Reported 7 days ago
Spanish real estate firm Merlin Properties anticipates that its data center operations will generate around 40% of its revenue by 2030, driven by the surging demand for artificial intelligence. Despite currently contributing less than 1% to overall earnings, CEO Ismael Clemente expects gross rents from the data center segment to reach approximately 313 million euros. The company is actively expanding its infrastructure in Spain and Portugal to capitalize on this trend, despite challenges such as regulatory hurdles and the need for substantial investments.
Source: YAHOO
Reported 7 days ago
As global markets wrap up a volatile quarter, China's stocks surged over 8% in response to aggressive monetary policies, marking the best single-day gain in 16 years. Meanwhile, Federal Reserve Chair Jerome Powell is set to address the ongoing easing cycle, providing insights against a backdrop of easing inflation. Investors are cautious about Japan's new prime minister and upcoming U.S. economic indicators.
Source: YAHOO
Reported 7 days ago
U.S. trade officials are expected to impose new tariffs on solar panels imported from four Southeast Asian countries in response to complaints from American manufacturers about unfair subsidies that threaten U.S. competitiveness. This preliminary decision, to be announced on Tuesday, is part of a trade case initiated by Korea's Hanwha Qcells and others to protect U.S. solar investments. The new rules will address cross-border subsidies and could affect many solar manufacturers and project developers in the U.S.
Source: YAHOO
Reported 7 days ago
BHP projects that global copper demand will increase by 1 million metric tons annually until 2035, driven largely by the adoption of technologies that heavily rely on copper. Despite a historical growth rate of 3.1%, recent trends show a decline to 1.9% over the past 15 years, with expectations of an increase to 2.6% in the coming years. As demands for electric vehicles and green technologies rise, BHP believes copper demand could soar to 50 million tons annually by 2050, with particular growth anticipated in the energy transition and digital sectors.
Source: YAHOO
Reported 7 days ago
For the fifth straight week, investors pulled a staggering $22.43 billion from US equity funds, primarily driven by fears regarding the economy and upcoming presidential elections. This trend, marking the largest outflow since December 2022, included substantial withdrawals from large-cap equity, as consumer confidence wanes. In contrast, US bond funds attracted $6 billion in net purchases, signaling a shift towards safer investments as market uncertainties persist.
Source: YAHOO
Reported 7 days ago
This article outlines the 15 best dividend stocks suitable for generating lifelong passive income. It emphasizes the importance of dividend sustainability over high yields, suggesting that investors should focus on companies with conservative payout ratios and a history of consistent growth. Featured companies include Johnson & Johnson, Coca-Cola, and AT&T, among others, each offering a mix of yield strength and growth potential, making them ideal choices for investors aiming for long-term returns.
Source: YAHOO
Reported 7 days ago
As the S&P 500 index rebounds, analysts from Wall Street highlight two tech stocks, Broadcom and Advanced Micro Devices (AMD), as top picks. Broadcom is experiencing strong demand for its artificial intelligence semiconductor solutions, with expectations of significant revenue growth. Similarly, AMD is capitalizing on its GPU market position and the acquisition of Xilinx, with analysts forecasting impressive earnings growth. Both companies are seen as solid investment opportunities as they recover from previous setbacks.
Source: YAHOO
Reported 7 days ago
European auto stocks dropped nearly 4% following a grim forecast from Stellantis that indicated worsening industry trends and aggressive competition from China. The market value of the STOXX Auto & Parts index fell by almost $10 billion, with Stellantis shares plunged 14% after announcing higher cash burn expectations. Analysts predict continued weakness in the sector, driven by supply chain issues and slowing demand, with anticipated earnings dropping almost 14% in 2024.
Source: YAHOO
Reported 7 days ago
As Boeing's two-week strike continues, small aerospace suppliers like Pathfinder Manufacturing are facing severe workforce challenges, with furloughs already affecting 14 out of 54 employees. The strike, involving around 30,000 machinists, has disrupted production of key aircraft models, prompting suppliers to brace for long-term impacts, including potential layoffs and halted investments. Despite efforts to retain skilled workers through health benefits and training programs, suppliers are struggling to navigate both immediate cash flow issues and long-term stability in a recovering aviation market.
Source: YAHOO
Reported 7 days ago
The Federal Reserve's recent interest rate cut could stimulate consumer spending, particularly benefiting the consumer discretionary sector. Despite a drop in consumer confidence, lower borrowing costs might encourage greater spending, making the Vanguard Consumer Discretionary ETF an attractive investment option. With a low expense ratio and a diverse range of holdings including Amazon and Tesla, this ETF offers a convenient way to invest in companies likely to thrive as conditions improve.
Source: YAHOO
Reported 7 days ago
In a recent podcast, Wells Fargo's Ruth Jacks emphasized the importance of diversity, equity, and inclusion (DEI) in business, stating that companies must learn to engage with diverse individuals to avoid losing business. As various companies withdraw from the Human Rights Campaign's Corporate Equality Index, Jacks pointed out that DEI is crucial for generating revenue and reflects a business's commitment to community engagement.
Source: YAHOO
Reported 7 days ago
Stellantis, the fourth largest carmaker globally, has significantly revised its earnings forecast downward due to investments aimed at restructuring its U.S. operations as it navigates an industry slump and rising competition from Chinese manufacturers. The company aims to reduce dealer inventory and is facing a negative cash flow projection of €5 to €10 billion for the year. Stellantis also reduced its expected operating profit margin and is searching for a new CEO following a steep drop in profits and sales in the U.S.
Source: YAHOO
Reported 7 days ago
Source: BARRONS
Reported 7 days ago
This article highlights two investment opportunities for income-seeking investors: Ares Capital (NASDAQ: ARCC) and PennantPark Floating Rate Capital (NYSE: PFLT). Both companies offer impressive dividend yields above 9% and demonstrate strong fundamentals, making them attractive options for those looking to build a reliable passive income stream. Ares Capital, as a large business development company, boasts a 9.2% yield, while PennantPark offers a slightly higher yield of 10.7%, and both have diverse portfolios supporting their dividend payments.
Source: YAHOO
Reported 7 days ago
Wells Fargo analysts suggest investing in real estate investment trusts (REITs) and specialty finance stocks as the Federal Reserve begins its rate-cutting cycle, which is expected to benefit these sectors. They highlight Annaly Capital Management and AGNC Investment as top picks, both offering dividend yields above 12%. Analysts predict these stocks will perform well in the changing interest rate environment, with potential for significant returns.
Source: YAHOO
Reported 7 days ago
Source: WSJ
Reported 7 days ago
The highly anticipated stock split of Super Micro Computer, a key player in AI infrastructure, is set to take effect after hours on September 30, 2024. This 10-for-1 split, following impressive growth and increasing demand for AI solutions, will reduce its share price. With its reliance on Nvidia's AI GPUs, Super Micro has seen its stock soar, but it faces challenges including demand-supply issues and scrutiny over financial practices. As AI stocks surge, investor sentiment will soon be tested with this major split.
Source: YAHOO
Reported 7 days ago
Qualcomm's rumored interest in acquiring Intel signals possible disruption for TSMC in the semiconductor market. While a merger could strengthen Qualcomm's position, entailing access to Intel's x86 chips and manufacturing capabilities, antitrust challenges may hinder such a deal. If Qualcomm successfully acquires Intel, it may shift some chip production in-house, impacting TSMC's revenue from mobile and IoT chip sectors. However, the potential merger is still uncertain due to regulatory concerns and Intel's struggles in catching up to TSMC technologically.
Source: YAHOO
Reported 7 days ago
Billionaire Philippe Laffont has significantly reduced his stake in Nvidia by 72% over the past 15 months, moving from the largest holding to fourth position in his hedge fund, Coatue Management. Meanwhile, Laffont has been aggressively increasing his investment in Amazon, now the fund's second-largest holding, citing its historically low valuation and strong positions in e-commerce and cloud services as key advantages.
Source: YAHOO
Reported 7 days ago
Goldman Sachs strategists anticipate that a strong US jobs report could lead to a market shift from high-profit stocks to those with lower earnings. Expectations are that the upcoming nonfarm payrolls report may indicate a stable labor market, encouraging investors to reassess their portfolio strategies. This analysis highlights a trend where investments might favor less popular stocks as concerns about labor market weakening recede.
Source: YAHOO
Reported 7 days ago
Source: BARRONS
Reported 7 days ago
A port strike looms on the U.S. East Coast as contract negotiations between the International Longshoremen's Association and the United States Maritime Alliance have stalled over wage disputes. With the current labor contract set to expire and an impasse reached on pay increases, the strike could significantly disrupt the flow of goods and cost the economy $5 billion daily. The White House has refrained from intervening, while major retailers prepare for potential impacts on their supply chains.
Source: YAHOO
Reported 7 days ago
Carnival Cruise Line (NYSE: CCL) is set to release its Q3 earnings tomorrow. Last quarter, Carnival surpassed revenue expectations with $5.78 billion, a 17.7% year-over-year increase. For this quarter, analysts predict a revenue growth of 14.1% to $7.82 billion, with adjusted earnings expected at $1.15 per share. Despite a slowdown from last year's growth rates, analysts remain optimistic with a consensus price target of $28, significantly higher than the current share price of $18.72.
Source: YAHOO
Reported 7 days ago
This article discusses three high-yield dividend stocks—Clearway Energy, Verizon Communications, and Ford Motor Company—that investors can buy and hold for long-term wealth. Each stock offers a dividend yield over 5%, with Clearway poised to thrive in the renewable energy sector, Verizon expanding its market presence through a strategic acquisition and 5G initiatives, and Ford working through electric vehicle challenges while maintaining profitability. These stocks present solid opportunities for reinvestment and long-term gains.
Source: YAHOO
Reported 7 days ago
Stellantis NV has reduced its annual profit forecasts, citing increased cash burn due to worsening market trends, higher costs for restructuring in the U.S., and intensified competition from Chinese automakers in the electric vehicle sector. The company now anticipates a cash burn between €5 billion and €10 billion this year and expects its operating profit margin to drop significantly. Stellantis plans to cut shipments to North America by over 200,000 units in the second half of the year and will implement higher incentives for older model vehicles.
Source: YAHOO