Reported 3 days ago
On Tuesday morning, the stock futures are affected by President Biden's authorization of a Ukrainian airstrike on Russia. Walmart has raised its full-year outlook after exceeding third quarter earnings estimates, while Lowe's stock is falling despite beating sales expectations due to slower growth. Meanwhile, the DOJ plans to urge a federal judge to force Google to divest its Chrome browser.
Source: YAHOO
Reported 3 days ago
At the Ignite Conference in Chicago, Microsoft introduced updates to its Microsoft 365 Copilot, including new AI agents and security enhancements, while highlighting strong customer adoption in the AI sector. The company previewed its use of Nvidia's AI servers and launched the Microsoft 365 Link, a small PC for accessing cloud services. Additionally, Microsoft announced a new cybersecurity platform aimed at improving visibility into potential threats, all part of its strategy to capitalize on AI investments and drive growth.
Source: YAHOO
Reported 3 days ago
This article highlights two S&P 500 dividend stocks, Verizon and Ford, which have recently seen declines of 9% and 21%, respectively, making them attractive buy-and-hold investments. Verizon offers a 6.6% dividend yield while focusing on expanding its fiber-optic internet market, despite concerns about its significant debt. Ford, with a 5.2% dividend yield, is navigating challenges in its electric vehicle division, but shows potential for recovery as it adapts to market conditions. Both companies have a history of sustainable dividends, appealing to long-term investors.
Source: YAHOO
Reported 3 days ago
Nvidia, a leader in AI chips and a major driver of tech stock gains, is set to release its Q3 earnings report, with expectations of earnings of $0.74 per share and $33.2 billion in revenue. Investors are looking for Nvidia to exceed these estimates significantly, similar to its track record over the past five quarters. With strong positions in various ETFs, including a 9% weighting in QQQ and a 24% in SMH, the company's performance is critical for many investors. Guidance for Q4 is eagerly awaited, especially amid the growing demand for its new Blackwell AI chips.
Source: YAHOO
Reported 3 days ago
In October, U.S. single-family housing starts fell by 6.9% to an annual rate of 970,000 units, largely impacted by Hurricanes Helene and Milton, which disrupted construction in the South. While building permits saw a slight increase, overall residential investment remains subdued amid ongoing challenges posed by higher mortgage rates and a lack of housing supply, especially for entry-level buyers. The construction sector continues to grapple with the repercussions of inflation and restrictive borrowing costs.
Source: YAHOO
Reported 3 days ago
Source: WSJ
Reported 3 days ago
Walmart reported robust third-quarter earnings, exceeding Wall Street expectations with $169.59 billion in sales and adjusted earnings per share of $0.58. The company has raised its fiscal year 2025 guidance following significant sales growth, particularly in e-commerce and groceries, as it adapts to consumer demand. Walmart's stock rose over 4% in premarket trading, reflecting its continued momentum. The retailer is focusing on maintaining competitive pricing while enhancing its online presence, which is contributing to its performance as it heads into the holiday shopping season.
Source: YAHOO
Reported 3 days ago
Wall Street remains unfazed by President-elect Donald Trump's selection of former SEC Chairman Jay Clayton to lead the Southern District of New York's prosecutorial office, noting his respected background and familiarity within the financial sector. Clayton's experience at the SEC, where he oversaw significant enforcement actions, positions him well for addressing financial crimes, though he lacks direct criminal prosecution experience. His previous encounters with high-profile figures, including Elon Musk, and the controversies surrounding Trump's administration add complexity to his new role, as he embarks on a challenging landscape of financial regulation.
Source: YAHOO
Reported 3 days ago
Super Micro Computer's stock surged over 20% after the company filed a compliance plan with the SEC to avert Nasdaq delisting. This move came after months of challenges, including a significant decline in stock due to delayed financial filings and investigations into alleged accounting issues. The company, known for its AI servers, has seen fluctuating stock performance but remains optimistic due to strong revenue and earnings growth driven by the AI boom.
Source: YAHOO
Reported 3 days ago
Lowe's posted stronger-than-expected quarterly results with revenues of $20.17 billion and adjusted earnings per share of $2.89, surpassing analysts' forecasts. However, the retailer faces ongoing challenges with negative same-store sales growth, projected at a decline of 3% to 3.5% for the year. CEO Marvin Ellison noted that affordability issues from inflation and high interest rates are impacting consumer behavior, despite some recovery from hurricane-related activities. Analysts express cautious optimism for future growth, anticipating favorable market conditions to emerge.
Source: YAHOO
Reported 3 days ago
The crypto market continues to soar post-2024 election, with Bitcoin exceeding $92,000. In a discussion on Stocks In Translation, experts explore Web3, described as the next internet generation focused on decentralization and user ownership. Eddie Johnson highlights Web3 as an enhancement of Web2, allowing immersive experiences. He predicts significant crypto adoption for payments in the coming years and supports Hester Pierce for leading the SEC, emphasizing her pragmatic approach to crypto regulation.
Source: YAHOO
Reported 3 days ago
Walmart's shares are experiencing a rise after the company reported better-than-expected third-quarter earnings and revenue, alongside an increased full-year outlook. Meanwhile, Super Micro Computer is also seeing significant gains after filing a plan to avoid a potential Nasdaq delisting.
Source: YAHOO
Reported 3 days ago
There are no age limits for converting a 401(k) to a Roth IRA, even at 65 while receiving Social Security. However, the financial benefits may be minimal compared to the taxes owed on the conversion amount. A Roth conversion allows tax-free growth and withdrawals later, but it could raise taxable income significantly if the entire amount is converted at once. For seniors, the decision to convert should consider their current and future tax situations, as well as their long-term growth potential. It is advisable to consult with a financial advisor to navigate these complexities.
Source: YAHOO
Reported 3 days ago
Recent data indicates a significant return to in-person work in New York City, with office occupancy reaching 86.2% of pre-pandemic levels, while other cities like San Francisco lag behind. This trend reflects a growing demand for physical office spaces, driven by employer mandates and the desire for in-person connections. Major companies are tightening remote work policies, prompting employees to return to the office more frequently, which is positively impacting the commercial real estate market.
Source: YAHOO
Reported 3 days ago
As electricity demand in the U.S. is projected to surge significantly over the next two decades, NextEra Energy and Brookfield Renewable are positioned to greatly benefit from this growth. Anticipating the need for substantial new renewable energy capacity due to factors such as electrification and increased digitalization, both companies are set to expand their renewable capabilities and could deliver impressive total returns for investors.
Source: YAHOO
Reported 3 days ago
Options traders are anticipating a nearly $300 billion fluctuation in Nvidia's market value following its quarterly earnings report on Wednesday. With an expected 8.5% swing in stock price, this could be one of the largest moves for Nvidia, whose market cap has reached $3.44 trillion. Historical data suggests that post-earnings stock movements often exceed market expectations, typically favoring upward trends. Investors are closely monitoring Nvidia's performance, particularly given its significance in the AI chip market.
Source: YAHOO
Reported 3 days ago
W.P. Carey, a well-diversified real estate investment trust (REIT), has seen its stock fall nearly 40% after a dividend cut due to challenges following the pandemic. Despite this decline, the company remains a strong candidate for long-term investment, as it can comfortably afford its current dividend and boasts a diverse portfolio across various sectors. Investors are advised to remain patient as the stock price is currently affected more by high interest rates than by W.P. Carey's fundamentals.
Source: YAHOO
Reported 3 days ago
Wall Street strategists are updating their 2025 forecasts, predicting the S&P 500 will continue to rally without relying heavily on artificial intelligence (AI) influence. Notable forecasts include a year-end target of 6,700 from BMO Capital's Brian Belski and 6,500 from Morgan Stanley's Mike Wilson, both indicating a shift toward broader market participation. Despite earlier reliance on AI boosts, strategists now anticipate earnings growth to broaden beyond tech stocks, reflecting a matured bull market as the Federal Reserve potentially cuts rates in the coming year.
Source: YAHOO
Reported 3 days ago
Source: WSJ
Reported 3 days ago
Occidental Petroleum has successfully achieved 90% of its goal to reduce debt following its $12 billion acquisition of CrownRock, primarily funded through debt. The company aims to repay at least $4.5 billion within a year of the deal's closure and is on track to reach this target by leveraging excess cash flow and asset sales. While this progress alleviates some financial strain, investors seeking immediate returns may prefer larger competitors like Exxon and Chevron. However, Occidental presents an appealing option for those looking for an oil stock with strong growth potential as it successfully pays down its debt.
Source: YAHOO
Reported 3 days ago
Warren Buffett's Berkshire Hathaway has long-term positions in Coca-Cola and Amazon, both seen as prime investment opportunities now. Coca-Cola, a staple in Buffett's portfolio, boasts a solid dividend yield and resilience in sales despite market challenges. Meanwhile, Amazon continues to thrive with impressive revenue growth and a strong outlook in e-commerce and cloud computing, making it another compelling choice for investors looking to follow Buffett's lead.
Source: YAHOO
Reported 3 days ago
Billionaire Philippe Laffont has significantly reduced his investment in Nvidia by 80%, selling off almost 40 million shares, and has instead invested heavily in Alibaba, increasing his stake by 895%. While Nvidia continues to dominate the AI chip market, concerns about competition and insider selling have influenced Laffont's decisions. Alibaba, with its strong e-commerce presence and leading cloud infrastructure, offers promising long-term growth, making it a now more attractive investment in the AI sector.
Source: YAHOO
Reported 3 days ago
Chinese electric vehicle manufacturer XPeng (XPEV) forecasts fourth-quarter revenue exceeding Wall Street expectations, driven by a rejuvenated product lineup and increased domestic demand. In premarket trading, shares jumped 5.1% as the company reported steady sales for its MONA M03 sedan and earlier launched P7+ executive sedan. XPeng anticipates delivering between 87,000 and 91,000 vehicles in Q4, a substantial increase from last year, following a successful third-quarter revenue beating estimates.
Source: YAHOO
Reported 3 days ago
Thailand's government will initiate the second phase of its 'digital wallet' programme in January, distributing 40 billion baht ($1.16 billion) to support 4 million people as part of its broader $14 billion stimulus effort. The aim is to amplify consumption, particularly targeting seniors over 60 who are in need. The government plans to disburse cash before the Lunar New Year and is also introducing debt relief measures and housing support for low-income earners as it seeks to sustain economic momentum.
Source: YAHOO
Reported 3 days ago
Billionaire Israel Englander significantly reduced Millennium Management's stake in Palantir Technologies by 90.3%, favoring the rapidly growing electric vehicle company Nio instead, increasing his investment in it by 196.3%. Although Palantir has experienced a remarkable rise, concerns about its long-term growth potential and high valuation prompted this strategic shift. Meanwhile, Nio has been ramping up production and innovating solutions like battery swap stations, despite ongoing competition and financial losses.
Source: YAHOO