"I'm wildly bullish, and I may be dead wrong, but I'm wildly bullish."
Last week, the S&P 500 surged past 5,000 points and marked its 14th positive week in the last 15, driven by renewed faith in AI technology. The combined market value of the Magnificent Seven tech giants has surged to $13 trillion, nearly half the size …
Sega Sammy Holdings Inc – ADR SGAMY issued a financial warning due to disappointing sales during the crucial holiday season of 2023. The company attributed the downward revision of its sales and profit forecast to “weak sales” of new games released in the third quarter …
The tech market seems to be riding an excitement wave akin to the festive season for investors. The Nasdaq 100, after gaining a whopping 54% last year, has surged another 4% this year, led by familiar names such as Nvidia (NASDAQ: NVDA), which has seen …
Two years have come and gone since Barry McCarthy, the former CFO of Spotify (SPOT) and Netflix (NFLX), took the reins as CEO of Peloton Interactive (PTON), relieving co-founder John Foley. This leadership change followed a staggering 76% plummet in PTON stock the previous year, …
Investors Withdraw Millions from SPYD ETF One of the key takeaways from examining ETF data this week is the substantial outflow from the SPDR Portfolio S&P 500 High Dividend ETF (Symbol: SPYD). A striking $265.4 million has been withdrawn, marking a 3.9% decrease week over …
Growth has been the coveted beanstalk in Alibaba’s garden. However, the third-quarter fiscal 2024 recent earnings report dipped 2% from the year-ago quarter’s reported figure in RMB terms with non-GAAP earnings of $2.67 per ADS (RMB 18.97). Yet, the revenues of RMB 260.35 billion ($36.7 …
Record Highs Fuel Optimism The S&P 500 index skyrocketed past the 5,000-point benchmark, spearheading new milestones driven by the promising prospects of artificial intelligence. This bullish momentum marked the 14th positive week out of the last 15, showcasing the resilience of the winter rally Big …
Microsoft Corp. MSFT has responded directly to the Federal Trade Commission’s (FTC) claims regarding layoffs following the acquisition of Activision. The Battle Between Microsoft and the FTC. However, Microsoft countered, stating that Activision had already planned significant job cuts before the merger, and lambasted the FTC’s …
Editor’s note: This story has been updated to remove an offensive Reddit username. Recently, a Redditor going by the username u/evilmonk234 sparked a discussion on Meta Platforms Inc META, the parent company of Facebook, about its announced $50 billion buyback. The question at the center …
There’s been a lot of chatter recently about the Magnificent 7 stocks and how they’ve been solely responsible for this incredible market rally. After all, these seven companies – which include Apple AAPL, Amazon AMZN, Meta Platforms META, Alphabet GOOGL, Microsoft MSFT, Nvidia NVDA, and …