Walgreens, International Paper fall; McCormick, Apogee rise Thursday, 6/27/2024

Fortune
Nvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go, analyst says
Melius Research projects Nvidia will generate $270 billion in cash over the next three years, potentially setting the stage for huge shareholder returns.
Barrons.com
Alibaba Stock Has Languished While Tencent Has Soared. One Reason Why.
Shares in Tencent, like much of the rest of Chinese tech, have been slammed since Beijing began a crackdown on technology companies in late 2020.
Barrons.com
This Stock Is Beating Nvidia—and It’s Set to Climb Even More
Abercrombie & Fitch’s stock has smoked Nvidia’s in the past year. A strategic makeover under CEO Fran Horowitz is winning fans on Wall Street and Main.
Yahoo Finance
New inflation reading offers hope for Fed rate cuts later this year
The Fed got another positive signal that inflation is easing after running hotter-than-expected in the first quarter, but the central bank still likely needs more time before cuts can begin in 2024.
Simply Wall St.
Singapore Post Full Year 2024 Earnings: EPS Beats Expectations
Singapore Post ( SGX:S08 ) Full Year 2024 Results Key Financial Results Revenue: S$1.69b (down 9.9% from FY 2023). Net...
Insider Monkey
The Wealthiest Person in China
We recently compiled a report on the 30 Wealthiest People in China and in this article we will look at the richest person. An Analysis of the Chinese Economy On May 29, Reuters reported that China is seeing signs of economic recovery after a long period of sluggish economic growth. Consumer spending in China has […]
Simply Wall St.
Unveiling Three Stocks That May Be Trading Below Their Estimated Intrinsic Value
As global markets demonstrate resilience, with the S&P 500 reaching new highs and value stocks showing strength, investors may find opportunities in stocks that appear undervalued relative to their intrinsic worth. In this context, identifying stocks trading below their estimated intrinsic value could be particularly timely, offering potential for appreciation as market conditions evolve.
Moneywise
Kevin O'Leary explains why Wall Street is starting to come around on Donald Trump ahead of the US election
He also points out a “killer” issue lingering in America.
GOBankingRates
How Another Trump Presidency Might Affect Your Tech Stock Investments
Presidents often tout the stock market’s performance when it does well on their watch -- and remain quiet when it doesn’t. President Joe Biden did so when the S&P 500 hit a record high earlier this year, and ex-President Donald Trump regularly praised the stock market’s performance when he was in the White House.
The Smart Investor
Top Stock Market Highlights of the Week: Amazon, Hongkong Land and Valuetronics
An e-commerce behemoth hits a new market capitalisation milestone while a reputable property owner and developer carries a billion-dollar property revamp. The post Top Stock Market Highlights of the Week: Amazon, Hongkong Land and Valuetronics appeared first on The Smart Investor.
Simply Wall St.
Is Now The Time To Put Hotel Properties (SGX:H15) On Your Watchlist?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Simply Wall St.
Calculating The Intrinsic Value Of Microsoft Corporation (NASDAQ:MSFT)
Key Insights The projected fair value for Microsoft is US$415 based on 2 Stage Free Cash Flow to Equity Current share...
Barrons.com
How to Move Out of Cash Before Interest Rates Drop
An ultrashort bond strategy can achieve a higher return from a touch more interest-rate exposure, price appreciation and spread income.
Reuters
Nokia taps AI boom with $2.3 billion Infinera purchase
Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars in investment pouring into data centres to cater to the rise of artificial intelligence. The deal would help Nokia to leapfrog Ciena and become the second largest vendor in the optical networking market with a 20% share, behind Huawei, which is benefiting from the minimal presence of Western companies in China. Nokia's move will allow the company to sell more equipment to big tech companies such as Amazon, Alphabet and Microsoft as they invest billions of dollars in building new data centres to service the artificial intelligence boom.
Yahoo Finance
Stock market today: AI frenzy leads stocks to rip-roaring first half of 2024
Investors are watching for a cooling in the Fed-favored PCE print to boost rate-cut hopes as they assess Biden's faltering performance in the Trump debate.
Reuters
US inflation cools in May, boosting hopes of Fed rate cut
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing the Federal Reserve closer to start cutting interest rates later this year. The report from the Commerce Department on Friday also showed consumer spending rose marginally last month. Underlying prices advanced at the slowest pace in six months, raising optimism that the U.S. central bank could engineer a much-desired "soft landing" for the economy in which inflation cools without triggering a recession and a sharp rise in unemployment.
Barrons.com
Stocks Are Defecting to New York. Buy This S&P 500 Shoo-In and Antidote to Nvidia.
A paper and packaging company may not seem worth a second look in an era when hot technology names such as Nvidia streak skyward and growth stocks trounce value. Smurfit WestRock is set to begin trading in New York on July 8 as a paper powerhouse worth more than $20 billion, the creation of Ireland’s Smurfit Kappa buying U.S. WestRock for $11.15 billion in a merger announced last September. Smurfit Kappa revealed Thursday that the deal has cleared all regulatory hurdles, with the company’s delisting from Dublin and London set for the first week of July, before shares in the new company are issued to both Smurfit and WestRock investors.
GOBankingRates
5 Ways To Fight Inflation That Actually Work — And 5 That Don’t
If you've seen yourself paying a hefty bill at the grocery store or tried to fill your tank, only to get a fraction of what you once paid for, you've likely noticed that many of these costs have...
The Telegraph
How to shield your savings from a Labour tax raid
Savers must act now to protect their wealth from the Government – and a possible incoming Labour administration.
Reuters
Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
BEIJING (Reuters) -Apple's smartphone shipments in China rose nearly 40% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government showed on Friday. Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed. Although the data did not explicitly mention Apple, the company is the dominant foreign phone maker in China's smartphone-dominated market.

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Walgreens, International Paper fall; McCormick, Apogee rise Thursday, 6/27/2024

Latest stories

Nvidia will produce such a massive ‘cash gusher’ that it will have to buy back more stock because all that money has nowhere else to go, analyst says

Alibaba Stock Has Languished While Tencent Has Soared. One Reason Why.

This Stock Is Beating Nvidia—and It’s Set to Climb Even More

New inflation reading offers hope for Fed rate cuts later this year

Singapore Post Full Year 2024 Earnings: EPS Beats Expectations

The Wealthiest Person in China

Unveiling Three Stocks That May Be Trading Below Their Estimated Intrinsic Value

Kevin O'Leary explains why Wall Street is starting to come around on Donald Trump ahead of the US election

How Another Trump Presidency Might Affect Your Tech Stock Investments

Top Stock Market Highlights of the Week: Amazon, Hongkong Land and Valuetronics

Is Now The Time To Put Hotel Properties (SGX:H15) On Your Watchlist?

Calculating The Intrinsic Value Of Microsoft Corporation (NASDAQ:MSFT)

How to Move Out of Cash Before Interest Rates Drop

Nokia taps AI boom with $2.3 billion Infinera purchase

Stock market today: AI frenzy leads stocks to rip-roaring first half of 2024

US inflation cools in May, boosting hopes of Fed rate cut

Stocks Are Defecting to New York. Buy This S&P 500 Shoo-In and Antidote to Nvidia.

5 Ways To Fight Inflation That Actually Work — And 5 That Don’t

How to shield your savings from a Labour tax raid

Apple's iPhone shipments in China surge 40% in May amid aggressive discounting