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MARA stock soars on a major AI announcement

MARA Holdings (MARA) shares are ripping higher on Thursday after the company announced a major acquisition that meaningfully accelerates its pivot into the AI and data center infrastructure space. Before the market opened on July 9th, MARA said it has agreed to acquire a “1,200-acre” powered land site in Matagorda County from HIF USA. This… Continue reading MARA stock soars on a major AI announcement

Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?

The Schwab US Dividend Equity ETF (SCHD) has moved sideways in the past few days. It has remained inside the key support and resistance levels of $31.60 and $32.90 since May. Despite the consolidation, SCHD is having a strong year, with inflows rising by over $13 billion and its assets nearing the $100 billion mark.… Continue reading Is the 3.2% yielding SCHD ETF a buy as one-year Treasury yields hit 4.06%?

Broadcom stock is in a local bear market: will it retest its record high?

Broadcom stock price rose by 5% on Wednesday after extending its relationship with Apple. AVGO rose to $395, a 10% increase from its lowest level this month. It remains in a local bear market after falling by 20% from its highest point this year. So, will it rebound and retest its all-time high? Broadcom expands… Continue reading Broadcom stock is in a local bear market: will it retest its record high?

PepsiCo beats revenue estimates but warns North America demand remains under pressure

PepsiCo beat Wall Street expectations for second-quarter revenue and profit on Thursday, but investors focused on the company’s warning that inflationary pressures continue to weigh on consumer spending in North America, sending its shares slightly lower in premarket trading. The snacks and beverages giant reaffirmed its full-year outlook, as it continues to benefit from resilient… Continue reading PepsiCo beats revenue estimates but warns North America demand remains under pressure

Dow Jones slips even as chip stocks offset renewed US-Iran tensions

US stocks opened higher on Thursday as gains in semiconductor shares helped offset renewed geopolitical concerns after fresh exchanges of attacks between the United States and Iran threatened to prolong the conflict and keep investors on edge. The Dow Jones Industrial Average fell 28 points, or 0.05%, while the S&P 500 gained 0.11%. Nasdaq Composite… Continue reading Dow Jones slips even as chip stocks offset renewed US-Iran tensions

Micron to invest up to $3B in US chip supply chain, stock jumps on AI optimism

Micron Technology shares surged 6% in premarket trading on Thursday after the memory-chip maker announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain. The bullish analyst commentary and improving sentiment toward AI-related memory demand further supported the stock. Micron announces $3 billion US supply chain investment Micron Technology said… Continue reading Micron to invest up to $3B in US chip supply chain, stock jumps on AI optimism

UK stocks decline as AstraZeneca tumbles after trial setback

The UK’s FTSE 100 declined on Thursday as investors assessed renewed tensions in the Middle East, while pharmaceutical heavyweight AstraZeneca weighed heavily on the benchmark after reporting disappointing results from a late-stage clinical trial. The blue-chip FTSE 100 index fell 0.6% to 10,417.63 points by 10:45 GMT. In contrast, the domestically focused FTSE 250 index… Continue reading UK stocks decline as AstraZeneca tumbles after trial setback

Nasdaq futures surge 190 points: 5 things to know before Wall Street opens

US futures steadied on Thursday, suggesting investors were not ready to abandon risk after another flare-up in the Gulf. Fresh US strikes on Iran and Tehran’s response had briefly pushed oil higher and revived inflation fears, but crude cooled from its highs before the open. That gave equities room to recover, even as traders stayed… Continue reading Nasdaq futures surge 190 points: 5 things to know before Wall Street opens