The Federal Reserve meeting on January 31 announced another decision to keep its interest rate target at 525-550 basis points (bps) or 5.25-5.50%. This was the overall expected outcome since the last meeting.However, the shock came with Jerome Powell’s hint for March’s meeting, saying an interest rate cut is not likely. Consequently, leading financial indicators dropped massively following the announcement, causing markets to bleed.In particular, Finbold gathered data on six financial indicators from Tradin ...

Social media giant Meta Platforms (NASDAQ: META) is scheduled to announce its fourth-quarter 2023 results on February 1, sparking anticipation about the report’s potential impact on the company’s future trajectory.Meta expects total revenues ranging between $36.5 billion and $40 billion for the fourth quarter, with a predicted year-over-year top-line growth of approximately 2%. Ahead of the report, Meta’s stock has experienced short-term volatility, trading at $390.14 by press time, reflecting a decline of ...

Warren Buffett, the Oracle of Omaha and perhaps the best-known and least-disliked billionaire investor, is famous for his seemingly clairvoyant and immensely lucrative stock picks.At a glance, the billionaire’s portfolio results for 2023 – given that they were altogether mixed – might give the impression that at 93, he lost some of his spark, but it is important to remember that he was always playing the long game and that last year – marked by recessionary fears – was mixed across the board.This year, Finb ...

As the first month of 2024 draws to a close, Walmart (NYSE: WMT) stock continues its steady ascent, building on the incremental growth pattern established in the previous year.On January 30, Walmart announced a 3-for-1 stock split, saying a lower price would help more employees buy shares, in a development to enhance the working conditions and increase employee retention and job appeal.As of the January 30 closing, WMT stock has been at $165.59, reflecting a 0.33% increase from the previous closing. This st ...

The coffeehouse giant Starbucks (NASDAQ: SBUX) found itself entangled in the Israel-Hamas war as it sued the Workers United union for using its name in calling for a ceasefire, as it sued them for copyright infringement.The legal action required Workers United to discontinue the use of the name “Starbucks Workers United” for their labor organizing group. The lawsuit argued that using this name had triggered customer outrage and negatively impacted the company’s reputation.Nevertheless, Starbucks faced a new ...

One of Warren Buffett’s largest stock assets, which he has held onto for over two decades, has recently witnessed impressive price increases, culminating with a new all-time high (ATH) and promising massive profits for the renowned investor and Berkshire Hathaway (NYSE: BRK.A) CEO.Specifically, American Express (NYSE: AXP) is among Buffett’s stocks that have recorded positive gains throughout 2023, having advanced by 27.3% over the year and has more recently broken its own price record, hitting $203.88 on J ...

After the pandemic hit, many stocks suffered significant losses, which brought their value down by multiple folds. Meta Platforms (NASDAQ: META) was one of these. However, this stock has recovered, recently hitting its new all-time high.Amidst weak performance, Jim Cramer, widely acknowledged for his dynamic persona and outspoken views on stocks and cryptocurrencies, shared his thoughts through tears on TV.$META just hit 400 today to set ATH's and is officially up +300% since Jim Cramer cried on CNBC Incred ...

As we approach the end of the first month of 2024, investors are closely scrutinizing the overall stock market to gather insights into the potential trajectory of various sectors for the remainder of the year. Notably, the general market commenced the year positively, with specific equities building upon the momentum from the 2023 end-year rally, spurred by indications that the Federal Reserve might lower interest rates this year.Against this backdrop, the market performance has been diverse, with select se ...

Elon Musk’s electric vehicle (EV) maker, Tesla (NASDAQ: TSLA), has remained a darling of many analysts, investors, and technology enthusiasts even throughout the ever-deepening slowdown that has only become more severe in 2024.Late in 2023, several analysts predicted that the company would reach and breach a $1 trillion valuation by the end of 2024, with Morgan Stanley’s (NYSE: MS) Adam Jones setting the share price target at $380 and Wedbush’s Dan Ives at $350.The recent string of losses has, however, damp ...

In recent months, Advanced Micro Devices (NASDAQ: AMD) has experienced remarkable growth, driven by the increasing demand for artificial intelligence (AI)-driven chips. Notably, over the past year, AMD’s stock has surged nearly 150%, and the equity seems to be maintaining investor favor in 2024. Indeed, by press time, the stock had risen 28% year-to-date, trading at $174.99.ADM YTD stock price chart. Source: FinboldWith the stock consistently trading in positive territory in recent months, there is interest ...