Stocks

“Amazon Stock Soared 75% in 2023. Should Investors Avoid It in 2024?”

https://finance.yahoo.com/news/amazon-stock-soared-75-2023-120000523.html For anyone that thinks the stock market will crash this stock must be avoided. The top 7 stock or so drive most of the dow jones. If they make most of the gains its safe to assume they will… Continue Reading…

Stocks

“Up 177% in 2023, Is Palantir Stock a Buy for 2024?”

https://finance.yahoo.com/news/177-2023-palantir-stock-buy-200358386.html There’s not much to this article so I just want to say this. Most of the time, when you see companies have incredible spikes in their stock prices, the rally is over once it’s in the news. The vast… Continue Reading…

Stocks

“Google shares pop 5% after company announces Gemini AI model”

“Shares of Google closed up 5% Thursday, a day after the company announced its latest artificial intelligence model called Gemini that will compete with products from OpenAI, Microsoft and Meta. The stock is on pace for its best day since Aug. 29. Wells Fargo’s trading desk said… Continue Reading…

Business

“Up Over 90% This Year, Will UiPath Stock Continue Rallying in 2024?”

“…UiPath is an unprofitable company; it incurred losses totaling $363.8 million over the trailing 12 months. But it is posting strong revenue growth, and with gross profit margins in excess of 80%, there’s hope that as sales rise, the bottom… Continue Reading…

Real Estate

“Mortgage rates have dropped below 7%”

“Mortgage rates continued to drop last week after hitting a 23-year high in October.  Between Dec. 1 and 7, rates for 30-year fixed-rate mortgages fell from an average of 7.05% to 6.95%, according to mortgage finance agency Freddie Mac. This marks the seventh straight… Continue Reading…

Business

“GM’s Cruise laying off 900 employees, or 24% of its workforce…”

“General Motors’ Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC. The layoffs, which primarily affected commercial operations and related corporate functions, are the latest turmoil for the… Continue Reading…

Economy, Personal Finance

“28% of Americans Think They’ll Be Stuck Having to Live Frugally in Retirement…”

“…As such, it’s not that surprising to learn that 28% of workers today think they’ll have no choice but to live frugally as retirees, according to data from Natixis…” https://finance.yahoo.com/news/28-americans-think-theyll-stuck-121800115.html Listen, if you are a millennial do not expect social security to… Continue Reading…

Economy

“99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says”

“…”It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” Kolanovic wrote, pointing to the growing signs of credit card and auto loan delinquencies, as well as Chapter 11 filings.… Continue Reading…

Business

“Johnson & Johnson forecasts as much as 6% sales growth in 2024”

“Johnson & Johnson on Tuesday forecast revenue growth of 5% to 6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara… The company expects full-year adjusted operational… Continue Reading…

Economy, Stocks

“Prepare for the S&P 500 to plunge 23% by mid-2024 – and the US economy to sink into recession, JPMorgan’s top charts guru says”

“…The stock market is mistakenly pricing in a “soft landing” for the US economy, where the Federal Reserve succeeds in crushing inflation without causing a recession, Jason Hunter told CNBC’s “Squawk Box” on Monday. But investors will soon realize the outlook is… Continue Reading…