Nasdaq is testing a key support level, which stocks hold the key?

The Nasdaq 100 Futures have landed on a key support level ahead of Big Tech earnings. Traders and investors will be keeping a close eye on the developments this week as some of the biggest tech companies in the country announce their quarterly reports. Here is how things currently stand on the daily chart. Source:… Continue reading Nasdaq is testing a key support level, which stocks hold the key?

Amazon can now be held responsible for defective products sold by third-party sellers

In a groundbreaking move that could reshape the e-commerce landscape, the US Consumer Product Safety Commission (CPSC) has ruled that Amazon can be held accountable for defective goods sold by third-party merchants on its platform.  This landmark decision marks a pivotal shift in how the e-commerce giant is regulated, potentially impacting millions of transactions and… Continue reading Amazon can now be held responsible for defective products sold by third-party sellers

Why is Jim Cramer optimistic on McDonald’s despite Q2 weakness?

Jim Cramer, the renowned financial commentator, is taking a positive outlook on McDonald’s Corp (NYSE: MCD) despite the company’s underwhelming second-quarter results.  As investors shift their focus from high-flying stocks to those with potential for recovery, McDonald’s stands out as a promising candidate for future growth. Although McDonald’s reported Q2 earnings that fell short of… Continue reading Why is Jim Cramer optimistic on McDonald’s despite Q2 weakness?

Microsoft Azure down: Cloud service faces global connection timeouts amid recent tech outage

Microsoft Azure, a major player in the cloud computing industry, is currently experiencing widespread connection timeout issues, disrupting services for businesses and individuals worldwide.  This connectivity problem, reported by Microsoft on Tuesday, is causing significant interruptions across various Azure services and has raised concerns about the reliability of the platform. Users globally are encountering timeouts… Continue reading Microsoft Azure down: Cloud service faces global connection timeouts amid recent tech outage

Perplexity AI to compensate publishers for content: Will Google and OpenAI follow suit?

In a bid to recover from recent public relations challenges, Perplexity AI is taking a significant step to enhance its image by launching a new initiative aimed at compensating content creators.  The startup, which faced backlash for utilizing premium content without proper attribution on its AI search platform, is now rolling out a program designed… Continue reading Perplexity AI to compensate publishers for content: Will Google and OpenAI follow suit?

Is ASML stock a Buy after Barclays’ upgrade and new $1,243 price target?

ASML Holding NV (NASDAQ: ASML) recently received a significant endorsement from Barclays, with an upgrade to Overweight from Equal Weight and a revised price target of $1,243, up from $1,005. This 24% increase follows a challenging period for ASML, marked by a 20% drop from its recent peak amid broader market turbulence and specific concerns… Continue reading Is ASML stock a Buy after Barclays’ upgrade and new $1,243 price target?

Lattice Semiconductor shares drop over 10% on weak Q2 results and BofA downgrade: Time to sell or hold?

Lattice Semiconductor Corp. (NASDAQ: LSCC) experienced a significant drop in its stock price today, opening down over 10% following a disappointing Q2 earnings report and a stark downgrade from Bank of America. This sharp decline has investors questioning whether to sell or hold onto their shares. On Tuesday, Bank of America analysts led by Duksan… Continue reading Lattice Semiconductor shares drop over 10% on weak Q2 results and BofA downgrade: Time to sell or hold?

AMD investors anticipate key updates on new GPU line ahead of Q2 earnings

As Advanced Micro Devices Inc. (AMD) prepares to announce its Q2 earnings after market close today, analysts project quarterly revenue of $5.74 billion. This growth is largely attributed to the company’s strong performance in the AI chip market and data center segment. However, investors are particularly focused on updates regarding AMD’s new line of GPUs.… Continue reading AMD investors anticipate key updates on new GPU line ahead of Q2 earnings

Sprouts Farmers Market jumps 15% on Q2 results and upgrades: Should you buy?

Sprouts Farmers Market Inc. (NASDAQ: SFM) saw its stock jump 15% today, buoyed by stellar Q2 results and a slew of analyst upgrades. On July 30th, Wells Fargo upgraded SFM’s stock from Underweight to Equal Weight, while also raising the price target from $62 to $90. This upgrade reflects a significant reassessment of Sprouts’ market… Continue reading Sprouts Farmers Market jumps 15% on Q2 results and upgrades: Should you buy?