Is Reddit Stock A Buy After Hitting New Lows?
Social media platform Reddit soared more than 120% from its IPO price. Following the IPO, is Reddit stock a buy in today's market?
Social media platform Reddit soared more than 120% from its IPO price. Following the IPO, is Reddit stock a buy in today's market?
As the Singapore market continues to navigate through global economic challenges, including inflation and interest rate adjustments, investors are increasingly looking for stable returns. Dividend stocks, known for their potential to provide regular income, become particularly appealing in such uncertain times.
Palantir, a data analytics software company, continued to gain traction with its artificial-intelligence tools in the quarter ended in March. Palantir shares, which rallied 8.1% in Monday’s regular session, fell more than 15% on Tuesday. Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers.
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Former Starbucks CEO Howard Schultz urged his successors to get back to basics as the company sees falling sales. Schultz said in a LinkedIn post that leaders should focus on spending time in stores and on providing good coffee rather than other management strategies. “At any company that misses badly, there must be contrition and…
Citi analyst Atif Malik is advising investors to buy Apple shares in advance of the company’s Worldwide Developers Conference, which starts on June 10. The event is expected to feature a rollout of the company’s strategy for artificial intelligence software. CEO Tim Cook provided some hints about what is coming on a conference call to discuss Apple’s earnings last week.
Results from Disney took center stage as the media giant posted the first profit for a key part of its streaming business.
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
SINGAPORE (Reuters) -Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion. Shell said Malaysia is important to the company. Saudi Aramco declined to comment on Monday.
'There has been a shift in thinking by the government that this is not just an SGX problem'
It's good practice for investors to think beyond the "Magnificent Seven" stocks, the CEOs of Apollo and Avenue Capital Group said.
Gold prices climbed more than 1% on Monday, as the U.S. dollar weakened after softer-than-expected U.S. jobs data fueled expectations of potential interest rate cuts by the Federal Reserve later this year. Spot gold rose 1% to $2,324.94 per ounce by 2:00 p.m. ET (1800 GMT). "The downside that we've seen over the last few weeks might actually be running out of steam, opening (the) door for gold prices to resume their upward trajectory," said Daniel Ghali, commodity strategist at TD Securities.
Toyota Motor is expected to get a big lift from demand for hybrids when it reports annual earnings on Wednesday, illustrating how the world's top-selling automaker is poised to benefit as hype around battery electric vehicles cools. But the forecast record results, to be helped in part by a boost from the weak yen currency, belie the considerable challenges it faces in critical markets. In China it is pressured by a ferocious price war and in the U.S., the fallout from consumers grappling with higher borrowing costs.
GlobalFoundries stock was jumping after the company reported earnings that easily topped both management’s guidance and the Wall Street consensus forecast. GlobalFoundries, a contract chip manufacturer that makes a large number of lower-cost parts for semiconductor companies, posted sales for the quarter of $1.55 billion, down 16% from a year earlier, but ahead of the Street consensus expectation of $1.52 billion. Global Foundries shares were up about 9% on the news.
Asian stocks rose on Monday on renewed bets that the Federal Reserve would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention. Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break. MSCI's broadest index of Asia-Pacific shares outside Japan edged more than 0.5% higher, while China's blue-chip index gained 1.4%.
Amid a buoyant U.S. stock market, bolstered by robust first-quarter earnings and the anticipation of interest rate cuts, investors are keenly observing various factors that could influence their investment decisions. In this context, growth companies with high insider ownership and significant revenue growth present an interesting opportunity for those looking to align with the confidence insiders are showing in their own companies.
Advanced Micro Devices, Inc (NASDAQ:AMD) is strategically preparing to address the growing demand for AI computing by leveraging its extensive product range. CTO Mark Papermaster emphasized AMD’s robust portfolio of compute engines, strong relationships with customers across diverse markets, and open software capabilities. He reflected on AMD’s 55-year history, highlighting its shift to a modular IP portfolio unified by a comprehensive AI software stack, which will enable the company to adapt mo
Hotel G is undergoing rebranding and asset enhancements measures after it was acquired in January for $180 million. (Picture: Samuel Isaac Chua / EdgeProp Singapore)Inflows of foreign investment accounted for 45.6% of real estate investment value in Singapore for 1Q2024, according to a report by Knight Frank. Institutional investors injected a total $1.226 billion of investment into Singapore last quarter.This is the highest proportion of incoming cross-border investment compared to other Asia P
Baird’s Tristan Gerra raised his call on the chip stock to Outperform, the equivalent of Buy, from Neutral.