Although artificial intelligence (AI) is drawing a lot of attention, it can be argued that stock splits are the hottest trend on Wall Street right now. A stock split is a tool publicly traded companies can lean on to cosmetically alter their share price and outstanding share count by the same factor. I say “cosmetically,” […]
Semiconductor company Nvidia (NASDAQ: NVDA) completed a 10-for-1 stock split in June, and fellow chipmaker Broadcom (NASDAQ: AVGO) has a 10-for-1 stock split planned for July. Savvy investors have gravitated toward both stocks. A company’s share price tends to increase about twice as fast as the S&P 500 (SNPINDEX: ^GSPC) during the year following a […]
Amazon.com‘s plan to launch a discount shopping section would appeal to mainland Chinese suppliers with pricing flexibility, but competing with Temu and Shein in selling low-priced merchandise will not be easy, according to analysts. The US e-commerce giant told Chinese merchants in an invite-only meeting on Wednesday that this new online budget marketplace will feature […]
A resurgence in the popularity of stock splits has been front and center in 2024 as a number of high-profile stocks have taken the plunge. Companies will typically go down this path after years or even decades of robust operating and financial results have pushed the stock price out of reach of some investors. While […]
The S&P 500Â has advanced 15% year to date and 42% since the beginning of 2023. Those gains have made it difficult to find bargains in the stock market, but certain Wall Street analysts see plenty of upside in UiPath (NYSE: PATH) and Block (NYSE: SQ). Keith Weiss at Morgan Stanley has outlined a bull-case scenario […]
FILE – The defense chiefs from the Economic Community of West African States (ECOWAS) countries excluding Mali, Burkina Faso, Chad, Guinea and Niger, pose for a group photo during their extraordinary meeting in Accra, Ghana, Thursday, Aug. 17, 2023. Defense chiefs of West Africa on Thursday, June 27, 2024, proposed a $2.6 billion plan to […]
The S&P 500Â has advanced 14% in 2024. The index’s strong start to the year means it has become increasingly difficult to find reasonably priced stocks. But certain Wall Street analysts see Uber Technologies (NYSE: UBER) and Roku (NASDAQ: ROKU) as undervalued. Brian Nowak at Morgan Stanley has outlined a bull-case price target that puts Uber […]
BENGALURU (Reuters) – India has offered telecom spectrum worth around 962.38 billion rupees ($11.53 billion) for auction on Tuesday, it said in a release, even as analysts expect lacklustre participation from players as they shore up their existing spectrum. A total of 10 GHz of radiowaves is up for sale in this auction, ranging between […]
Recent drone footage shows a Russian soldier killing a wounded comrade in combat. Experts say the incident highlights violence and disregard among Russian forces. Similar past incidents suggest a deep-rooted issue with discipline and internal violence. Drone footage showing a Russian soldier shooting a comrade hurt in combat highlights the “brutal culture” of “callous” behavior […]
The Nasdaq Composite, which tracks the stock performance of the more than 3,000 stocks listed on the exchange, hit a new all-time high (again) this week. This marks the 19th time this year the benchmark has ascended to new heights (as of this writing) and its longest winning streak since late 2021. There’s likely much […]
We recently published a list Forget Magnificent 7: Analysts are Talking About ‘Big 10’ AI Stocks in 2024. Since NVIDIA Corp (NASDAQ:NVDA) ranks 4th in the list, it deserves a deeper look. When the AI revolution started with the launch of ChatGPT, investors started pouring money into a handful of companies that are leading AI technology […]
Bitcoin (CRYPTO: BTC) returned 150% over the past year, easily outpacing the U.S. stock market. But Bernstein analysts Gautam Chhugani and Mahika Sapra expect the cryptocurrency to move much higher in the next decade. Their price targets are listed below, along with the implied upside based on Bitcoin’s current price of $66,000. 2025: $200,000 (202% […]