot' linked to union activities.
Source: YAHOO
Reported 29 days ago
Alphabet's stock jumped 6% after reporting better-than-expected Q3 earnings, with earnings per share at $2.12 and revenue of $88.27 billion, driven by a 35% increase in cloud revenue. The company's investment in AI is gaining traction, attracting new customers and enhancing user experience in search functions, despite rising competition from other tech giants. This performance positions Alphabet ahead as it navigates increasing investments in AI and cloud infrastructure.
Source: YAHOO
Reported 29 days ago
On Monday, US stocks experienced gains as the market anticipates a crucial week filled with earnings reports from major tech companies, inflation updates, and a significant jobs report. The Dow Jones led the charge with an increase of over 250 points, while the Nasdaq and S&P 500 also rose. Investors are keenly awaiting results from Alphabet, Apple, and Amazon, among others, amidst economic data that could influence Federal Reserve policies.
Source: YAHOO
Reported 29 days ago
Source: BARRONS
Reported 29 days ago
Ford's stock fell nearly 9% after reporting third-quarter earnings that exceeded revenue expectations, but the automaker also lowered its full-year profit forecast. The company posted $46.2 billion in revenue, up 5% year-over-year, and matched adjusted earnings per share estimates at $0.49. However, ongoing supplier disruptions, partly influenced by hurricanes, and a significant $1 billion charge related to electric vehicles negatively impacted net income. Ford now anticipates 2024 adjusted EBIT will be at the lower end of the $10 billion to $12 billion range.
Source: YAHOO