Reported 2 months ago
Huawei Technologies is reportedly close to launching its new AI chip, the Ascend 910C, to compete with Nvidia's products in China, particularly following US sanctions that limited Nvidia's sales of advanced chips to Chinese companies. The new chip is being tested by various Chinese internet and telecom firms and is posited to be comparable to Nvidia's H100. Huawei aims to begin shipping the 910C by October, with anticipated orders potentially exceeding 70,000 chips valued at around $2 billion.
Source: YAHOO
Reported 2 months ago
According to Citigroup's Chris Montagu, US technology stocks are facing significant risks amid extended bullish positions, with about $22.5 billion worth of long positions in the Nasdaq 100 Index. The potential for negative economic data could intensify pressure on these long positions, which already bear an average loss of 7.6%. This backdrop raises concerns, especially as investors await key economic indicators related to inflation and the possibility of interest rate cuts.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
A couple in their 70s with $3.5 million primarily in stocks is considering switching to a 60/40 portfolio allocation. Financial advisor Brandon Renfro suggests that their current substantial cash flow from Social Security and pensions may allow them to maintain a more aggressive investment strategy, given their ability to save nearly $4,000 a month without regular withdrawals. They have sufficient cash and investment balances to support their retirement goals, but moving to a 60/40 mix could provide added security if that aligns with their financial objectives.
Source: YAHOO
Reported 2 months ago
A reader weighing the decision of whether to pay off a 2.375% mortgage or invest in a 4% CD seeks advice as she plans for retirement in seven years. The article explores the financial implications of both options, considering factors such as interest rates, investment risks, tax deductions, and the emotional satisfaction of having a paid-off home versus potential savings.
Source: YAHOO
Reported 2 months ago
Goldman Sachs strategist Scott Rubner forecasts that systematic trading strategies responsible for approximately $109 billion in global equity futures sell-offs will persist, fueled by a recent mishap following a Bank of Japan rate hike and disappointing US job data. The market environment is expected to remain challenging, particularly in mid-September, as hedge funds, operating at record leverage levels, continue to unwind trades, leading to significantly reduced liquidity and increased volatility in stock markets.
Source: YAHOO
Reported 2 months ago
This article highlights three stocks that can provide long-term passive income for investors who prefer a buy-and-hold strategy. The stocks featured include Bank of America, known for its consistently growing dividend; Realty Income, a REIT recognized for its reliable monthly dividend payment; and PepsiCo, which offers a competitive dividend yield and strong growth. Despite market fluctuations, these companies are expected to sustain their dividend payments, making them appealing options for income-driven investors.
Source: YAHOO
Reported 2 months ago
A couple facing health challenges and high quotes for long-term care insurance is considering whether to purchase a policy now to protect their $3.7 million in assets. The article explores the importance of long-term care insurance, evaluates potential policy options, and discusses financial planning strategies that could help them manage costs while ensuring they safeguard their wealth for future needs.
Source: YAHOO
Reported 2 months ago
A recent breach may have compromised the Social Security numbers and sensitive personal information of nearly all Americans, raising serious concerns about identity theft. This data leak, claimed by a hacking group, could enable criminals to easily access banking and other accounts. Experts advise individuals to take immediate protective measures, such as freezing their credit files and enhancing online security with strong passwords and two-factor authentication. Furthermore, it's crucial to remain vigilant against potential scams that may exploit this data leak.
Source: YAHOO
Reported 2 months ago
Nvidia's stock has fallen nearly 30% from its peak of $135 per share amid a broader market sell-off involving major tech stocks. Despite current fears triggered by rising interest rates and potential recession, the long-term growth prospects for Nvidia—driven by its leadership in graphics processing units for AI—remain strong. With the stock now trading at a more reasonable 36 times forward earnings, investors might consider this a buying opportunity, especially before its upcoming earnings report on August 28.
Source: YAHOO
Reported 2 months ago
The recent turmoil in financial markets has revealed a crucial insight: while US investors are concerned about domestic economic conditions, many of the underlying issues trace back to China's slowing economy. Capital Economics' Neil Shearing highlights how market reactions are disproportionately influenced by the US economic narrative, particularly with significant events like the upcoming Federal Reserve policy meeting and the presidential election on the horizon. This underscores the US's dominant role in shaping global financial sentiment, even as concerns about China’s economic health linger.
Source: YAHOO
Reported 2 months ago
ExxonMobil has proven to be a dependable dividend stock with 42 consecutive years of dividend payments, leading the energy sector despite stock price drops in other companies like Chevron and Devon Energy. While Chevron continues to generate passive income and engage in stock buybacks, Devon's flexible dividend policy could yield significant returns. Additionally, Brookfield Renewable stands out in the renewable energy sector with a solid dividend backed by long-term contracts, making them strong contenders for dividend investors.
Source: YAHOO
Reported 2 months ago
American Express (NYSE: AXP) has seen significant stock price growth, raising inquiries about its investment potential. Despite strong earnings and a solid brand image, concerns about slowing consumer spending and rising charge-offs in the banking sector are making some investors cautious. While it boasts competitive advantages, like high-spending clientele and valuable credit card services, monitoring credit performance and consumer spending trends remains crucial. For those considering investing now, it may be wise to wait for a more favorable entry point amid market uncertainties.
Source: YAHOO
Reported 2 months ago
Despite a recent market sell-off affecting the 'Magnificent Seven' tech giants negatively, Microsoft stands out as a resilient investment choice. With a diversified revenue base that isn't heavily reliant on a single product, Microsoft is positioned to weather economic uncertainties better than its peers. As investors face challenges from rising interest rates and a shaky economy, now may be a prime opportunity to buy shares at lower prices while focusing on long-term growth.
Source: YAHOO
Reported 2 months ago
The Vanguard S&P 500 Growth ETF (VOOG) aims to outperform the S&P 500 by focusing on high-performing stocks, notably in the tech sector. With a 15.9% annual return since 2010, it surpasses the S&P 500's 13.7% average, making it an attractive long-term investment option for investors looking for growth.
Source: YAHOO
Reported 2 months ago
Minnesota Governor Tim Walz stands out in a political landscape filled with wealth, boasting a modest financial profile. Unlike many politicians, he doesn't own stocks or complex investments, relying instead on pensions from his teaching and military background, bringing his net worth in line with the U.S. median. Despite his average finances, a potential vice presidential role could significantly elevate his income and future earning prospects, showcasing a stark contrast to typical middle-class Americans.
Source: YAHOO
Reported 2 months ago
Super Micro Computer, known for its role in the AI server market and partnership with Nvidia, faces a steep stock decline despite impressive revenue growth. The article outlines three reasons to invest, highlighting its low valuation and growing market share, alongside three reasons to sell, which cite increasing competition and supply chain challenges. Investors weigh these factors to determine if the recent pullback offers a buying opportunity.
Source: YAHOO
Reported 2 months ago
The article discusses how the increasing number of British-born adults who are neither working nor seeking work—approximately 9.5 million—affects the UK's migration situation. As companies struggle to fill vacancies due to this worklessness, they are increasingly hiring foreign workers, with over a million immigrants arriving in the UK since the pandemic. The report highlights that since 2019, UK-born employment has significantly dropped while foreign-born employment has risen, indicating a shift in the labor market and raising concerns about long-term economic growth.
Source: YAHOO
Reported 2 months ago
The recent stock market sell-off could present buying opportunities for long-term investors. Among the stocks worth considering are Dream Finders Homes, which has shown strong growth despite the slow real estate market; Digital Realty Trust, which benefits from the growing demand for data centers in the AI sector; and Ryman Hospitality Properties, a well-performing REIT with a solid revenue record. Even though these stocks are currently at attractive prices, any further declines could present even better purchasing opportunities.
Source: YAHOO
Reported 2 months ago
Panic in US equities has subsided following recent volatility, as evidenced by the decline in the Cboe Volatility Index (VIX) from last week’s four-year high. However, historical trends suggest that markets often remain jittery for months after such episodes. Analysts warn that despite a brief rebound, uncertainty over economic data, political factors, and a near correction might keep investor anxiety elevated in the months ahead.
Source: YAHOO