Tag Archives: Stock

Stock futures opened lower Wednesday evening as investors contemplated the Federal Reserve’s latest monetary policy decision and updated projections, which signaled a quicker path to higher interest rates than previously anticipated. Contracts on the S&P 500, Dow and Nasdaq added to earlier losses. Each of the three major stock indexes ended Wednesday’s session lower after the Fed’s new projections pointed to two rate hikes by year-end 2023. Federal Open Market Committee members also upgraded… Source link

© Reuters. Baidu vs. Yandex: Which Search Engine Stock is a Better Buy? Increasing online activities amid remote lifestyles have been upping the usage of search engines. And companies that provide search engines have been benefiting significantly by offering personalized user experiences and efficiently promoting products and services provided by businesses. Despite intense competition, efforts made by Baidu (NASDAQ:) and Yandex (NASDAQ:) to provide secure online services and relevant… Source link

With Coca-Cola’s stock (KO) recently getting a favorable mention among meme stock traders on Reddit, it shouldn’t come as a shock shares of the beverage maker are seeing significant interest after a high-profile athlete snub.  Soccer great and well-known health fan Cristiano Ronaldo sat down at a press conference Tuesday at the Euro 2020 and angrily moved two bottles of Coca-Cola to the side (see video below). Coke is a sponsor of Euro 2020. Ronaldo — who has roughly 392 million followers… Source link

Increasing online activities amid remote lifestyles have been upping the usage of search engines. And companies that provide search engines have been benefiting significantly by offering personalized user experiences and efficiently promoting products and services provided by businesses. Despite intense competition, efforts made by Baidu (BIDU) and Yandex (YNDX) to provide secure online services and relevant content are likely to deliver substantial growth. But let’s find out which of… Source link

Stock futures traded slightly higher Tuesday evening as investors looked ahead to a key monetary policy decision from the Federal Reserve. Contracts on the S&P 500 edged up. Earlier, the three major U.S. stock indexes closed out the session lower, with both the S&P 500 and Nasdaq pulling back from record highs logged earlier this week.  Traders are anxiously awaiting the conclusion of the Federal Reserve’s latest monetary policy meeting, which will culminate with a policy statement Wednesday… Source link

The data is in, and it says stock buybacks are back in a big way as companies seek out ways to keep their stock prices at elevated levels.  First quarter stock repurchases clocked in at $178.1 billion among S&P 500 companies, up 36.5% from the fourth quarter of 2020, according to new data out Tuesday from S&P Global. Buybacks were up 100.9% from the second quarter 2020 pandemic low of $88.7 billion.  Stock buybacks have the effect of lowering the number of shares outstanding for companies…. Source link

Stock futures were mixed Tuesday morning investors considered a spate of new economic data, including a weaker-than-expected print on consumer spending during the recovery.  Contracts on the S&P 500 and Nasdaq rose, while contracts the Dow fluctuated between gains and losses. Investors considered another batch of key economic data out Tuesday morning, offering looks at both the strength of the consumer and extent of price increases across the supply chain.  The Commerce Department’s May… Source link

Next Michael Saylor will be holding a bake sale to fund his bitcoin purchases. On the same day MicroStrategy, the business intelligence software firm that Saylor runs, announced it had completed the sale of $500 million in bonds to increase its stash of the leading cryptocurrency, the firm said it plans to sell up to $1 billion in stock to buy even more. MicroStrategy’s bitcoin trove is so big that owning the cryptocurrency is now described in the company’s filings with the U.S. Securities… Source link

The meme stock craze has found its latest target: video game hardware maker Corsair (CRSR). The company’s stock was up 31% when the market opened on Monday to $40.70, its highest price since late February, as mentions of the company on Wall Street Bets’ (WSB) Reddit pages have exploded. As of Monday morning, the stock was mentioned at least 1,180 times on WSB, according to Quiver Quantitative. Wallstreetbets Trackers, meanwhile, showed activity around Corsair up 17%. Corsair follows a… Source link

Prices for burritos are up at Chipotle, and the stock price is likely to soon follow, says one Wall Street analyst. Raymond James analyst Brian Vaccaro upgraded his rating on the restaurant chain to Strong buy from Outperform on Monday. Vaccaro now sees fair value on Chipotle’s stock at $1,800. “We believe recently announced menu price increases (4% in recent weeks, more coming in the fall) create 1) significant upside to second half consensus comp expectations and 2) increased confidence in… Source link