During periods of heightened volatility and uncertainty, it’s not uncommon for professional and retail investors to gravitate to time-tested businesses that have handily outperformed Wall Street’s benchmark index, the S&P 500, over the long run. It’s why the collective FAANG stocks have been so popular over the last decade. But when the going has gotten […]
The biotech industry features many prominent companies that command plenty of attention on the market. And since the year started, few biotechs have made more noise than Viking Therapeutics (NASDAQ: VKTX), a mid-cap drugmaker. Viking focuses on developing medicines for metabolic diseases. The stock has more than tripled since early January thanks to a highly […]
FILE – Germany’s Maximilian Krah, of the German far-right Alternative for Germany party, grimaces during a session at the European Parliament in Strasbourg, France, Tuesday, April 23, 2024. Germany’s far-right Alternative for Germany party on Wednesday, May 22, 2024, banned Krah for next month’s European election from making any further public campaign appearances and said […]
(Bloomberg) — Technology stocks declined while the broader index treaded water, as ASML Holding NV reported orders well short of analyst expectations. Most Read from Bloomberg The Stoxx Europe 600 Index was broadly unchanged at the open, as a luxury stocks rally lifted by LVMH’s reassuring results was offset by ASML’s slump hitting tech peers. […]
They say the bigger they come, the harder they fall. That reckoning always comes eventually for meme stocks — and Trump Media & Technology Group appears to be no exception. Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high […]
Today marks a new era for the Dow Jones Industrial Average. Not only is the nearly 128-year-old index undergoing only its 52nd change with the addition of online retailer Amazon and the removal of pharmacy chain Walgreens Boots Alliance, but the Dow’s divisor (the figure that helps convert share price into Dow points) is changing […]
Artificial intelligence (AI) is almost like King Midas. Nearly everything it touches turns to gold. Just look at the stock charts of many of the leaders in AI chips and software. But just as the story of the fabled king took a turn for the worse, some of the stocks that have been gold mines […]
Since early last year, stocks related to artificial intelligence (AI) have risen considerably. Consequently, investors who bought these companies during the 2022 bear market have undoubtedly benefited from massive returns. However, some of these stocks have risen to elevated valuations. Unfortunately, such multiples have made these stocks risky to buy right now, despite considerable long-term […]
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Next week’s earnings report from chipmaker Nvidia could prove a gut check for one of the market’s hottest names, and for the artificial intelligence fever that has helped power gains for U.S. stocks in recent months. Excitement over the business potential of AI has […]
Biotech giant Vertex Pharmaceuticals (NASDAQ: VRTX) ended 2023 with an important regulatory approval. The company’s gene-editing therapy for a duo of blood-related disorders, Casgevy, earned the nod in several countries. This development capped off another excellent year for the drugmaker, one during which — as usual — it crushed the market. However, at least on […]
Over the long term, the S&P 500 has delivered an average annual return in the ballpark of 10%. When a given stock generates a return below that level it can be disappointing. That’s especially the case for growth stocks for which investors have great expectations. Such growth stocks led the charge last year, helping the […]
Investing on Wall Street has been akin to riding a roller coaster since this decade began. Over the past four years, the major stock indexes have oscillated between bear and bull markets on a couple of occasions. When volatility rules the roost on Wall Street, investors have a tendency to pile into time-tested outperformers. While […]