Reported 8 days ago
Palantir Technologies Inc's shares surged over 6% to a record high after announcing its switch to the Nasdaq on November 26 and potential inclusion in the Nasdaq 100 index. The company's stock, boosted by the growing demand for its AI platform, has increased approximately 267% year-to-date, significantly exceeding Wall Street analysts' price target. This move is expected to further enhance Palantir's visibility and market reach.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
As 2024 nears its end, financial planning for 2025 becomes paramount. Kristen Bitterly of Citi highlights the need for investors to reassess their portfolios, focus on cash allocations, and review potential risks in equities as interest rates decline. She emphasizes that future stock market performance will be driven by 'policy, not politics,' particularly in light of a Republican sweep in the recent elections. Investors are encouraged to prioritize quality in small and mid-cap U.S. stocks amidst changing economic conditions.
Source: YAHOO
Reported 8 days ago
The selection process for Donald Trump's Treasury secretary is already generating significant public interest and controversy even before a decision is made. The leading candidates, Howard Lutnick and Scott Bessent, are actively trying to influence Trump's choice through media appearances and lobbying. Lutnick, initially thought to be solely managing the transition, has emerged as a serious contender himself. Meanwhile, other potential candidates like Robert Lighthizer and Gary Cohn are also being considered. Bessent, widely regarded as the favorite, continues to publicly advocate for his selection while engaging in private discussions with Trump.
Source: YAHOO
Reported 8 days ago
A 37-year-old investor, who grew up poor, has achieved a $1 million net worth in just ten years through diligent work and smart investing. Starting from zero, he exceeded salary expectations after advancing to a director role at a Fortune 50 company. He emphasizes the importance of long-term investment and shares insights on his stock portfolio, which includes top performers like Microsoft, Amazon, and Nvidia, among others. His story highlights the potential for financial success through perseverance and strategic career moves.
Source: YAHOO
Reported 8 days ago
In the wake of Election Day, President-elect Donald Trump is rapidly forming his administration, introducing unexpected Cabinet members and launching a Department of Government Efficiency (DOGE) headed by Elon Musk and Vivek Ramaswamy. This week on Capitol Gains, host Rachelle Akuffo, alongside correspondents and guests, explores the implications of Trump's second term plans, his relationship with Musk, and potential effects on markets and tax credits.
Source: YAHOO
Reported 8 days ago
President-elect Donald Trump has chosen Elon Musk and Vivek Ramaswamy to head the newly established Department of Government Efficiency (DOGE), aiming to reduce government spending and address the growing deficit. Yahoo Finance's Julie Hyman discusses key federal spending areas like Medicare and Social Security, while examining the implications of the increasing debt-to-GDP ratio on the economy amidst rising calls for fiscal restraint.
Source: YAHOO
Reported 8 days ago
Analyst Edison Lee from Jefferies warns that if Donald Trump's proposed tariffs on China are implemented, Apple could see an increase of $256 per iPhone, which would reduce its gross margins by 7%.
Source: YAHOO
Reported 8 days ago
Elon Musk, now aligned with Donald Trump, plans to lead an outside commission called the Dept. of Government Efficiency, aiming to streamline government operations and reduce spending. While Musk's past experience with restructuring businesses may not translate well to the complexities of federal bureaucracy, his efforts could challenge congressional power dynamics. However, given that voters often do not desire reduced services, Republicans may encounter significant political repercussions from these proposed changes.
Source: YAHOO
Reported 8 days ago
Source: WSJ
Reported 8 days ago
Elliott Investment's substantial $5 billion stake in Honeywell has sparked discussions about a potential breakup of the company, similar to moves seen with other conglomerates like General Electric and United Technologies. With arguments that a split could significantly boost share value, analysts are divided on the feasibility and timing of such a strategy, citing previous successes of spin-offs while acknowledging Honeywell's mixed performance in comparison to its competitors. The company is currently navigating uneven demand across its sectors and must weigh whether to embrace the suggested simplification to enhance its market valuation.
Source: YAHOO
Reported 8 days ago
Nvidia (NVDA) is set to release its third quarter earnings on November 20, marking the final report among the 'Magnificent Seven' tech stocks. As analysts gear up to analyze the results, Yahoo Finance's Dan Howley shares insights on what to look for, particularly regarding the implications for AI demand.
Source: YAHOO
Reported 8 days ago
Alibaba recently reported quarterly results that fell short of sales expectations, despite a strong performance in its cloud computing division. Strategist Brian McCarthy emphasized concerns over Alibaba's domestic e-commerce business, which he described as stagnant and a major issue for the company. While international sales showed promise, McCarthy pointed out that the competitive domestic market presents significant challenges for Alibaba's core operations.
Source: YAHOO
Reported 8 days ago
Cathie Wood, CEO of Ark Invest, has increased her stakes in three companies—Amazon, Archer Aviation, and Joby Aviation—as she navigates a challenging market year. Despite Amazon's competitive new platform 'Haul' focusing on low-cost goods, Archer and Joby remain risky investments in the emerging eVTOL sector, with Wood viewing the recent market dips as buying opportunities.
Source: YAHOO
Reported 8 days ago
President-elect Donald Trump is considering the termination of the federal tax credit for electric vehicle purchases, which could impact the affordability of EVs like Tesla and Rivian. Meanwhile, shares of vaccine companies, including Moderna and Pfizer, dropped following Trump's nomination of Robert F. Kennedy Jr. as Secretary of Health and Human Services, who is known for his vaccine skepticism.
Source: YAHOO
Reported 8 days ago
Warren Buffett has made a significant investment of nearly $99 billion in two stocks, Apple and Coca-Cola, which analysts predict could rise by 19% and 20% respectively. His strategy focuses on strong brand companies with reliable financial performance. Despite Apple facing slight revenue dips, its pivot to services has bolstered its profit margins. Conversely, Coca-Cola remains a stable investment with dependable growth and consistent dividend payouts, indicating resilience in the current market.
Source: YAHOO
Reported 8 days ago
Super Micro Computer (SMCI) is at risk of being delisted from Nasdaq due to delays in filing financial statements, with a submission deadline of November 16 following the resignation of its auditor, Ernst & Young. Expert Sylvia Jablonski highlights the company's strong position despite concerns over negligence or fraud, which could impact investor confidence.
Source: YAHOO
Reported 8 days ago
Economist Chris Rupkey from FWDBONDS LLC discusses the implications of October's retail sales growth, which rose by 0.4%, for the market and Federal Reserve policies. He indicates that the Fed has outlined a 'game plan' suggesting they are slow to adjust interest rates, likely influenced by the rapid changes from the Trump administration. Despite uncertainties ahead, Rupkey believes robust consumer demand is a positive indication for economic growth, projecting a 2.5% growth rate for 2024.
Source: YAHOO
Reported 8 days ago
October retail sales increased by 0.4%, surpassing forecasts of 0.3%, while September's spending was notably revised up to a 0.8% growth from the previous 0.4%. Auto sales contributed significantly to October's gains, rising 1.6%. Despite less growth in other categories, economists note that consumer spending remains robust, indicating a solid outlook for the US economy into the fourth quarter.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Walmart is emerging as a significant competitor to Amazon in the e-commerce space, according to analyst Jharonne Martis. Recent retail sales data indicates that consumers are still engaging actively in online shopping, benefiting from events like Amazon's Prime Deal Days, while other retailers, including Walmart, offer their own promotions. Martis emphasizes how Walmart provides flexible shopping options, allowing consumers to shop via mobile and choose between store pickup or home delivery, enhancing its competitive edge against Amazon.
Source: YAHOO
Reported 8 days ago
Source: WSJ
Reported 8 days ago
Bloom Energy Corp.'s shares experienced a dramatic surge after American Electric Power Co. announced a deal to utilize its fuel cells to power data centers. This new partnership is seen as a vital step in addressing the growing electricity demand in the utility sector, especially for AI data centers that require immense power. Analysts view this agreement as a significant opportunity for Bloom to secure more large-scale utility contracts, highlighting the effectiveness of their fuel cells that can switch to hydrogen for cleaner energy.
Source: YAHOO
Reported 8 days ago
General Motors has announced it will lay off around 1,000 employees as part of its strategy to enhance efficiency and effectiveness across operations. The layoffs primarily affect white-collar workers. This decision is part of GM's broader cost-cutting measures.
Source: YAHOO
Reported 8 days ago
Amazon and Apple stocks experienced a downturn as hedge funds reduced their investments in these companies. In the third quarter, hedge fund holdings in Amazon dropped by $11 billion, while Apple saw investor holdings halve compared to new investments. Additionally, Berkshire Hathaway significantly cut its Apple position by about 25%.
Source: YAHOO