The rally in software stocks – led by Palantir Technologies (PLTR) and Oracle (ORCL) — will continue in 2025 with improved earnings estimates and monetization of generative artificial intelligence two factors, a Jefferies analyst said. Palantir stock has gained 274% in 2024 while Oracle has advanced 82% The iShares Expanded Tech-Software Sector ETF (IGV), an…
Retail sales for October came in slightly above expectations early Friday, amid fresh doubts about future Fed rate cuts following generally in-line inflation reports and Federal Reserve Chairman Jerome Powell saying policymakers are in “no hurry” to cut interest rates. The S&P 500 fell sharply, extending weekly losses. ↑ X NOW PLAYING Wall Street Stays…
Meta Platforms Meta Platforms META $7.93 1.35% 52% IBD Stock Analysis Stock with flat base and 602.95 buy point META Possible early entry at 594.80, Nov. 7 high Composite Rating Industry Group Ranking Emerging Pattern Flat Base * Not real-time data. All data shown was captured at 11:04AM EST on 11/11/2024. Meta Platforms (META) is…
The U.S. has ordered Taiwan Semiconductor Manufacturing (TSM) to halt shipments of advanced chips to China in the latest move to curb exports of key U.S. technologies that could have military applications. TSM stock fell on Monday. Reuters reported Saturday that the U.S. Commerce Department told Taiwan Semiconductor, better known as TSMC, to stop shipping…
The Nasdaq, S&P 500 and Dow industrial indexes have rallied to record highs on the back of Donald Trump’s reelection victory and the latest Fed rate cut. The market is in a healthy position as quarterly results continue to roll in. However, the bond markets will take a quick break for the Veterans Day holiday….
Amazon.com Amazon.com AMZN $11.53 6.19% 182% IBD Stock Analysis Stock with 195.37 handle buy point AMZN rallying on earnings Composite Rating Industry Group Ranking Emerging Pattern Consolidation * Not real-time data. All data shown was captured at 11:40AM EDT on 11/01/2024. Amazon (AMZN) is the IBD Stock of the Day for Friday. Shares jumped after…
Dell Technologies (DELL) likely will be a major beneficiary of troubles at rival Super Micro Computer (SMCI), analysts say. Dell stock jumped Wednesday after Super Micro’s accounting firm quit. Super Micro stock crashed Wednesday after the data center specialist revealed that Ernst & Young had resigned as the company’s registered public accounting firm. EY had…
What’s better than Elon Musk giving you a million bucks one day? Scoring $19.3 billion. ↑ X NOW PLAYING Beating The Market: How To Find Outperforming Stocks And that’s exactly what happened Thursday when shares of Tesla (TSLA) jumped 21.9% following better-than-expected quarterly results. Musk’s nearly 13% stake in the electric-vehicle maker won the stock…
Boeing reports Q3 results Wednesday, while its union members are set to vote on a deal that could end the five-week-long strike. The Dow Jones manufacturer and its machinist union on Saturday reached a tentative agreement that could potentially resume factory production. Boeing stock, lagging at its worst level in two years, has climbed to…
Tesla (TSLA) and BYD (BYDDF) are the world’s largest electric-vehicle makers. In 2022, China EV and battery giant BYD’s vehicle sales raced ahead of Tesla’s and are now well more than twice as high. For all-battery electric vehicles (BEVs), BYD seized the crown in Q4 2023. However Tesla has regained that title in 2024. Tesla…