Citigroup downgraded its rating on shares of Apple in a note to investors this morning citing concerns about the strength of iPhone 5. Citi sees diminished chances of a near-term rally in the stock following iPhone supply chain order cuts. The firm expects shares to remain range-bound for the foreseeable future and lowered its price target for Apple to $575 from $675. Apple shares closed Friday trading at $509.79.
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
While more older boomers tend to have a pension, a looming wave of younger retirees are about to strain the economy and Social Security.
Recently, Zacks.com users have been paying close attention to Pfizer (PFE). This makes it worthwhile to examine what the stock has in store.
Super Micro Computer just spooked its investors with a suggestion that it will earn exactly what it promised to earn three months ago.
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
(Bloomberg) -- Super Micro Computer Inc. and Nvidia Corp plummeted on Friday, with the two AI favorites leading a broad-based tech selloff.Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits City‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapIsrael Reported to Have Launched Retaliatory Strike on IranThe maker of equipment to handle artificial intelligence work sank 2
A Hungarian company that operates refineries and petrochemical plants, and runs service stations across Central and Eastern Europe, said it is set to begin commercial operation of a 10-MW green […]
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
