Stocks

“Prediction: Nvidia’s Stock Correction Will Lead to Outsized Gains in the Second Half of 2024”

“…But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month. Nvidia shares recently traded as much as 13% below the closing record high set on June 18.… Continue Reading…

Stocks

“Vanguard Has Upped Its Bet on AMC Stock by 23% Since the End of Q1”

“Shares of AMC Entertainment (NYSE:AMC) stock are in the spotlight following a Schedule 13G update from Vanguard. As of the end of the first quarter, Vanguard owned 24.80 million shares of AMC stock. The investment services company revealed in a filing that it now owns 30.51 million… Continue Reading…

Business

“JPMorgan Hikes BYD’s Price Target by More Than 80% on Outlook”

“JPMorgan Chase & Co.’s analysts raised their price targets for BYD Co. by more than 80% on expectations the Chinese automaker will deliver 6 million vehicles globally in the next two years… BYD has focused on boosting international sales and… Continue Reading…

Business

“TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts”

“TSMC, the world’s largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications… Revenue in the April-June period of this year came in… Continue Reading…

Economy, Stocks

“The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says”

“…The stock market will crash 32% in 2025 as the Federal Reserve fails to prevent a recession, according to the most bearish strategist on Wall Street. Peter Berezin, chief global strategist at BCA Research, said in a recent note that a recession… Continue Reading…

Stocks

“Vanguard’s Top ETF Is Up 24% This Year. Here’s Another ETF Up Twice As Much.”

“…Most investors would probably be happy with these returns. However, those who want even bigger gains might want to check out the VanEck Semiconductor ETF (NASDAQ: SMH). This ETF has soared a whopping 48% year to date… This year’s big returns aren’t… Continue Reading…

Stocks

“Chewy shares fall nearly 7% as the boost from Roaring Kitty’s new stake diminishes” [UPDATED MON, JUL 1 2024]

“…The filing showed Roaring Kitty, whose legal name is Keith Gill, bought just over 9 million shares — amounting to a 6.6% stake in the company. That makes him the third-biggest Chewy shareholder, according to FactSet. Based on Friday’s close, that… Continue Reading…

Real Estate

“Real estate expert predicts huge changes in the housing market: ‘Things are really breaking down'”

“Veteran strategist Chris Vermeulen, of The Technical Traders, believes he is witnessing troubling signals in the market, noting how borrowing costs are expected to remain high for an extended period. Vermeulen notes how building numbers for single- and multi-family homes have… 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…