Earnings Results Broadcom Stock Shows Volatility As Analysts Question Ai S More Than 25 Boost to Chip Revenue
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CarMax’s stock drops 9% after it misses analyst estimates for net income and revenue
CarMax cited economic uncertainty as it extends its long-term sales target of 2 million units a year.MarketWatch - Business -
Charles Schwab’s stock turns higher after earnings beat, signs of ‘green shoots’
Asset-management revenue beats expectations, but trading revenue and deposit account fees miss.MarketWatch - Business -
U.S. Stocks Slide On Tech Weakness
U.S. stocks fell again as investors don’t expect a rate cut from the Fed anytime soon.The Wall Street Journal - World -
Is Amazon’s stock a better bet than Nvidia’s? This analyst makes the case.
Amazon can be a play on the AI chip craze alongside the more obvious players, and that’s one reason a D.A. Davidson analyst thinks it has upside.MarketWatch - Business -
TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.CNBC - Business -
Intel’s stock stems its bleeding upon launch of new AI chip
The chip maker’s shares are on track to snap a five-session losing streak.MarketWatch - Business -
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results
Citigroup posted first-quarter revenue that topped estimates, helped by better-than-expected results in the bank's investment banking and trading operations.CNBC - Business -
Tesla’s ‘self-inflicted’ woes make this analyst feel more cautious about the stock
Tesla is dealing with a host of challenges — some of its own making — and that could keep its stock at bay, according to a Jefferies analyst.MarketWatch - Business -
Tech stocks rallied, helping to boost the S&P 500 by 0.7%, while the Nasdaq gained 1.7% to close at a record. The Dow was little changed.
Tech stocks rallied, helping to boost the S&P 500 by 0.7%, while the Nasdaq gained 1.7% to close at a record. The Dow was little changed.The Wall Street Journal - World -
Nvidia’s stock has had a killer run. Why it’s still Morgan Stanley’s top AI-chip pick.
Nvidia’s $2.2 trillion market cap, once seen as “unfathomable,” could head even higher, according to Morgan Stanley.MarketWatch - Business -
Louis Vuitton Owner LVMH Posts Lower Revenue Amid Luxury Slowdown
Revenue for the first three months of the year came in at €20.69 billion, down 2%.The Wall Street Journal - World -
If You Manage Salaried Exempt Employees Earning Less Than $55,068 a Year, Your Life Is About to Become More Complicated
The proposed Department of Labor Rule will increase the number of employees eligible for overtime. Your employees may not like it.Inc. - Business -
United Airlines jumps more than 13% on strong earnings forecast, cuts 2024 fleet plan on Boeing delays
United expects to receive fewer aircraft this year and is planning to add leased Airbus A321neos.CNBC - Business -
UnitedHealth's shares staged a relief rally, jumping more than 5% after the healthcare giant delivered better-than-expected first-quarter adjusted earnings.
UnitedHealth’s shares staged a relief rally, jumping more than 5% after the healthcare giant delivered better-than-expected first-quarter adjusted earnings.The Wall Street Journal - World -
Trump Media closes down more than 18% after filing plans to issue more DJT stock
Donald Trump is the majority shareholder in Trump Media, which owns the Truth Social app. DJT shares fell 20% last week ahead of his New York hush money trial.CNBC - Business - Donald Trump -
Morgan Stanley Earnings Rise on Higher Investment Banking Revenue
The company’s profit rose 14%, as investment banking received a boost from stronger equity and debt underwriting. Shares rose 2.7% premarket.The Wall Street Journal - World -
The S&P 500's recent slump feels worse than it is. Here's some market perspective
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - Business -
ASML's Weak Orders Show Chip Makers' Caution
Chip makers aren’t rushing to prepare for the next wave of growth, based on a first-quarter update from lithography giant ASML. Its shares fell in Europe.The Wall Street Journal - World -
Delta’s results are further proof that the carrier is a winner, say analysts
Delta is showing strength in a capacity-constrained environment, according to Melius Research.MarketWatch - Business -
U.S. stocks ended mixed as investors looked ahead to fresh inflation data. The S&P 500 and Nasdaq gained 0.1% and 0.3%, respectively, while the Dow fell less than 0.1%.
U.S. stocks ended mixed as investors looked ahead to fresh inflation data. The S&P 500 and Nasdaq gained 0.1% and 0.3%, respectively, while the Dow fell less than 0.1%.The Wall Street Journal - World -
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.The Wall Street Journal - World -
Moderna’s stock jumps 6% as its cancer vaccine could treat more than just melanoma
Moderna’s stock got a boost on Tuesday after positive data was released from a trial of a form of head-and-neck cancer.MarketWatch - Business -
Physical gold offers more protection than mining stocks, says State Street’s George Milling-Stanley
Gold bars can be a valuable hedge during stock market weakness, according to gold expert George Milling-Stanley.CNBC - Business -
Cisco’s stock could surge more than 20% on these three drivers, says BofA
BofA’s Tal Liani upgraded Cisco shares, cheering the company’s opportunity to benefit from networking growth on the heels of market-share gains.MarketWatch - Business -
Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades
The stock price for Donald Trump’s social media company is sliding againABC News - Tech - Donald Trump -
Bill Belichick joining 'The Pat McAfee Show' as 2024 NFL Draft analyst
Bill Belichick won't be alone on draft night.Yahoo Sports - Sports - NFL -
Meta Debuts Its Next-Generation AI Chip
As artificial intelligence gets more sophisticated, big tech firms must keep pace with the need for more computing power.Inc. - Business - Meta -
U.S., Japan, Philippines Boost Ties With Chip, Nickel Deals
The U.S. and Japan have outlined plans to invest in infrastructure, semiconductor and nickel projects in the Philippines as the three countries seek to deepen ties amid tensions with China.The Wall Street Journal - World - Japan -
Delta sees record revenue as business travel accelerates, but stock turns lower
Delta Air Lines’ stock flew toward a three-year high Wednesday, after the air carrier reported a first-quarter profit beat — and record revenue — fueled by accelerating business-travel demand.MarketWatch - Business -
Reddit poised for AI and user growth, analysts say, as they initiate coverage
Reddit’s “corpus of historical information” could represent a compelling source for large language model training, says J.P. Morgan analyst Doug Anmuth.MarketWatch - Business -
Wall Street Says AI Can Replace Thousands of Analysts
But without analyst training, can investment banks develop the next generation of leaders?Inc. - Business -
China Seeks to Boost Stock Market Supervision
China has issued new national-level guidelines aimed at addressing stock-market volatility, including tightening supervision of new listings.The Wall Street Journal - World - China -
Top Wall Street analysts like these 3 stocks for their growth prospects
TipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Amazon and BJ's Wholesale Club.CNBC - Business -
U.S. Stocks Drop After Bank Earnings
U.S. stocks slid to end another down week as JPMorgan and other big U.S. banks issued tame outlooks for the rest of the year.The Wall Street Journal - World -
U.S. Stocks Erase Early Gains
U.S. stocks extended recent declines as March retail sales increased more than expected, causing traders scale back bets on Fed rate cuts.The Wall Street Journal - World -
Dow Advances as Markets Stabilize
U.S. stocks edged higher, with the Dow industrials leading gains, as investors cheered earnings from Morgan Stanley and UnitedHealth and digested comments from Fed Chair Jerome Powell.The Wall Street Journal - World -
UnitedHealth Stock Jumps After Earnings Beat Expectations
UnitedHealth’s first-quarter adjusted earnings topped Wall Street’s estimates, despite a cyberattack that will weigh on the healthcare and insurance company’s full-year results.The Wall Street Journal - World -
ASML earnings drag semiconductor stocks lower
ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%.CNBC - Business -
Costco’s gold and silver sales are boosting same-store sales, but profit remains elusive, analysts say
Costco’s members are snapping up its one-ounce gold bars and silver offering, but it’s unlikely it’s making much profit from it.MarketWatch - Business -
Fallout 4 gets big free update for PS5 and Xbox Series X/S on April 25
War never changes – but in the case of Fallout 4, it can get updated for a new generation of consoles.VentureBeat - Tech