Best Momentum Stock to Buy for May 8th

Yahoo Finance AU
Commonwealth Bank's huge $10k move to help Aussies crack the property market
You won't have to spend years saving tens of thousands to get a foot on the ladder.
Yahoo Finance AU
ATO ramps up data checks to ‘protect honest people and businesses’
The ATO has expanded its data-matching programs and can use it to pick up people doing the wrong thing.
Yahoo Finance AU
David Koch's 'sad, bad and gloomy' money survival guide
Australia's economic outlook isn't as hellish as you might think, but it's not heavenly either.
Yahoo Finance
Lowe's beats estimates, even as DIY consumers pull back
Home Depot earnings showed Wall Street with what to expect from Lowe's.
Yahoo Finance
'Demand is just so strong': Nvidia CEO Jensen Huang tells Yahoo Finance supply can't keep up
Nvidia's quarterly results blew away estimates again on Wednesday, and as the company moves to its next-generation chips its CEO sees supply, not demand, serving as its biggest challenge.
Yahoo Finance Video
The best software AI plays: Analyst
RBC Capital Markets Software Equity Analyst Rishi Jaluria and Macquarie Head of US AI and Software Research Frederick Havemeyer join Market Domination to discuss the best AI plays outside major tech companies and chipmakers. Havemeyer says that cybersecurity companies will benefit from the AI race and points particularly to CrowdStrike (CRWD). "While they're not selling generative AI themselves, we think that the advent of generative AI is making it much easier for attackers to exploit a lot of things," he explains. He says that CrowdStrike is well positioned to defend against those attacks.  Jaluria points to Zoom (ZM) as an "underappreciated AI play," as it uses the technology as a tool to aid salespeople or HR representatives in analyzing behaviors. "I think about those use cases, maybe even verticalizing them for the Contact Center, where Contact Center Zoom has been getting a great amount of success," he explains. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
BBC
Inflation rate falls to lowest in almost three years
Prices rose at 2.3% in the year to April, down from 3.2% the month before, official figures said.
Yahoo Finance AU
Powerball $150m draw: Financial advisor's hit list of things you could do with the winnings
James Wrigley said one section in particular will ensure the money will last for 'generations'.
Yahoo Finance AU
Expert warns Aussies common dog breed could cost you when trying for a home loan: 'Most people don't realise'
Lenders can adjust a person's borrowing power and the breed can also influence their decision.
Reuters
Snowflake expects strong Q2 as AI push boosts demand for cloud services
Shares rose 4% after the bell as the data cloud analytics company also said it plans to acquire technology assets and hire 35 employees from TruEra, an AI observability platform. The company had in April launched Snowflake Arctic, a large language model that draws from massive amounts of text to generate responses to queries and is optimized for complex enterprise workloads. The company forecast product revenue in the range of $805 million to $810 million for the second quarter, above analysts' average estimate of $785 million, according to LSEG data.
Simply Wall St.
A Look At The Intrinsic Value Of Teck Resources Limited (TSE:TECK.B)
Key Insights The projected fair value for Teck Resources is CA$77.86 based on 2 Stage Free Cash Flow to Equity With...
Yahoo Finance
Stock market today: Stocks close lower after Fed minutes, ahead of Nvidia earnings
Stocks face two big tests in Nvidia's pivotal earnings report and minutes from the Federal Reserve's last meeting.
StockStory
Snowflake (NYSE:SNOW) Beats Q1 Sales Targets, Stock Soars
Data warehouse-as-a-service Snowflake (NYSE:SNOW) announced better-than-expected results in Q1 CY2024, with revenue up 32.9% year on year to $828.7 million. It made a non-GAAP profit of $0.14 per share, down from its profit of $0.15 per share in the same quarter last year.
Simply Wall St.
Investors in Insignia Financial (ASX:IFL) have unfortunately lost 40% over the last five years
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Bloomberg
BHP Has a Week to Convince Anglo Its South African Plan Can Work
(Bloomberg) -- BHP Group just won an extra week to convince Anglo American Plc on its $49 billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa?Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceNvidia Delivers on AI Hopes, Igniting $140 Billion Stock RallyCiti Trader Got 711 Warning Messages Before Sparking Flash CrashTech Up in Late Hours as Nvidia Emboldens AI Bulls: Markets WrapA
Simply Wall St.
Insider-Owned Indian Growth Companies To Watch In May 2024
The Indian market has shown robust performance, with a 3.7% rise over the past week and an impressive 44% climb over the last year. With earnings expected to grow by 17% annually, companies with high insider ownership might offer valuable stability and growth potential in this flourishing environment.
Insider Monkey
Wall Street Analysts Just Trimmed Price Target for Burlington Stores, Inc. (NYSE:BURL)
European stocks started the day on May 21 with a slightly weaker note, marking a retreat from their recent impressive performance, with attention now shifting towards the upcoming earnings report from NVIDIA. The Stoxx 600 index dipped by 0.2%, showing a predominantly negative trend across most sectors, while futures for US equities remained relatively unchanged. […]
Simply Wall St.
Exploring Three US Growth Companies With High Insider Ownership
As the S&P 500 continues to set records, reflecting a robust appetite for equities amid fluctuating global markets, investors are increasingly focused on the fundamentals that drive long-term value. In this context, growth companies with high insider ownership can be particularly compelling, as significant insider stakes often align management’s interests with those of shareholders, potentially leading to more sustainable company performance in these volatile times.
Fortune
Investors clash over Elon Musk’s $46 billion pay package: ‘The board has yet to ensure that Tesla has a full-time CEO’
Investors say Musk is spread too thin among his other companies to justify such high pay.
Evening Standard
Inflation may soon be too low. But the Bank of England is scared to cut interest rates
City Comment: The Bank should start chopping interest rates as soon as it can

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