Nvidia's chipmaker Taiwan Semiconductor Manufacturing (TSM), along with Amazon stock and Costco Wholesale (COST), headline Wednesday's IBD Screen Of The Day, a column that focuses on top ideas in the IBD Stock Screener.X Wednesday's stocks to watch picks come from the Stocks Funds Are Buying screen, which finds issues that mutual funds are buying.Other notable stocks on the screen include eBay (EBAY) and Dow Jones banking giant JPMorgan Chase (JPM).Nvidia's ChipmakerTaiwan Semiconductor, better known as TSM ...

Core Viewpoint - Meme stocks, including AMC and GME, experienced a significant reversal after a substantial rally earlier in the week, with AMC taking steps to reduce its long-term debt through a private debt/equity swap agreement [1][4]. Group 1: AMC Theaters - AMC entered a private debt/equity swap agreement to exchange 23.3 million shares of newly-issued stock for $163.9 million worth of company bonds due in 2026, with shares issued at an average price of $7.33 per share [1]. - The theater chain's long-term debt was reported at $8.6 billion at the end of 2023, indicating a substantial financial burden [1]. - AMC raised $250 million by selling 72.5 million shares at an average price of $3.45 per share earlier in the week [1]. Group 2: Market Analysis - Analyst James Goss noted that the recent meme stock surge provides AMC with an opportunity to raise funds, which could support liquidity and debt reduction [2]. - The first quarter of the year was described as a "difficult start," and the second quarter is also off to a slow start, highlighting ongoing challenges for AMC [2]. - Goss expressed hope that AMC could eventually achieve a capital structure that would attract institutional support, although significant uncertainty remains due to high leverage [2]. Group 3: Meme Stock Performance - Meme stocks, including AMC and GME, saw sharp declines after a week of significant gains, with AMC stock falling 9.8% and GME stock tumbling over 13% [4]. - GME stock had soared 179% for the week as of Tuesday's close, while AMC shares had rallied more than 135% [4]. - Other meme stocks like Virgin Galactic and Koss also experienced declines, with Koss plummeting nearly 19% after a 92% increase earlier in the week [4].

Elon Musk's artificial intelligence startup xAI is in talks with Oracle (ORCL) on a multiyear, $10 billion cloud-computing deal, The Information reported Tuesday. Oracle stock jumped on the news.X Musk's xAI startup would become one of Oracle's largest customers, according to the report. The Information cited a person involved in the talks. The year-old xAI hopes to challenge OpenAI as a developer of large language models that power generative AI tools.On the stock market today, Oracle stock is up more than ...

Video game publisher Electronic Arts (EA) late Tuesday missed Wall Street's targets for its fiscal fourth quarter and gave a soft outlook for the current quarter and year ahead. EA stock fell in extended trading.X The Redwood City, Calif.-based company earned an adjusted $1.37 a share on net bookings of $1.67 billion in the quarter ended March 31. Analysts polled by FactSet had expected EA earnings of $1.52 a share on sales of $1.78 billion. In the year-earlier period, EA earned an adjusted $1.78 a share on ...

Rivian Automotive (RIVN) reports first-quarter earnings and revenue after the market closes Tuesday, with analysts expecting another loss amid speculation that Apple (AAPL) is looking to partner with the EV startup. Rivian stock advanced early.X Analysts expect Rivian to report a loss of $1.15 per share in Q1, improved from a $1.25 loss a year ago, with sales growing 100% to $1.17 billion.Ahead of earnings, Rivian stock surged early Tuesday after Taiwan-based Digitimes reported Apple could be exploring a pa ...

Apple (AAPL) is in talks with EV maker Rivian (RIVN) about a possible partnership, DigiTimes reported Monday night.X Taiwan-based Digitimes cited supply chain sources. But it's unclear what any such alliance would entail. Apple canceled its long-running "Project Titan" Apple Car in late February.Apple is holding a "Let Loose" event on Tuesday morning that is expected to focus on new iPads.Rivian reports first-quarter earnings Tuesday night.Apple, Rivian StockApple stock dipped 0.9% to 181.71 in Monday's tra ...

April was a poor month for stocks. Despite encouraging company earnings, investors took a breather and indexes fell after five months of solid gains. The Nasdaq lost 4.4% for the month while the S&P 500 fell 4.2%. The Dow Jones Industrial Average lost 5%, according to IBD MarketSurge.X Much of the indexes' poor performance can be traced to higher inflation and stronger jobs data pushing back hopes of a rate cut. As indexes came under pressure, there were fewer time-tested trading strategies to employ.Tradin ...

GE Aerospace (GE), the newly minted aerospace and defense pure play, continues to snag new highs amid price-target hikes. Is GE stock a buy?X GE Aerospace LaunchesOn April 2, General Electric split in two — into GE Aerospace and GE Vernova.GE Aerospace, which makes jet engines and aviation systems, kept the GE stock ticker. GE Vernova (GEV) houses a gas power and wind energy business.GE's health care spinoff, GE HealthCare Technologies (GEHC), debuted in January 2023.In 2021, an embattled General Electric a ...

The size of a company matters for investors, as firms owning a large market cap can offer greater stability versus those with a smaller stake. There also are very few companies that have made it to the $2 trillion club in market cap, but Nvidia (NVDA) stock is one.Along with being in the $2 trillion club, Nvidia is part of the Magnificent Seven. Now, there are several other Magnificent Seven stocks also in the same fast company as Nvidia in the $2 trillion club: Apple (AAPL), Google-parent Alphabet (GOOGL) ...

Group 1: Nvidia (NVDA) - Nvidia stock surged 6.2% to 877.35, rebounding above its 50-day moving average, with a potential early entry point at a trendline [2][3] - The stock rallied 15.1% this week, driven by positive earnings reports from other AI-focused companies like Alphabet, Microsoft, and Meta Platforms, which increased their AI investments [2] - Nvidia has a perfect 99 Composite Rating and a 99 ES Rating, with triple-digit earnings growth in the past three quarters [3] Group 2: Datadog (DDOG) - Datadog stock increased nearly 5% after bouncing off its 50-day line, influenced by Microsoft's strong earnings driven by cloud revenue [4] - The stock is forming a flat base with a 138.61 buy point, and analysts expect earnings growth to slow to 22% after four quarters of acceleration [4][6] - Datadog holds a perfect 99 EPS Rating and a 98 Composite Rating, with a 92 RS Rating [6] Group 3: Cameco (CCJ) - Cameco stock has risen over 26% from mid-March lows, supported by increasing uranium prices, with Q1 earnings expected to jump 25% to 25 cents per share [7][8] - Spot uranium prices have eased to around $85 per pound after reaching $100 in January, but demand remains strong [7] - Goldman Sachs initiated coverage of Cameco with a buy rating and a price target of 55, highlighting its position as a major nuclear fuel supplier [7] Group 4: Dell Technologies (DELL) - Dell stock rose nearly 32% after exceeding Q4 earnings estimates with a 22% increase to $2.20 per share, despite an 11% revenue decline [9] - UBS raised its price target on Dell to 141, citing shorter GPU lead times and growing AI server demand, forecasting a 48% increase in AI-related server units in 2024 [9][10] - DELL stock has increased 63.5% year to date, but investors may wait for a new base to form before entering [10] Group 5: Walmart (WMT) - Walmart stock is trading near all-time highs following a surprise Q4 earnings beat with a 5% increase to $1.80 per share and a 6% revenue growth [11][12] - The company plans to acquire TV maker Vizio for $2.3 billion to boost advertising revenue, and it recently completed a three-for-one stock split [11][12] - WMT stock formed a flat base with a 61.66 buy point, supported by its 50-day line, and a push above 60.53 could offer an earlier entry opportunity [12]