Reported 2 months ago
Jim Cramer, host of CNBC's Mad Money, suggested that under a Trump presidency, income earners could benefit from tax cuts, particularly for those in the stock market. He emphasized that choosing Trump would be advantageous for those concerned about their paychecks. However, his views were met with skepticism, as critics pointed out that taxes were raised during Trump's previous administration. The discussion highlighted contrasting opinions on the impact of Trump's economic policies on individual taxpayers.
Source: YAHOO
Reported 2 months ago
Super Micro Computer's shares have fallen to a six-month low as the company's gross margin decreased unexpectedly, overshadowing a strong sales forecast. Reporting a gross margin of 11.3% for Q4, down from 17% the previous year, analysts are concerned about the firm's ability to manage increasing competition and supply chain issues. Despite a promising future in AI infrastructure, the stock saw a significant 15.7% drop, raising concerns over market reactions to earnings performance.
Source: YAHOO
Reported 2 months ago
Rideshare platform Lyft (LYFT) exceeded Q2 earnings expectations with a revenue of $1.44 billion and adjusted EPS of $0.24. However, shares fell due to missing gross booking estimates and a disappointing Q3 guidance.
Source: YAHOO
Reported 2 months ago
In a recent interview, Disney CFO Hugh Johnston discussed the company's mixed third quarter results, highlighting that while the streaming service turned profitable for the first time, the theme park division fell short of expectations. Johnston indicated that the parks may face challenges in the short term but expressed confidence in a recovery, emphasizing strict cost management and strategic value offerings to cater to budget-conscious consumers. He also noted a resurgence in Disney's box office success as a positive factor moving forward.
Source: YAHOO
Reported 2 months ago
In the recent trading session, shares of Airbnb dropped after the company lowered its guidance due to sluggish US travel demand. In contrast, Upstart experienced a surge in its stock prices following a strong earnings report and an optimistic forecast fueled by enhancements in its AI model. Meanwhile, Hilton Worldwide's shares also fell after a warning about weak domestic travel demand, although the chain increased its full-year guidance, citing strong international travel as a mitigating factor.
Source: YAHOO
Reported 2 months ago
In light of the recent stock market sell-off driven by factors like tech stock pullbacks, rising recession fears, and interest rate hikes, the article suggests that the Vanguard Long-Term Bond ETF is the best investment choice. It highlights the ETF's resilience during volatility and its suitability for investors seeking safe-haven assets as it includes a significant portion of government bonds and has a low expense ratio.
Source: YAHOO
Reported 2 months ago
Airbnb's stock fell nearly 14% after the company projected lower third-quarter revenue due to decreasing travel demand in the U.S. and shorter booking windows. This trend reflects cautious consumer spending as economic uncertainties grow. Analysts noted that the signs of softening in booking patterns could signal broader challenges in the online travel sector.
Source: YAHOO
Reported 2 months ago
CVS Health's stock has dipped after the company lowered its full-year earnings forecast and reported mixed second-quarter results, with revenues falling short of expectations. The company also announced a $2 billion cost-cutting initiative as part of its strategy.
Source: YAHOO
Reported 2 months ago
Nvidia's stock dipped by 2% despite a positive outlook from Piper Sandler, which identified a 'tremendous opportunity' for investors after a significant sell-off. Analysts noted Nvidia's strength in the AI accelerator market and projected growth stemming from its upcoming Blackwell chip architecture. Alongside Nvidia, Advanced Micro Devices was also highlighted as a top pick, reflecting potential gains amidst recent market volatility affecting chip stocks.
Source: YAHOO
Reported 2 months ago
Brent Schutte, CIO of Northwestern Mutual Wealth Management, expresses concerns over potential future market sell-offs due to signs of labor market weakening, despite a resilient workforce in recent years. With the Federal Reserve maintaining interest rates, Schutte advises investors to remain cautious as market volatility may be a precursor to recession fears.
Source: YAHOO
Reported 2 months ago
Shares of Super Micro Computer (SMCI) plummeted following disappointing fiscal fourth-quarter results, missing profit and revenue expectations with a revenue of $5.31 billion and adjusted earnings per share of $6.25, both below estimates. In response, the company announced a 10-for-1 stock split scheduled for October.
Source: YAHOO
Reported 2 months ago
Novo Nordisk's CFO, Karsten Munk Knudsen, announced a significant scaling of Wegovy's supply as demand currently outstrips supply, although the company missed its second-quarter revenue target. Despite this, they reported a 25% growth in the first half of the year and raised their full-year outlook. Knudsen emphasized that they are already maximizing production capabilities.
Source: YAHOO
Reported 2 months ago
Investors are facing a sell-off in US stocks amidst recession fears, prompting discussions on the likelihood of a soft versus hard economic landing. Stuart Kaiser from Citi highlights an overreaction to the recent jobs report and the yen carry trade impact, noting the ongoing influence of economic data on market sentiment as investors reassess risks and opportunities.
Source: YAHOO
Reported 2 months ago
Super Micro Computer's shares fell 16% in early trading following mixed fourth quarter earnings that revealed profit margin pressures due to supply chain issues and competition. Despite a nearly doubling in value over the past year and a 10-for-1 stock split announced for October, analysts downgraded their price targets, citing challenges like delayed shipments of Nvidia's Blackwell processors and a competitive pricing landscape in the AI server market.
Source: YAHOO
Reported 2 months ago
The 'Magnificent Seven' stocks—Amazon, Apple, Alphabet, Nvidia, Meta, Microsoft, and Tesla—suffered significant losses totaling approximately $653 billion due to a recent market sell-off. However, they are currently rebounding, with Nvidia spearheading this recovery. Morning Brief hosts Brad and Seana Smith provide insights into the market's recent movements.
Source: YAHOO
Reported 2 months ago
The stock market saw positive momentum as the Nasdaq Composite increased by at least 1.6% during Wednesday's market opening. The S&P 500 followed closely behind. Morning Brief hosts discussed the market activities along with insights on the Russell 2000 small-cap index.
Source: YAHOO
Reported 2 months ago
Disney has announced its streaming division achieved profitability for the first time, with a reported operating income of $47 million in Q3, surpassing the previous year's loss of $512 million. However, the parks business faced a 6% decline in operating income, raising concerns about consumer demand. Overall, Disney reported an adjusted earnings per share of $1.39 and revenue of $23.2 billion, exceeding analyst expectations. The company remains optimistic about improving streaming profitability, despite a potential decline in park attendance.
Source: YAHOO
Reported 2 months ago
Stock futures are rebounding after three days of decline, signaling a recovery from a global sell-off. Concurrently, the Japanese yen is weakening against the dollar as the yen carry trade unwinds. The Bank of Japan has announced that it will not cut rates until market volatility decreases.
Source: YAHOO
Reported 2 months ago
Stock futures saw positive movement as the market attempts to bounce back from a recent downturn. Disney's shares dipped slightly in pre-market trading despite beating earnings estimates due to concerns over its theme parks division. Meanwhile, Super Micro Computer's stock fell after it reported earnings that missed expectations, even as it announced strong revenue guidance and a planned stock split.
Source: YAHOO
Reported 2 months ago
In the face of recent economic uncertainties and shifting investor sentiment towards recession-resistant stocks, three blue chip companies stand out for their resilience and long-term growth prospects. Realty Income, a real estate investment trust, offers reliable monthly dividends and is set to benefit from potential interest rate cuts. PepsiCo provides consistent, slow growth with a strong dividend history, while Philip Morris is pivoting to next-generation nicotine products, promising growth in a declining industry. These stocks are recommended for long-term holding amidst market volatility.
Source: YAHOO
Reported 2 months ago
Peter Thiel significantly impacted J.D. Vance's venture capital journey when he welcomed him to his firm, Mithril Capital Management, in 2016. Despite Thiel's support and Vance's rise to prominence following his memoir "Hillbilly Elegy," former colleagues reported that Vance was seldom present in the office and focused more on promoting his book than on the firm's operations. After leaving Mithril, Vance moved to Revolution and later co-founded Narya with Thiel's backing, but the skepticism about his venture capital success remains.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
In uncertain times, stock markets are dealing with concerns over Federal Reserve policies, potential overvaluation of AI stocks, and the upcoming November election. Investors face significant challenges in crafting effective market strategies. Today’s episode of Opening Bid features discussions on Tesla's stock valuation, Boeing's leadership changes, and predictions of a potential market crash amid ongoing volatility, featuring insights from Yahoo Finance Executive Editor Brian Sozzi and Wind Shift Capital Founder Bill Blain.
Source: YAHOO
Reported 2 months ago
US 30-year mortgage rates dropped significantly last week, reaching 6.55%, the lowest since May 2023, prompting a 16% increase in refinancing applications. This marks a potential turning point for the housing market, according to experts, as overall mortgage applications rose 6.9%. The decline in rates was influenced by falling Treasury yields and may lead to a recovery in home transactions despite ongoing challenges with rising home prices.
Source: YAHOO
Reported 2 months ago
David Rosenberg, founder of Rosenberg Research, has stated that an intermeeting rate cut by the Federal Reserve is improbable, as it would require significant market disruptions. He predicts that a cut will more likely occur in September, with anticipated reductions of 25 to 50 basis points. Rosenberg emphasizes the importance of assessing equity risk relative to market yields, indicating a cautious outlook as the equity risk premium remains lower than historical averages.
Source: YAHOO