Dow Jones AI stock leader IBM, along with Grand Canyon, Spotify and Toll Brothers, are in or near buy zones on the stock market today...
Continue ReadingWall Street opened higher at the start of a data-heavy week, with traders adopting an optimistic tone ahead of crucial earnings reports and economic events. The S&P 500 rose 0.4% by midday trading in New York, while the tech-heavy Nasdaq 100 climbed 0.8%. The blue-chip index inched 0.1% up, and small caps slipped 0.8%. Four out of the six largest U.S. corporations – including Microsoft Corp., Apple Inc. (NASDAQ:AAPL), Meta Platforms Inc. (NASDAQ:META) and Amazon Inc. (NASDAQ:AMZN) – are set to r...
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Continue ReadingApple is giving app developers their first look at its highly anticipated Apple Intelligence platform...
Continue ReadingBig names in tech including Amazon (AMZN) and Microsoft (MSFT) will report their latest quarterly earnings this week. Investors will be watching the results closely following some mixed results from Tesla (TSLA) and Alphabet (GOOG,GOOGL). Allspring Global Investments Senior Portfolio Manager Bryant VanCronkhite joins Wealth! to give insight into the upcoming tech earnings from Big Tech names and what investors should keep in mind moving forward. VanCronkhite explains that though the AI trade has fueled the market gains, right now, the developments aren't really showing up in quarterly results, leaving some investors questioning when it will happen. In terms of the tech sector, and the rotation into small caps that has been seen in markets the last few weeks, VanCronkhite states: "I've been calling for this value rotation going back a couple of weeks now, and it's starting to play out well. There could be more legs to this, and it makes a lot of sense. With the amount of money being concentrated in a narrow market, we only get there for one of two reasons. We either get there because of greed or exuberance, which we have today around the AI trade, or you get there out of fear. When you're worried about the overall economy, maybe the Fed being late to react, pushing us into a recession, you want to get more and more capital around a fewer and fewer set of companies where you have the most visibility." He continues with: "So both fear and greed have pushed capital into a narrow market, but those will both get resolved eventually. And I think that the cool inflation prints is giving the market the belief the Fed can begin to act, giving them the chance to jump through that ever closing window to avoid a recession. And as that happens, the natural rotation is out of the concentrate names into the value trade into the broader markets." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino...
Continue ReadingFair Isaac's (FICO) third-quarter fiscal 2024 performance is likely to have benefited from strong momentum in its scores and software business...
Continue ReadingJungle Scout's latest research also showed the growth of TikTok as a shopping platform...
Continue ReadingThe move for an ad tier (for now, only in the U.K.) would follow that of competitors...
Continue ReadingMeta Platforms, Inc. has emerged as a leader in AI with their open-source strategy and Llama 3.1 models. Learn why META stock remains a strong buy...
Continue ReadingApple reportedly may not release its new artificial intelligence features until after its software overhaul planned for September, in what could be a setback for the iPhone maker amid anticipation for an AI-fueled upgrade cycle...
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