Stocks

“Terran Orbital stock surges after winning $2.4 billion contract to build satellites for Rivada”

“Terran Orbital shares surged in early trading on Wednesday, after the company announced a $2.4 billion contract to build communications satellites for Rivada Space Networks. The spacecraft builder will design, manufacture and deploy 288 satellites for Rivada out of Terran’s… Continue Reading…

Stocks

“Dow falls 400 points as higher rates pressure stocks…”

“…The Dow Jones Industrial Average dropped 457 points, or 1.35%. The S&P 500 slid 1.3%, and the Nasdaq Composite pulled back by 1.7%. The Dow briefly fell by 500 points before reversing some of its losses. Home Depot shares fell… Continue Reading…

Business, Stocks

“Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases”

“…In their forecast, Shopify executives guided for revenue to grow “in the high-teen percentages” in the fiscal first quarter, while not providing a forecast for any profit metric nor for the full year. Analysts on average were projecting first-quarter revenue… Continue Reading…

Stocks

“Current stock market rally ‘likely to mark the high point’ for 2023: JPMorgan”

“…The strong rally across the major indices so far this year has surprised many market watchers, especially given that the Federal Reserve is hot off another interest rate hike as it continues to try and combat nagging inflation. Several Fed… Continue Reading…

Stocks

“Lyft stock is getting punished, down more than 35% after weak guidance”

“Shares of Lyft fell more than 35% when markets opened on Friday, a day after the company reported guidance for its first quarter of 2023 that fell short of analyst expectations. The company expects to make about $975 million in… Continue Reading…

Stocks

“15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis”

“..Here’s an expanded list of 20 companies that met the screening criteria, with at least 2% headroom above the dividends based on estimates for 2023 and 2024: Company Ticker Dividend Yield Estimated 2023 FCF yield Estimated 2024 FCF yield Estimated… Continue Reading…

Stocks

“Artificial Intelligence Stocks To Watch: Big Tech Expands AI Products, Services”

“…In general, look for AI stocks that use artificial intelligence technology to improve products or gain a strategic edge. Microsoft (MSFT) has increased its investment in startup OpenAI… Shares in Mobileye Global (MBLY), spun off by Intel (INTC), are up… Continue Reading…

Economy, Stocks

“Dow climbs nearly 200 points after December CPI report shows cooling inflation”

“Stocks advanced Thursday after December’s consumer price report showed inflation cooled for the month, raising hopes the Federal Reserve can once again slow interest rate hikes. The Dow Jones Industrial Average gained 186 points, or 0.6%. The S&P 500 added… Continue Reading…

Economy, Stocks

“After $18 Trillion [decline], Global Stocks Face More Hurdles in 2023”

“…Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red… With a drop of more than 20% in 2022, the MSCI All-Country… Continue Reading…

Economy, Stocks

“Morgan Stanley says the stock market could bottom out next year..”

“…At base, Wilson says the S&P 500 is likely to sink another 20% before hitting a bottom near 3,100 during 1Q23. The index slipped into a bear market in June of this year, when the Federal Reserve began its aggressive… Continue Reading…