Stock Market Closes Higher As Weak Economic Data Fuels Rate Hopes; Tech-Heavy Nasdaq Leads
The stock market closed higher, led by the tech-heavy Nasdaq as stocks such as Nvidia, Salesforce and Apple gained.
The stock market closed higher, led by the tech-heavy Nasdaq as stocks such as Nvidia, Salesforce and Apple gained.
A short squeeze occurs when short-sellers rush to cover their positions on a stock. The sudden rush of buying can quickly push a stock price higher. After a tough market year in 2022, some stocks have built up large short-seller followings, potentially priming the pump for a new wave of short squeezes.
Shares of Coinbase (NASDAQ: COIN) have gotten crushed since hitting public markets, but the business is in better shape than you might think. There's billions of dollars in cash on the balance sheet, and there are growing revenue sources from USDC and Ethereum (CRYPTO: ETH) staking.
Despite a dismal performance in 2022, shares of all-digital bank SoFi Technologies (NASDAQ: SOFI) climbed 50.3% in January. There are lots of reasons for the run-up, not least of which were a better-than-expected performance during the fourth quarter of 2022 and an improved outlook. Will the big gains SoFi made in January fizzle out in February, or is the stock at the beginning of a much longer bull run?
The Nasdaq Composite dipped into a bear market last year, and the tech-heavy index is still 28% off its high. Investors often overreact to good and bad news, so stocks tend to rise too high during bull markets and fall too far during bear markets. Warren Buffett hinted at that quirk of human nature when he said, "Be fearful when others are greedy, and be greedy when others are fearful."
Carvana stock has crashed back to Earth after a massive run, and these three indicators show just how bad things are.
Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results.
Dividend investors should consider loading up on these stocks as this could be a good year for both of their businesses.
Archer-Daniels-Midland, Agilent Technologies, Republic Services, Deere and Cardinal Health have been highlighted in this Screen of The Week article.
Did you know that if a company were to increase its dividends by 5% per year, it would take 14 years for its payouts to double? A couple of stocks with the most aggressive dividend growth records you can invest in today are UnitedHealth Group (NYSE: UNH) and Broadcom (NASDAQ: AVGO). Health insurance giant UnitedHealth Group may not strike income investors as an ideal dividend stock to buy, as it yields just under 1.4%, which is below the S&P 500's current average yield of 1.7%.
Dividend stocks are a great way to mitigate downside risk, hedge against inflation, and generate reliable levels of passive income. Closed-end funds, real estate investment trusts (REITs), and some actively managed diversified holding companies are purpose-built to return an outsize portion of cash flows to shareholders via regular distributions. Arbor Realty Trust (NYSE: ABR) is a REIT with a current annualized yield of 10.75%.
Top health insurance company Humana (NYSE: HUM) wasn't necessarily tops with investors on Wednesday. After reporting its latest set of quarterly figures, the company's share price bumped slightly higher, by 0.3%, which wasn't high enough to beat the S&P 500 index's more than 1% increase. It's not that Humana's results for the fourth quarter 2022 were bad or uninspiring; it's just that they didn't excel.
In the latest trading session, Vertex Pharmaceuticals (VRTX) closed at $317.27, marking a -1.8% move from the previous day.
Apple (AAPL) Earnings expected at 4:30pm ET Thursday, February 2nd, 2023. Apple CEO Tim Cook is set to take center stage on the earnings call. Investors will be watching closely for key items including iPhones, fallout from ongoing lockdowns in China, mounting layoffs in the tech industry and beyond and questions about the state of the U.S. economy overall. Yahoo Finance's Brian Sozzi and and Brad Smith break down the three things they're watching after the call.Make sure you tun into their live coverage following Apple's earnings call later this afternoon Watch: Yahoo Finance Live Programming - 10am ET: Cathie Wood discusses tech Earnings - 11am ET: Why the earnings call matters - 4:30pm ET: Dave Briggs and Seana Smith bring Apple's earnings to you live - 6pm ET (or when earnings call ends): Brian Sozzi and and Brad Smith will have a vibe check with market reaction and a look ahead at what Apple's results mean for both consumers and investors.
VALE S.A. (VALE) closed at $18.45 in the latest trading session, marking a -1.23% move from the prior day.
Amazon is set to report its Q4 2022 earnings on Feb. 2.
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
In this article, we will 12 best discuss dividend growth stocks with 10% yearly increases. You can skip our detailed analysis of dividend companies and their returns over the years, and go directly to read 5 Best Dividend Growth Stocks With 10%+ Yearly Increases. The historical analysis of dividend growers has shown their outperformance over […]
Higher oil price is likely to have aided BP's Q4 earnings.
Yahoo Finance Live’s Julie Hyman breaks down oil earnings.
Pfizer (NYSE: PFE) enjoyed a record year in 2022. The big drugmaker's revenue topped $100 billion. Its earnings per share soared 42% to $5.47, which translates to nearly $31.4 billion in profits. Both top- and bottom-line numbers set all-time highs.