Nvidia (NVDA), one of the Magnificent Seven stocks, and digital audio streaming leader Spotify (SPOT) head this weekend’s watchlist of stocks near buy points. In addition to NVDA and SPOT stocks, the list includes weight-loss drug pacesetter Novo Nordisk (NVO), cosmetics brand ELF Beauty (ELF) and energy drink maker Celsius Holdings (CELH). X The IBD […]
(Bloomberg) — Soaring rents and cheap funding made blocks of US rental apartments seem like a “can’t miss” investment during the pandemic. Developers piled in to take advantage by constructing millions of the multifamily units, while investors snapped up older complexes to renovate them. Most Read from Bloomberg Since then, borrowing costs have surged, and […]
Should you make 401(k) or Roth IRA contributions? In a perfect world, the answer would be both. If you have the means, maximizing your traditional 401(k) and Roth contributions is a great way to build a diversified set of retirement savings. But, of course, your paycheck gets a vote. So, if you have to choose, […]
Dutch Bros (NYSE: BROS) stock appears to have started off its life as a public company on the wrong foot. It sells today at a 68% discount to the all-time high it set soon after it went public in the fall of 2021 Still, even as investors were bidding down the stock, Dutch Bros was […]
By Tom Hals WILMINGTON, Delaware (Reuters) – An unusual, billion-dollar trial between Warren Buffett’s Berkshire Hathaway and the billionaire Haslam family was canceled by the court on Saturday, two days before it was scheduled to start. “This confirms that the trial scheduled in this matter for January 8 and 9, 2024 is hereby canceled and […]
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market rally got off to a rough start in 2024, with the major indexes snapping nine-week losing streaks. But the S&P 500 and many leading stocks found support late in the week. Some stocks flashed buy signals. Those […]
Many tech stocks went up during 2023 thanks to the rise of artificial intelligence (AI). Among them was Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which uses AI across a number of products, including its ubiquitous Google search engine. Alphabet’s fortunes switched from its stock hitting a 52-week low of $84.86 last January, to a 52-week high of […]
(Bloomberg) — A natural gas terminal that’s been operating for more than half a century has been a crucial safeguard against blackouts when bone-chilling cold hits the US Northeast. In less than five months, it’s slated to shut forever. Most Read from Bloomberg The Everett gas import plant near Boston is at risk of closing […]
What a difference a year makes. After the Nasdaq Composite shed 33% of its value in 2022 — one of the worst market performances in over a decade — the index has nearly returned to its former glory, closing the door on 2023 with a gain of 43%. History offers a hint about what could […]
The S&P 500 finished 2023 in spectacular fashion. The index notched nine consecutive weekly increases, its longest win streak since 2004. In total, the S&P 500 soared 24% last year as market sentiment improved amid signs of economic resilience. Four sectors were primarily responsible for driving the market higher. The technology sector gained 56% and […]
Artificial intelligence (AI) took the world by storm last year and has investors pumped up for how it can change everything. OpenAI’s ChatGPT (owned by Microsoft) and Google’s Bard (owned by Alphabet) were released almost a year ago and provided an early glimpse of how AI can shape the future. Wedbush analyst Dan Ives has […]
By Ann Saphir (Reuters) – Federal Reserve Bank of Dallas President Lorie Logan on Saturday warned that the U.S. central bank may need to resume raising its short-term policy rate to keep a recent decline in long-term bond yields from rekindling inflation. “If we don’t maintain sufficiently tight financial conditions, there is a risk that […]