Micron Stock Gets an Upgrade From a Longtime Skeptic
Baird’s Tristan Gerra raised his call on the chip stock to Outperform, the equivalent of Buy, from Neutral.
Baird’s Tristan Gerra raised his call on the chip stock to Outperform, the equivalent of Buy, from Neutral.
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
Copper (HG=F) and Silver (SI=F) have both risen to new highs as demand increases for these metals, while Gold (GC=F) also rises as China's Ministry of Finance proceeds with a stimulus plan involving the sale of $138 billion worth of ultra-long special sovereign bonds. Bloomberg Intelligence Senior Commodities Strategist Mike McGlone joins Market Domination Overtime to give insight into metals and how the markets might trade moving forward. McGlone elaborates on what could happen with silver as China looks to buy many precious metals: "There's potential rumors that, we know China has been the biggest buyer of gold, not just Chinese Central Bank, but citizens. There may be some hoarding of silver, but the key thing I'm more worried about silver is that it might follow that path, that autocorrelation path in copper which spikes and then goes back down. In the macro, the big picture, though, I'm very favorable in terms of commodities, most favorable to metals versus most other commodities. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
As the stock market flirts with another round of all-time highs, the Nvidia earnings are just around the corner — and analyst expectations are high, once again. And almost no big stocks ever post that many triple-digit gains in a row.
Loviner and Brad have two kids together, but have never set up a joint bank account and an expert has weighed in on why they may have made a wise decision. Find out more here.
(Bloomberg) -- GameStop Corp. tumbled after filings opened the door for it to sell more equity, furthering a rout that erased most of the meme-fueled rally that had sent the stock soaring 271% at the start of the week. Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals SlipZyn Shortage? Nicotine Pouches Out of Stock in Several US Stat
Insider Monkey recently analyzed billionaire Druckenmiller’s latest Q1’2024 portfolio to see which AI stocks the billionaire was buying. NVIDIA Corp (NASDAQ:NVDA) is part of the 10 Best AI stocks to Buy According to Billionaire Stanley Druckenmiller. But the interesting question to answer is: Is NVIDIA really the best AI pick of Druckenmiller? NVIDIA Corp (NASDAQ:NVDA) Number of […]
Microsoft (MSFT) announced it will begin offering Advanced Micro Device's (AMD) AI chips to cloud computing customers as an alternative to Nvidia's (NVDA) processors. Microsoft will be hosting its Build event next week, where it is expected to announce more details on the offering. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Microsoft and AMD and what they could mean for the companies moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
(Bloomberg) -- India’s biggest ever high-yield rupee corporate bond, held by a number of global private credit funds, is casting a spotlight on pockets of stress within the nation’s credit markets. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Infla
Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100.
(Bloomberg) -- Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals SlipZyn Shortage? Nicotine Pouches Out of Stock in Several US StatesChina Attempts to End Property Crisis With Broad Rescue PackageWest Texas Intermediat
(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.Most Read from BloombergGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingUS Company Becomes World’s Most Valuable Solar Firm After Chinese Rivals SlipZyn Shortage? Nicotine Pouches Out of Sto
(Bloomberg) -- Shares of Chinese property developers extended a rally after Beijing announced forceful measures to shore up the beleaguered property market. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’China Sells Record Sum of US Debt Amid Signs of DiversificationA Bloomb
BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely. Under UK takeover rules BHP must make a firm offer by May 22, or walk away.
Stock market bulls regained control in May after April's decline interrupted an impressive five-month run from November to March, during which the market rose each month, with the S&P 500 gaining 25.3%.
Does it ever feel like the rich have some secret knowledge about money that eludes the rest of us? After over a decade working as a bank teller, Rachael P. has an inside look at the habits and...
City Comment: Inflation could fall below 2% as soon as next week
China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases.
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China's Hang Seng Properties Index (^HSNP) climbing higher, as the rescue package comprises an urgent measure to prop up the country's suffering property market. Housing accounts for about a quarter of China's economy, and prices fell to their steepest levels in over a decade. Yahoo Finance's Seana Smith and Madison Mills break down China's plans and how they could affect global markets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.
A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Market strategists who track historical trends say stocks tend to build momentum when recovering from similar-sized pullbacks, often continuing to rally even after making up lost ground. Past rebounds in the S&P 500 from 5% pullbacks have been followed by a median gain of 17.4%, said Keith Lerner, co-chief investment officer at Truist Advisory Services.