Author: starbpo

Amazon.com Inc. shares have done very well for investors who have stuck with them, but the market has periods when it doesn’t do as well. During these times, investors who plan to hold on to the company for a few years may be able to buy it. We said at the beginning of July of last year that Amazon AMZN 0.52% was the cheapest of the “Magnificent Seven” companies based on their forward price-to-sales ratio, which was calculated by using experts’ predictions of revenue for the next twelve months as a guide. Since July 2, 2018, the day before that…

During their speeches at their party conventions, both Kamala Harris (Democratic nominee) and Trump (Republican nominee) talked about money problems like taxes and inflation. During her speech in Chicago on Thursday, Harris promised to “end America’s housing shortage.” Trump promised to “end the devastating inflation crisis immediately” when he spoke in Milwaukee more than a month ago. So how do you think they’ll keep those promises? Here are some of the most important parts of each candidate for president’s economic plan, as reported by BourseWatch. Price rises Business taxes and paper gains Tariffs Not enough cheap homes Gas and other…

At the last earnings call for Nvidia Corp., Melius Research expert Ben Reitzes thought it was one of the best he had ever heard. Can the company put on the show again next week? In the chip company’s most recent earnings report and call, there was what Reitzes called a “Triple Lindy.” That’s a reference to the movie “Back to School,” in which one of the characters does a difficult dive that involves rebounds off of several boards and making it work. For Nvidia (NVDA 4.55%), a Triple Lindy would mean beating revenue estimates for the most recent quarter by…

Investors and experts were expecting more from Snowflake Inc. than just its most recent earnings beat and outlook hike. Even though Snowflake’s SNOW 0.31% results were better than expected on Wednesday afternoon, the company that makes data software didn’t beat sales by as much as it has in the past. Keith Weiss, an analyst at Morgan Stanley, said that the company beat expectations by about 2%. This is different from the previous quarter, when it beat estimates by 5%. This is what Weiss thinks: “the path of slowing growth probably doesn’t address existing bear cases around rising competitive intensity.” On…

Even though markets have been very volatile lately, one has been pretty calm: gold GC00 1.31% has climbed to new highs, going above $2,500 an ounce for the first time. As a pilot fish, silver SI00 2.27% tends to follow the bigger bullion. However, the gray metal has not followed gold’s record-setting, and is now selling at around $29.40 an ounce. There are a lot of preachers and hype in the world of precious metals. On the other hand, there is a view that silver has done better than gold over the last five sessions. The analysis comes from Kevin…

Nvidia Corp. investors are very interested in the company’s new Blackwell chip lineup right now, since there are rumors that orders might be a little late at first. The latest quarterly results from Nvidia are coming next Wednesday. However, the attention will be on Hopper, the company’s current chip family. Rosenblatt Securities expert Hans Mosesmann thinks Nvidia NVDA 4.06% will have another “beat and raise” performance. However, he said that “how constrained the company is for Hopper platforms” will be the “wildcard.” Investors used to worry that Nvidia would have a “air pocket” in the months before Blackwell came out.…

A new study says that home buyers may soon get a break because home prices have been going up and up. Some homes in 89% of U.S. cities are priced too high, but Fitch Ratings says there are “early signs of a correction in the U.S. housing market, as indicated by the uptick in both active and new property listings.” This is based on an analysis of home prices in the first quarter of 2024. The credit-rating service said that homes across the country were overvalued by 11.5% at the beginning of this year, up from 11.1% in the previous…

Kazatomprom, which makes more uranium than any other company in the world, saw its net profit go up in the first half of the year due to higher prices for the heavy metal on the market. However, it cut its production goals for the next year because of problems with building. The earnings of the Kazakhstani state-owned miner KAP 7.17% rose 27% to 283.2 billion Kazakhstani tenge ($590.1 million) on Friday. This was due to higher prices for the metal that powers nuclear reactors, which also caused sales to rise 13% to 701.1 billion tenge. Uranium prices have gone through…

The number of Americans applying for jobless benefits went up by a small amount last week, to 232,000. This is another low number that shows few people are losing their jobs even though it’s getting harder to find work. The number of new claims went up by 4,000 in the week ending August 17. This is up from 228,000 the week before, the government said Thursday. Based on seasonally adjusted numbers, economists asked by the Wall Street Journal thought that there would be 230,000 new claims. In the past year, the job situation has gotten a lot worse. A bad…

Sales of homes went up for the first time in five months because there were more listings, which brought more buyers into the market. On Thursday, the National Association of Realtors said that sales of previously owned houses rose 1.3% in July to 3.95 million units per year. Those are all the homes that would be sold in a year if they were sold at the same rate every month as they were in July. Seasonal changes are made to the numbers. Existing-home sales went up by 3.5% without taking seasonal factors into account. The rate of sales was in…