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Why AI Darling Super Micro Computer Crashed Today
24/7 Wall Street· 2024-04-19 16:24
Why AI Darling Super Micro Computer Crashed Today Chris Hondros / Hulton Archive via Getty Images Artificial intelligence (AI) stocks are used to being treated like royalty. But not lately.Among today’s losing stocks, Super Micro Computer (Nasdaq: SMCI), aka Supermicro, is taking it on the chin with a steep fall to its two-month low. The stock has shaved nearly 20% off its value in early trading to below $800 despite the absence of any earnings warning.Supermicro has been trading in a wide range, having b ...
3 Heavy Weight Stocks Dragging the Market Down Today
24/7 Wall Street· 2024-04-16 20:35
3 Heavy Weight Stocks Dragging the Market Down Today mezzotint / Shutterstock.com With earnings season officially underway, the S&P 500 has been meandering between positive and negative territory throughout today’s trading session, most recently trading modestly lower. As of April 12, 6% of S&P 500 companies had reported Q1 earnings results, 83% of which had positive EPS surprises while over 50% had revenue upside, per FactSet.The index is currently reporting earnings growth of 0.9% for the quarter, a pac ...
Tesla Stock Punished As Earnings Season Heats Up
24/7 Wall Street· 2024-04-16 15:20
Tesla Stock Punished As Earnings Season Heats Up AdrianHancu / iStock Editorial via Getty Images Tesla (Nasdaq: TSLA) stock is off to a bumpy start in 2024, and it’s still early in the year.On Monday, CEO Elon Musk revealed he would be laying off 10% of the company’s global workforce, a move that comes as the EV maker faces heightened competition from China.The layoffs are part of a one-two punch that includes two key Tesla executives announcing their resignations, sending shares spiraling by 8.2% this we ...
2 AI Stocks that Could See Faster Growth than NVIDIA
24/7 Wall Street· 2024-04-14 12:59
2 AI Stocks that Could See Faster Growth than NVIDIA Shutterstock / tech_BG No stock in the S&P 500 has seen recent growth at levels approaching NVIDIA (Nasdaq: NVDA). Last quarter the company saw sales growth of 265% while profits soared an absurd 769%. Yet, a recent estimate for growth across different AI technology markets caught my attention. While the processors NVIDIA makes have been the hottest growth market in AI, another market could see even higher growth in the years ahead. The Future of AI Gro ...
6 Ultimate Dividend Stocks for Long-Term Passive Income Growth
24/7 Wall Street· 2024-04-14 12:50
6 Ultimate Dividend Stocks for Long-Term Passive Income Growth relif / Getty Images Since 1926, dividends have contributed approximately 32% of the total return for the S&P 500, while capital appreciations have contributed 68%. Therefore, sustainable dividend income and capital appreciation potential are essential for total return expectations.A recent study from the Hartford Funds, in collaboration with Ned Davis Research, revealed that dividend stocks have consistently outperformed non-payers. Over the ...
If You Invested $10,000 In Tesla 10 Years Ago, This Is How Rich You Would Be Today
24/7 Wall Street· 2024-04-14 12:16
If You Invested $10,000 In Tesla 10 Years Ago, This Is How Rich You Would Be Today Loren Elliott/Getty Images Among “The Magnificent Seven” stocks that have been buoying the Dow Jones Industrial Average to new heights, none of those companies’ founders eclipses their company’s product or service more than Tesla’s (NASDAQ: TSLA) Elon Musk. While Musk’s involvements with satellite and aerospace designer SpaceX, cryptocurrency Dogecoin, and social media company X (formerly Twitter) often overshadow Tesla’s E ...
Nvidia Analyst Expects Stock To Collapse
24/7 Wall Street· 2024-04-14 12:09
Nvidia Analyst Expects Stock To Collapse Shutterstock / JRdes Nvidia’s (NASDAQ: NVDA) stock has sold off slightly lately. However, it is up year to date by 78%, and over the last year by 233% to $880. One Wall St. analyst expects it to drop to $620. Recently, Nvidia stock did stumble.Gil Luria, senior software analyst at D.A. Davidson, has a “hold” rating on the shares, which is considered the equivalent of a “sell” of many firms. He says the company has “pulled forward demand.” That means that customers ...
Here's How Much an NVIDIA Stock Split Could Boost Its Share Price
24/7 Wall Street· 2024-04-13 19:02
Here's How Much an NVIDIA Stock Split Could Boost Its Share Price Shutterstock / rafapress NVIDIA (Nasdaq: NVDA) shares briefly entered correction territory (more than a 10% decline from recent highs) earlier this week. On Tuesday, NVIDIA hit an intraday low of about $830 per share. Yet, a series of upgrades on Wednesday and Thursday pushed NVIDIA shares back up, closing the week at $881.86. That’s a share price range still significantly above prices NVIDIA announced share splits in the past. With a stock ...
Here's Why AutoZone Will Likely Announce a Stock Split
24/7 Wall Street· 2024-04-13 13:21
Here's Why AutoZone Will Likely Announce a Stock Split Sundry Photography / iStock Editorial via Getty Images History credits Henry Ford with inventing the automobile assembly line. The notion of having a different workstation be responsible for a specific part in a precisely sequenced assembly protocol is a fundamental principle behind mass production and large product manufacturing. Nevertheless, mechanical auto parts are susceptible to excessive wear, breakdown, damage, and other conditions that can re ...
The 4 Dogs of the Dow With the Biggest Dividend Payouts Can Rule
24/7 Wall Street· 2024-04-13 12:33
The 4 Dogs of the Dow With the Biggest Dividend Payouts Can Rule 400tmax / iStock Unreleased via Getty Images The Dogs of the Dow is a well-known strategy first published in 1991 by Michael Higgins. The plan seeks to maximize the yield of investments by buying the ten highest-paying dividend stocks available from the Dow Jones Industrial Average each year. The highest-yielding stocks are also the lowest-priced stocks in the venerable average, as the lower a stock (or bond) goes in price, the higher the at ...