Good MorningEquity markets are melting up on AI. The rise of AI has brought game-changing news from companies like NVIDIA, Advanced Micro Devices, Oracle, and Adobe and promises to be a theme of the Q2 reporting season. The biggest names in tech have still to report and, at the end of the cycle, another report from NVIDIA is due. The company was guided to a level 50% above the prior consensus and could easily raise guidance again. In that scenario, the uptrend in NVIDIA, AI stocks, and the broad market will likely continue.
The wall of worry is still in place. The Fed's last policy announcement was less than dovish and may result in 2 more interest rate hikes by the fall. In that scenario, economic pressure will continue to build and may result in more bank failures and declining consumer demand that puts a cap on the market. Featured: This tool shows when a stock is about to explode (or collapse) (Ad) 
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Shares of Mosaic (NYSE: MOS) have been on a steady downtrend since their peak price of $79.28 per share in April 2022. The decline had only accelerated with a more substantial fall lasting for the entire second quarter of 2023 when prices went from virtually $43 per share down to a low of $31.44 i... Read the Full Story |
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From Our Partners | | I made a mistake.
A mistake I feel very foolish about.
After speaking with Donald Trump and some of his advisors, I believed him.
I believed the promise that he would finally confront the single most dangerous threat to American life. That he would fix the ticking time bomb I’ve been warning about for 15 years.
But I was wrong. | | Let me show you exactly what we’re doing to prepare. |
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Shares of Nikola (NASDAQ: NKLA) soared over 150% last week, reaching a high of $1.83 per share, before pulling back and ending the week at $1.19, up 68%. After topping out at $93.99 in spectacular fashion in June 2020, the stock has been in a steady downtrend coming off 98%.
The stock traded clos... Read the Full Story |
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Computer peripherals and accessories manufacturer Logitech International SA (NASDAQ: LOGI) stock took a (10%) haircut on the sudden resignation of its CEO of 10 years. On June 13, 2023, Logitech CEO Bracken Darrel abruptly resigned after ten years. Board member Guy Gecht, member of the audit... Read the Full Story |
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After years working at the biggest accounting firms like Deloitte and KPMG, Joel Litman (who’s also a member of the Global CFA Institute) figured out a unique, less-risky way to grow rich in the stock market. Litman says you don’t need dozens of investments, overpriced advisers, or hedge funds. You just need these 3 stocks, which have helped Litman’s own mom earn 3,400%. | | Click here to view… |
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Stocks | | | Wall Street closed out its best week since March with a quiet finish on Friday, and stocks drifted to modest losses.The S&P 500 fell 16.25 points, or 0.4%, to 4,409.59 after wobbling through the day. It still closed out a fifth straight winning week for its longest such streak since November 202... Read the Full Story |
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A war is happening in the tech world, and Amazon (NASDAQ: AMZN) is not sitting idly by. The company commands 30% of the data-center market shares and faces increased competition from names like Microsoft (NASDAQ: MSFT), which continue to whittle away at the market.
The rise of AI has amped the ou... Read the Full Story |
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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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Markets | | | Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies Read the Full Story |
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Semiconductor giant Broadcom Co. (NASDAQ: AVGO) stock has rocketed 35% in the past month, fueled by the artificial intelligence (AI) mania. Broadcom is a significant benefactor from its customers' robust deployment of generative AI. While Broadcom doesn’t make AI chips like Nvidia Co. (NASDA... Read the Full Story |
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Markets | | | Days after the bipartisan deal on the debt limit became law, House Republicans proposed a slew of tax cuts, leading to charges of hypocrisy by Democrats in a squabble that shows clashing visions for the U.S. economy Read the Full Story |
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Markets | | | From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.Antonio Guterres says the International Monetary Fund ha... Read the Full Story |
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Markets | | | The head of the International Monetary Fund on Friday praised the European Central Bank's decision to raise interest rates for the eighth time in a row and its pledge to keep going as long as needed to bring down high inflation.Managing Director Kristalina Georgieva said the IMF welcomed both the EC... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
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