Straits Times Index
3,439.88 +24.37 (+0.71%) S&P 500
5,537.02 +28.01 (+0.51%) Dow
39,308.00 -23.90 (-0.06%) Nasdaq
18,188.30 +159.54 (+0.88%) Bitcoin USD
58,267.43 -2,157.49 (-3.57%) CMC Crypto 200
1,210.97 -50.21 (-3.98%)
GOOGL Jul 2024 155.000 put
- Yahoo Finance Video
Market highs, American Giant CEO, smartphones: Market Domination Overtime
The Fourth of July holiday is nearly here as Seana Smith and Josh Lipton break down Wednesday's market close (^DJI, ^IXIC, ^GSPC) in the shortened trading session. The S&P 500 and Nasdaq Composite accelerate into new record highs, just after the S&P 500 broke through 5,500 in yesterday's session. American Giant founder and CEO Bayard Winthrop joins the program to talk about the apparel brand's partnership with Walmart (WMT) as it seeks to cut clothing prices for consumers amid expensive fast fashion trends. Market Domination Overtime is joined by Yahoo Finance tech editor Dan Howley to discuss the tightening AI smartphone race between tech companies Samsung (005930.KS), Alphabet (GOOG, GOOGL), and Apple (AAPL). Yahoo Finance personal finance writer Rebecca Chen covers US mortgage rate's slow ascent for the first week since May. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Why software stocks have 'legs,' upside potential: Strategist
Software stocks are gaining attention as investors identify potential market upside. Victor Cossel, Seaport Research Partners senior macro and equity strategist, joins Market Domination to offer guidance on navigating this sector. Cossel reflects on the sector's journey, noting that software stocks faced negative sentiment early in the year. Many investors believed that "AI would disintermediate" numerous companies in this space. However, Cossel argues that this sentiment has been "overdone," pointing to the continued strong performance of industry leaders like Salesforce (CRM) and Adobe (ADBE). Turning to market dynamics, Cossel highlights emerging trends: "We're seeing a lot of familiar reversal patterns in software stocks." He adds, "It's the reversal formation that really caught our attention. The prior consolidation that... springboards to the upside." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Insider Monkey
Alphabet (GOOG) Led the Communication Sector Gains in the S&P Index
ClearBridge Investments, an investment management company, released its “ClearBridge Dividend Strategy” second quarter 2024 investor letter. A copy of the same can be downloaded here. In the second quarter, the S&P 500 Index increased 4.3%, for a half-year gain of 15.3%. The performance for the quarter was almost entirely driven by the information technology (or “IT”) […]
