The Los Angeles Clippers are exploring trade options for Bones Hyland and PJ Tucker, with Tucker unlikely to negotiate a buyout due to his player option for next season.
Media mogul Byron Allen has made a $14.3 billion bid to acquire all of Paramount Global's outstanding shares, causing the company's stock to surge over 10% in early trading.
The global veterinary dental equipment market is expected to reach a valuation of US$ 347.3 million in 2024 and is projected to be worth US$ 621 million by 2034, driven by a growing awareness of the importance of oral health in animals and the integration of advanced digital imaging and diagnostic tools in veterinary dentistry.
Smartphone shipments in 2023 saw a decline and Apple became the top seller, while Samsung experienced a decline of 13%, according to Canalys, who also noted the rebounding demand in emerging markets driving global recovery in the second half of the year.
Shares of Tesla are down almost 3% in pre-market trading after a judge rejected CEO Elon Musk's $56 billion compensation package.
Germany's EV sales are projected to drop by 14% for the first time in eight years, due to factors including the end of their EV subsidy program, inflation, rising car prices, and sub-par charging infrastructure.
US stock futures turned lower as tech giants' earnings failed to meet investors' expectations, causing the Nasdaq to fall over 1%, while Wall Street awaited the Federal Reserve's interest rate decision; meanwhile, the latest ADP employment report showed that private employers added 107,000 jobs in January, below estimates and the December figures.
Fox Business Channel and Fox News Channel are airing various shows throughout the day, with topics ranging from financial news to current affairs, and the White House holds a briefing in response to a recent drone attack.
The Federal Reserve's interest rate decision is anticipated to remain unchanged as analysts suggest that Fed Chair Jerome Powell's guidance may not have as much influence on the stock market as previously believed, with market trajectory being driven by other factors such as inflation rates and geopolitical tensions.
Investors should prepare for lower stock market returns and a possible recession extending into 2025, according to market forecaster Gary Shilling, who cites slower economic growth, steep valuations, and fading speculation as contributing factors.
Five stocks that still look like solid buys in the new bull market are Alphabet, Airbnb, UiPath, Meta Platforms, and Visa, as they are reasonably valued and show signs of growth and recovery in their respective industries.
### Summary Here are five stocks that still offer good value for investors in the new bull market: Alphabet, Airbnb, UiPath, Meta Platforms, and Visa.
Pharmaceutical company Novo Nordisk has reached a record valuation of $500 billion driven by increased sales in the weight loss sector, but it faces competition and supply chain challenges.
Insiders' trading activity suggests a potential market pullback, particularly in the tech sector, which could lead to a decline in overall investor sentiment, making it advisable to buy weakness rather than chase stocks, especially in tech.
Markets may be too optimistic about the Federal Reserve's rate cuts as critical data on disinflation has yet to show significant signs, and the Fed remains committed to combatting inflation, potentially injecting downside volatility into risky assets.
The U.S. stock market is poised to end January on a positive note, but history shows that February can be a challenging month for equities, particularly in election years, with the S&P 500 and Dow Jones Industrial Average often experiencing negative returns during this month.
Demand for obesity drugs has driven Novo Nordisk's market value to new records as its sales and net profit increase significantly, with its flagship weight loss drug, Wegovy, and diabetes drug, Ozempic, leading the growth.
Celebrities are launching alcohol-free brands in response to a cultural shift towards mindful consumption and increased interest in reducing alcohol intake, with the 'sober curious' movement gaining momentum, leading to a promising future for the non-alcoholic beverage sector.
The S&P 500 is expected to reach new heights of 5,000, but the bigger question is what happens after it reaches that milestone. Steve Reitmeister shares his views and top 13 trades, while also considering how the upcoming Fed meeting will affect the market.
Investors should consider buying the SPDR Portfolio S&P 600 Small Cap ETF and the iShares Morningstar Small-Cap Value ETF due to their attractive valuations, potential for small-cap stocks to return to historic levels, and sensitivity to potential interest rate cuts.
Visa's strong performance, with revenue and earnings growth, suggests a positive outlook for the global economy and consumer spending in the coming months.
U.S. stock futures are mixed as investors await the Federal Reserve's interest rate decision and potential commentary on borrowing costs, Microsoft and Alphabet warn of higher spending on AI development, and a Delaware judge voids Elon Musk's $56 billion Tesla pay package.
The office sector of the real estate market is facing an existential crisis and could see losses of over $1 trillion, according to Barry Sternlicht, CEO of Starwood Capital Group, due to factors such as high interest rates and the shift towards remote and hybrid work.
The cryptocurrency market underwent a 0.6% correction in 24 hours, influenced by a slump in global equity markets and XRP's ongoing decline, while Solana hit a new milestone by surpassing $100 and Bitcoin ETFs continue to see net inflows despite GBTC's decreasing share.
Environmentalists and American meat producers are joining forces to urge regulators to prevent JBS, the largest meatpacker in the world, from listing on the New York Stock Exchange due to concerns about corruption settlements, deforestation in the Amazon, and its growing market share in the United States.
A ruling on New Orleans' short-term rental law, which has major implications for the industry, has been delayed, leaving officials unsure of enforcement and creating chaos in the market.
Stock indices are mixed in today's trading session as the Nonfarm Employment Change report comes in worse than expected, and the United States Chicago Purchasing Managers Index indicates a contraction in the manufacturing sector; U.S. futures are also mixed as investors await the Federal Reserve's policy meeting outcome, with semiconductor company Advanced Micro Devices and tech giant Alphabet experiencing declines in after-hours trading, and plane manufacturer Boeing and mobile chipset manufacturer Qualcomm set to release their financial results.
The outcome of the 2024 U.S. election could have a significant impact on the energy sector, with a Trump victory likely to favor fossil fuels and a Biden victory expected to support clean energy initiatives, although energy investors should focus on individual stocks rather than entire sectors.
As earnings reports from the "Magnificent Seven" stocks draw attention to their weight in the S&P 500, concerns arise about the potential negative impact on broader indexes if these stocks falter.
Asian stocks are mixed and US and European equity contracts are lower as investors await the Federal Reserve decision, while bond traders decrease bets on US rate cuts and poor economic data from China and Samsung's profit decline contribute to market pessimism.
The Federal Reserve is expected to move closer to cutting its key interest rate, but it may not indicate when or how fast it will do so, as it wants to ensure that inflation is moving towards its 2% target; most analysts predict the first rate reduction to occur in May or June, and cautionary comments by Fed officials have dispelled expectations of a cut in March.
The buoyant stock markets, despite major geopolitical and economic risks, raise concerns about their failure to anticipate the consequences of downside political and economic risks in plain sight.
A Delaware judge strikes down Elon Musk's $56 billion compensation package from Tesla, ruling it to be unfair and exceeding corporate governance bounds, leading Musk's lawyers to plan an appeal.
PayPal will reduce its workforce by about 9% in order to address competition, profit pressures, and analyst downgrades, affecting approximately 2,500 workers.
The stock market experienced a severe drop in 1987 after the Federal Reserve implemented aggressive rate cuts, highlighting the potential downside if the Fed cuts rates in 2024 without a recession; history suggests that significant rate cuts without an imminent recession have not occurred before, indicating caution may be warranted.
As normalization continues in 2024, inflation is expected to return to the Fed's target, rate cuts are likely to be implemented between the second and third quarter, and opportunities remain in capital markets, particularly in quality growth, value, high-dividend, low-volatility, and small-cap equities, as well as in the bond market where rate cuts are expected and long-term yields are likely to fall further.
Despite mixed Q4 results, AMD's robust data center performance and growing AI opportunities position the company well for growth and margin expansion, with its MI300 accelerators proving to be a competitive alternative to Nvidia's H100.
SoFi Technologies, Inc. is a fintech company that has been performing well financially, with Q4 '23 revenues up 34% from the previous year and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) nearly doubling sequentially from Q3. The company is expected to continue growing its profits, with a strong guidance for 2024 and a target of nearly $600 million in adjusted EBITDA. Despite its financial success, the market has undervalued the stock, trading at a low multiple compared to its growth potential.
UK-based VC Giant Ventures is launching two new funds totaling $250 million, including a $100 million seed fund and a $150 million climate-focused growth fund, with the firm having already made 10 investments from these funds; the company invests in climate, health, and purpose-driven startups and is led by former founders and operators with a transatlantic presence.
Vertex Pharmaceuticals' stock rose over 2% after the company's non-opioid pain medication, VX-548, met its primary endpoint in a phase 3 trial, showing promise in treating acute pain.
Vertex Pharmaceuticals' stock rose more than 2% after one of its investigational drugs, VX-548, met its primary endpoint in a phase 3 trial for treating acute pain. However, it failed to meet the secondary endpoint of reducing pain more significantly than a combination of acetaminophen and hydrocodone.
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The North American lip care products market is expected to continue growing through 2028, with an estimated value of US$ 500.4 Million and a CAGR of 1.3% from 2023 to 2028.
Former President Trump is seeking credit for the recent stock market boom under President Biden, while Biden avoids boasting about it and focuses on other aspects of the economy.
Dow Jones futures rose slightly after hours, while S&P 500 futures and Nasdaq futures fell, and Microsoft, Google, and AMD reported their overnight earnings; Tesla stock slumped as a judge voided Elon Musk's compensation plan.
QuantumScape Corporation's stock saw a slight decrease compared to the previous day, but its shares have had a positive month overall, outperforming the Auto-Tires-Trucks sector, and investors should pay attention to the upcoming financial results and analyst forecasts for the company.
Arbor Realty Trust's stock closed at $14.20, showing a slight decrease compared to the previous day, and the upcoming earnings release of the company is expected to be of interest to investors.
Snowflake Inc. (SNOW) closed the trading session with a slight decrease in stock price, while the overall market showed mixed performance, and investors are eagerly awaiting the company's upcoming earnings report.
Alibaba's stock price fell 1.71% in the most recent trading session, underperforming the S&P 500, but there are optimistic estimates for its upcoming earnings release.
Alphabet and Microsoft's weaker-than-expected earnings overshadowed a strong end to the year, causing a drop in the Nasdaq 100 ETF and raising concerns about an overheated market.