In This Story After Morgan Stanley’s (MS-0.90%) bullish outlook, another financial giant has joined the optimistic chorus for the S&P 500 in 2025. What’s more, it expects the growth of the S&P 500 to occur without relying on the outperformance of the Magnificent Seven, marking a notable shift in market dynamics. How AI is revolutionizing…
All eyes are on Big Tech stocks as two “Magnificent Seven” giants, Amazon (AMZN) and Apple (AAPL), alongside semiconductor player Intel, prepare to unveil their quarterly results after market close. Another stock in focus is Super Micro Computer (SMCI), whose stock tumbled nearly 14% after Ernst & Young resigned as the company’s auditor. The move…
Tesla (TSLA) has work to do if it wants to remain among tech elites. Despite a surprising third quarter earnings report that sent the EV maker’s stock surging — resulting in its biggest intraday jump in over a decade — Wall Street is once again reevaluating its inclusion in the Magnificent Seven. The group’s members…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Tesla (TSLA) stole the show this week, notching its biggest day in over a decade on Thursday as investors applauded the company’s quarterly results with a flurry of buying. A 22% increase that…
How are banks responding to an era of massive tech disruption and the prospects of lower interest rate margins as global interest rates fall? The banking industry used to be a highly profitable business because interest rate margins – the difference between the lending rate and deposit costs – were high. In the 1960s, when…
The S&P 500 (^GSPC) is poised for its first weekly drop in seven weeks as investors brace for “Magnificent Seven” earnings and October’s jobs report ahead. Shares of Capri Holdings (CPRI), the parent company of Michael Kors and Jimmy Choo, are plunging after a US judge blocked its pending $8.5 billion merger with Coach owner…
Investors are bracing for another jam-packed day of earnings results. Tesla (TSLA) is set to kick off “Magnificent Seven” earnings after the closing bell. Wall Street is digesting the latest earrings from Boeing (BA) as its striking workers head into a critical vote on a tentative labor agreement. Coca-Cola (KO) is also out with its…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The broadening of the stock market rally has become a crucial theme during the second half of 2024. Amid the start of rate cuts — and economic data that’s showed the US economy…