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Marvell Technology Inc (MRVL) printed a new 52-week high this morning as Cisco Systems’ solid Q3 earnings boosted sentiment across the entire semiconductor ecosystem. Investors are cheering MRVL also because it received dual analyst upgrades this week and revealed a new strategic equity investment from Advanced Micro Devices (AMD). Year-to-date, Marvell stock has been nothing… Continue reading Marvell stock hits 52-week high as bullish catalysts keep stacking up

US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence.  ING Economics said the figures highlight the ability of consumers to absorb cost pressures, though risks remain as energy prices stay elevated and wage growth lags.   While inflation data dominated the early part of the… Continue reading US retail sales show resilience despite cost pressures, ING warns of risks

Shares of Starbucks (SBUX) climbed to a new 52-week high on Thursday after TD Cowen upgraded the coffee chain, citing confidence that the company’s turnaround strategy and operational changes could drive stronger sales growth and margin recovery in the coming years. The stock reached $108.88, extending a rally that has pushed shares up 28% year… Continue reading Starbucks stock hits 52-week high: Why this analyst is bullish

Shares of Nvidia (NVDA) climbed to another record high on Thursday, extending a powerful rally fueled by optimism around artificial intelligence demand, easing restrictions on chip sales to China, and expectations of another blockbuster earnings report later this month. The stock rose by 2.6% at the market open to cross the $231 mark after closing… Continue reading Nvidia tops $230 mark: here’s why analysts say NVDA still cheap ahead of earnings 

US stocks opened higher on Thursday as investors reacted to strong earnings from technology companies and optimism surrounding the US-China summit. The continued momentum in artificial intelligence-linked semiconductor stocks despite persistent inflation concerns. The Dow Jones Industrial Average rose 387 points, reclaiming the 50,000 level it reached earlier this year. S&P 500 gained about 0.34%,… Continue reading Dow reclaims 50,000 as Nvidia, Cisco rally lifts US stocks higher

UK shares moved higher on Thursday after stronger-than-expected economic growth data reassured investors, even as political uncertainty surrounding Prime Minister Keir Starmer continued to weigh on market sentiment. The blue-chip FTSE 100 rose 0.39% by 11:09 a.m. GMT, while the mid-cap FTSE 250 gained 0.71%. Investor sentiment improved after data showed Britain’s economy expanded unexpectedly… Continue reading UK shares rise as strong GDP data offsets political uncertainty

Shares of Doximity (NYSE: DOCS) plunged on Thursday after the telehealth platform reported weaker-than-expected quarterly profit and issued fiscal 2027 revenue guidance that fell significantly short of Wall Street estimates. The figures intensified investor concerns about slowing growth and rising spending tied to artificial intelligence initiatives. The stock fell 24% in premarket trading after already… Continue reading Doximity plunges 24% on weak guidance, analysts slash PTs on increased AI spending

US stock futures edged higher on Wednesday after the S&P 500 and Nasdaq 100 closed at fresh record highs, extending a rally led by large technology stocks. S&P 500 futures rose 0.13%, Nasdaq 100 futures gained 0.07%, and Dow futures climbed 260 points, or 0.41%. The advance comes as investors balance strong momentum in equities… Continue reading Dow futures surge 250 points: 5 things to know before market opens