June 4, 2024
“Best Buy on Thursday missed Wall Street’s quarterly sales expectations but stressed higher profits and lower costs as softer demand for consumer electronics continues. Shares of the retailer gained 13% Thursday… Net sales dropped to $8.85 billion from $9.47 billion in… Continue Reading…
June 4, 2024
“Nvidia (NVDA) continues to skyrocket, surging last week above the 1,000 level for the first time last week. Its market cap raced past $2.5 trillion, less than a year after reaching the $1 trillion mark. Shares surged again on Tuesday. With… Continue Reading…
May 28, 2024
“Nvidia (NVDA) stock rose 9.3% on Thursday, closing above $1,000 for the first time and giving the chip giant a market cap north of $2.5 trillion after reporting first quarter earnings that once again blew away forecasts. Nvidia’s first quarter results, released… Continue Reading…
May 21, 2024
“…AI chips are the building blocks of the technology, so it’s hard to mention any long-term stock list without leading off with Nvidia (NASDAQ: NVDA). The company has between 80% and 90% of the AI chip market today…. …My pick for one of… Continue Reading…
May 21, 2024
“Meta Platforms: Implied downside of 24%… Nvidia: Implied downside of 31%… Tesla: Implied downside of 86%…” https://finance.yahoo.com/news/3-magnificent-seven-stocks-plunge-090600935.html This is not hard to predict. When the market crashes tech stocks will take a major hit. Personally I don’t like either Meta… Continue Reading…
May 20, 2024
“…Renaissance Technologies owned 1 million shares of the video-game retailer at the end of March, a position worth $13 million at the time, its first-quarter portfolio update shows. GameStop stock was up more than 400% at its Tuesday high, briefly valuing RenTech’s… Continue Reading…
May 20, 2024
“…The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all rallied Wednesday after the Labor Department reported inflation falling to a 3.4 percent annual rate in April after a 0.3 percent monthly increase in prices, according to the consumer… Continue Reading…
May 17, 2024
“SoFi TechnologiesSOFI2.32% shares have about 70% upside, according to Mizuho Securities analysts, who renewed their bullish outlook after meeting a top executive at the fintech…” https://www.barrons.com/articles/sofi-stock-upside-wall-street-61e40de7?siteid=yhoof2 I have to say I disagree. 70% increase? What’s his reasoning? The long term trend… Continue Reading…
May 17, 2024
“Shares of Virgin Galactic (NYSE: SPCE) stock soared 13.5% through 11:45 a.m. ET Monday, and for a most surprising reason: Investment bank TD Cowen lowered its price target on the space stock to $2 per share this morning. Now why would investors look at this… Continue Reading…
May 17, 2024
“And in 2024, it appears that meme stocks are rallying again. On Monday, GameStop’s share price soared by around 70% throughout the day and trading was paused multiple times due to volatility. On top of that, short sellers lost $1 billion due… Continue Reading…
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