Equity markets reversed course on Tuesday, erasing Monday’s gains and more. The move is driven primarily by profit-taking, with shares of tech giants like NVIDIA leading the decline. NVIDIA, scheduled to report earnings later this month, fell more than 5% at the session’s low, confirming resistance at the all-time high and ending a rally that added 30% to the share price.
The S&P 500 may continue to fall this week. The market is expecting solid results from names like Netflix later in the week and may have priced in the strength, and there is risk in the retail sales report. Retail sales are expected to accelerate from the prior month, which is a good-news-is-bad-news scenario. Strong retail sales would indicate lingering economic strength that can keep inflation running hot and the FOMC from cutting rates as aggressively as initially indicated.
Now that the new earnings season has kicked off, investors would benefit from watchingâand breaking downâwhat the earnings for some of the countryâs biggest banks have to say about the rest of the economy and the stock market. The best way to gauge this is through the financial s…
He turned PayPal from a tiny, off-the-radar startup⌠to a massive $64 billion giant. Then, he did it again with Tesla⌠which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000! And now, Elon could be set to do it for the third and final time⌠with what might be his biggest breakthrough yet. And for the first time ever, you have the rare chance to profit BEFORE the upcoming IPO.
Markets in Europe and Asia were mostly lower on Wednesday after U.S. stocks pulled back from their records, dented by selling of technology and energy sector shares. Britain’s FTSE 100 advanced 0.6% to 8,299.96 after the government reported that inflation in the U.K. fell to 1.7% in September, its l…
NVIDIA Corp. (NASDAQ: NVDA) closed at a 52-week high on October 14. This continues an impressive run for the stock which is up 177% in 2024 and 202% in the last 12 months, massively outperforming other technology stocks. The companyâs market capitalization also jumped $519 billion in the nin…
Some of the smartest investors in the resource industry – the “Kings of Billion-Dollar Mines” – have identified their next big opportunity. Led by two brothers with deep roots in mining, theyâve found themselves in one of the richest gold regions in America. This team has a track record of success and they believe this company is next in line for massive growth.
Advanced Micro Devices (NASDAQ: AMD) is gaining traction with AI. NVIDIA (NASDAQ: NVDA) remains the leader because of its first-mover advantage, but there are other significant players, and AMD is the leader. While NVIDIA commands an estimated 95% of the AI data center market, AMD carries most o…
Lithium stocks are getting interest again, driven by acquisitions and the entry of a major miner into the industry. On October 9, 2024, the world’s second-largest mining company in the basic materials sector, Rio Tinto Group (NYSE: RIO), announced it would be acquiring Arcadium Lithium plc (NYSE: …
After dropping to their lowest level in two years following the Federal Reserve’s September rate cut announcement, 30-year fixed-rate mortgages have climbed higher once again. Nonetheless, the environment is looking more favorable for homebuilding companies, as buyers are incentivized to make offe…
Italyâs far-right government has approved a budget for next year of about 30 billion euros ($33 billion), which officials say will be partly funded by a levy on Italian banks and insurers.Prime Minister Giorgia Meloni said late Tuesday that the government expected to raise some 3.5 billion euros fro…
United Airlines on Tuesday reported that its third-quarter profit fell 15% from a year ago but revenue trends improved thanks to low-fare carriers scaling back their growth plans for the rest of the year.The Chicago-based airlineâs directors, meanwhile, approved up to $1.5 billion to buy back shares…
Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting
The world is set to make abundant energy by the second half of the decade as the production of batteries and solar panels surges but there’ll also be an excess of planet-warming fossil fuels, according to a report released Wednesday by the International Energy Agency.âWeâre now moving at speed into …
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-…
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