It’s been a tough week for chip stocks. On Monday, Nvidia had warned its revenues would be well below its guidance as gaming revenue slowed. Then Micron cut its current-quarter revenue and warned of negative free cash flow for the quarter as customer inventories pile up amid weakening demand for chips used in PCs and smartphones. Micron (MU) shares
In July 2022, the Consumer Price Index for all Urban Consumers (CPI-U) was unchanged on a seasonally adjusted basis, after a 1.3% rise June. However, the all items index has risen by 8.5% during the past 12 months. In June, the year over year (YOY) increase was 9.1%. The gasoline index fell by 7.7% percent
What Is a Currency War? A currency war is an escalation of deliberate currency devaluation policies among two or more nations, each of which is trying to stimulate its own economy. Currency prices fluctuate constantly in the foreign exchange market. However, a currency war is marked by a number of nations simultaneously engaged in policy
In this article WYNN RBLX TWTR BZFD COIN WEN Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading following a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-restaurant sales rose 2.3%, less than analysts
Growth stocks have been crushed amid the bear market. However, the bear market began long before most investors realize. While the S&P 500 and other major indices didn’t suffer major corrections until January 2022, overrated growth stocks began their correction about a year earlier. It’s interesting, as there was a large divide in growth stocks.
Along with the broad market correction, auto stocks have declined in 2022. The S&P 500 Automobile Manufacturers Sub Industry Index has corrected by more than 20% during this period. This correction presents a good opportunity to accumulate some undervalued auto stocks. The industry faces near-term headwinds that include inflation and a possible recession. Supply chain
With big names continuing to struggle, there are discount stocks to buy out there that may not stay this cheap for much longer. The stock market is rife with opportunity currently. That opportunity is a product of fear that continues to grip the markets. Remember, there are two sides to every story. So, rather than
Lucid Group (NASDAQ:LCID) stock hasn’t had a great week. The company recently released its second-quarter 2022 financial and operational results and investors weren’t thrilled. Lucid CEO Peter Rawlinson openly acknowledged issues related to logistics and supply chains. s a result of these challenges, Lucid has slashed its vehicle production goal in half. Traders started bailing and more share-price
Celsius Holdings (NASDAQ:CELH) stock is getting a whole lot of attention due to a recently-announced agreement with PepsiCo (NASDAQ:PEP). Reportedly, PepsiCo will be the preferred distribution partner globally for Celsius. Moreover, PepsiCo is making a $550 investment in preferred shares of Celsius. This, as you might imagine, adds up to an overwhelmingly bullish case in
The incredible healing properties of psychedelics are being discovered with every passing day. Their potential is massive and can flip the script for those struggling with mental health disorders. Moreover, the market opportunity is huge, which makes it imperative for investors to wager on the best psychedelic stocks. According to research firm factmr.com, the global
In this photo illustration, the Coinbase logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Check out the companies making headlines in after hours trading. Coinbase – Coinbase fell more than 3.5% in afterhours trading after reporting quarterly earnings. The company missed analyst expectations on both revenue
Dividend Kings are an elite group of income stocks that have increased their dividends every year for at least 50 years. They’re highly regarded for their consistent payouts, which improve their total returns in any market conditions. However, Dividend Kings may be especially attractive now as investors look to protect their portfolios against inflation. As inflationary
Key Takeaways Coinbase’s quarterly trading volume came in below analyst predictions. Trading volume is a prime driver of revenue for the company through transaction fees. It also signals the overall strength of the cryptocurrency market. The company’s loss per share was significantly wider than analysts had predicted. Source: Predictions based on analysts’ consensus from Visible Alpha
The consumer staples sector is composed of companies that produce and sell items considered essential for everyday use. Consumer staples products include household goods, food, beverages, hygiene products, and other items that individuals are either unwilling or unable to eliminate from their budgets even in times of financial trouble. As a result, these companies are viewed as
Cryptocurrency mixing service, Tornado Cash, has been blacklisted in the United States. However, this isn’t the first time when the U.S. has imposed a ban on a company. The following companies have also been slapped by the authorities. Key Takeaways The U.S. authorities have blacklisted crypto mixing service Tornado Cash. Tornado Cash lets users make
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Inflation may finally be cooling, thanks to falling gasoline prices and fading supply chain issues. Economists expect July’s consumer price index rose 0.2%, down from 1.3% in June, according to Dow Jones. Year-over-year, the
The search for multibagger high-growth stocks is still on, despite what has been a rough year for this grouping in 2022. Indeed, investors have gravitated toward value, rotating out of higher-growth equities at a rapid clip. This rotation appears to still be underway, with many companies in the higher-valuation camp seeing continued selling pressure. For
Most of the largest banks in the United States have a long history and managed to stick around since their early days. In fact, each of the four biggest banks by market capitalization is more than a century old. Wells Fargo (WFC) was founded in 1852, and Citigroup (C) in 1812. JPMorgan Chase (JPM) traces its origins
72 The latest reading of the New York City Recovery Index out of a possible score of 100. New York City’s economic recovery index experienced a slight increase the week of Sept. 18, rising from an overall score of 71 to 72 after falling by as much as six points the week before. A partial
Source: InvestorPlace [Editor’s note: “The ‘Fave Five’ Space Stocks to Buy on the Dip” was previously published in March 2021. It has since been updated to include the most relevant information available.] This year, until recently, Treasury yields were rising. Stocks were falling, and hypergrowth stocks with rich valuations were getting the worst of it.