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Stocks

“Billionaires Are Selling Nvidia Stock and Buying an Index Fund That Could Soar 43%, According to a Wall Street Analyst”

“…The hedge fund managers listed below (all of whom are billionaires) sold Nvidia stock in the second quarter while buying shares of the iShares Russell 2000 ETF (NYSEMKT: IWM), an index fund that tracks the small-cap Russell 2000… …Ken Griffin and David Shaw… Continue Reading…

Stocks

“This Semiconductor Stock Has Jumped 48% in 2024, and Artificial Intelligence (AI) Could Help It Soar Further”

“ Share prices of Cirrus Logic (NASDAQ: CRUS) have been in fine form so far in 2024, clocking gains of 48% as Wall Street turns bullish on the chipmaker’s prospects. The market is excited about a turnaround in the smartphone market, its solid… Continue Reading…

Stocks

“3 Stocks That Have Soared 179% or More in 2024 and Could Go Even Higher, According to Wall Street”

“…1. Summit Therapeutics Summit Therapeutics (NASDAQ: SMMT) is sizzling hot this year, with its shares skyrocketing around 220%. All of this huge gain has come since late May… 2. Super Micro Computer Shares of Super Micro Computer (NASDAQ: SMCI) have nearly tripled so far in… Continue Reading…

Business

“How Roaring Kitty’s wealth went from $53,000 to nearly $300 million — and could one day top $1 billion”

“Almost five years ago, GameStop champion Keith Gill revealed a $53,000 bet in his favorite video game retailer. This week, Gill’s net worth is over $289 million. The meme stock leader, who can move the stock by simply posting cryptic messages online, shared… Continue Reading…

Business, Economy

“Generative AI Sales Could Surge 2,026%: Here’s My Pick for the Best AI Stock to Buy Now (Hint: Not Nvidia)”

“…Bloomberg Intelligence says generative AI sales across hardware, software, and services could soar 2,026% to $1.4 trillion by 2032. That puts investors in front of a once-in-a-generation opportunity… Alphabet shares trade at a reasonable valuation Going forward, digital ad spending… Continue Reading…

Economy, Stocks

“The S&P 500 could plunge as much as 70% this cycle as markets hit a ‘motherlode’ of FOMO extremes, famed fund manager says”

“…All-time highs in the stock market give the impression of a runaway rally, but it’s a bull run that will eventually come crashing down, John Hussman said in a new note. The legendary bear, famed for predicting the 2000 and 2008… Continue Reading…

Economy

“Retail sales rose sharply in the first quarter — and could boost U.S. GDP”

“The numbers: Sales at retailers rose a robust 0.7% in March and outlays in the prior month were also stronger than previously reported, indicating the economy got a boost from consumer spending in the first quarter. Economists polled by The… Continue Reading…

Business, Economy

“New EPA limits on ‘forever chemicals’ in drinking water could cost $1.5 billion per year to implement”

“… …” https://www.cnbc.com/2024/04/10/forever-chemical-pfas-pfos-regulation-to-cost-1point5-billion-annually-.html This is one time the cost is worth it. The alternative is cancer causing chemicals. No thanks.

Cryptocurrencies

“Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says”

“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving. “Given that… Continue Reading…