Finance
Stock futures are pointing to a higher open for major indexes as investors digest a flurry of corporate earnings reports, while gold continues hitting new highs; Walmart (WMT) shares are higher after closing at record highs the last two days following news of the retailer’s collaboration with OpenAI; Salesforce (CRM) shares are gaining after the…
Baird sees shares of Rocket Lab taking off from their current levels. In a Thursday note, the investment firm initiated coverage of the rocket and spacecraft manufacturer at an outperform rating and $83 price target. Shares of Rocket Lab have soared 172% this year. While Baird’s price target implies the stock could gain an additional…
(Reuters) -Semiconductor stocks advanced on Thursday after top contract chipmaker TSMC (TSM) issued a rosy forecast, fanning optimism about demand for artificial intelligence infrastructure in a week of multi-billion-dollar deals across the sector. The company posted a record quarterly profit and raised its annual revenue expectation, pointing to robust demand from customers including AI chip…
Friday’s selloff in the stock market resulted in the biggest options volume day ever and the latest sign of the retail trading crowd’s incredible support of the stock market. Scott Rubner, head of equity and equity derivatives strategy at Citadel Securities, said Friday, Oct. 10 resulted in over 108 million contracts traded, only the second…
There have been a lot of special moments in the markets this year. The first Fed rate cut in more than a year is one of them. Since that September cut, investors have sent stocks and cryptocurrencies ripping to new highs, while gold prices have passed $4,000 an ounce. Think full-on market melt-up! April’s “Liberation…
There’s something highly unusual about gold’s recent breakneck performance: It’s happening at a time when stocks are also doing well — and there isn’t a crisis. Futures contracts tied to the precious metal are up 61% year to date, while the S & P 500 has risen 14%. Barclays’ trading desk noted that this “makes…
My top 10 things to watch Thursday, Oct. 16 1. Salesforce issued better-than-expected 2030 guidance and said it will return to double-digit organic revenue growth. Very important. It was perceived to be impossible because AI was hurting its other businesses while its own AI product, Agentforce, wasn’t catching on one year later. Shares jumped more…
The impact of President Trump’s tariffs is expected to weigh on economic growth worldwide in 2025, according to the International Monetary Fund’s new World Economic Outlook released Tuesday. “The outlook for the global economy continues to point to dim prospects, both in the short and the long term,” according to the IMF report. Global growth…
Investors took advantage of the market dip last week and piled into stocks, according to Bank of America Securities. Yet there was one cohort sitting out: hedge funds. The bank saw $4.1 billion in inflows to single stocks from clients, the fifth largest since 2008, it said in a note Tuesday. The move came after…
Blockchain-based prediction platform Polymarket introduced a new “up/down” equity market feature, allowing users to bet on specific stocks and benchmarks. Bet On Stocks Closing Price Using Polymarket The new contracts enable betting on whether certain stock prices or benchmarks will end higher or lower at a specified time. Note that this feature already exists for cryptocurrencies,…