Author: starbpo

Things keep going up and down, which is making buyers nervous. The S&P 500 index SPX 1.07% fell again by 1% on Wednesday morning, but it quickly rose again at the end of the day, ending the day with a 1.1% gain. On the other hand, the CBOE VIX index VIX 0.51%, which is based on options and is known as Wall Street’s fear gauge, was not too worried. It’s below 18 right now, which is lower than its long-term average of about 19.5. Solomon Tadesse, head of North American Quant Equity Research at Société Générale, says that the VIX…

Nvidia Corp. has a lot of coverage in the semiconductor manufacturing area, which is fair. But over the next two years, a lot of other chip makers should also have very good years. The market for graphics processing units used by data centres to help their corporate clients create artificial intelligence technology is led by Nvidia NVDA 1.53%. In each of the last five fiscal quarters, the company’s sales have grown by huge amounts. The market value of Nvidia has grown from $358 billion to $2.61 trillion in just two years. There are now 5.7% of the SPDR S&P 500…

The new technology from Apple Inc. that turns its AirPods Pro 2 into a clinical-grade hearing aid could help raise awareness and provide better care in the growing but ignored hearing-care market. However, it may not reach people with severe hearing loss, who need help the most. At its iPhone 16 event on Monday, Apple AAPL-0.36% said that its $249 AirPods Pro 2 would protect your hearing, have a scientifically proven hearing test, and have a hearing-aid tool for people with mild to moderate hearing loss. Soon, global health officials will give the test and hearing aid features the go-ahead…

On Wednesday, Commerzbank shares went up after UniCredit, Italy’s biggest bank, bought a small stake in the company. This led to rumours that the two banks might join completely. The price of Commerzbank shares CBK 15.28% went up 16% to €14.60. Shares of UniCredit UCG 0.97% went down by 1%. While the German government owned 4.5% of Commerzbank, UniCredit bought the rest of the shares on the market, giving it a 9% stake. That’s more than the €12.60 price at which the German government said it sold its shares on Tuesday. Germany owns 12% of Commerzbank, which is a holdover…

Early Wednesday morning, the financial markets were moving in a way that suggested there was a lower chance of a second Donald Trump president. Cross-asset moves showed who traders thought had won, even though a key inflation report was coming up soon. U.S. stock futures ES00 -0.24% went down a little. A lot of important currencies, like the Japanese yen (USDJPY -0.65%), went down against the dollar. The value of Bitcoin BTCUSD -1.96% fell by 2%. The dollar is down across the board so far, with AsiaFX doing better than expected and U.S. stock futures showing signs of weakness. “This…

An analyst at S3 Partners called GameStop Corp. “still a squeezable stock” after the company reported its second-quarter numbers after the market closed on Tuesday. Last quarter, after the earnings report, GameStop shares GME 1.38% dropped more than 3%. This was because the company planned to sell more stock and profits were not as good as expected. Surprisingly, [GameStop’s] stock price dropped -3.4% when the earnings report came out, but it rose with a 100% return in the month after the miss, Dusaniwsky wrote in a report that came out Monday. As longs bought and shorts covered, Dusaniwsky wrote, “it…

AST SpaceMobile Inc. stock started to rise again on Monday, just in time for the launch this week of the company’s first five business satellites. The stock is up 3.4% on Monday and has gone up 349.7% in 2024, more than the 14.7% gain in the S&P 500 index (SPX). BlueBird satellites will be launched from Cape Canaveral, Florida, on or after September 12. This news caused AST SpaceMobile stock to go through the roof last week. The stock then fell sharply on Thursday and Friday after AST SpaceMobile said it would sell up to $400 million worth of common…

A new poll by Fannie Mae found that more Americans than ever think mortgage rates will go down in the next 12 months. Two economists said it’s likely that they’re right. According to a monthly study by housing finance giant Fannie Mae FNMA 5.00%, the number of people who said they thought mortgage rates would go down in the next 12 months rose from 29% to 39%. The share is at its highest level since 2010, when Fannie Mae started keeping track of how people felt about buying a house. People were a little more optimistic about the U.S. home…

More than 15% less gasoline is being sold at the pump now than it was a year ago. This is because the summer driving season is over and oil prices in the U.S. have dropped to their lowest level in over a year, which suggests that fuel prices will continue to drop. But the big U.S. election coming up and the height of storm season in the Atlantic Ocean could cause the fuel market to change quickly. The top oil analyst at the Oil Price Information Service (OPIS), a Dow Jones company, said, “There are three things that move the…

In the coming weeks, the Magnificent 7 stocks, which had been in charge of the market until this summer, will lose even more of their market authority. The most recent sign of this change is a list of large-cap stocks that at least two of the best-performing newsletters that my performance-auditing company tracks say you should buy. Out of the seven stocks that were once thought to be “magnificent,” only two make the list: Alphabet, which owns Google (GOOG -1.57% GOOGL -1.33%), and Apple (AAPL 0.04%). At the moment, at least two of these groups are recommending that you buy…