Although the recent record-breaking rally of the S&P 500 has prompted multiple Wall Street strategists to raise their bets on its future performance, those at JPMorgan Chase (NYSE: JPM) stand firmly by their last year’s prognoses, even warning about the possibility of an even worse outcome.Indeed, as opposed to many of his peers, JPMorgan’s Dubravko Lakos-Bujas has shared a more depressing forecast, focusing on the risks “hovering in the background,” which outnumber the sources of upside and could strike at ...

Technology giant Apple (NASDAQ: AAPL) has continued to record losses in 2024, trailing other magnificent seven stocks. The company is now back in the news once again, this time regarding legal issues surrounding allegations of antitrust violations, a factor that partly warrants close attention from investors in the company’s stock.On a year-to-date basis, AAPL is down almost 8%, with the equity trading at $172.28 by press time. Notably, the stock that once made Apple rank as the world’s most valuable compan ...

Over the past week, the stock market recorded highs following the Federal Reserve’s indication that it will maintain its projection for three interest rate reductions this year, despite stubborn inflation readings.As we enter the new week, investors will be closely monitoring the market to gauge whether the recent gains will be sustainable. The market is likely to be influenced by various fundamentals such as the initial jobless claims report and revisions to the United States gross domestic product (GDP).B ...

Congress trading data usually provides valuable insights into the stock market, considering the influence Congress decisions can exert on stocks. Most recently, Congressman Daniel Meuser made three large sellings of Nvidia Corp. (NASDAQ: NVDA) shares, part of a massive trade.Finbold retrieved Congress trading data from Quiver Quantitative, gathered through “The Stock Trading on Congressional Knowledge Act.” This regulation requires U.S. Senators and U.S. Representatives to disclose any financial transaction ...

Nancy Pelosi shows no signs of slowing down, continuing to bolster her already successful investment portfolio. Recently, she disclosed a new investment worth over $1 million.Specifically, Pelosi’s latest investment through Forge Investments is in Databricks, a company focusing on big data and generative AI. Notably, Databricks is a pre-IPO company and Pelosi used Forge’s secondary markets platform to invest.Headquartered in San Francisco, Pelosi’s connection becomes even more evident as she represents this ...

In the realm of stock markets, even the smallest details can have a big impact. This was demonstrated recently by Lululemon (NASDAQ: LULU) after its earnings release on March 21. Despite the company posting impressive results, with a double earnings beat—$5.29 earnings per share compared to the expected $5.00, and revenue of $3.21 billion surpassing the expected $3.19 billion—the stock took a surprising nosedive, dropping by 13% in pre-market just hours after the conference concluded.LULU stock 24-hour pric ...

While only being the eighth most valuable asset on Earth, and the second commodity by market cap, silver is, unlike gold which has – apart from being shiny – for most of history been utterly useless – a true jack of all trades.Still, along with being used in fields as diverse as medicine, water treatment, textile manufacturing, and electronics, silver shares one trait with the world’s foremost precious metal – it has been used as a store of value for many centuries.Additionally, silver is one of the favored ...

Despite what its namesake might indicate, Nike Inc. (NYSE: NKE) has suffered a string of significant defeats in the last few days leading to an abysmal extended session performance that saw NKE shares dip 6.47% in the night between March 21 and 22 to below $100. NKE stock 1-day and extended session price chart. Source: GoogleIn the U.K. the clothes manufacturer sparked controversy and even calls for a boycott over a nation-unifying change to the design of the Cross of St. George on the kit of England’s nati ...

As artificial intelligence tightens its hold on various industries and the stock market, Nvidia (NASDAQ: NVDA) dominates investor conversations. With its robust quarterly reports, analysts constantly revising their targets, and NVDA stock hitting new all-time highs almost daily, some traders might feel overwhelmed.Now, they’re searching for a new frontrunner in the AI landscape, especially after previous disappointments from companies like Intel (NASDAQ: INTC) and Advanced Micro Devices (NASDAQ: AMD). Perha ...

Originally made famous by correctly predicting the 2008 crash and executing what has become known as “The Big Short,” the prominent investor Michael Burry has remained active in the stock market in the years since.While his name became somewhat more controversial in recent times due to stock picks and strategies viewed as odd – such as his $4.3 million bet on Alibaba (NASDAQ: BABA) – or simply wrong – like his 2023 bet against the semiconductor industry – Burry’s portfolio still holds many hidden gems and i ...