Reported 2 months ago
Copper prices have continued to rise from a five-month low, driven by increased demand for withdrawals from London Metal Exchange warehouses, indicating a potential recovery in China's demand. After experiencing a significant drop previously, the re-opening of an arbitrage window for refined copper imports to China has lifted premiums, while recent operational closures at major copper facilities in China and potential export bottlenecks from Africa further support price increases.
Source: YAHOO
Reported 2 months ago
Wall Street is experiencing a dual trend of enthusiasm for artificial intelligence (AI) and stock splits, with Super Micro Computer (SMCI) now poised to join the ranks of AI giants like Nvidia and Broadcom. Following its recent announcement of a historic 10-for-1 stock split effective September 30, 2024, Super Micro has seen shares rise significantly amid growing demand for AI infrastructure, showcasing a 2,750% increase over the last five years. However, caution is warranted as challenges remain, particularly its reliance on Nvidia's GPUs and the history of tech trends experiencing rapid booms followed by corrections.
Source: YAHOO
Reported 2 months ago
Following a drop in stock market averages, investors are preparing for a crucial week filled with corporate earnings reports and key economic indicators, including inflation metrics like retail sales and the Consumer Price Index (CPI). Analysts expect these data releases could significantly influence market volatility, affecting equities and bond prices in the near future.
Source: YAHOO
Reported 2 months ago
In light of upcoming economic data, analysts suggest that a 50-basis-point interest rate cut by the Federal Reserve might signal that the Fed is reacting too late to negative economic trends. Kace Capital Advisors' Kenny Polcari emphasizes that a 25-basis-point cut is more appropriate and cautions investors to remain patient as they navigate volatile market conditions.
Source: YAHOO
Reported 2 months ago
Monday.com has seen a boost in its stock after exceeding second-quarter earnings expectations and raising its full-year revenue forecast. Barrick Gold also surpassed earnings predictions, benefiting from rising metal prices. KeyCorp’s stock is up over 10% following the Bank of Nova Scotia’s purchase of a significant stake in the bank.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Super Micro Computer's shares plummeted 20% after its fiscal fourth-quarter report, revealing a 143% revenue surge to $5.31 billion but disappointing EPS of $6.25 due to declining gross margins. Despite strong growth driven by demand for AI and cooling technologies, the company faces challenges with low margins and component shortages. Analysts suggest caution for investors considering buying the dip, as the stock trades at a forward P/E ratio of 14 amidst concerns about its pricing power and margin stability.
Source: YAHOO
Reported 2 months ago
Following a recent sell-off, chip stocks, particularly Nvidia, are anticipated to regain momentum driven by strong demand for AI technologies, according to KeyBanc Capital Markets Equity Research Analyst John Vinh. He highlights that despite concerns regarding capital expenditures and potential delays in new products, Nvidia's upcoming earnings report is likely to reveal continued robust demand, especially as major tech players invest further in AI.
Source: YAHOO
Reported 2 months ago
During a rally in Phoenix, Arizona, Vice President Kamala Harris emphasized her commitment to keeping the Federal Reserve independent, asserting that she would never interfere with its decisions as president. This stance contrasts with former President Donald Trump's past comments on presidential influence over the Fed's policies.
Source: YAHOO
Reported 2 months ago
US stock market averages have opened slightly positive as investors remain hopeful for a rebound this week following a significant sell-off last week. Analysts, including Seana Smith and Madison Mills, explore market sentiments and the latest movements in the volatility index, indicating cautious optimism for the S&P 500.
Source: YAHOO
Reported 2 months ago
Palantir Technologies has experienced significant fluctuations in its stock value since its public debut in 2020. After hitting a high of $39, its stock fell to $6 before rebounding to approximately $26 as of August 2024. The company's revenue growth has slowed recently, particularly in its government and commercial sectors, but analysts predict a recovery driven by the expanding artificial intelligence market. Though Palantir could potentially reach a valuation of $2.1 trillion by 2050, it will likely still fall short of Microsoft's projected market cap, unless Microsoft's growth significantly declines.
Source: YAHOO
Reported 2 months ago
Dutch Bros recently reported impressive earnings growth, with sales and adjusted EPS increasing by 30% and 46%, respectively. However, a projected slowdown in new store openings led to a significant drop in stock price, which may present a buying opportunity. The company's favorable positioning in expanding markets, strong customer loyalty through its Dutch Rewards program, innovative product offerings, and attractive valuation compared to peers make it a compelling investment despite the volatility.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Bitcoin prices slipped back under $60,000, hovering just above $59,000 as of Monday morning. Yahoo Finance's Jared Blikre offers a detailed timeline on Bitcoin's volatility and highlights the inflows from spot Bitcoin ETFs over the recent trading months.
Source: YAHOO
Reported 2 months ago
Warren Buffett, known for his investment acumen, recently sold significant portions of Berkshire Hathaway’s portfolio, including a historic drop in Apple shares. After investing $9.2 billion in Berkshire Hathaway stock last year, his recent lack of interest in buybacks raises concerns among investors, hinting at his belief that the stock may no longer offer good value. With a record cash position of $277 billion, Buffett's shift reflects a cautious stance on the overall market rather than an outright sell signal for Berkshire Hathaway.
Source: YAHOO
Reported 2 months ago
This week is pivotal for Wall Street as investors await significant economic data, including the July Consumer Price Index (CPI) expected to show a 0.2% month-over-month and 3% year-over-year increase. Retail sales data for July, projected to rise by 0.4%, will also provide insight into consumer behavior. Major retailers like Home Depot and Walmart are set to release earnings, making these indicators critical for the Federal Reserve's decision-making regarding interest rate cuts.
Source: YAHOO
Reported 2 months ago
LL Flooring Holdings Inc., previously known as Lumber Liquidators, has filed for Chapter 11 bankruptcy to close several locations while attempting to sell the remaining stores. The retailer faces $110 million in long-term debt and challenges linked to the COVID-19 pandemic, including decreased home sales and rising interest rates. The company plans to close 94 locations initially, while maintaining operations at another 300 stores, and has secured $130 million in financing to support its operations during the bankruptcy process.
Source: YAHOO
Reported 2 months ago
U.S. stock futures are showing optimism as investors await significant economic data this week, including the Producer Price Index (PPI) and Consumer Price Index (CPI). Bank of America CEO Brian Moynihan has called for interest rate cuts from the Federal Reserve, citing concerns about consumer sentiment. Vice President Kamala Harris advocates for the Fed's independence, pledging not to interfere with its monetary policy.
Source: YAHOO
Reported 2 months ago
B. Riley Financial Inc. is facing an expanding investigation by the U.S. Securities and Exchange Commission regarding its financial disclosures amid recent losses and a plummeting stock price. The inquiry focuses on whether the company accurately conveyed risks associated with its assets and examines links between founder Bryant Riley and former Franchise Group CEO Brian Kahn. The scrutiny comes as B. Riley reports significant financial challenges, including losses and a suspension of dividends, all in the context of broader legal issues and company restructuring.
Source: YAHOO
Reported 2 months ago
As college approaches, parents can save money by shopping at Costco for dorm essentials. Key items include a 4-piece microfiber sheet set for $17.99, Bose noise-canceling headphones for $219.99, a compact refrigerator for $117.49, a Woozoo fan for $46.99, a comprehensive first aid kit for $16.79, and a digital safe for $94.99. These products not only ensure comfort and convenience for students but also offer cost savings compared to regular retail prices.
Source: YAHOO
Reported 2 months ago
Buying appliances from Costco offers several advantages, including free delivery, installation, and haul-away services, which save both time and money. Members can also enjoy extended warranties on select appliances, competitive member-only pricing, and additional discounts on multiple purchases through Costco Direct. Maximizing these benefits, along with leveraging the right credit cards for cashback rewards, can lead to significant savings.
Source: YAHOO
Reported 2 months ago
Qualcomm, often overshadowed by Nvidia in the AI market, is positioning itself as a strong contender in the AI investment landscape thanks to its Snapdragon processors, which can handle generative AI tasks directly on mobile devices. While its recent performance and growth projections are modest compared to rivals, Qualcomm's long-term potential in the evolving AI hardware market may offer significant returns for patient investors. However, analysts currently favor other stocks over Qualcomm for immediate investment.
Source: YAHOO
Reported 2 months ago
In a recent discussion on Yahoo Finance, AlphaSimplex Chief Research Strategist Kathryn Kaminski analyzed the market's recent volatility as U.S. equities faced swings despite a flat close. With ongoing uncertainty regarding the Federal Reserve's interest rate decisions and a wealth of economic data ahead, the conversation centered on strategies for investors to balance and strengthen their portfolios during turbulent times.
Source: YAHOO
Reported 2 months ago
The Biden administration has launched a new initiative called "Time is Money" that seeks to address consumer frustrations with difficult cancellation processes, complicated insurance forms, and lengthy wait times for customer service. The aim is to ease burdens on consumers, promoting transparency and efficiency in service delivery without requiring additional congressional approval. Agencies like the FTC and FCC are set to implement rules to make cancellations easier and improve customer service interactions.
Source: YAHOO
Reported 2 months ago
Oil prices have increased for a fifth consecutive session, buoyed by easing recession fears in the US and rising tensions in the Middle East, particularly regarding Iran's potential retaliation for the recent assassinations of Hamas and Hezbollah leaders. Brent crude futures rose to $80.36 a barrel, while US West Texas Intermediate futures reached $77.68. Analysts noted that the market is closely monitoring Iran's next moves and the ongoing Israeli military actions in Gaza, despite OPEC's downward revision of global oil demand growth.
Source: YAHOO