Cornerstone Wealth Senior Investment Analyst Sean Bandazian and Opimas CEO Octavio Marenzi examine the conditions surrounding fresh market gains following Fed Chair Powell's latest rate hike comments, while also discussing the market outlook, inflation, and mortgages in the housing market.
Rather than counting on what could happen in China, let's check the charts and indicators for this electric vehicle name.
Shares of Salesforce fell despite the company's Q3 earnings beat after news of co-CEO Bret Taylor resigning and weakened fourth-quarter guidance.
The richest man in the world runs five companies. And he never hesitates to let the world know what he thinks.
Yahoo Finance Live checks out Xpeng shares following the EV developer's latest earnings report and production figures.
Rushing to buy Chinese electric car stocks after an earnings miss, are investors making a big mistake?
Uncertainty regarding the length and duration of the downturn have hung over the market like an anvil this year, with many investors afraid to buy the dip for fear of suffering further declines. Add to that the Federal Reserve Bank's relentless campaign of rising interest rates to combat persistent inflation, and it's no wonder that consumers and investors alike have shifted their behavior based on the tough macroeconomic conditions. Netflix (NASDAQ: NFLX) surged 9.2%, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) jumped 5.4%, honorary member Microsoft (NASDAQ: MSFT) climbed 5.8%, while Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) each rallied 4.5% by the time the market closed on Wednesday.
I will be 72 years old on Feb. 10, 2023. I have a traditional individual retirement (IRA) account. Most of the money is tied in stocks, and the stocks this year are way down. If I sell to pay the … Continue reading → The post Ask an Advisor: When Taking RMDs, How Do I Avoid Locking in Losses? I'll Be 72 Years Old Soon, and My Stocks Are ‘Way Down' This Year appeared first on SmartAsset Blog.
Shares of Nvidia (NASDAQ: NVDA) look set to end 2022 on a high -- the stock is up 20% in the past month, and the company's latest results seem to give Wall Street hope that its fortunes could turn around in 2023. The segment's revenue increased 31% year over year to $3.8 billion, accounting for 64% of the company's top line.
While the data has checked many of the boxes that suggest the U.S. is in the midst of a recession, other metrics contradict that conclusion, leaving investors uncertain about where we stand. A key economic indicator released on Wednesday provided a bit of clarity, suggesting things are actually better than some had feared. With that as a backdrop, semiconductor specialist Taiwan Semiconductor Manufacturing (NYSE: TSM) climbed 1.8%, streaming video pioneer Roku (NASDAQ: ROKU) jumped 2.7%, and e-commerce platform Shopify (NYSE: SHOP) rallied 3.3% as of 1:11 p.m. ET on Wednesday.
Several fintech stocks reversed course and moved higher this afternoon after Federal Reserve Chair Jerome Powell, during a highly anticipated press conference, said that the Fed is preparing to slow the pace of its interest rate hikes. Shares of the artificial intelligence-assisted lending platform Upstart Holdings (NASDAQ: UPST) traded nearly 3% higher in the final hour of trading today. Meanwhile, shares of the digital bank SoFi Technologies (NASDAQ: SOFI) traded nearly 4% higher, and shares of the buy now, pay later company Affirm Holdings (NASDAQ: AFRM) were up close to 6%.
Threadneedle Ventures Founder Ann Berry joins Yahoo Finance Live to assess the economic trajectory surrounding the Fed's latest rate hike comments, the market outlook, and the forward forecast for the S&P 500.
The S&P 500 jumped above the key 200-day level on Fed chief Powell's comments. But inflation data and the jobs report loom.
Synopsys (SNPS) delivered earnings and revenue surprises of 3.80% and 0.39%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
Standing here at the tail end of 2022, we can see the next year through the mist of uncertainty – and for now, that view is dominated by high inflation, rising interest rates and potential recession. Looking at the market situation, Goldman Sachs strategist Christian Mueller-Glissmann writes: "We remain defensive for the 3-month horizon with further headwinds from rising real yields and lingering growth uncertainty... The growth/inflation mix remains unfavorable – inflation is likely to normaliz
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when people spend billions of dollars online in one day. “It won’t happen, it has never happened and unless employers start to help employees do that, we’re heading, really, down hill very fast,” she said. The savings rate has not been helped by the end of pandemic-era government benefits.
Units of Knot Offshore Partners (NYSE: KNOP) had sunk by more than 18% by 10:30 a.m. ET on Wednesday. Weighing on the master limited partnership (MLP) was an oversupply of shuttle tankers in the North Sea. Knot Offshore Partners issued its third-quarter report, and CEO Gary Chapman said in the accompanying release that its financial results, liquidity, and distributable cash flow "reflect our heavy scheduled drydocking program."
Yahoo Finance Live anchors discuss third-quarter earnings for CrowdStrike.
Pharmaceutical giant Pfizer (NYSE: PFE) is no stranger to investors; the company is a longtime staple in the healthcare industry. It got a lift in late 2020 and in 2021 as one of the COVID-19 vaccine suppliers, but investors seem to have grown bored with Pfizer's story, and the stock is down about 16% since the start of 2022. The thing is, investors shouldn't be so quick to write off Pfizer stock.
Rivian's CEO has investors seemingly content with its current status, and looking forward to its upcoming R2 vehicle platform.