AMC Entertainment said its box-office results are still suffering from the effects of last year’s Hollywood strikes but Wall Street analysts remain cautiously optimistic about the movie-theater stock. “A strong rebound coming in the second half of 2024,” she added, continuing to rate the stock at Hold, with a target of $4 for the price.
The Under Armour meltdown continues.
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
Over the past few years, Michael Burry has gained more media attention with his recession warnings and market crash “predictions” than he did for accurately foreseeing the 2008 financial crisis. But his persistent warnings about recession and market crashes never realized, denting his reputation as an expert and hedge fund manager. Were Michael Burry’s Recession […]
The Nasdaq hit a fresh record Monday as leading bourses mostly rose, while gold also scored a new all-time high as the shock death of Iranian President Ebrahim Raisi helped bolster the haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak. Spot gold rose 0.9% to $2,435.96 per ounce as of 2:26 p.m. ET (1826 GMT) after hitting a record high of $2,449.89 earlier in the session. Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarterly results on Wednesday. Investors will look for evidence in Nvidia's earnings that the AI chip leader can maintain its explosive growth and stay ahead of rivals.
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
Malaysia’s economy grew faster than initially estimated in the first quarter, driven by private spending and a rebound in exports.
Bitcoin and other cryptocurrencies were falling Monday, with the crypto sector’s momentum still highly dependent on flows into exchange-traded funds. The largest cryptocurrency hit a record high near $74,000 in mid-March amid a surge of interest from new spot Bitcoin exchange-traded funds (ETFs) but its price has dropped since then.
Mega-wealthy Japanese will contribute to a more than 30% surge in the value of assets they invest by the end of the decade as cash-heavy households deploy more in markets, according to an analysis by Morgan Stanley.
As of May 2024, the US stock market has shown robust performance with major indices nearing record highs, buoyed by optimistic economic indicators such as a cooling April CPI report which has fueled hopes for potential Federal Reserve interest rate cuts. In this context of economic optimism and potential shifts in monetary policy, dividend stocks may offer investors a blend of income generation and stability.
In this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to Outlier Ventures Research Lead Jasper De Maere who underscored the need for integrating blockchain technology with artificial intelligence (AI) applications to tackle prevalent issues of security, privacy, and centralisation. De Maere pointed out the vulnerabilities in the current state of the internet (web2), particularly concerning data privacy and security practices within AI. He advocated for the synergistic potential of combining blockchain and AI, envisioning a future internet in a better state. De Maere also delved into the challenges posed by AI-generated art and its impact on intellectual property (IP) rights. To address this, he proposed the use of blockchain as a transparent and immutable database for storing IP information, ensuring the integrity and authenticity of AI-generated content. Moreover, De Maere highlighted the role of blockchain in democratizing access to AI tools by decentralizing storage infrastructure, fostering equitable value extraction from data.
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.
British stocks represent a golden buying opportunity, HSBC has said.
As of May 2024, the Hong Kong market has shown resilience with the Hang Seng Index gaining 3.11%, reflecting a positive sentiment among investors despite broader global economic uncertainties. This backdrop creates an interesting scenario for dividend-seeking investors, as stable, high-yield stocks could be particularly appealing in such an environment where steady returns are prized amidst fluctuating markets.
Retirement comes with many expenses, including healthcare, long-term care, housing, food, transportation and entertainment -- to name a few. As someone in the middle class, if your goal is to maintain...
Gold is hitting record highs— bucking long held trends for the commodity. WSJ breaks down the factors behind its rally and why that’s bringing in a new class of investors. Illustration: Alexandra Larkin
The U.S. Securities and Exchange Commission (SEC) asked aspiring ether exchange-traded fund exchanges to update 19b-4 filings ahead of a key deadline this week. The SEC had previously been expected to reject the ether ETF filings, and while there's no guarantee of approval, the move suggests progress is being made. The exchanges that want to list and trade shares of spot ether {{ETH}} exchange-traded funds are abruptly being asked by regulators to update key filings related to these products.
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