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Stock Market Falls Amid Iran Fears, Bank Reports; Retail Sales. Netflix Earnings Next.
Investors Business Daily· 2024-04-12 21:43
Netflix, Goldman Sachs And The Bitcoin Halving: Investing Action Plan10:54 AM ETNetflix and Goldman Sachs headline the earnings calendar. Bitcoin's halving waits in the wings as the market decides where to... 10:54 AM ETNetflix and Goldman Sachs headline the earnings calendar. Bitcoin's halving... ...
Techs Lead Stock Market Rally As Wholesale Prices Come In Tame; Nvidia Gets Support
Investors Business Daily· 2024-04-11 21:55
Dow Jones Futures: Market Rally Signals New Run As Nvidia, AI Stocks Hit Buy Areas10:50 AM ETNvidia and other AI stocks led Thursday as the market rally looks ready for a new run. JPMorgan kicks off... 10:50 AM ETNvidia and other AI stocks led Thursday as the market... ...
Morgan Stanley Dives As Regulators Open Wealth Arm Probes
Investors Business Daily· 2024-04-11 19:36
Morgan Stanley stock tumbled Thursday after the Wall Street Journal reported that the bank's wealth arm faces multiple federal probes over its client-vetting practices and potential money laundering risks.X The Securities and Exchange Commission, the Office of the Comptroller of the Currency, and Treasury Department officials are involved in the investigation, the WSJ reported, citing unnamed sources. The latest round of scrutiny comes after the Federal Reserve in November launched a similar probe.The regul ...
BofA Analyst Favors Large Cap Microsoft, Salesforce As Top AI Software Stocks
Investors Business Daily· 2024-04-11 16:03
Large cap software growth stocks such as Salesforce (CRM) are outperforming as investors rethink the sector's upside from generative artificial intelligence, says a Bank of America analyst. Salesforce stock and software makers such as Palantir Technologies (PLTR) are off 52-week highs heading into earnings reports that start in late April.X The iShares Expanded Tech-Software ETF (IGV) — comprised of many of the major enterprise software players — has gained only 6% in 2024 after soaring 59% last year."Despi ...
Nike Stock Jumps On Upgrade As Estimates 'Finally Look Achievable' Ahead Of Paris Olympics
Investors Business Daily· 2024-04-11 12:41
Nike stock rose early Thursday after the Dow Jones sports apparel behemoth received an upgrade from BofA Securities, citing the Paris Olympics as a catalyst. Rival sports retailers and footwear stocks were mixed Thursday morning.X Bank of America Thursday morning upgraded Nike (NKE) to a buy rating, from neutral, and hiked its price target to 113 from 110. Estimates are bottoming and "finally look achievable," according to a note reported by The Fly.com. BofA added that the stock's multiple had compressed d ...
With Earnings Coming On Wells Fargo Stock, We'll Look At A Cash-Secured Put
Investors Business Daily· 2024-04-10 18:59
Earnings season is back and Wells Fargo (WFC) is set to report on Friday before the opening bell. The options market is pricing in a 4.3% move in either direction. Today, we're looking at selling a cash secured put on Wells Fargo stock to take advantage of the high implied volatility around the earnings announcement.X Cash-Secured Put On Wells Fargo StockA cash-secured put involves selling an at-the-money or out-of-the-money put option. You simultaneously set aside enough cash to buy the stock.The goal is t ...
AI Chip Boom Drives Q1 Sales Beat For Taiwan Semiconductor Manufacturing
Investors Business Daily· 2024-04-10 12:37
Taiwan Semiconductor Manufacturing (TSM) on Wednesday topped expectations for first-quarter sales thanks to booming demand for artificial intelligence chips. But TSM stock wavered on the news.X The world's largest chip foundry, better known as TSMC, said its March-quarter sales rose 16.5% year over year in local currency. Analysts had been looking for a 13.9% increase in revenue.TSMC generated the equivalent of $18.86 billion in March-quarter sales, vs. estimates for $18.26 billion. In the year-earlier peri ...
IBM Earnings Trade Generates Returns If Stock Stays In Its Range
Investors Business Daily· 2024-04-09 12:30
International Business Machines (IBM) is showing an implied volatility percentile of 99%, which means the current level of IV is higher than 99% of all other occurrences in the last 12 months.X When volatility is high, it can be a good time to be an option seller rather than a buyer.Part of the reason for the high volatility in IBM stock is because the company reports earnings on Friday before the market open.Option traders can take advantage of the high volatility by selling a strangle. This option trading ...
Three Stocks Join Amazon In Trouncing S&P 500
Investors Business Daily· 2024-04-09 12:30
It is human nature to compare ourselves with others. That applies to our stock picks, too. How often do we compare a stock we hold with a benchmark like the S&P 500? Quite frequently, because we want our picks to do better. When we get a tool that makes it easier to find these winning stocks, we are improving the likelihood of that outperformance.X The relative strength line tool on IBD MarketSurge shows stocks that are doing better than the S&P 500.But rather than sift through thousands and thousands of st ...
Tesla Stock And The Robotaxi: What We Know And Don't Know
Investors Business Daily· 2024-04-08 13:32
A lot has happened for Tesla (TSLA) stock in the past three days.X It began when Reuters reported Friday the EV giant has canceled its long promised next-generation $25,000 vehicle, choosing to focus on developing its self-driving robotaxi platform. Reuters, citing three anonymous sources and internal messages, wrote that Tesla no longer plans to make its low-cost entry-level vehicle, the Model 2, and will continue developing its robotaxi on the "same small-vehicle platform."A source told Reuters that Chief ...