US stocks moved higher on Thursday after a weaker-than-expected June employment report tempered expectations for further Federal Reserve interest rate hikes, while investors continued to assess the outlook for inflation and economic growth. The Dow Jones Industrial Average gained 256 points, or 0.49%. The S&P 500 rose 0.39%, while Nasdaq Composite added 0.24%. The closely… Continue reading Dow rises as weak US jobs data eases Fed rate hike expectations
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AeroVironment stock rises on $500M army contract, strong results boost outlook
AeroVironment Inc. (AVAV) shares rose 4% in premarket trading on Thursday after the US Department of War awarded the defense contractor a $500 million contract for counter-unmanned aerial systems. The Simi Valley, California-based company received a firm-fixed-price contract to procure commercial counter-unmanned aerial systems and counter small-unmanned aerial systems capabilities. According to the Department of… Continue reading AeroVironment stock rises on $500M army contract, strong results boost outlook
Palantir stock gains: here’s why analysts want you to buy the stock right now
Palantir Technologies PLTR shares extended their recent rally on Thursday after DA Davidson upgraded the software company to Buy, arguing that its role as an artificial intelligence orchestration platform is becoming increasingly valuable as enterprises seek flexibility in deploying AI models. The stock rose more than 4% in premarket trading, building on an 8% gain… Continue reading Palantir stock gains: here’s why analysts want you to buy the stock right now
Shopify stock eyes breakout as bullish inverted H&S pattern takes shape
Shopify stock has rebounded in the past few weeks, moving from the year-to-date low of $94.47 to the current $121.63. This rebound may continue, helped by its modest revenue growth and encouraging technicals. Shopify stock jumps after crucial settlement Shopify, the operator of the biggest e-commerce software, soared after reaching a settlement with Shopline, a… Continue reading Shopify stock eyes breakout as bullish inverted H&S pattern takes shape
DRAM stock: Here’s why this Micron, SK Hynix, Sandisk ETF just crashed
The Roundhill Memory ETF (DRAM) retreated for the second consecutive day as jitters in the memory industry accelerated. The fund, which has become a $24.3 billion behemoth, retreated to $62.45 in the pre-market, down by 22.75% from its highest point this year. Why the DRAM ETF is falling DRAM is a top ETF that gives… Continue reading DRAM stock: Here’s why this Micron, SK Hynix, Sandisk ETF just crashed
This $700 stock ‘lost’ 75% overnight, but here’s why Wall Street isn’t panicking
CrowdStrike stock (NASDAQ: CRWD) looked like it had fallen off a cliff on Thursday, with the stock moving from roughly $773 at Wednesday’s close to about $193 on split-adjusted screens. The scary-looking drop was not a selloff, but a company’s scheduled 4-for-1 stock split taking effect. Investors who held one share now hold four, each… Continue reading This $700 stock ‘lost’ 75% overnight, but here’s why Wall Street isn’t panicking
OpenAI discusses giving US govt 5% stake as Washington tightens oversight: report
OpenAI has discussed giving the US government a 5% equity stake in the company as policymakers seek greater oversight of the rapidly expanding sector and explore ways for Americans to benefit financially from the AI boom, according to a Financial Times report. The proposal, which remains in the conceptual stage, would also encourage other major… Continue reading OpenAI discusses giving US govt 5% stake as Washington tightens oversight: report
AI trade is turning increasingly volatile: experts suggest ways to manage the risk
Artificial intelligence has remained one of the strongest investment themes in global markets this year, but recent swings in technology stocks have prompted strategists to caution investors against becoming overly concentrated in the trade. Last week marked one of the sharpest bouts of volatility for AI-linked stocks in months, as investors questioned the sustainability of… Continue reading AI trade is turning increasingly volatile: experts suggest ways to manage the risk
Apple stock in focus as five-iPhone blitz tests pricey AAPL valuation
Apple stock (NASDAQ: AAPL) remained in focus on Thursday after reports of an expanded iPhone launch cycle, setting up a familiar split screen for investors: a powerful company, but a stock that no longer looks cheap. The catalyst was a Nikkei Asia report that Apple is preparing at least five new iPhone models across the… Continue reading Apple stock in focus as five-iPhone blitz tests pricey AAPL valuation