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Looking for stock market analysis and research with proves results? Zacks.com offers in-depth financial research with over 30years of proven results...
Continue ReadingThe tech-heavy Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) are taking hits leading into the final trading hour of Wednesday, July 17, in connection to a selloff by semiconductor companies. Julie Hyman and Josh Lipton bring on the leading experts and market strategists to talk about where the market is headed and how US-China trade relations could impact growth. Yardeni Research President Ed Yardeni joins the program to discuss movements in small and mid cap stocks, touching on which direction tech sector trends could move in based on the Federal Reserve's commitment to interest rate cuts. KraneShares Managing Director David Adelman, who also served as the US ambassador to Singapore, comments on the role stricter US export controls could have on pushing China to possibly "accelerate... development of its ecosystem." Wedbush Securities SVP of equity research Matt Bryson believes the US-China trade policies won't have much effect on chipmakers like Nvidia (NVDA). Other top trending tickers on the Yahoo Finance platform include Tesla (TSLA), Charles Schwab (SCHW), JB Hunt Transport Services (JBHT), and Johnson & Johnson (JNJ) after the pharma giant reported a second-quarter beat on earnings estimates. This post was written by Luke Carberry Mogan...
Continue ReadingMicrosoft announced on Wednesday that its AI-powered Designer app is officially coming out of preview and is now available to all users on iOS and Android. The Canva-like app lets people generate images and designs with text prompts to create things like stickers, greeting cards, invitations, collages and more. Designer is now accessible in more than 80 languages on the web, available as a free mobile app and as an app in Windows. The app features "prompt templates" that are designed to help jum...
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On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the biggest stories to watch on Thursday, July 18. The Nasdaq Composite (^IXIC) sunk by 512 points — or 2.77% — in Wednesday's trading session. The S&P 500 (^GSPC) also closed 1.39% lower, while the Dow Jones Industrial Average (^DJI) saw a 0.60% bump higher to a new record high. Markets have taken a turn as the Russell 2000 (^RUT) makes gains while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) lag from pressure facing the chip sector. Kestra Investment Management CIO Kara Murphy says, "If you look at over the last six months, 80% of the constituents of the S&P 500 have underperformed the index... Now all of a sudden, we get a couple of good inflation prints, a couple good labor prints. Looks like Fed can start to cut interest rates, and all of a sudden, the macro environment starts to change. And I think this is a hint of what is going to turn out to be a broader trend." She encourages investors to start rotating out some mega-cap names for some smaller-cap and mid-cap names, explaining that with mid-caps, "you have companies that are a little bit more established, a little bit more mature, a little bit more diversified, better balance sheets in general, but largely ignored by a lot of the market." United Airlines (UAL) posted mixed second quarter results. Adjusted earnings per share of $4.14 topped estimates of $3.93. Operating revenue of $15.0 billion was about in line with the estimated $15.04 billion, but passenger revenue of $13.68 billion was just shy of the expected $13.74 billion. The airliner disappointed with its third quarter outlook, projecting adjusted earnings of $2.75 to $3.25 per share, coming in below the anticipated $3.38. Third Bridge global sector lead for industrials, materials, and energy Peter McNally explains, "most of the market has gotten this heads up now that the airline industry is softening. There's just too much capacity right now and we're at a peak demand season. And it's weighing on the revenues outlook." He adds, "it gets more interesting for United longer term," as capital expenditures seem lower year-over-year and Boeing's (BA) deliveries slow. He notes that United's future plans depend on getting new planes from Boeing, and he's keeping a watchful eye on how those plans get pushed. Alphabet (GOOG, GOOGL) is currently in talks to by cybersecurity firm Wiz for a deal valued around $23 billion, according to Bloomberg. As the Justice Department and Federal Trade Commission have been recently pushing back on a number of Big Tech deals, Yahoo Finance legal reporter Alexis Keenan breaks down why a potential Alphabet-Wiz deal is unlikely to evade regulator scrutiny. Finally, Julie Hyman and Josh Lipton break down what to watch on Thursday, July 18, from the end of the Republican National Convention to major earnings including Taiwan Semiconductor Manufacturing Company (TSM) and Netflix (NFLX). This post was written by Melanie Riehl...
Continue ReadingThe video game industry is reaching outside of its comfort zone as audiences are seeing exposure to more video game adaptations, TV series, M&A activity between studios, and even partnerships with popular streaming services. "The overall entertainment industry is large, it's a significant part of the global economy. And gaming is the biggest part of that — it's a $200 billion business today. It's bigger than streaming, bigger than the movie box office. Across the globe, 3 billion people play video games," former Nintendo (NTDOY) of America President and COO Reggie Fils-Aimé explains to Josh Lipton on Asking for a Trend. An industry veteran, Fils-Aimé held the positions of Nintendo of America president and COO from 2006 to 2019. He believes the gaming industry is "poised for an upswing" following post-pandemic contractions from game studios and consumers. Fils-Aimé weighs in on rising trends in gaming, including VR and AR headsets (virtual reality and augmented reality) — namely Apple's (AAPL) costly Vision Pro — and cloud gaming technology. Cloud gaming is "just going to be another way that consumers can get access to games in the end, this is an industry that is driven by content," Fils-Aimé says, underlining the fact that it will "always come down to the games" no matter the platform or hardware behind it. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan...
Continue ReadingAmazon-backed Anthropic is partnering with Menlo Ventures to launch the Anthology Fund, a $100 million fund focused on artificial intelligence startups that could help advance Anthropic's technology...
Continue ReadingOn today's episode of Asking for a Trend, Host Josh Lipton break down some of the biggest stories and trends impacting markets. The cyberattack on CDK Global, the software provider for car dealerships across the US and Canada, led to system outages for auto dealers across North America. Meanwhile, prices for new cars remain well above pre-pandemic levels. CoPilot founder and CEO Pat Ryan explains that the hack "really threw the industry back to the Stone Age in a lot of ways because with the systems locked down, they [car dealerships] couldn't do business the way they are." He also points to "structural increases in car prices" leading to consumer pressures: "We're still up over 30% from pre-COVID. So there's sticker shock for people who have bought a car since before COVID. And then when you add in that most cars are bought with financing, about 80% of cars. And so when your car is bought with financing, interest rates go up and prices go up. That has a compounding effect that has really made them unaffordable." The tech sector was dealt a major blow in Wednesday's trading session as chip giants like Nvidia (NVDA), Taiwan Semiconductor Manufacturing Company (TSM), and ASML Holding (ASML) sank in the day's session. Meanwhile, signs of a so-called "Trump Trade" are ringing throughout Wall Street, specifically with interest in M&A activity which could see a pullback if the former president were to take the White House once again. Yahoo Finance markets reporter Josh Schafer joins the show to break down the latest market trends for July 17. The Russell 2000 (^RUT), an index tracking small caps, broke its 5-day winning streak at market close on Wednesday. Market Domination Anchor Julie Hyman breaks down the latest data pointing to potential signs of a rotation out of Big Tech. Warner Bros. Discovery's (WBD) TNT may be losing out on the media rights to the NBA as Comcast (CMCSA) has reportedly reached a deal with the basketball giant. In addition, Disney's (DIS) ESPN and Amazon's (AMZN) Prime Video platform will be paying the NBA more for their game rights. Although Warner Bros. has the option to match the incoming offers, LightShed Partners media and technology analyst Rich Greenfield doubts it will: "I don't believe that Warner Bros. really wants to spend 1.8 plus billion dollars on a rights package for a much smaller package with less playoff games." Catch more Yahoo Finance coverage on the media and streaming landscapes as part of this week's Media, Streaming, & Investing: What's Next special. This post was written by Melanie Riehl...
Continue ReadingApple's stock has risen by more than 10% in just the past month...
Continue ReadingThe NBA has reportedly agreed to a new 11-year, $76 billion media rights deal that could leave Warner Bros. Discovery (WBD) and its TNT network out in the cold. Comcast's NBCUniversal (CMCSA), Amazon Prime Video (AMZN) and Disney's (DIS) ESPN are set to win the rights, though WBD still has time to match one of the current offers. LightShed Partners media and technology analyst Rich Greenfield told Yahoo Finance that he doesn't "believe that Warner Bros. really wants to spend $1.8 plus billion on a rights package for a much smaller package with less playoff games than they have now." Meanwhile, the media rights for the WNBA will reportedly see the league earning $2.2 billion over the next 11 years. Yahoo Finance senior reporter Alexandra Canal breaks down the latest in the video above. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by John Lesinski...
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