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Analysts revise Microsoft stock price target
Finbold· 2024-06-10 09:53
Given its close cooperation with OpenAI and hotly-contested acquisition of Activision Blizzard – one of the biggest companies in gaming responsible for titles like Call of Duty and World of Warcraft – it is hardly surprising that Microsoft (NASDAQ: MSFT) has done little other than grow in the last 18 months.Indeed, the trend has been so decisive that it enabled MSFT to become the biggest company in the world by market capitalization at the start of 2024. Despite the positive performance, this year has also ...
Here's why Nvidia stock is down 90%
Finbold· 2024-06-10 09:16
Owners of Nvidia (NASDAQ: NVDA) stock and attentive investors might be surprised when trading begins on June 10, as the NVDA share price has dropped 90% to $120.89. However, this decline is less alarming than it seems.NVDA stock 24-hour price chart. Source: FinboldThis price readjustment is not a consequence of the stock market crashing down but a part of a preplanned Nvidia 10-for-1 stock split that has been in effect since the market closed on June 7 and was announced at the latest earnings call on May 22 ...
2 stocks to reach $1 trillion market cap in the second half of the year
Finbold· 2024-06-08 17:24
For companies, attaining the $1 trillion market cap is a coveted feat due to what the measure symbolizes. Indeed, over the years, gaining a $1 trillion market cap represents a company’s dominant market position, financial strength, and influence on the economy.In this line, Finbold has identified the following two companies likely to hit the coveted market cap in the second half of 2024.Taiwan Semiconductor Manufacturing Company Taiwan Semiconductor (NYSE: TSM) has been a pivotal global tech supply chain pl ...
Wall Street vs. ChatGPT-4o: 1-year price targets for Microsoft stock
Finbold· 2024-06-08 13:48
Microsoft corp (NASDAQ: MSFT) has been on a remarkable growth trajectory, largely driven by strategic investments and acquisitions. A key factor in its recent success is its partnership with OpenAI, which has propelled MSFT stock to nearly double its value since late 2022, coinciding with the AI boom.In early 2024, Microsoft achieved the milestone of becoming the world’s largest company by market cap. This period also saw the introduction of new Copilot+ devices leveraging ChatGPT-4o, aimed at expanding “Co ...
Top 2 dividend stocks to buy for long-term gains
Finbold· 2024-06-07 13:06
Core Insights - Falling interest rates are leading money managers to shift towards income-oriented equities, particularly high-yield dividend stocks, as they offer yields above the S&P 500 [1] - The Federal Reserve may soon cut rates due to signs of a cooling labor market and core inflation, which is favorable for dividend stock investments [1] AbbVie (NYSE: ABBV) - AbbVie offers a dividend yield of 3.59% and has achieved a 10% annual dividend growth rate over the past five years, surpassing the 6% average among top dividend growers [2] - The stock trades at under 15 times forward earnings, making it attractively priced compared to the S&P 500's nearly 21 times forward earnings multiple [2] - Over the past five years, ABBV shares have appreciated by 117.71% [2] - AbbVie is managing the transition from the loss of market exclusivity for Humira, with strong sales from newer drugs like Skyrizi and Rinvoq, and Vraylar exceeding expectations [4][5] Pfizer (NYSE: PFE) - Pfizer has a dividend yield of 5.76% and is priced at less than 13 times future earnings, positioning it for potential outperformance over the next 10 to 20 years [6] - Despite trading below the S&P 500, Pfizer is a major player in the pharmaceutical industry with a promising pipeline [7] - PFE stock has declined by 29.17% over the past five years, primarily due to reduced revenue from COVID-19 product sales post-pandemic [8] - Pfizer's focus on oncology, which has strong pricing power, is often overlooked, but it remains a significant aspect of its long-term strategy [8] - Both AbbVie and Pfizer are suitable options for investors seeking high yields on long-term investments [8]
Analyst predicts Nvidia to hit $5 trillion market cap
Finbold· 2024-06-07 12:57
While Nvidia’s (NASDAQ: NVDA) rise since late 2022 has been well deserved considering the semiconductor giant’s pivotal role in the ongoing artificial intelligence (AI) boom, it has also, arguably, been a highly disruptive force for the standard stock market logic.It took Apple (NASDAQ: AAPL) – a company famous for its incredible performance – more than 10 years to manage a jump from a market capitalization of approximately $400 billion to about $3 trillion.The blue-chip chipmaker, however, achieved the sam ...
Wall Street vs. ChatGPT-4o: 1-year price targets for Amazon stock
Finbold· 2024-06-07 10:08
As the stocks of Amazon (NASDAQ: AMZN) continue to grow in a year that has marked a new all-time high (ATH) for their price, both stock market experts and artificial intelligence (AI) platforms agree on one thing – the price of AMZN shares will continue to advance in the next 12 months.In this context, Finbold has consulted the most recent and advanced model of the OpenAI invention ChatGPT, called ChatGPT-4o, as well as retrieving the updated price predictions shared by renowned Wall Street analysts to comp ...
Monster insider trade alert for Meta stock
Finbold· 2024-06-07 09:04
The technology and communication sectors have been among the top performers in the S&P 500 this year, driven by the AI revolution and strong market momentum.Combined with the AI revolution, it is no wonder Meta Platforms (NASDAQ: META) is up 42% in 2024 alone, setting new all-time highs.This strong performance has motivated former Chief Operating Officer Sheryl Sandberg to sell 103,459 META shares on May 29 for a profit of almost $50 million. The sales were executed in accordance with a Rule 10b5-1 trading ...
The new King of Dividend stocks with a 10% increase
Finbold· 2024-06-06 13:58
UnitedHealth Group (NYSE: UNH) recently announced a significant increase in its dividend payout, reaffirming its commitment to enhancing shareholder returns.The board of directors approved an 11.70% increase in the quarterly cash dividend from $1.88 per share to $2.10, following a 13.93% increase in October 2023. The new dividend will be paid out on June 25, to shareholders of record as of June 17.Dividend yield for UNH stock. Source: TradingViewBased on the latest payout and the June 5 closing price, the d ...
If you invested your $1,200 stimulus check in Tesla stock in 2020, here's what you'd have now
Finbold· 2024-06-06 13:19
The panic surrounding the COVID-19 pandemic reached a fever pitch in the first half of 2020, causing severe disruptions to lives and livelihoods. In response, governments the whole world over implemented stimulus packages to offset the crisis, thus helping stop a brief but sharp recession and arguably worsening the debt crisis and helping kickstart both the meme stock craze, and the era’s cryptocurrency bull market.Indeed, in the United States, many individuals opted to use the Coronavirus Aid, Relief, and ...