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Luxury conglomerate and industry bellwether LVMH reported quarterly sales that missed expectations on Monday. Organic sales grew 1% in the first quarter, but analysts surveyed by FactSet had expected 1.5% growth in the March quarter. The Middle East conflict had a 1% negative impact on organic growth in the quarter, LVMH said in a statement.… Continue reading LVMH Q1 sales miss estimates as Middle East conflict weighs

Nvidia shares remained flat at $188.55 in early trading Monday, struggling to break out of a months-long trading range. The stock had closed 2.6% higher on Friday, marking its eighth consecutive session of gains. Broader markets were mixed. The Nasdaq Composite rose 0.3%, while the Dow Jones Industrial Average fell 267 points, or 0.6%. Nvidia… Continue reading Nvidia stock jittery on Monday: why the AI darling is struggling to breakout

Wall Street brokerages J.P. Morgan and Morgan Stanley say the recent bout of market weakness driven by Middle East tensions may present an opportunity for long-term investors, pointing to resilient corporate earnings and improving valuations as key buffers against further downside. Hopes of de-escalation in the conflict had helped lift the S&P 500 nearly 8%… Continue reading J.P. Morgan, Morgan Stanley see dip buying opportunity amid Mideast risks

Sky Quarry (NASDAQ: SKYQ) opened more than 50% higher on April 13th after high-level ceasefire negotiations between the US and Iran collapsed without an agreement. The stock’s dramatic surge was fueled by the immediate US Navy announcement of a blockade on all Iranian ports, sending global oil prices past the $100-per-barrel mark. Year-to-date, the US-Iran… Continue reading Sky Quarry stock surges after US-Iran talks fail: is the rally sustainable?

SanDisk stock rose on Monday after Nasdaq confirmed the flash memory supplier would be added to the Nasdaq-100 index, a move expected to drive significant passive inflows and boost institutional visibility. Shares climbed 7.14% to $912.57, even as broader market indices were mixed as the Dow Jones fell 184 points amid geopolitical tensions linked to… Continue reading SanDisk jumps 7% on Nasdaq 100 entry as AI boom fuels demand surge

Tesla shares rose 0.4% to $350.81 in early trading, outperforming a weaker broader market. The S&P 500 and the Dow Jones Industrial Average fell 0.1% and 0.3%, respectively, as geopolitical tensions escalated. The move followed comments from Donald Trump, who said the US Navy would blockade the Strait of Hormuz after peace talks with Iran… Continue reading Tesla stock is beating the broader market today: here’s why

Wall Street investors are getting jittery as the US public debt surges in an uncontrollable manner and the rising 30-year yield. The popular iShares 20+ Year Treasury Bond ETF (TLT) has shed over $5 billion this year, while the Vanguard Long-Term Treasury ETF (VGLT) has lost over $110 million this year.  TLT and VGLT ETFs… Continue reading TLT and VGLT ETFs shed billions as US public debt nears $39 trillion