With Celsius trading at 74 times forward earnings, the market is tempering its expectations on this high-flying energy drink stock. Celsius (CELH -18.34%) stock dropped 17% as of 12:30 p.m. ET today as the market absorbed new Nielsen data. For the week ending May 18th, the energy drink maker saw sales growth decline sequentially to 39%. While this figure is higher than the company's 37% sales growth in the first quarter of 2024, Celsius saw its market share dip from 10.8% to 10.5%. Making matters worse, Mor ...

Elon Musk knows how to raise money -- and a meaningful amount may be heading Nvidia's way.Nvidia (NVDA 6.87%) stock just keeps rising. Today's jump of about 7% as of 1 p.m. ET wasn't due to any new information from the company. Nvidia released its quarterly earnings last week and the stock jumped on that news.But today's move -- and the reason why Nvidia shares can keep moving higher -- comes from another company's announcement today. Nvidia's sales have been soaring, and now investors see another multibill ...

Illinois could raise its tax rate for sports betting from 15% to as much as 37%. Shares of online sports gambling website DraftKings (DKNG -11.57%) got decked on Tuesday, falling 13.5% through 11:50 a.m. ET. The Wall Street Journal reported that Illinois legislators have approved their 2025 budget, including a provision that would more than double taxes on sports betting operators. Citing multiple analyst reports, TheFly.com estimates that the new law, if signed by the governor, will raise DraftKings' Illin ...

Elon Musk unintentionally gave the chipmaker a boost.Shares of Nvidia (NVDA 7.28%) surged higher on Tuesday, jumping as much as 5.6%. As of 11:54 a.m. ET, the stock was still up 5.1%.The catalyst that sent the chipmaker and artificial intelligence (AI) specialist higher was word that another AI start-up had raised billions of dollars, which is likely good news for Nvidia.Heavy spending on AIxAI, the AI start-up founded by Elon Musk, announced on Sunday it had raised $6 billion in its latest funding round. T ...

Core Insights - Investors are reacting negatively to the late-stage results of Summit Therapeutics' experimental cancer therapy, ivonescimab, leading to a significant decline in stock price [1][2] - The therapy showed a median progression-free survival of 7.06 months when combined with chemotherapy, compared to 4.8 months for chemotherapy alone, but had a high incidence of severe adverse events [2] - Summit received its first regulatory approval in China for ivonescimab as a second-line treatment for advanced or metastatic NSCLC with EGFR mutations [3] - The majority of serious adverse events reported were related to chemotherapy rather than ivonescimab, suggesting a potential silver lining in the safety profile [4] - Some investors may see the stock pullback as a buying opportunity, although many analysts recommend caution due to more attractive options in the market [5]

Group 1: Palantir Technologies - Palantir's stock has more than tripled since the start of last year but has recently declined by 24% from its peak two months ago [3] - The company projects a 22% growth in the current quarter, up from a 21% increase in the previous quarter, with full-year revenue growth expected to exceed 20% [4] - Palantir has established itself as a leader in AI, data science, and machine learning, integrating AI with enterprise data [5] - The company has reported profitability for six consecutive quarters and is expanding its appeal to private businesses, with commercial revenue growing faster than public sector work [6] - Despite being considered overpriced at 64 times this year's projected earnings, the recent correction may present a buying opportunity [7] Group 2: Norwegian Cruise Line - Norwegian Cruise Line's stock is down 20% this year, despite the cruise industry achieving record bookings and customer deposits [8][9] - The company recently improved its adjusted earnings-per-share guidance from $1.23 to $1.42, indicating a positive outlook [10] - Norwegian's stock is currently trading at a multiple of 11.3 times the projected earnings of $1.42, down from 15.4 times the previous guidance [11] - The company is forecasted to achieve $1.80 per share next year and has set a 2026 profit target of $2.45 per share, suggesting a low valuation at 6.5 times the 2026 target [12]

Nvidia was the first chip stock to reach a trillion-dollar market cap, but another could reach that milestone very soon.As it stands today, there are only seven companies in the world with market capitalizations in excess of $1 trillion. This exclusive club includes six of the  "Magnificent Seven" -- Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta Platforms.Nvidia is the only pure-play semiconductor and data center services business with a trillion-dollar valuation right now. But as Advanced Micro Devi ...

This semiconductor stock is all set to grow rapidly in the coming years.The U.S. stock market has demonstrated remarkable resilience and growth over the past decade despite multiple economic challenges and geopolitical pressures. This environment has helped pave the way for high-growth companies such as Nvidia, Apple, Amazon, Alphabet, Meta Platforms, and Microsoft to reach the coveted trillion-dollar market capitalization.These companies have demonstrated powerful and scalable business models, visionary ma ...

These companies have grown their dividends despite some troubles.Equities never follow a flawless, unimpeded upward path. Sometimes, even the strongest companies will encounter issues that will sink their stock prices. That's OK. The key to earning great returns over five years or more is sticking with those longtime winners, even when they aren't exactly winning. Doing so will be worth it in the end.Let's look at two stocks that haven't been able to keep up with the rising stock market over the past few ye ...

The aerospace company has plenty of long-term growth prospects based on its dominant market position in airplane engines.UBS recently raised its price target on GE Aerospace (GE 1.25%) stock from $191 to $201 while maintaining a buy rating on the stock. According to thefly.com, the UBS analyst's argument is based on GE Aerospace's strong position in the airplane engine aftermarket. Bullishness comes from a combination of growing flight departures and GE's dominant position in commercial aircraft engines. It ...