Good MorningEquity markets cheered results from NVIDIA, proving the dawn of the AI age is here. The company's results and guidance are mind-boggling and bode well for investors but may not be the signal for an economic boom. The shift to AI is just that, a shift superseding previous technology already in place. In that light, the AI boom is the next phase in tech and not a new industry to drive and sustain growth. Regarding NVIDIA's share price spike, the stock is unlikely to go much higher than it is now without a significant market consolidation or correction.
Tech stocks rallied on the news, but the S&P 500 and NASDAQ Composite remain below critical levels. Broader economic conditions weigh on equities and provide a headwind for the market. This means equities are more likely to move sideways than not in the near to mid-term, and a long-term trading range could also be in play. Featured: Bank Accounts: Frozen! (Weiss Ratings) 
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Stocks | | | Plato once said, "Music is a moral law. It gives soul to the universe, wings to the mind, flight to the imagination, and life to everything."
The music industry can be a lucrative investment opportunity or a bottomless money pit.
Fortunately, professionals in the industry are publicly ... Read the Full Story |
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Shares of Ralph Lauren (NYSE: RL) are trading higher on Thursday's trading session, advancing as much as 8.2% amid bullish results from the company's first quarter 2023 earnings. RL stock chart would show it has outperformed other names in the sector, such as Under Armour ... Read the Full Story |
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Stocks | | | The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm’s allegations Read the Full Story |
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From Our PartnersThe need for lithium keeps going up, up, up with the mass adoption of electric vehicles. The lithium demand for EV batteries alone is now double the rate of lithium production.
That's why the U.S. government is pulling out all the stops to encourage domestic lithium production. | | | | See Who Could Benefit From "Mined in America" Lithium |
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A reversal has been brewing for Medtronic (NYSE: MDT) and healthcare device makers all year. Increasing procedure volume, supply chain normalization, and innovation drive results and underpinning growth. Medtronic’s Q4 results testify to that combination and should have increased the stock p... Read the Full Story |
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Markets | | | Technology stocks powered solid gains for Wall Street on Friday after another chipmaker reported strong demand related to artificial intelligence.The upbeat finish to the week for major indexes comes amid lingering anxiety over persistently high inflation, the risk of a U.S. debt default and broadly... Read the Full Story |
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Tech | | | Shares of Nvidia, already one of the world's most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. The company based in Santa Clara, California, is close to ... Read the Full Story |
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Markets | | | The failure of several large lenders earlier this year and the banking turmoil that followed have fueled worries for owners of office space such as Boston Properties and Vornado Realty Trust.The sharp runup in interest rates by the Federal Reserve over the past year and a slowing economy had already... Read the Full Story |
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Tech | | | U.S. applications for jobless claims rose slightly last week but remain at healthy levels with companies reticent to let go of employees in a tight labor market.The number of Americans filing for jobless claims for the week ending May 20 rose by 4,000 to 229,000 from 225,000 the week before, the Lab... Read the Full Story |
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As most retail - and a sizeable wholesale population - businesses struggled for years to compete against the goliath of industry, Amazon.com (NASDAQ: AMZN), a cleansing of inefficiencies and a spark of innovations has been taking over management conversations at the remaining operators. One resili... Read the Full Story |
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Sad but true, Dollar Tree confirms a growing trend in the retail world. Theft, euphemistically known as shrinkage, is on the rise and cutting into earnings, and this isn’t the 1st company to say so. Target (NYSE: TGT) has mentioned a growing problem with shrinkage for the last 2 quarters, an... Read the Full Story |
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Friday's Early Bird Stock Of The Day Bread Financial Holdings, Inc. provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit. The company also manages and services the loans it originates for private label, co-brand, and general-purpose credit card programs, and installment loans and split-pay products; and provides marketing, and data and analytics services. In addition, it offers an enhanced digital suite that includes a unified software development kit, which provides access to its suite of products, as well as promotes credit payment options earlier in the shopping experience. Further, the company through Bread, a digital payments platform and robust suite of application programming interfaces allows merchants and partners to integrate online point-of-sale financing and other digital payment products. It offers its products under the Bread CashbackTM, Bread PayTM, and Bread SavingsTM brands. The company was formerly known as Alliance Data Systems Corporation and changed its name to Bread Financial Holdings, Inc. in March 2022. Bread Financial Holdings, Inc. was incorporated in 1995 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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