The recent profit-taking in the Nasdaq-100 has been a cause for concern among investors, leading many to reduce their exposure to the “Mag 7.” This move has sparked concerns about further unwinding in the Nasdaq-100, which is closely tracked by the Invesco QQQ Trust ETF. The aftermath of the earnings reports from the “Magnificent Seven”
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Lamb Weston, a supplier of frozen potato and vegetable products, experienced a significant drop in its stock price, making it the worst-performing stock in the S & P 500 on Wednesday. The company reported a decline of more than 70% in fully diluted earnings per share compared to the previous year and provided an outlook
The recent tech sell-off witnessed in the market has sent shockwaves through the industry, with hedge fund manager Dan Niles sounding the alarm on the future of the tech trade. Niles, the founder of Niles Investment Management, expressed his concern over the market’s response to Google parent Alphabet’s quarterly results, citing it as a wake-up
Alphabet investors were taken by surprise as the search giant topped second-quarter earnings expectations, only to see its shares fall about 5% due to lower-than-expected YouTube advertising revenue. This change in revenue dynamics has prompted the company to highlight plans to boost capital expenditures, particularly in the realm of artificial intelligence (AI). Chief Financial Officer
NextEra Energy is exploring the possibility of restarting the Duane Arnold Energy Center, a nuclear plant based in Palo, Iowa. The plant, which ceased operations in 2020 after serving for 45 years, is being considered for reactivation due to the increasing demand for carbon-free energy. NextEra CEO John Ketchum highlighted the need for a comprehensive
As Microsoft gears up to report its earnings, the spotlight is on its ability to leverage the increasing demand for artificial intelligence and cloud computing services. With Alphabet’s impressive cloud revenue growth setting the stage, Microsoft’s prominent position in these sectors makes it an enticing prospect for investors looking to make a play on earnings.
In a market environment filled with challenges and uncertainties, Bank of America’s Savita Subramanian believes that investors may be neglecting a potential area of opportunity: “old school capex.” With the S & P 500 experiencing its worst week since April, investors are reevaluating their positions and seeking new avenues for growth. Subramanian remains cautiously optimistic
Ever since the dawn of stock markets, analysts and financial institutions have been making predictions about the performance of different companies. One such prediction that caught the attention of investors on Tuesday was HSBC’s upgrade of Krispy Kreme from hold to buy. The bank’s reasoning behind this upgrade was based on Krispy Kreme’s recent sale
When analyzing stocks during earnings season, it is crucial to pay close attention to how they react to their earnings reports. One key aspect to consider is the support and resistance levels, as they can indicate potential breakouts or breakdowns. Technical catalysts, such as the daily cloud model, provide valuable insights into the stock’s performance
Warren Buffett’s Berkshire Hathaway made a significant move by trimming its huge Bank of America holding for the first time in four and a half years. This decision comes after the bank’s strong performance in 2024. The Omaha-based conglomerate sold 33.9 million shares of Bank of America for nearly $1.5 billion in separate sales over