Reported about 2 months ago
Nvidia's stock rose 4.4% on Monday, fueled by Goldman Sachs reaffirming its positive outlook for the company amidst robust demand from cloud service providers, helping the chipmaker recover from earlier declines. With a gain of 31% over the past eight trading sessions, Nvidia is nearing its previous closing high, ahead of its upcoming earnings report scheduled for August 28.
Source: YAHOO
Reported about 2 months ago
Super Micro Computer is set to execute a 10-for-1 stock split, making its shares more accessible to investors. With AI-driven growth and a sizeable rise in share price over the past year, this split aims to lower the perceived cost per share from over $615 to approximately $62. The split marks the first for the company, and while it may generate significant trading activity and short-term volatility, it's advised that potential investors wait until after the split to evaluate buy opportunities at reasonable valuations.
Source: YAHOO
Reported about 2 months ago
Since Nvidia's IPO in 1999, a single share would have transformed into 480 shares due to multiple stock splits, resulting in a staggering increase in value from $12 to approximately $58,000 today. The immense growth is largely attributed to Nvidia's dominance in AI chip technology and the overall rise of cloud computing, which has significantly boosted demand for its products.
Source: YAHOO
Reported about 2 months ago
Chipotle Mexican Grill's shares dropped 7% after CEO Brian Niccol's sudden resignation to join Starbucks, raising concerns among investors about the company's future growth. Niccol led a successful turnaround strategy that significantly increased revenue and customer engagement, but his departure has led to uncertainty about Chipotle's ability to maintain its momentum. Despite this setback, interim CEO Scott Boatwright, who has been with the company since 2017, may be able to continue the existing strategic direction. Investors are advised to watch performance closely before making new investments.
Source: YAHOO
Reported about 2 months ago
Recent political campaigns have seen popular proposals from candidates like Kamala Harris and Donald Trump that, while attractive, could lead to adverse economic consequences. Harris's plans to cap food prices and provide housing subsidies may actually raise costs, while Trump's tariff increases and calls for dollar devaluation can negatively impact lower-income consumers. The article critiques these seemingly appealing ideas, highlighting how they may not withstand economic scrutiny.
Source: YAHOO
Reported about 2 months ago
The S&P 500 is experiencing its longest winning streak since November 2023, approaching its all-time high from July, attributed to positive economic indicators that may lead the Federal Reserve to lower interest rates in September. A recent FactSet report noted only 28 S&P 500 companies referred to a recession during earnings calls, indicating renewed investor confidence.
Source: YAHOO
Reported about 2 months ago
Goldman Sachs has reduced its recession odds for the US, attributing this to encouraging retail sales and labor data, while also emphasizing the significance of consumer sentiment discussed in earnings calls. Market analyst Julie Hyman explores the implications of consumer sentiment on economic forecasts and Goldman Sachs's latest findings in a detailed discussion.
Source: YAHOO
Reported about 2 months ago
Retail analysts are observing a significant shift as consumers increasingly favor grocery shopping and value retailers amidst economic uncertainty. Walmart and Target are adapting by lowering prices, appealing to budget-conscious shoppers. This trend indicates a strong consumer willingness to spend on groceries, with both sectors seeing continuous growth and investment interest, while luxury retail sales show signs of softening.
Source: YAHOO
Reported about 2 months ago
AMD has announced its purchase of server builder ZT Systems for $4.9 billion in cash and stock, aiming to enhance its competitive position against Nvidia. The acquisition is viewed as a strategic move to offer a more complete product lineup, increasing AMD's engineering talent and capabilities in system design. Industry experts highlight that while this deal improves AMD's standing, there remains a significant gap to close in comparison to Nvidia's comprehensive operations.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
The World Health Organization has declared mpox, previously known as monkeypox, a public health emergency following the emergence of a new variant, with cases now reported beyond Africa. This announcement has led to a spike in stock prices for companies like GeoVax Labs that are involved in vaccine development. Health reporter Anjalee Khemlani discusses these details and the companies working on vaccine solutions.
Source: YAHOO
Reported about 2 months ago
Chief Investment Officer Mark Malek discusses the positive trends in stock market indexes, the latest earnings reports, and expectations for the Federal Reserve's actions at the upcoming Jackson Hole Economic Symposium. He highlights the optimistic consumer sentiment in retail and the anticipation surrounding technology sector performance beyond analysts' forecasts.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
As geopolitical conflicts escalate, defense budgets are increasing, presenting investment opportunities in the defense sector. Citi's aerospace and defense analyst, Jason Gursky, discusses how military modernization efforts are shaping the industry, highlighting companies like TransDigm and Ducommun as strong contenders for investors looking to capitalize on these trends.
Source: YAHOO
Reported about 2 months ago
Despite its volatility, analysts suggest Bitcoin could soar to $250,000 in the coming years, bolstered by significant institutional investment, including by firms like Goldman Sachs, and the recent approval of Bitcoin ETFs by the SEC. The cryptocurrency's upward momentum is also fueled by increased macroeconomic interest and political discussions surrounding Bitcoin, which may influence its price trajectory.
Source: YAHOO
Reported about 2 months ago
Lowe's will announce its second-quarter earnings on August 20, alongside other companies, while key figures from the Federal Reserve will provide insights before the Jackson Hole Economic Symposium. Additionally, the Democratic National Convention in Chicago is underway, with President Biden scheduled to speak, transitioning to Vice President Harris later in the week.
Source: YAHOO
Reported about 2 months ago
US power developers have significantly boosted electricity generation capacity in the first half of 2024, adding 20.2 gigawatts, marking the largest increase since 2003, driven largely by the demands of data centers and artificial intelligence. The continued expansion is expected to reach 42.6 gigawatts by year-end, with solar energy projected to contribute nearly 60% of this new capacity.
Source: YAHOO
Reported about 2 months ago
In a recent discussion, ESG portfolio manager Bill Davis highlights Freeport-McMoRan as a strong investment choice due to its significant role in copper production amidst market demand and entry barriers. Conversely, he views Tesla negatively, pointing to its declining market share, pricing strategies, and challenges in maintaining growth amid increasing competition in the electric vehicle sector.
Source: YAHOO
Reported about 2 months ago
Over 17,000 AT&T employees across nine Southeastern states have initiated a strike, alleging unfair labor practices in contract negotiations. The Communications Workers of America, which represents the workers, claims the company failed to negotiate in good faith and has not sent decision-making representatives to the bargaining table. AT&T, however, refutes these claims and asserts its commitment to reaching a beneficial agreement.
Source: YAHOO
Reported about 2 months ago
Palo Alto Networks projected fiscal 2025 revenue and profit above Wall Street estimates due to increasing demand for its cybersecurity solutions, following a surge in digital threats. The company anticipates annual revenue between $9.10 billion and $9.15 billion and adjusted profit per share of $6.18 to $6.31. Its fourth quarter revenue rose 12% year-over-year, reaching $2.19 billion, surpassing analyst expectations.
Source: YAHOO
Reported about 2 months ago
Williams Trading has upgraded Nike's stock to 'Buy' and raised its price target from $67 to $93. Analyst Sam Poser emphasizes positive developments with Tom Peddie returning to manage wholesale relations, despite concerns over the current management's grasp of the brand. He mentions that while Nike has decent products, it currently lacks a standout hit, which may take time to emerge.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
U.S. Vice President Kamala Harris has announced her proposal to raise the corporate tax rate from 21% to 28% if elected in the upcoming November election against Donald Trump. Her campaign argues this lift aims to promote financial fairness, requiring billionaires and large corporations to contribute more, while ensuring that individuals earning under $400,000 won't see tax increases. This initiative comes amidst a tight race for control of Congress, where tax policy changes will need bipartisan approval.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
US stocks closed at session highs on Monday, with the S&P 500 and Nasdaq reaching their longest winning streaks of the year amid a market rebound from earlier losses. The S&P 500 rose nearly 1% while the Nasdaq jumped over 1.4%, driven by strong performances from technology and consumer discretionary sectors, notably Nvidia and Tesla. Market anticipation is growing ahead of Fed Chair Jerome Powell's speech at the Jackson Hole Economic Symposium, as signs of economic resilience and reduced recession risks emerge.
Source: YAHOO