Dell Technologies (DELL) is still looking like one of the cleaner ways to play the AI hardware boom, and the market is paying up for that story. On June 1, DELL stock jumped about 11% and reached a new high of $469.47 after Morgan Stanley raised its price target to $448 from $170, adding another…
Valued at a market cap of $115.6 billion, Newmont Corporation (NEM) is the world’s leading gold company and a major producer of copper, zinc, lead, and silver, with operations across Africa, Australia, Latin America and the Caribbean, North America, and Papua New Guinea. The company is widely recognized for its strong environmental, social, and governance (ESG)…
Picking artificial intelligence (AI) stocks for a decade-long holding period requires more than just looking at where the momentum in the market is. The companies worth holding for that long share one trait: a profitable, established business that funds the AI build-out without putting the rest of the company at risk. Three names that arguably…
As of 12.20, the S&P 500 (SNPINDEX:^GSPC) had fallen 1.60% to 7,463.24, the Nasdaq Composite (NASDAQINDEX:^IXIC) slid 2.65% to 26,122.36, and the Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.74% to 51,182.31 as a hot jobs report drove a risk-off sentiment. Market movers Artificial intelligence (AI) and chip bellwethers led declines this morning as Nvidia (NASDAQ:NVDA),…
The trust fund for Social Security retirement benefits continues to face a funding shortfall and, without action, will become insolvent by 2032 — less than seven years from now. But a new report shows just how much could be shaved off your check, depending on where you live. Social Security provides retirement benefits for 63…
Friday’s hot jobs report for May shines the light on another key surprise: The consumer is hanging tough despite higher prices for gas and food. “Good jobs report, good print. And it matches what we have been seeing over the last 12 months or so. Consistent consumer spending in the United States and around the…
Moving is expensive, especially if you’re moving across the country. Most financial experts would advise against dipping into your retirement savings to fund a move. But this might not be an option, especially if you’re still young and have no plans to retire soon. In a hypothetical example, Ashley is a 31-year-old who just got…
Summary The Bureau of Labor Statistics (BLS) released the Employment Situation for May. The U.S. added 172,000 non-farm jobs, helped by strength in leisure and hospitality; local government; and the stalwart Healthcare sector. Employment in financial activities declined. Our forecast was for an increase of 125,000 new jobs in May, while the consensus was 85,000….
June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.88% this morning as investors continue to pull back from the AI trade, while cautiously awaiting the key U.S. jobs report. Chip stocks extended their declines in pre-market trading after Broadcom’s AI-chip sales forecast missed expectations, fueling concerns…
June 5 (Reuters) – Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand. According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the…
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