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Nvidia (NVDA) shares edge higher Monday as analysts from UBS and Wolfe Research raise their price targets on the chip stock to $150 per share. Market Domination's Josh Lipton and Julie Hyman talk about the latest calls on the semiconductor leader and Wall Street's broad sentiments on it.
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Federal Reserve Chair Jerome Powell testified on the Fed’s semiannual Monetary Policy Report, which details the state of the U.S. economy, before the Senate Banking, Housing, and Urban Affairs Committee on July 9, 2024.
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The S&P 500 has been on a tear, largely due to the "Magnificent Seven" - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) which make up about a third of the value of the index. With some bullish sentiment on Wall Street gaining momentum, will the other 493 companies have their moment in the sun?
BofA Securities US equity strategist Ohsung Kwon joins Market Domination to discuss the potential for a broadening out past the big tech stocks that have dominated the market in the past several months.
"So we're seeing a diverging trend between the Magnificent Seven and the [S&P] 493 happening this quarter. So the other 493 was basically in an earnings recession up until last quarter. We expect this earnings season is going to be the first quarter for the other 493 to post positive earnings growth since Q4 of '22, whereas the Mag 7, their earnings growth is expected to decelerate for the second straight quarter and again in Q3. And by Q4 of this year consensus points to basically similar growth rates between the two and I think that will really be the catalyst for the rotation in the market to take place," says Kwon
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#magnificent7 #yahoofinance #stockmarket
CERAWeek by S&P Global — an annual global energy conference focusing on the industry's biggest goals and challenges — began on Monday in Houston, Texas. The conference brings together all manners of professionals, including senior executives, government officials, academics, and more. One of the main overarching themes for the conference is the energy transition and how companies and governments can join in on that transition.
S&P Global (SPGI) CEO Douglas Peterson — whose company organizes the conference — joins Yahoo Finance's Julie Hyman to discuss the future of energy transition, benefits from President Biden's Inflation Reduction Act, and other prevalent themes part of the CERAWeek conference's overall discourse.
Peterson comments on recent rules passed by the Security and Exchange Commission (SEC) for companies to disclose environmental and climate goals and improve transparency over those goals: "I think it's a really good idea to have consistent standards and, first of all, I'm going to say globally. There's an organization called the International Sustainability Standards Board, the ISSB, that is looking at ways to have consistent standards for disclosure about climate action around the globe, and the US needs to get on board. And the US actually is a member of the ISSB, which comes from the IFRS [International Financial Reporting Standards Foundation]. I was encouraged that the rule that came out was one where both the environmentalists and some of the others were against it. Means that maybe they're starting to hit the right balance on it."
#youtube #yahoofinance #car
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On Friday, Sept. 16, 2016, Yahoo News Chief Investigative Correspondent Michael Isikoff joins Yahoo News Guest Anchor Alexis Christoforous on Yahoo News Now about a bipartisan report from the House Intelligence Committee regarding exiled whistleblower Edward Snowden. The report describes the Snowden, former National Security Agency contractor, as a serial exaggerator and fabricator.
Boeing's (BA) Starliner continues to experience malfunctions with its spacecraft, delaying a scheduled return trip for two astronauts aboard the International Space Station (ISS).
Yahoo Finance Reporter Ines Ferré joins Morning Brief to discuss Boeing's latest development regarding its Starliner and what it means for astronauts in space.
#Boeing #news #youtube
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"Magnificent Seven" tech stocks, including Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT), issued earnings last week. Some of the reports announced plans for major capital expenditures toward the development of AI projects.
Niles Investment Management Founder Dan Niles joins Catalysts to explore how tech giants benefit from each other's earnings reports, as well as the market's reaction to tech earnings.
"Meta came out first, and they guided below the Street for next quarter's revenues, but then they took up their cap-x as well as their expenses. Google came out after that, and remember, Meta went down 11%, and Google initiated a dividend, which was great, but if you look at the forward numbers, actually, the estimates across the Street actually edged down for revenues for their upcoming June quarter as well. So, I think to some extent, Google benefitted from Meta going first, and if you look at Microsoft, sort of a similar situation, where the stock was up, I think, 2% or so the next day, but again, they came after Meta, and Microsoft's forward revenue numbers edged down slightly as well," Niles explained."Magnificent Seven" tech stocks, including Alphabet (GOOG, GOOGL), Meta (META), and Microsoft (MSFT), issued earnings last week. Some of the reports announced plans for major capital expenditures toward the development of AI projects.
Niles Investment Management Founder Dan Niles joins Catalysts to explore how tech giants benefit from each other's earnings reports, as well as the market's reaction to tech earnings.
"Meta came out first, and they guided below the Street for next quarter's revenues, but then they took up their cap-x as well as their expenses. Google came out after that, and remember, Meta went down 11%, and Google initiated a dividend, which was great, but if you look at the forward numbers, actually, the estimates across the Street actually edged down for revenues for their upcoming June quarter as well. So, I think to some extent, Google benefitted from Meta going first, and if you look at Microsoft, sort of a similar situation, where the stock was up, I think, 2% or so the next day, but again, they came after Meta, and Microsoft's forward revenue numbers edged down slightly as well," Niles explained.
#news #youtube #Tesla #Apple
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Stock market today: Dow closes above 40,000, paces weekly gains as stocks rebound from tech sell-off
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
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US stocks were in rally mode on Friday, bouncing back from Thursday's tech-driven sell-off as investors assessed earnings reports from big Wall Street banks and clung to rate-cut hopes.
The S&P 500 (^GSPC) gained as much as 1.2%, just off the benchmark's recent record high. The Dow Jones Industrial Average (^DJI) rose 1.1% and the tech-heavy Nasdaq Composite (^IXIC) added 1.4%.
Both the S&P 500 and Nasdaq snapped a seven-day win streak on Thursday, as an exodus from Big Tech stocks followed inflation data that seemed to all but cement a rate cut from the Federal Reserve in September.
Read more: Inflation fever breaking? Price hikes on everyday expenses finally ease up.
On Friday, results fromWall Street banks got earnings season going in earnest before the bell.
JPMorgan Chase's (JPM) profit surged 25% in the second quarter, buoyed by rising investment banking fees and an $8 billion one-time gain linked to Visa, but shares slipped. Wells Fargo (WFC) stock sank about 6% after it posted a drop in profit as it missed estimates for interest income. And Citi (C) stock lost more than 1% after the fir reported a 10% rise in profit, but maintained its 2024 outlook for modestly lower net interest income.
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At 17, London high school student Nick D’Aloisio sold his unique summarization technology to Yahoo. Today, he leads a team of Yahoo engineers and designers. Their goal? To redefine how news and information are consumed in a world gone mobile.
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The Biden administration is pushing back against former President Trump's plan to replace income taxes with tariffs. Meanwhile, US Treasury Secretary Janet Yellen has warned that the tariffs could make life even more unaffordable for American consumers.
Yahoo Finance's Rick Newman reports more on the differences between Biden and Trump's tariff agendas and how they may impact consumers' cost of living..
#youtube #Trump #stocks
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Both rent prices and mortgage rates continue to rise, impacting homeowners, landlords, renters, and more. Lennar's (LEN) second-quarter earnings report showed better-than-expected revenue but reported having to cut home prices.
Yahoo Finance Reporter Dani Romero joins Wealth! to break down the current landscape of the housing market and why the strain for both renters and potential homebuyers continues to grow.
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#rent #housing #yahoofinance
The CME FedWatch tool shows a nearly 100% chance of an interest rate cut in September as some economists join the call for an interest rate cut as soon as this July. Mizuho US Chief Economist Steven Ricchiuto joins Market Domination to discuss the state of the economy and what it signals for the potential of an interest rate cut.
Ricchiuto believes that the most recent economic data shows "an economy that is still very, very resilient." He continues, "We've been data-dependent all along. We came into the year suggesting that there would be a transition in the economy from above-trend growth to trend growth. And that along with that, we'd see some modest easing up of the labor market conditions. But inflation would get stuck at around the 3% level, as opposed to the 2% level. And largely, that's still the case. The economy looks as if it's going to average 2% over the first half of the year, which is trend."
He adds that the current data is showing "the best period of economic information to say we should be cutting rates. But the reality is you haven't quite hit that test yet of where you should be to really cut rates, and the market wants to adjust so aggressively that it's creating a financial market environment that I think is providing extra stimulus to the economy. And that could very well preclude a rate cut."
#news #youtube #job
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Costco (COST) is finally raising its membership fees, a move many on Wall Street had been anticipating. Starting September 1, 2024, Gold Star membership fees will increase by $5 to $65, and Executive Memberships will increase by $10 to $130.
The retailer also announced it posted June net sales of $24.48 billion, an increase of 7.4% from a year ago and declared a quarterly cash dividend of $1.16 per share.
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#bitcoin #mtgox #crypto #yahoofinance
Collapsed bitcoin (BTC-USD) exchange Mt. Gox is reportedly beginning to pay back the nearly $9 billion in bitcoin it owes to customers from its 2014 bankruptcy. With the influx of the cryptocurrency into crypto markets, investors are concerned that customers might sell off the coins quickly. Jared Blikre breaks down Mt. Gox's bankruptcy agreement and checks in on the overall state of the crypto space as bitcoin sinks to $55,000 today. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
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Nvidia (NVDA) shares are falling back today following the chipmaker's recent market high. Rosenblatt Securities senior research analyst Hans Mosesmann joins Market Domination to explain why he is not worried about the stock's bumpy previous weeks. Mosesmann has issued the highest price target for Nvidia on Wall Street.
Mosesmann has a long-term view, explaining that the sale pressure is negligible when one considers that Nvidia is going to be the "best way to play AI for the next 10 years." He adds that Nvidia is not just a semiconductor company anymore but a platform that is "all things AI."
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#nvidia #yahoofinance #semiconductor
#Nvidia #shortselling #stockmarket #yahoofinance #mag7
As Nvidia (NVDA) continues to dominate the tech sector, it has become one of the most heavily shorted stocks. S3 Partners managing director Ihor Dusaniwsky joins Catalysts to discuss some of the biggest tech names eyed by short sellers. When it comes to Nvidia, Dusaniwsky explains that investors are shorting "because it's an overheated stock." While the run-up has been monumental, he notes that "it's got to come back to Earth." He also explains that some investors are shorting the stock "because it's a hedge to the market. People are shorting Nvidia to hedge their entire portfolio and hedge their tech holdings. So you've got two different types of short selling going on in this name." Dusaniwsky also points to Apple (AAPL) as a heavily shorted name, explaining that it's not fundamental investing: "We're looking at a lot of traders that are looking at momentum and technical graphs and saying, 'Hey, I want to short this name. I want to go long this name'... More traders are going and looking at recent activity in the short side and kind of running along with that crowd or getting ahead of the crowd getting out of a name." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Yahoo Finance: Market Coverage, Stocks, & Business News
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Nvidia's (NVDA) stock slump — down by 9% over the last five trading days — dragging down tech-heavy indexes (^DJI, ^IXIC, ^GSPC) along with it.
Yahoo Finance's The Morning Brief welcomes Commonwealth Financial Network CIO Brad McMillan to talk about recent trends in the tech sector and major chip players.
"When you look at the underlying trends, there are some companies coming up underneath Nvidia in the in the artificial intelligence [AI] market. But at the same time Nvidia is still amazingly dominant," McMillan explains. "So, you know a little bit of a pullback, that doesn't worry me necessarily in the short term as long as the trends remain positive and they are. And those other companies give you other opportunities going forward."
McMillan also weighs in on opportunities in small-cap stocks (^RUT) and the Federal Reserve's interest rate approach to inflation.
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Yahoo revealed that 3 billion accounts were compromised in the massive breach in 2013.
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Shares of Tesla (TSLA) recouped its losses from the beginning of the year after 11-straight days of gains, only to turn negative after reports of the company pushing back the unveiling of its robotaxi to October.
Deepwater Asset Management Managing Partner Doug Clinton joins Asking For A Trend to give insight into Tesla's recent performance and its delay of the robotaxi unveiling.
"The first thing I would say is nothing is official in Tesla-land until you hear it from Elon himself. Because what sort of led to this event in the first place was a Reuters report several months ago that the Model 2 was going to be canceled. Elon said that that is false. And then he followed up saying that we're going to have a robotaxi event in August. We haven't seen Elon tweet anything yet. I just checked before we jumped on-air here, he hasn't said anything about the event yet, so who knows what could happen." says Clinton
He follows that up with: "What the stock has been doing more recently is it's been reflecting the hype and the excitement that investors are having for Tesla and what might come in terms of this robotaxi and what that ultimately might mean for the model. And Tesla, more than any other stock, is such a powerful religion"
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Tesla (TSLA) CEO Elon Musk and billionaire hedge-fund manager Bill Ackman, among other business leaders, have taken to X (formerly Twitter) to express support for former President Donald Trump following his assassination attempt on Saturday. Puck News founding partner William Cohan joins Catalysts to discuss the political implications surrounding the corporate world's endorsements after this past weekend's events.
Cohan suggests this public show of support was likely a strategic move by the CEOs, allowing them to "declare their support for Trump without being attacked for it on social media." He notes that this "unfortunate incident" provided them with a "cover" to voice their backing.
Regarding the election outlook, Cohan says: "At this moment, I think the combination of Biden's poor debate performance, his subsequent attempts to rectify that, and this horrible incident over the weekend... most people at this point seem to be resigned to the fact that Trump is going to win. There's going to be a second Trump administration, and there's not much Biden can do about it, unfortunately."
#news #ELONMUSK #stockmarket
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#economy #fed #jeromepowell
Federal Reserve Chair Jerome Powell is testifying before the Senate on Capitol Hill on Tuesday, addressing the central bank's outlook on inflation, the economy, interest rates, and more. Claudia Sahm, founder of Sahm Consulting and former Federal Reserve Board Economist, joins Market Domination to analyze the economic landscape.
Sahm begins by highlighting that inflation has come down and emphasizing that this progress "is going to be the reason when the Federal Reserve begins to cut interest rates." She commends Powell's testimony skills, describing it as his "strength," and notes his clarity in conveying that the labor market has cooled and that "inflation risks are not coming out of the labor market."
Reflecting on the current economic environment, Sahm observes, "We are balancing risks in a place that frankly was unimaginable a year ago," adding, "It was supposed to take a recession to make this kind of progress." She told Yahoo Finance, "For this cycle, it's been so unusual to really look at how we are in the healing process. Getting back to something that looks like normal is really important."
Addressing the Sahm Rule, her recession indicator, she explains it "is trying to get at what's the threshold for that increase [in the unemployment rate] that happens right inside a recession." Sahm notes that the economy "is getting close to that threshold."
"These increases in the unemployment rate clearly are getting to a place that is consistent with recessions we've seen previously... since 1950. So we don't want to discount it," Sahm states.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
This post was written by Angel Smith
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The potential economic agenda of a second Trump presidency remains largely undefined. Trump has indicated that he wants to lower corporate and household taxes, implement stricter immigration policies, and expand domestic energy production to address inflationary pressures. However, these broad proposals lack specific details that investors and business leaders are eager to understand. To gain deeper insights into a possible Trump 2.0 economic agenda in the event of his reelection, Yahoo Finance executive editor Brian Sozzi sits down with The Heritage Foundation senior visiting fellow in economics and longtime economic adviser to Trump, Stephen Moore on today's episode of Opening Bid. Moore, co-author of "Trumponomics: Inside the America First Plan to Revive our Economy," offers his perspective on the potential economic strategies of a second Trump administration.
#youtube #Trump #news
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The political landscape has been shaken as former President Donald Trump faces the weight of 34 felony convictions stemming from his criminal hush money trial. Despite this legal setback, his re-election aspirations show no signs of slowing, with billionaires like Elon Musk and Bill Ackman voicing their unwavering support behind the former president.
Their backing has resulted in a remarkable surge of donations, with Trump's campaign funds growing by a staggering $35 million in the wake of the verdict.
#youtube #news #trump
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At 17, London high school student Nick D’Aloisio sold his unique summarization technology to Yahoo. Today, he leads a team of Yahoo engineers and designers. Their goal? To redefine how news and information are consumed in a world gone mobile.
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An exclusive report from Yahoo News recounts a "stunning" breach of U.S. intelligence agencies by Russian spies on American soil. National security and investigations reporter Jenna McLaughlin contributed to the report. She spoke with CBSN about the infiltration of some of America's most secretive organizations.
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這幾年網購市場越來越大，民眾習慣在網路上採購。接近中元普渡、中秋節等等電商旺季，現在有重磅消息！確定統一也將進攻這塊電商市場，併購Yahoo，未來要挑戰PChome甚至是Momo，專家也預期競爭激烈下，有可能掀起價格戰，消費者有機會撿到便宜。
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#momo#統一#公平會#過關#網購市場#中元普渡#中秋節#電商#Yahoo#PChome
In a blow to Intel (INTC) and AMD (AMD), China has asked its largest telecom carriers to phase out foreign chips from their networks by 2027, according to a Wall Street Journal report. With shares of Intel and AMD sinking on the news, Yahoo Finance reporter Akiko Fujita joins Yahoo Finance to discuss the latest Chinese effort to remove America from its technology.
Despite US export controls aimed at Huawei's semiconductor capacities, the Chinese technology company is still able to produce chips for Chinese telecom carriers. China constitutes a large share of Intel and AMD's revenue, though only some of the demand comes from telecommunications and data centers.
#news #youtube #China
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The CME FedWatch tool shows a nearly 100% chance of an interest rate cut in September as some economists join the call for an interest rate cut as soon as this July. Mizuho US Chief Economist Steven Ricchiuto joins Market Domination to discuss the state of the economy and what it signals for the potential of an interest rate cut.
Ricchiuto believes that the most recent economic data shows "an economy that is still very, very resilient." He continues, "We've been data-dependent all along. We came into the year suggesting that there would be a transition in the economy from above-trend growth to trend growth. And that along with that, we'd see some modest easing up of the labor market conditions. But inflation would get stuck at around the 3% level, as opposed to the 2% level. And largely, that's still the case. The economy looks as if it's going to average 2% over the first half of the year, which is trend."
He adds that the current data is showing "the best period of economic information to say we should be cutting rates. But the reality is you haven't quite hit that test yet of where you should be to really cut rates, and the market wants to adjust so aggressively that it's creating a financial market environment that I think is providing extra stimulus to the economy. And that could very well preclude a rate cut."
#news #youtube #job
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Costco (COST) is finally raising its membership fees, a move many on Wall Street had been anticipating. Starting September 1, 2024, Gold Star membership fees will increase by $5 to $65, and Executive Memberships will increase by $10 to $130.
The retailer also announced it posted June net sales of $24.48 billion, an increase of 7.4% from a year ago and declared a quarterly cash dividend of $1.16 per share.
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#costco #market #yahoofinance
#Nvidia #shortselling #stockmarket #yahoofinance #mag7
As Nvidia (NVDA) continues to dominate the tech sector, it has become one of the most heavily shorted stocks. S3 Partners managing director Ihor Dusaniwsky joins Catalysts to discuss some of the biggest tech names eyed by short sellers. When it comes to Nvidia, Dusaniwsky explains that investors are shorting "because it's an overheated stock." While the run-up has been monumental, he notes that "it's got to come back to Earth." He also explains that some investors are shorting the stock "because it's a hedge to the market. People are shorting Nvidia to hedge their entire portfolio and hedge their tech holdings. So you've got two different types of short selling going on in this name." Dusaniwsky also points to Apple (AAPL) as a heavily shorted name, explaining that it's not fundamental investing: "We're looking at a lot of traders that are looking at momentum and technical graphs and saying, 'Hey, I want to short this name. I want to go long this name'... More traders are going and looking at recent activity in the short side and kind of running along with that crowd or getting ahead of the crowd getting out of a name." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Yahoo Finance: Market Coverage, Stocks, & Business News
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According to data from Layoffs.fyi, more than 20,000 employees were fired from their jobs in the tech sector in April. In addition, according to data from Women Impact Tech, salaries for workers in tech dropped over 12% in 2023.
Women Impact Tech CEO Paula Bratcher Ratliff joins Wealth! to break down the situation for tech workers, highlighting heightened volatility in tech's segment of the US labor market.
On a more positive note, Ratliff claims: "We're seeing about 20% increase over prior years trajectory in hiring for tech workers, and a lot of that has been powered by AI. There's always been this concern, 'will AI cause us to lose more tech workers?' and we're seeing the opposite effect. AI, and other innovations are driving more tech need for organizations and we're seeing improved hiring, and improved hiring in the human capital space for tech because of AI and the impacts of resumes and resume writing."
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Nvidia's (NVDA) stock slump — down by 9% over the last five trading days — dragging down tech-heavy indexes (^DJI, ^IXIC, ^GSPC) along with it.
Yahoo Finance's The Morning Brief welcomes Commonwealth Financial Network CIO Brad McMillan to talk about recent trends in the tech sector and major chip players.
"When you look at the underlying trends, there are some companies coming up underneath Nvidia in the in the artificial intelligence [AI] market. But at the same time Nvidia is still amazingly dominant," McMillan explains. "So, you know a little bit of a pullback, that doesn't worry me necessarily in the short term as long as the trends remain positive and they are. And those other companies give you other opportunities going forward."
McMillan also weighs in on opportunities in small-cap stocks (^RUT) and the Federal Reserve's interest rate approach to inflation.
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Tesla (TSLA) reported weaker-than-expected first quarter deliveries and production figures, triggering a selloff in the company's stock. Barclays Senior Autos Analyst Dan Levy joins Yahoo Finance Live to analyze the factors contributing to this decline.
Levy highlights slowing demand in the China and US markets, as well as production units that may have been "left in transit." This situation could potentially lead to an inventory buildup, necessitating "further price cuts ahead to clear that excess inventory."
From a fundamental standpoint, Levy says, "there are a couple of challenges that need to be addressed" before Tesla's stock can experience a turnaround. He highlights volume concerns, which have resulted in flat growth, and notes that an inventory buildup could lead to weaker profit margins for the company.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination.
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US President Joe Biden and Former President Donald Trump faced off at the first presidential debate on Thursday night, with Biden stumbling through much of his speech and Trump rattling off several inaccurate and/or false statements. Will this debate sway voters or was this expected by most?
Yahoo Finance Senior Columnist Rick Newman joins Morning Brief to break down the aftermath of the first presidential debate, what it means for both candidates, and what it means for the country moving forward.
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Read the CNET News article - http://cnet.co/2wxA9V7
Yahoo revealed that 3 billion accounts were compromised in the massive breach in 2013.
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Shares of Tesla (TSLA) recouped its losses from the beginning of the year after 11-straight days of gains, only to turn negative after reports of the company pushing back the unveiling of its robotaxi to October.
Deepwater Asset Management Managing Partner Doug Clinton joins Asking For A Trend to give insight into Tesla's recent performance and its delay of the robotaxi unveiling.
"The first thing I would say is nothing is official in Tesla-land until you hear it from Elon himself. Because what sort of led to this event in the first place was a Reuters report several months ago that the Model 2 was going to be canceled. Elon said that that is false. And then he followed up saying that we're going to have a robotaxi event in August. We haven't seen Elon tweet anything yet. I just checked before we jumped on-air here, he hasn't said anything about the event yet, so who knows what could happen." says Clinton
He follows that up with: "What the stock has been doing more recently is it's been reflecting the hype and the excitement that investors are having for Tesla and what might come in terms of this robotaxi and what that ultimately might mean for the model. And Tesla, more than any other stock, is such a powerful religion"
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