Weeks after warning investors that stocks could crack at any moment, after which the United States equities, indeed, started to sell off, analysts at JPMorgan Chase (NYSE: JPM) continue to stand by their bearish prognoses, arguing that the correction in the American stock market is far from over.As it happens, JPMorgan’s chief market strategist Marko Kolanovic has shared a pessimistic forecast that spells trouble for stocks despite a temporary stabilization in the market triggered by positive earnings resul ...

After a protracted deadlock, the U.S. House of Representatives passed a massive military-focused foreign aid bill on Saturday, April 20.The bill – in total, worth $95 billion and on its own bigger than the annual defense budgets of every country save for the U.S., China, and Russia – has three main beneficiaries: Israel, Ukraine, and Taiwan.It mostly focuses on replenishing and modernizing equipment and, in some cases, supporting humanitarian aid and salary payments. Along with the recipient countries, the ...

The recent phase in the stock market has been challenging, marked by concerns about potential reversals.Factors such as the Federal Reserve’s decision not to cut interest rates this year, escalating tensions between Iran and Israel, and semiconductor stocks like Nvidia (NASDAQ: NVDA) and Super Micro Computer (NASDAQ: SMCI) experiencing losses after sustained gains have contributed to this unease. According to former top US diplomat Richard Haass, despite these setbacks, the tough times in the market are far ...

For the most part, U.S. stocks were trading at a fever pitch throughout the first quarter of 2024, only to enter a deep and violent correction in April.Nowhere is this shift in trend more apparent than with the benchmark Dow Jones Industrial Average (DJIA) index, which – despite trading at record highs mere months ago – is now dangerously close to turning red in the year-to-date (YTD) chart.DJIA index YTD price chart. Source: GoogleStill, the most shocking moves – just as was the case during the rally – cam ...

Meta Platforms (NASDAQ: META) stock delivered an impressive performance in the first quarter of 2024, soaring by nearly 39% and indicating potential for further growth this week owing to various upcoming events. Additionally, historical data suggests a positive trend for META shares post-earnings, consistently boosting their valuation. For instance, the most recent earnings report resulted in a substantial 21% increase in the stock price, underscoring Meta Platforms’ optimistic outlook. Rise in META stock p ...

The stock market, now and then, delivers instances of traders hitting significant wins, demonstrating that anything is achievable. The market has substantial risks, from colossal losses to remarkable gains. Recently, one trader seemingly defied the odds.Per a post on X by stock market analyst Gurgavin Chandhoke on April 20, a trader transformed an $800 investment into a staggering $100,000 profit within mere hours by purchasing options in Nvidia (NASDAQ: NVDA).Profit from NVDA options. Source: Gurgavin Chad ...

Over the past week, the stock market continued its retracement, influenced by diminishing expectations of an imminent interest rate cut and escalating geopolitical uncertainty. Amid the circumstances, investors have turned to safe-haven assets such as gold.It is noteworthy that for several weeks, besides geopolitical tensions, stocks have encountered pressure due to persistent uncertainty surrounding Federal Reserve interest rate adjustments. However, certain stocks maintain their appeal amidst these condit ...

In a week marked by significant turbulence, ‘Magnificent Seven’ stocks experienced a notable decline, diverging sharply from their typically robust performance. This downturn reflects broader market fluctuations and raises questions about the sustainability of their growth in the face of economic uncertainties.The group, comprising Meta Platforms (NASDAQ: META), Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), Netflix (NASDAQ: NFLX), Alphabet Inc (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), and Nvidia (NASDAQ: NV ...

Renowned investor Warren Buffett, the founder and CEO of Berkshire Hathaway (NYSE: BRK.A), has long been associated with his strategic investment approach, particularly a preference for companies with a strong track record of paying dividends.Over the years, Buffett’s strategy has evolved to prioritize acquiring outstanding businesses at reasonable prices, moving away from solely seeking undervalued stocks.Warren Buffett’s investment philosophy, which prioritizes profitability and long-term value, has prove ...

The cryptocurrency market has showcased its capacity to boost investors’ portfolios. Reaching a peak of $3 trillion in market value in 2021, it’s resurging after a recent downturn. However, if you’re inclined towards the stock market, there are ample opportunities for substantial growth. In fact, certain stocks currently offer even greater potential than cryptocurrencies. Many of these opportunities lie within the rapidly expanding artificial intelligence field. Projections indicate that the AI market will ...