In recent days, the Nasdaq-100 has experienced significant profit taking as numerous investors have decided to reduce their exposure to what is known as the “Magnificent Seven.” This trend has led to a decrease in the value of the Nasdaq-100, which is closely followed by the Invesco QQQ Trust ETF. As we navigate through the
Investing
Lamb Weston, a supplier of frozen potato and vegetable products, faced a significant setback as their stock plummeted following disappointing quarterly results. The company reported a drastic decline in fully diluted earnings per share, which fell more than 70% from the previous year. Additionally, their outlook for the upcoming fiscal year missed the mark, causing
The recent tech sell-off has left many investors concerned about the future of the sector. Hedge fund manager Dan Niles has pointed to Google parent Alphabet’s quarterly results as a clear indicator of trouble ahead. The market’s response to these results, with shares tumbling 5% on Wednesday, has raised red flags for Niles. He believes
As the demand for carbon-free energy continues to rise in the United States, NextEra Energy is contemplating the restart of the Duane Arnold Energy Center in Iowa. The plant, which ceased operations in 2020 after 45 years of service, is under review by NextEra CEO John Ketchum. He emphasized the need for a thorough assessment
Alphabet investors recently experienced some volatility as the company reported lower-than-expected YouTube advertising revenue, causing shares to fall about 5%. In response, Alphabet plans to boost capital expenditures to meet rising artificial intelligence demand, with Chief Financial Officer Ruth Porat announcing a $12 billion quarterly investment in AI. CEO Sundar Pichai emphasized the importance of
As Microsoft prepares to release its earnings report next week, the company stands in a favorable position to benefit from the increasing demand for artificial intelligence and cloud computing services. This optimism is reinforced by the recent growth in cloud revenue reported by Alphabet, setting a positive tone for Microsoft’s upcoming performance. Amidst a recent
In a recent statement, Bank of America’s Savita Subramanian pointed out that investors are currently overlooking a promising area of the market: “old school capex” stocks. This comes at a time when investors are facing what seems to be a more challenging market environment. The S & P 500 experienced its worst week since April
On Tuesday, HSBC made a bold move by upgrading Krispy Kreme, the popular doughnut maker, to a buy rating from hold. The bank maintained its target price of $14, suggesting a potential upside of over 30% from the previous day’s closing price. Despite Krispy Kreme’s stock being down by 29% since the beginning of the
Berkshire Hathaway, the conglomerate led by Warren Buffett, made headlines recently for selling a portion of its Bank of America shares. This move marked the first time in four and a half years that the company had decided to reduce its stake in the bank. The decision to sell 33.9 million shares for almost $1.5
When analyzing stocks during earnings season, it is crucial to pay attention to how they respond to their reports. One of the key factors to consider is the support and resistance levels, as they can indicate potential breakouts or breakdowns. In the case of health care services stock IQVIA Holdings (IQV), the recent earnings report