Yahoo Finance Apple Stock Is Close to Positive for Year. What Could Drive It Even Higher.
The catalyst looks to be increasing optimism around what might be announced at Apple’s Worldwide Developers Conference.
The catalyst looks to be increasing optimism around what might be announced at Apple’s Worldwide Developers Conference.
These three stocks have performed impressively this year, but could there be more upside for the remainder of 2024? The post Share Prices of These 3 Singapore Stocks Shot Up 36% or More Year-to-Date: Can Their Run Continue? appeared first on The Smart Investor.
Genting Singapore Limited ( SGX:G13 ), might not be a large cap stock, but it saw its share price hover around a small...
While Nvidia stands as the undisputed winner of the AI chip wars, it soon could have a rival.
Tesla's (TSLA) stock momentum seems to have stalled Friday morning after shareholders voted to approve CEO Elon Musk's pay packages — valued at nearly $46 billion — at the company's annual shareholder meeting on Thursday. Many analysts and Wall Street experts have shared new, incredibly bullish forecasts for the EV company, including Wedbush's Dan Ives — whose latest call sees Tesla's market cap reaching over $1 trillion in 2025 — and Ark Invest (ARKK) Founder, CEO, and CIO Cathie Wood, who believes the stock could reach $2,600 by 2029. However, not everyone shares this enthusiasm around Tesla and Elon Musk. Clean Energy Transition CEO and Portfolio Manager Per Lekander — a long-time Tesla short-seller — joins The Morning Brief to explain his $15 price target, likening Tesla to "the next Enron." "Let's not forget, that the stock is down 60% from all-time high at the same time as the market has gone up, 20, 25% in the meantime," Lekander says, citing Tesla's earnings and its year-to-date stock losses. "So the stock needs to go down. Once it goes down, it's going to go down more. And I think what drives it down is earnings. And I think we are very, very close to the turning point because so far it's been a slippery slope. They've sold cars poorly therefore they lowered the price, therefore earnings went down..." Lekander characterizes Musk as "missing... what's going on in the overall EV space" coming out of COVID-19 pandemic trends. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why. Is Elon Musk the right fit as Tesla's CEO? Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained
Micron Technology, Taiwan Semiconductor Manufacturing, Coherent, and Qualcomm have also done well this year.
Investors are eyeing political turmoil in France as uncertainty about rate cuts dogs the market.
We look at the latest software updates from a technology giant and the latest moves by the US central bank. The post Top Stock Market Highlights of the Week: Apple, US Federal Reserve and DBS Group appeared first on The Smart Investor.
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks 6th on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has […]
Elon Musk's pay deal — worth up to $56 billion -—has now been approved by Tesla shareholders. Yet investors and analysts Yahoo Finance spoke to are feeling mixed about the future of the electric car company.
Key Insights Meta Platforms' estimated fair value is US$561 based on 2 Stage Free Cash Flow to Equity With US$504 share...
Does Broadcom Inc. (AVGO) have what it takes to be a top stock pick for momentum investors? Let's find out.
The yen continues to get beaten, and the Bank of Japan has done little to change this path. Because of this, the market will continue to see a lot of noise, but almost all being upwards pressure. The pullbacks at this point in time will end up being a buying
NEW YORK (Reuters) -New York Attorney General Letitia James has recovered $50 million from the cryptocurrency platform Gemini Trust to repay investors defrauded in its Gemini Earn program, she said on Friday. Gemini, run by billionaire twin brothers Cameron and Tyler Winklevoss, will provide full recoveries to more than 230,000 Earn investors, including 29,000 in New York, and agreed to a ban on operating crypto lending programs in the state. The payout is in addition to James' related $2 billion settlement with crypto lender Genesis Global Capital, which she announced on May 20.
On today's episode of Good Buy or Goodbye, host Julie Hyman is joined by Threadneedle founder Ann Berry to discuss her top stock picks within the tech sector. Berry recommends Palo Alto Networks (PANW) as a buy, highlighting the company's strong positioning in the cybersecurity market. She notes that businesses are increasingly seeking to outsource their "cybersecurity solutions from one place," and Palo Alto's business model caters to this demand. Additionally, Berry emphasizes that the company has forged "big strategic relationships" and secured contracts with multiple prominent enterprises, such as United Healthcare (UNH) and IBM (IBM). Furthermore, Palo Alto boasts an impressive 37% free cash flow margin, which Berry believes could facilitate strategic acquisitions and fuel future growth. On the other hand, Berry names PayPal (PYPL) as a stock to avoid, citing concerns about the company's lack of an execution strategy. She argues that while PayPal "should be winning on gaining share," the new CEO has yet to implement or announce "a big, bold" strategy to drive growth and capture market share. Berry also notes that the company's go-to-market tactics, which were once a strategic advantage, have surprisingly underperformed. Consequently, she believes that without a clear turnaround plan or strategic vision, PayPal will continue to lose ground to competitors in the highly competitive digital payments space. This post was written by Angel Smith
China's central bank faces a looming test of its resolve to curb the financial stability risks it sees in a rallying bond market as it runs counter to its view of the economy by depicting a long-term outlook of soft growth and low inflation. The People's Bank of China, which has pledged to add treasury bond trading to its monetary policy toolkit, has issued repeated warnings against plummeting yields in long-dated government bonds, but has failed to reverse the trend. Pressure is growing on the PBOC to back statements with action - meaning it would be forced to end a 17-year absence from the bond market by selling.
Evan Tindell, the founder and chief investment officer of Bireme Capital, has approximately 40% of his assets invested in Japanese mid- to small-cap stocks. Tindell joins Catalysts to share his perspective on the opportunities within this market. Tindell advises investors to focus on the valuations of individual companies rather than solely relying on the actions of their respective central banks. This strategy has led him to identify "the biggest opportunity in Japan." Despite Japan's inflationary environment mirroring that of the United States, Tindell believes the Bank of Japan is "likely to normalize rates over a longer period of time." However, this doesn't change his outlook on the potential of Japanese stocks. As more Japanese companies shift their focus toward catering to shareholders, Tindell sees catalysts emerging in the form of share buybacks, dividend payments, and, eventually, the "opening up" of the market "for corporate control." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
City traders are selling off French bonds amid mounting fears of a debt crisis in Europe’s second-largest economy.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
U.S. bond market participants are worried market liquidity will keep deteriorating as the U.S. Treasury continues to issue large amounts of debt to back deficit spending while dealers struggle to keep up with the ballooning size of the market. U.S. government bond prices have fluctuated sharply since the Federal Reserve started hiking interest rates to tame inflation and the issue was discussed during several panels at the Fixed Income Leaders Summit event in Boston on June 13-14. Regulators and the Treasury itself have launched a slate of reforms to improve trading conditions and avoid disruptions in the world's biggest bond market, the bedrock of the global financial system.
Fred Alger Management, an investment management company, released its “Alger Mid Cap Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. U.S. equities experienced a robust rally in Q1, with the S&P Index finishing up 10.56%. The fund underperformed the Russell Midcap Growth Index in the quarter. Industrials […]