Stock Research

Dow, S&P, Nasdaq hit record highs ahead of Fed decision; Lyft surges 28%, DJT gives up gains

US equity benchmarks rose slightly on Thursday ahead of the outcome of the US Federal Reserve’s policy meeting later in the day.  Benchmark averages extended gains from Wednesday and hit new record highs after Donald Trump won the 2024 US presidential elections.  At the time of writing, the S&P 500 index rose 0.5%, while the… Continue reading Dow, S&P, Nasdaq hit record highs ahead of Fed decision; Lyft surges 28%, DJT gives up gains

Why ON Semiconductor is a strong buy despite recent market challenges

ON Semiconductor, the $31 billion chip manufacturer based in Scottsdale, Arizona, has faced significant challenges lately. Despite the broader market momentum, with the S&P 500 index climbing 29% from July 2023, ON Semi’s stock has plummeted 31%, reaching $72 from its record high. The chipmaker’s primary customers, auto manufacturers, and industrial firms, have struggled amid… Continue reading Why ON Semiconductor is a strong buy despite recent market challenges

Nissan to cut 9,000 jobs, slash profit forecast by 70% amid tough market conditions

Japan’s Nissan Motor has announced a series of aggressive cost-cutting measures, including laying off 9,000 employees and reducing its global production capacity by 20%. This marks the second time this year that the automaker has revised its profit outlook downwards as it contends with slowing demand, particularly in key markets like China. The company’s revised… Continue reading Nissan to cut 9,000 jobs, slash profit forecast by 70% amid tough market conditions

Under Armour shares surge 25% as company raises profit forecast on cost-saving strategies

Under Armour’s shares soared 25% on Thursday after the sportswear giant raised its annual profit forecast, citing lower input costs and effective cost-saving measures, such as reducing discounts at its stores and website. The strong performance came after several quarters of disappointing results, prompting company founder Kevin Plank to return as CEO. Plank’s plan to… Continue reading Under Armour shares surge 25% as company raises profit forecast on cost-saving strategies

Moderna posts surprise profit as COVID vaccine sales exceed expectations

Moderna reported a surprising third-quarter profit on Thursday, driven by cost reductions and stronger-than-expected sales of its COVID-19 vaccine, despite lower-than-anticipated revenue from its new respiratory syncytial virus (RSV) vaccine. Shares of the Cambridge, Massachusetts-based company jumped 11% in premarket trading. For the quarter, Moderna posted a profit of $13 million, or 3 cents per… Continue reading Moderna posts surprise profit as COVID vaccine sales exceed expectations

US stock ownership disparity: 62% of Americans invested, unequal distribution raises questions

According to a recent Gallup poll, 62 per cent of adults in the Unites States currently own stocks, which represents the highest percentage since 2008. While stock ownership is frequently regarded as an important component of economic participation and progress, the distribution of stock holdings tells a different tale, indicating growing wealth gaps among Americans.… Continue reading US stock ownership disparity: 62% of Americans invested, unequal distribution raises questions