Active investors should pick breakout stocks to get superlative returns. This method involves zeroing in on stocks whose prices vary within a narrow band. If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break […]

As anticipation builds, Arm has released more pricing details ahead of what is to be the biggest initial public offering (IPO) of the year. The chip designer filed an updated F1 filing with the Securities and Exchange Commission on September 5. The firm will list 95.5 million ordinary shares under the ticker “ARM,” targeting a price range between $47 and $51. Although […]

In medieval Europe, a humble pie was considered nutritious public food and sold more but hardly ever grabbed the headlines or captured the public imagination. A modern world stock market equivalent would be the industrial sector. The sector does not provide glamorous, futuristic product offerings like electric cars and artificial intelligence but is arguably the backbone of the economy. If […]

Despite data showing a drop in U.S. crude inventories last week, crude oil prices fell on Thursday, due largely on profit taking after recent strong gains. Worries about the outlook for energy demand following weak economic data from China, and a firm dollar weighed as well on crude oil prices. West Texas Intermediate Crude oil futures for October ended lower […]

After markets closed on Tuesday, Gitlab beat estimates for both earnings per share (EPS) and revenue. The company raised EPS and revenue guidance for its fiscal third quarter and for the full 2024 fiscal year that ends in January. Shares traded up 7% shortly after Wednesday’s opening bell. Zscaler also posted better-than-expected EPS and revenue. Earnings more than doubled and […]

The futures traded lower after we started the holiday-shortened trading week with all the major indexes closing lower on the day. Softer economic data out of China and a growing sense that stocks are very overbought after finishing August strong were among the reasons the risk-off crowd held serve. After a very busy round of economic data last week, things […]

Consumers in the United States are spending aggressively despite slowing personal income and sharply increasing interest rates. The Fed has been consistently increasing interest rates since March 2022 but that hasn’t deterred consumers from spending on goods and services. Higher spending, driven by demand, has been helping the retail sector also. Moreover, consumers’ willingness to spend freely also benefits the […]

The recent rally out of the August lows has gotten everybody fired up again. The Magnificent 7 continue to push the markets higher while many of the rest of the S&P 500 stocks tread water. Artificial intelligence technology is real and groundbreaking and will appear in more and more applications as time goes on, but some of the exuberance is […]

After U.S. markets closed Thursday, Broadcom Inc. (NASDAQ: AVGO) reported better-than-expected earnings per share of $10.54 (versus estimated $10.43) for its fiscal third quarter, but revenue failed to meet expectations even though sales rose by 4.5% year over year. Broadcom also issued in-line revenue guidance for the fourth quarter that ends in October. CEO Hock Tan said third-quarter results were […]

There are 6 earnings reports scheduled for release Tuesday, 2 before U.S. markets open and 4 after markets close. U.S. markets will be closed Monday for the Labor Day Holiday. The following table is based on data from Briefing.com and includes a consensus forecast in dollars for quarterly earnings per share and EPS reported last year, and the consensus forecast […]