The stock market experienced a major setback with Nvidia losing a jaw-dropping $279 billion in market value in a single day. This marks the fifth time the stock has experienced such a massive loss in market capitalization. With the stock plummeting by 9.5% on that fateful day, it is now down by 23.3% since June
Investing
Investors seeking income-generating assets should consider dividend-paying stocks, especially with the expected interest rate cut by the Federal Reserve in September. These stocks are likely to outperform other assets like bonds due to their attractive dividend yields. However, with a vast array of companies offering dividends, it can be challenging to choose the right stocks.
The recent plunge in Pinduoduo’s stock price by nearly 30% following disappointing quarterly results has shed light on the evolving nature of China’s consumer market. Despite the overall weakness in the market, PDD’s revenue saw substantial growth of almost 90% year-over-year, with profits more than doubling. Charlie Chen from China Renaissance Securities emphasized that the
Bitcoin’s poor trading action in recent months may continue for another month, as traders are in a state of uncertainty. August was particularly challenging for the leading cryptocurrency, with Bitcoin experiencing a 10.25% slide, its worst month since April. Ethereum also dropped significantly, with a 23.66% decrease, marking its third monthly drawdown and worst month
GE Aerospace is poised to emerge victorious amidst ongoing manufacturing challenges faced by Boeing, as stated by Artisan Partners’ Chris Smith. With the introduction of their new leap engine, GE has essentially solidified their position as a monopoly in the industry. This engine is set to power the majority of new narrow-body planes, potentially accounting
The month of August has been riddled with volatility in the stock market. From lackluster jobs data sparking fears of a recession to a global market sell-off causing chaos, investors have been on edge. The Dow Jones Industrial Average experienced its worst day in almost two years, dropping over 1,000 points. However, despite the initial
When analyzing the list of undervalued stocks with growth potential provided by Goldman Sachs, one of the companies that stands out is CAE. Despite facing struggles in its civil aviation and defense divisions, analyst Noah Poponak believes that CAE’s stock has been unfairly punished. The stock is currently trading at a sizable discount compared to
In late August, Netflix saw its shares break above the $700 mark, reaching an intraday record of $711.33. Even on a closing basis, the stock scaled as high as $698.54 on Aug. 20. Despite a slight pullback in recent days, shares still closed at $701.35 on Friday, showcasing the impressive growth of the stock. Year
As the month of August comes to an end, investors are eyeing potential stocks that could be gearing up for a strong September. The market showed signs of recovery towards the latter half of August, with gains in all three major indexes – S & P 500, Dow Jones Industrial Average, and Nasdaq Composite. The
As interest rates are expected to decrease, investors are seeking ways to generate additional income from their stock portfolios. One such strategy highlighted by Bank of America derivatives analyst Arjun Goyal is known as the “overwriting” strategy or call writing. This technique involves selling call options on stocks that an investor currently owns, with the