News: Stocks
In this distinguished corner of our platform, we provide the most recent and relevant news from the stock market world. Our focus extends to stories on prominent indices, including the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite, ensuring you're constantly updated on crucial market movements. We also bring to your attention any pertinent changes in analyst ratings, price targets, and regulatory filings, among other insightful information. Your journey to financial knowledge and empowerment begins here.
Morning Brief: From Inflation, Investment in Crypto to Taiwan Semiconductor Manufacturing
This week's inflation figures could either boost or derail the market's summer momentum. Investors will get the most recent indication of how swiftly prices are growing across the US economy from three upcoming releases: PPI, CPI, and unit employment costs.
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People Need Food and Energy. This Stock Is a Play on Both
Orkla (ORK.Norway; ORKLY) is a Norwegian corporation that has businesses that produce both. The previous industrial behemoth turned itself into a consumer-goods corporation, with its primary food sector producing frozen pizza, sauces, and ready-to-eat meals accounting for around 37% of its 2021 sales. The heritage hydroelectric power plants are likewise owned by the Oslo-listed company.
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Meta, Alphabet, and Other Internet Stocks Face a ‘Perfect Storm’ as Ad Spending Slows
Ad-supported internet equities have underperformed in 2022, harmed by a combination of Apple (AAPL) privacy law revisions for tracking iPhone users' actions, increased competition from TikTok, and a weaker consumer economy.
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Metals Haven’t Crashed This Hard Since the Great Recession
The recent plunge in industrial metals can be traced back to the Federal Reserve's decision to raise interest rates by 75 basis points at the beginning of the month. This move was seen as a sign that the Fed was more worried about inflationary pressures than the possibility of a recession.
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Stocks Won’t Sink Forever. Here Are Cheap Plays on the Market’s Recovery
BlackRock's shares, which are currently trading at $585, have returned to where they were in early 2018, when the company's assets under management were $6 trillion. The stock is currently trading at 15 times estimated 2022 profits and yields 3.3 percent. Warren estimates a fair value of $880 per share.
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The Dow Is Dipping, Alibaba Is Jumping — and What Else Is Happening in the Stock Market Today
Stocks on the Nasdaq are being bought up partially because their earnings are less vulnerable to swings in economic demand, which might weaken as interest rates increase. Higher long-term bond rates, to be sure, put a bigger hole in tech values, but those rates haven't yet broken out to new highs.
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China Is Winning the Lithium Wars. What It Means for Tesla and Other EV Stocks
Lithium demand is increasing, and prices are rising. According to the International Energy Agency, the value of worldwide lithium sales will more than double between 2020 and 2030. Lithium prices have risen about 400% in the last year.
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Largest U.S. Pension Bought AMC, AMD, and Block Stock. It Sold Netflix
Calpers purchased 155,992 AMC shares in the first quarter, bringing its total to 775,392 shares. Calpers has purchased the shares for the third quarter in a row. It announced a 116,400-shareholding at the end of the third quarter of 2021, then more than doubled that investment in the fourth.
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Wells Fargo’s $28 Billion Oil Lenders Are Ready for This Boom
A year after Wells Fargo & Co. became one of the last major U.S. banks to make a net-zero commitment, thereby putting its massive oil and gas lending business on the verge of extinction, the bankers who allocate billions of dollars to fossil resources aren't worried.
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Stocks Are Struggling After Reporting Earnings. These 5 Could Soar
It's not that incomes have been poor. According to Credit Suisse statistics, aggregate first-quarter profits per share for S&P 500 businesses that have disclosed their results so far were 8.7 percent higher than projected as of Monday morning.
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Netflix Stock Had Its Worst Day in Nearly 2 Decades. What Wall Street Is Saying
Netflix lost 200,000 customers in the third quarter, falling far short of its target of 2.5 million net additions. The streaming platform would have gained 500,000 customers if it had not lost 700,000 Russian subscribers. The business expects to lose 2 million net users in the June quarter.
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Alibaba, Bilibili, and China Tech Stocks Slide on Live Streaming Crackdown
Chinese technology stocks fell in Hong Kong on Tuesday as a result of Beijing's tougher rules on the country's live streaming industry, as well as fears over DiDi Global's anticipated delisting in the United States.
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