Broadcom Inc (NASDAQ: AVGO) recently announced projections for AI chip sales for 2024. The company is among the beneficiaries of massive AI investments by corporations. It hosted an “Enabling AI Infrastructure Investor Meeting” on Wednesday; here are some key analyst takeaways...
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 100 points on Thursday. The Dow traded up 0.84% to 39,844.27 while the NASDAQ rose 0.61% to 16,469.28. The S&P 500 also rose, gaining, 0.56% to 5,254.11. Check This Out: Micron, Accenture And 3 Stocks To...
U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.52% to 39,718.37 while the NASDAQ rose 0.84% to 16,506.28. The S&P 500 also rose, gaining, 0.53% to 5,252.23. Check This Out:...
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $67,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,500 mark this morning. Ondo (CRYPTO: ONDO) was the top gainer over the prior 24 hours, while Render (CRYPTO: RNDR...
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider...
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Rosenblatt boosted the price target for Micron Technology, Inc. (NASDAQ: MU) from $140 to $225. Rosenblatt...
On CNBC’s "Halftime Report Final Trades," Bryn Talkington of Requisite Capital Management names Pacer US Cash Cows 100 ETF (CBOE: COWZ), which has a current free cash flow yield of 7.9%. Stephen Weiss of Short Hills Capital Partners named Archer-Daniels-Midland Company (NYSE...
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Amazon (NASDAQ: AMZN) more than Shopify Inc. (NYSE: SHOP), but still recommended sticking with the latter one. "I think Shopify does an absolutely terrific job with small, medium-sized businesses, consumer...
As of March 21, 2024, three stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on...
FedEx Corporation (NYSE: FDX) is set to release earnings results for its third quarter, after the closing bell on March 21, 2024. Analysts expect the Memphis, Tennessee-based company to report quarterly earnings at $3.46 per share, up from $3.41 per share in the year-ago period. FedEx is projected...
Five Below, Inc. (NASDAQ: FIVE) reported an increase in earnings for its fourth quarter on Wednesday. Five Below reported quarterly earnings of $3.65 per share, up from $3.07 per share from the same period last year. Quarterly revenue clocked in at $1.34 billion, up from $1.12 billion year-over-...
PDD Holdings Inc. (NASDAQ: PDD) reported better-than-expected fourth-quarter earnings. PDD Holdings reported fourth-quarter fiscal 2023 revenue growth of 123% year-on-year to $12.52 billion (CNY88.88 billion), beating the consensus of $11.01 billion. The Chinese online retailer’s adjusted...
The Nasdaq 100 closed higher by over 200 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced....
Shares of Micron Technology, Inc. (NASDAQ: MU) rose sharply in today’s pre-market trading as the company reported upbeat results for its second quarter and issued strong third-quarter guidance. Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5....
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite...