Reported 12 days ago
Micron Technology (MU) is expected to release its Q4 earnings report following the market close on Wednesday. Analysts forecast adjusted earnings per share (EPS) of $1.11 and revenue of $7.65 billion. In Q3, Micron reported $6.81 billion in revenue and an adjusted EPS of $0.62, prompting investors to closely monitor the results.
Source: YAHOO
Reported 12 days ago
Ford Motor Company and General Motors are experiencing significant declines in their stock prices following reports of a new regulation that would halt their ability to import vehicles from China. This proposed rule is part of a broader effort to limit the use of Chinese software and hardware in the United States, causing concern among investors.
Source: YAHOO
Reported 12 days ago
Following last week's 50 basis point rate cut by the Federal Reserve, both the Dow Jones and S&P 500 have hit record highs. Economists, including Brian Jacobsen from Annex Wealth Management, speculate on the possibility of another significant rate cut due to ongoing labor market weaknesses, suggesting that an aggressive approach may be warranted. Market focus is also shifting towards the upcoming earnings season, which begins on October 11.
Source: YAHOO
Reported 12 days ago
KB Home's stock price fell after the company reported mixed results for the third quarter, with analysts noting a 'rocky start' to the quarter but an improved finish. Despite rate cuts by the Federal Reserve expected to eventually benefit homebuilders, the analyst highlighted challenges such as land costs and competitive pressures, although there are signs of stronger demand as mortgage rates decrease.
Source: YAHOO
Reported 12 days ago
SAP's stock has dropped after Bloomberg reported that the US Department of Justice is investigating the company for allegedly collaborating with Carahsoft and others to fix prices on sales to US government agencies.
Source: YAHOO
Reported 12 days ago
Hedge fund manager John Paulson has raised alarms in the financial world by stating he would withdraw his investments from U.S. markets if Vice President Kamala Harris wins the 2024 election. Paulson's concerns stem from the uncertainty surrounding Harris's proposed economic policies, which he believes could lead to significant market disruptions. He highlights that if a tax on unrealized gains is implemented, it could trigger massive sell-offs and quickly push the economy into a recession. Despite Harris's plans to support the middle class through tax cuts and healthcare reforms, Paulson warns that the upcoming election plays a crucial role in shaping the economic landscape.
Source: YAHOO
Reported 12 days ago
U.S. stocks opened with minimal changes on Wednesday, following record close levels for the Dow Jones Industrial Average and S&P 500 on Tuesday. As Wall Street anticipates the next market driver, attention turns to the upcoming August Personal Consumption Expenditures report set for release on Friday.
Source: YAHOO
Reported 12 days ago
On September 25, 2024, stock futures showed little movement following record closes for the Dow Jones and S&P 500. Investors are anticipating financial results from Micron for its fiscal Q4 after the market closes, while Vice President Kamala Harris is set to outline her economic plans in a speech later today in Pittsburgh, which she will present in the lead-up to the 2024 presidential election.
Source: YAHOO
Reported 12 days ago
Mizuho analyst Vijay Rakesh has identified Dell Technologies as the superior investment in the AI hardware sector, citing its strong market position and diverse product offerings. Meanwhile, Super Micro Computer faces increasing competition and market share losses, leading to a Hold rating despite its historical significance in high-performance computing. The future outlook for Dell appears robust, forecasting significant earnings growth, while Super Micro's potential is limited by competitive pressures.
Source: YAHOO
Reported 12 days ago
In an insightful discussion on Yahoo Finance, You.com founder Richard Socher explores the future of artificial intelligence, emphasizing the collaboration between AI agents and humans to improve business performance in 2024. With a background as chief scientist at Salesforce, Socher aims to disrupt the search engine market currently dominated by Google, backed by a significant investment from Nvidia and Salesforce Ventures that has boosted You.com's valuation. As AI technology evolves, Socher's perspective is vital in understanding its impact on our digital world.
Source: YAHOO
Reported 12 days ago
With the Federal Reserve's recent interest rate cut, retirees may seek higher-yield investments. AT&T, a well-known telecom stock, has restructured after struggling with debt and cutting its dividend. The current dividend yield stands at 5.1%, making it appealing compared to declining savings account rates. Analysts predict modest earnings growth, which may allow for future dividend increases. Despite past volatility, AT&T's stability and consistent payouts could be suitable for income-focused retirees.
Source: YAHOO
Reported 12 days ago
Vice President Kamala Harris and former President Donald Trump present contrasting visions for the manufacturing industry as they campaign for the presidency in 2025. Harris plans to leverage government incentives to promote factory growth and emphasizes recent manufacturing successes under the Biden-Harris administration. Meanwhile, Trump portrays the manufacturing sector's state as dire and supports protective tariffs and tax cuts as solutions. The differing narratives reflect their overall economic strategies and attempt to appeal to voters' sentiments about manufacturing jobs in the upcoming election.
Source: YAHOO
Reported 13 days ago
US stock markets are poised to maintain momentum following the S&P 500's 41st record high this year. With investors awaiting the upcoming Personal Consumption Expenditures (PCE) data, mortgage applications have surged to their highest levels since 2022, especially in refinancing, which increased by 20% week-over-week after the Federal Reserve's recent interest rate cut.
Source: YAHOO
Reported 13 days ago
In a resilient stock market marked by a 19% rise in the S&P 500 this year, investors should still prepare for potential sell-offs. Two recommended stocks for stable returns during market uncertainty are Johnson & Johnson and Abbott Laboratories, both of which are Dividend Kings with strong histories of dividend growth. While Johnson & Johnson boasts a 3% yield and a diverse product line that ensures consistent earnings, Abbott Laboratories offers a 1.9% yield and is well-positioned for growth thanks to its diversified business segments.
Source: YAHOO
Reported 13 days ago
The Federal Reserve's recent rate cuts are expected to provide financial relief to Americans, raising questions about how these changes will affect student loans and borrowers' repayment strategies. Expert Brad Smith analyzes the implications of the lower interest rates on student loan borrowers, offering valuable insights for those navigating their repayment plans.
Source: YAHOO
Reported 13 days ago
Meta is set to reveal its first augmented reality glasses at the upcoming Connect conference, alongside updates to its artificial intelligence and virtual reality products. The glasses are part of CEO Mark Zuckerberg's vision for an immersive metaverse, although technical challenges have delayed their release. Initial production will be limited to internal testing, with wider consumer availability targeted for 2027. Meanwhile, Meta's existing Ray-Ban smart glasses have gained popularity, aided by AI enhancements.
Source: YAHOO
Reported 13 days ago
With the presidential election approaching, Vice President Kamala Harris and former President Donald Trump need to prioritize foreign policy issues, particularly concerning Iran and Ukraine. Retired General Wesley Clark emphasizes that a potential nuclear test by Iran could drastically affect oil prices and influence election dynamics. While he remains optimistic about Ukraine's situation, he insists that the U.S. must provide more support to ensure their territorial recovery.
Source: YAHOO
Reported 13 days ago
In the latest episode of Money Glow Up, Tiffany Aliche interviews financial therapist Aja Evans, exploring the complex nature of debt and the stigma surrounding it. They discuss how individuals' personal 'money stories' shape their views on debt, emphasizing that it’s not the debt itself that is negative, but the feelings and beliefs tied to it. Evans highlights that debt can sometimes enable people to access things they wouldn't otherwise be able to afford, underscoring the multifaceted role of debt in financial journeys.
Source: YAHOO
Reported 13 days ago
China has announced its largest economic stimulus since the pandemic, totaling over $325 billion, aimed at bolstering its struggling economy. This has led to significant market reactions, including a surge in the CSI 300 index and a spike in commodity prices like silver and copper. However, past stimulus efforts have had mixed outcomes, raising concerns about the long-term effectiveness of these measures. For US investors, this could imply higher commodity costs and inflation volatility, complicating business planning and consumer demand dynamics.
Source: YAHOO
Reported 13 days ago
Nvidia's stock has seen a remarkable rise of 2,500% over the past five years, largely due to its leading role in the expanding AI chip market, which is projected to grow to $1 trillion by the end of the decade. Key developments include the upcoming launch of the Blackwell architecture, continued revenue growth from the Hopper platform, and the successful Nvidia AI Enterprise initiative. However, challenges like reduced sales in China due to export restrictions and increased competition exist. Despite these concerns, Nvidia's strong financial metrics, stock split, and buyback plan signal confidence in future growth, suggesting it remains a solid investment option.
Source: YAHOO
Reported 13 days ago
The OECD has revised its global growth forecast for 2024 to 3.2%, as the impact from prior central bank rate hikes diminishes and falling inflation increases household incomes. While the U.S. economy is expected to slow down to 1.6% growth by 2025, rate cuts are anticipated to support consumer spending. The organization also expects the euro zone to experience faster growth next year, while the UK's economy sees a positive adjustment due to high wage growth.
Source: YAHOO
Reported 13 days ago
Investors are advised to reconsider purchasing Nvidia stocks and instead allocate $300 to three compelling stocks: Visa, Walt Disney, and PubMatic. Nvidia has peaked, facing heightened competition and a lack of innovation. In contrast, Visa benefits from economic growth cycles and has substantial global opportunities. Disney is rebounding post-pandemic with a unique entertainment model, while PubMatic is set to gain from the digital advertising boom with innovative cloud-based solutions.
Source: YAHOO
Reported 13 days ago
Chinese stocks saw gains on Wednesday, with the CSI 300 Index increasing by 1.5% after an earlier rise of 3.4%. However, investor skepticism lingered regarding the effectiveness of recent government support measures to stimulate the economy. Despite temporary optimism from a comprehensive stimulus package, concerns about persistent underlying issues indicated that the rally might be short-lived unless robust policy changes are made.
Source: YAHOO
Reported 13 days ago
Palantir Technologies, now part of the S&P 500, has experienced a 25% stock surge. Analyst Hilary Kramer of Greentech Research believes Palantir could reach $100, backed by strong AI-driven revenue growth and an optimistic market outlook. The company's recent financial performance, highlighted by a 27% year-over-year revenue increase, further supports this prediction.
Source: YAHOO
Reported 13 days ago
According to economist Steven Blitz, a surge in U.S. economic growth could pose significant risks to the stock market by reigniting inflation and prompting an unexpected increase in Federal Reserve interest rates. Blitz warned of a 'no landing' scenario, suggesting that prolonged low rates could result in economic overheating and a rebound in inflation, prompting the Fed to raise rates sooner than anticipated. He believes that the Federal funds rate should be around 4%, contrary to market expectations of cuts, as current economic indicators suggest resilience rather than the need for aggressive monetary easing.
Source: YAHOO