The latest market news & Insights
NVIDIA Shares Decline as Pledge to OpenAI Investment Undergoes Scrutiny
NVIDIA shares fell early Monday as investors considered the company’s plan to make a large investment in OpenAI, the maker of ChatGPT. The stock dropped 2.3% to $186.81 in morning trading. Focus has shifted to the relationship between Nvidia and OpenAI after a report on Friday said talks for Nvidia to invest up to $100 […]
Market Insights
Walmart Shares Tank the Most Since 1987
Ticker Symbol: WMT Walmart shares were down close to 12% in midday trading after the company released a poor earnings report that generally missed Wall Street’s expectations. The pullback was the sharpest intraday decline in the company’s history since 1987. Moreover, management said earnings were likely to drop 1% for fiscal 2022, after guiding towards […]
McDonald’s Exit from Russia Latest in Defections from Country
McDonald’s, the world’s largest fast-food chain, announced its decision to shut-down its business operations in Russia, ending a decades long presence in the country. The Chicago based burger giant is selling its 850 restaurants and the company is currently engaged in seeking buyers for all locations and for the 62,000 employees in Russia. The move […]
Early Market Moves Based on 13F Reports
Hedge funds and other large asset managers filed their SEC required Form 13Fs today. A 13F report is a regulatory report required of all institutional money managers with at least $100 million in assets under management and is published quarterly. The report is the public disclosure of the manager’s holdings and trades conducted during the […]
Affirm Shares Jump as Company Posts Solid Results and Deepens Partnership with Shopify
Ticker symbol: AFRM Affirm are surging by 25% in postmarket trading as the company posted robust numbers in its earnings report published after market close. The company’s shares reached a zenith, along with much of the market, in November 2021, when shares closed at an all-time high of $168.52. Since then, shares have fallen almost […]
Disney’s Growth Continues, But at a Slower Than Projected Rate
Ticker symbol: DIS The Walt Disney Company published a mixed second quarter report that, while missing on certain key metrics, showed strong growth in its flagship subscription streaming business Disney+. While many feared that the company’s subscriber base would shrink after a strikingly poor report from rival Netflix, Disney’s relatively small user base means that […]
Bitcoin Tumbles to 2022 Low as Risk Assets Take a Hit from Rising Rates
A sharp increase in interest rates pushed Bitcoin prices to a low for the year on Monday. Liquidity has been key to the support of cryptocurrency assets, and as the Fed begins its $45 billion per month bond tapering program, fears that liquidity could dry up has pushed Bitcoin towards becoming one of the weakest […]
Cash is King
In this torrid season of downtrends and declines, selloffs and stagflation, investors are reverting to the tried and trusted cash. Amidst the plummeting stocks and bonds, the US Dollar Spot Index has upstaged all other assets this month. For 5 weeks, an exchange traded fund which trends Treasury bills became a cash cow thanks to […]
Invest in MANG instead of FAANG, Jefferies recommends
Based on the current economic climate where interest rates are increasing, there might be wisdom in the recommendation by Jefferies Global for Big Tech stock investors to focus their portfolio on acquiring MANG stocks instead of the infamous FAANG group. FAANG which comprises Facebook, Apple, Amazon, Netflix and Google has been experiencing pandemic induced instability, […]
ConocoPhillips Beats Estimates and Boosts Buyback
ConocoPhillips beat analysts’ first quarter earnings estimates handily thanks in large part to record oil and gas production. The company reported an adjusted EPS of $3.27 versus 69¢ in the year ago quarter, and the $3.17 expected by analysts. Crude oil production topped 915 million barrels of oil a day. Natural gas production rose to […]
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