Midday Stock Movements Roblox Roblox, a video game company, experienced a 10% surge in its stock after posting a loss of 52 cents per share. This was lower than the anticipated 55 cent per share loss projected by analysts. The company also surpassed revenue expectations, generating $1.13 billion compared to the expected $1.08 billion. New…
China Stocks Look Attractive as India’s Run Up, says Abrdn’s Xin-Yao Ng Overview According to Abrdn’s Xin-Yao Ng, a Singapore-based investment manager of Asian equities, the high run-up of India stocks has made China relatively attractive. Ng believes there is significant value in China, but the timing of the economy’s rebound remains uncertain. Slow Growth…
Stock Picks Beyond the “Magnificent Seven” from Top Money Managers According to top money managers interviewed by , there are numerous stocks apart from the popular “Magnificent Seven” that present attractive opportunities at the moment. The “Magnificent Seven” comprises mega-cap tech stocks such as Apple, Alphabet, Meta, Microsoft, Amazon, Nvidia, and Tesla. Each of these…
Top Performing U.S. ETFs to Start the New Year The new year is off to a rocky start, with many of the most popular stock and bond funds falling in the first three days of 2024. But there are still plenty of ETFs with different strategies that are seeing big returns to kick off the…
Let Your Profits Run: Riding Uptrends in the Stock Market Several of 2023’s best-performing stocks were grossly undervalued at the beginning of the year. In some cases for reasons that were easily identifiable both then and now. Arguably the best example is Meta. At its November 2022 low Meta traded down to $90 a share,…
The Impact of Rising Treasury Yields on the Economy and Investment Trends The Rise of the 10-Year Treasury Yield Recently, the benchmark 10-year Treasury yield reached a significant milestone of 5%, causing concerns regarding its impact on stocks and the duration of this elevated level. Despite a slight retreat to around 4.96% by Friday, this…
Why a Fed Rate Cut in 2024 Could Spell Trouble for US Equity Investors A Warning from Hugh Gimber, Global Market Strategist at JPMorgan Asset Management According to Hugh Gimber, global market strategist at JPMorgan Asset Management, a cut in interest rates by the Federal Reserve next year is likely to have a negative impact…
Ahead of Earnings Season, Deutsche Bank Adjusts Price Targets on European Stocks Ahead of the upcoming earnings season, Deutsche Bank has made changes to price targets for nearly 30 European stocks. The bank’s analysts have upgraded one stock to a “buy” rating while cutting price targets on others. Denmark’s Orsted faces significant reduction in price…
**Tech Support Scam Leaves Retiree Penniless: The Growing Threat to Older Americans** Marjorie Bloom, a retired civil servant and widow, fell victim to a tech support scam in the spring of 2021 that left her devastated financially. The scam, which is becoming increasingly common and targets older adults, resulted in Bloom losing her entire life…
PhonePe Launches Indus AppStore Developer Platform PhonePe, the fintech startup backed by Walmart, has launched the Indus AppStore Developer Platform in a bid to attract Android developers in India. The platform promises several advantages for developers, including zero platform fees and no commission on in-app purchases. This move comes as PhonePe aims to win over…
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