Ever since the AI stock bull market began in early 2023, it has been dominated by the Magnificent 7 tech stocks of Apple (AAPL), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOGL), Meta (META), Amazon (AMZN), and Tesla (TSLA). Those seven stocks rose nearly 150% from early 2023 to summer 2024. The rest of the market –
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A Forward Air Corportation truck. Courtesy: Business Wire Company: Forward Air (FWRD) Business: Forward Air is an asset-light provider of transportation services. These transportation services include less-than-truckload (LTL), truckload and intermodal drayage services and freight brokerage and supply chain services across North America, Europe and Asia. Its segments include Expedited Freight, Intermodal and Omni Logistics.
Happy Saturday! I hope you’ve had a great week. Though, unfortunately, stocks certainly did not. The market ended a rough week on a sour note after receiving August’s weak jobs report. Broadly speaking, the data missed expectations and reinforced worries about a weakening labor market and potential incoming recession. And that’s led the S&P 500
Following the arrival of a less-than-stellar jobs report, the stock market is now wrapping up a bad week on a sour note. Broadly speaking, August’s jobs data missed expectations and showed a big slowdown in hiring last month. That disappointing print only stoked investors’ fears about a potential recession on the horizon. But that same
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it
The stock market has found itself in a bout of volatility recently – but that all could change in about two weeks when the Federal Reserve cuts interest rates for the first time in this cycle. While the S&P 500 is up more than 15% so far in 2024, pretty much all those gains came
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 4, 2024. Brendan Mcdermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your
September is historically a terrible, horrible, no good, very bad month for stocks – and Tuesday certainly lived up to the reputation. Over the past roughly 100 years, stocks have averaged a 1.2% drop in September, making it the worst month for stocks by a wide margin. The past five years have been especially bad
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images More than half of Tiger 21’s members don’t invest in Nvidia, according to a recent asset allocation report released by this network of ultra-high-net-worth investors and entrepreneurs. The network’s second-quarter asset allocation report revealed that 57% of its
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. Brendan McDermid | Reuters Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.
Nearly two years ago, OpenAI debuted ChatGPT, its next-gen AI-driven chatbot. And with that launch, the firm kickstarted an AI frenzy that has since reshaped the global economy, the stock market, even parts of our daily lives. Now it appears that OpenAI is gearing up to do it all over again with a brand-new iteration.
In this article ET WMT EPR Follow your favorite stocksCREATE FREE ACCOUNT The Walmart logo is seen at one of its stores in Miami on May 2, 2024. Jakub Porzycki | Nurphoto | Getty Images With the Federal Reserve expected to cut interest rates in September, dividend-paying stocks could be set to outperform. That is
With the release of this morning’s inflation report, the last piece of the current economic puzzle has now fallen into place. And it’s got the stock market buzzing with enthusiasm – for good reason. Indeed, July’s personal consumption expenditures (PCE) data revealed that the core PCE Price Index — a key measure of inflation that
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today.
Today, stocks are rallying to fresh record highs. Though, that’s not necessarily news; it’s been happening all year long. But I’d argue that today is much more than just your average “good day” on Wall Street. In fact, this could be the Street’s best day of 2024. Now, that’s not because stocks are posting their
We’ve been pounding the table on AI stocks for a long time now, and we’re still pounding the table on them today. But they aren’t the only good stocks to buy in the market right now. We’re also huge fans of consumer stocks at the current moment. Today, Nordstrom (JWN), Abercrombie & Fitch (ANF), Foot
Whether inspired by science fiction or true technological progress, people have long feared that human workers will one day be replaced by robots or artificial intelligence (AI). To some, that future may be generations away. But ever since ChatGPT’s debut in late 2022, AI has progressed at unfathomable speeds. And over the past few quarters,
Wall Street loves artificial intelligence no matter what flavor it comes in. After intelligent voice leader SoundHound AI (NASDAQ:SOUN) reported second-quarter earnings on August 8, analysts engaged in a round of raising their price targets on SOUN stock. They now have a $7.08 per share consensus view for the stock, which implies a 42% upside
In this article PTLO Follow your favorite stocksCREATE FREE ACCOUNT Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images Company: Portillo’s (PTLO) Business: Portillo’s owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and
For years now, Americans have endured one of the most fast-and-furious rate-hiking cycles in modern history. But today – thanks to U.S. Federal Reserve Board Chair Jerome Powell – they can finally breathe a sigh of relief. That’s because this morning, at a highly anticipated conference in Jackson Hole, Wyo., Powell confirmed that the Fed
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