U.S. stocks traded lower on Thursday and pointed to a third consecutive decline as rising Treasury yields continued to put pressure on equities while investors digested second quarter earnings reports. What’s happening Dow Jones Industrial Average DJIA falls 131 points, or 0.4%, to 35,152. S&P 500 SPX dropped 19 points, or 0.4%, to 4,494. Nasdaq
Month: August 2023
In this article CLX QRVO ZG QCOM DASH ETSY HOOD Follow your favorite stocksCREATE FREE ACCOUNT Robinhood Markets, Inc. CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt pose with Robinhood signage on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. Andrew Kelly | Reuters Check out the companies
Let’s take a look at some of the top AI stocks in August 2023. For the most part, the average investor is familiar with the major names in the sector, such as Nvidia (NASDAQ:NVDA) and Microsoft (NASDAQ:MSFT). All thanks to their pioneering efforts in the field of artificial intelligence and machine learning. And while both
Real estate stocks are forming the perfect storm. First, the pandemic greatly reduced society’s desire to use various kinds of commercial real estate. Second, soaring interest rates have made it far more difficult for leveraged real estate owners to make good on their interest payments and debt refinances. Some firms will get through the disruption
For all the focus on Nvidia (NASDAQ:NVDA), Advanced Micro Devices’ (NASDAQ:AMD) strategy in the AI space is steadily gaining momentum. While it has yet to benefit significantly from its high-end AI accelerators, the company is set to ship these in Q4. Moreover, large-scale cloud service providers have been considering these accelerators as alternatives to Nvidia.
Delivery app DoorDash Inc. on Wednesday reported a slightly bigger second-quarter loss than expected but sales that beat estimates, and the company said it would keep investing in new businesses. DoorDash DASH, -0.70% reported a net loss of $172 million, or 44 cents a share, compared with $263 million, or 72 cents a share, in
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The Match.com website is shown on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines before the bell on Wednesday. CVS Health — Shares of the retail pharmacy giant rose 1.8% premarket after the company posted strong earnings and revenue for the second quarter. CVS reported earnings of
For long, investors in the cannabis industry have pinned hopes on federal-level legalization. Without a doubt, that’s a big catalyst for growth for the cannabis industry. However, even without legalization at the federal level, the growth outlook is promising. Given the point that the sector has remained depressed, I would accumulate high-potential cannabis stocks at
Investing in companies that make products people buy day-in and day-out is a smart way to weather an economic storm, but there are some consumer staples stocks to sell which are the exception to that rule. A consumer staples stock includes a whole range of companies— from over-the-counter medicines to household products, food and even
Palantir (NYSE:PLTR) stock is among the names that have seen impressive moves in recent weeks. In fact, shares of PLTR stock surged over 10% because a veteran Wall Street analyst initiated coverage and had some positive remarks. The market’s momentum further boosted gains. While many analysts on Wall Street have been bullish about the stock,
Despite the U.S. stock-market rally this year bolstered by the euphoria around artificial intelligence and hopes that the U.S. economy can avoid a recession as inflation falls, stock prices have been anything but simple to predict this year, a challenge exemplified recently by some of the Wall Street’s most prominent analysts. Oppenheimer Asset Management analysts
In this article CZR SEDG AMD SPCE SBUX ELF MTCH Follow your favorite stocksCREATE FREE ACCOUNT Elf complexion sponges arranged in Germantown, New York, July 17, 2023. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after hours. SolarEdge Technologies — The solar stock dropped 11% in extended trading. SolarEdge missed
The bull market in artificial intelligence is just getting started. In fact, with the boom only set to accelerate, we may be looking at a $1.81 trillion opportunity by 2030, says Grand View Research. This can create a big opportunity for this list of AI stocks under $10. AI has reshaped just about everything around
Although crude oil had a strong run in July and is now trading back above $80 a barrel, the price has been largely trending lower since peaking at $122 per barrel in June 2022 after Russia invaded Ukraine. The decline is starting to show up in energy companies’ earnings. Most oil majors just announced their
I don’t know if you’ve been following the Elon Musk rebranding of Twitter. He’s now calling it “X” and plans to turn the social media platform into a super app where you can do just about everything. “In the months to come, we will add comprehensive communications and the ability to conduct your entire financial
The Mega Millions jackpot climbed to $1.05 billion this week, marking the fifth time in U.S. history that the lottery game’s prize has climbed over the billion-dollar threshold. How did it get so high? There have been 29 straight draws without a Mega Millions winner since April 18, and the $1.05 billion jackpot is tied
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People walk by a Gap retail store on August 24, 2022 in Beijing, China. VCG | Getty Images Check out the companies making headlines before the bell on Tuesday. SoFi Technologies — The financial technology stock dropped 3.7% after KBW analyst Michael Perito downgraded the stock from underperform from market perform. Perito hiked his price
Market watchers, consumer, and government officials alike have fixed their attention on artificial intelligence (AI) this year. The technology, which had been relatively dormant in prior years, is set to become one of the most exciting and disruptive technologies of the 21st century. Artificial intelligence has the potential to transform various industries, including health care,