Pharma giant Eli Lilly (NYSE: LLY) has become an unstoppable stock to own lately. Year to date, its share price is up more than 50%. And despite trading at a hefty 130 times earnings, investors continue to buy up more shares of the company. Although it may seem like the stock is approaching a peak, […]
A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eiselle/Getty Images Goldman Sachs chief US equity strategist David Kostin says the S&P 500 could trade flat for the rest of the year. He told Bloomberg TV that the index has already reached Goldman’s year-end target of 5,200. The firm’s […]
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It’s only been three months since the start of 2024 but shares of Amazon (NASDAQ: AMZN) are already up almost 20% year to date. And with this upward move, the stock now sits within a few bucks of its all-time high. This might be surprising for some. But for those who follow Amazon, this was […]
Paramount Global (PARA) reported fourth quarter results on Wednesday that came in mixed as the company revealed full-year streaming losses peaked in 2022 while linear TV revenue continued to plummet. Paramount like other media companies has struggled amid a tough ad environment. Big tech companies have seen their businesses rebound while smaller players have not. […]
Fundstrat’s Tom Lee says the recent dip isn’t a concern.Cindy Ord/Getty Images It’s unlikely that the stock market hit its peak following the hotter-than-expected January CPI report, according to Fundstrat. The firm said there are too many bullish factors that suggest this is another buy-the-dip type of decline. Here’s when investors will really need to […]
The winter respiratory virus season may have hit its peak in California, with coronavirus levels in sewage and COVID-19 hospitalizations starting to decline following weeks of steady increases. Should the trend continue, 2023–24 would be the mildest winter of the COVID era in terms of severe illness — free of anything even approximating the devastating […]