Heading into a lower interest-rate environment, there is one stock that should be on investors’ radar, according to Ariel Investments’ Charles Bobrinskoy: Oracle. ” Oracle really just needs to be thought of as … the software that helps companies manage their data,” the firm’s vice chairman and head of investment group told CNBC’s ” The Exchange ” on Thursday, adding that the tech name is his favorite. “They’re going to be very well positioned for AI. AI is all about analyzing your data, and Oracle controls a lot of that data.” The stock has surged about 59% this year and…
Author: usaeverydaylife
Stocks roared higher in a delayed relief rally on Thursday, following the Federal Reserve’s jumbo-sized interest rate cut Wednesday, but rocky times may be ahead – and investors will want to prepare for that volatility. Excitement over the central bank’s half-point rate cut lifted the S & P 500 over the 5,700 threshold for the first time ever on Thursday. However, Goldman Sachs warns that investors should buckle up for a potential bumpy ride in the market. “On average, over the past 30+ years, [the CBOE Volatility Index] has increased 6% from September to October, and we see upside risks…
You always want a viewership story to sell if you are a professional sports league and the WNBA has a great metrics story to sell in 2024. Last week ESPN announced that its WNBA regular season was its most-watched ever for games across ESPN Networks airwaves (including ABC). Games averaged 1.2 million viewers, a massive jump over last year’s games (440,000 viewers). These are unheard of percentage increases in sports television.Something even more impressive? The WNBA had 22 regular-season games that averaged more than 1 million viewers — the first time since 2008 that a WNBA game topped one million…
Port of New York/New Jersey executives tell CNBC they have begun preparations for a potential complete work stoppage by the International Longshoreman’s Association, the largest union in North America. The ILA represents over 85,000 longshoremen and a strike would shut down five of the 10 busiest ports in North America, and a total of 36 ports along the East and Gulf Coasts, on October 1. Between 43%-49% of all U.S. imports and billions of dollars in trade monthly are at stake as the union moves closer to the Oct. 1 deadline for a new contract. Cruise operations would continue.Talks with…
Once an obscure name, Talen Energy Corporation has taken Wall Street by surprise to become one of the hottest stocks in the utility space this year, as its shares have more than doubled in value. Talen’s surge comes on the back of its deal to sell a data center campus to Amazon Web Services and supply the facility with nuclear power from the Susquehanna station northwest of Allentown, Pennsylvania. The deal is viewed as a trailblazing agreement for the power industry, and Wall Street has taken notice. A year ago, Talen was not covered by any Wall Street analysts, according…
The WNBA has enjoyed some of the fastest growth a sports league has ever seen, thanks in large part to superstar rookies Caitlin Clark and Angel Reese. With their play and fan following this year, they’ve helped the already surging league break records for attendance, viewership, merchandise sales and more.But top WNBA players don’t yet have the lofty salaries to match.The three most valuable WNBA teams — the Las Vegas Aces, the Seattle Storm and the New York Liberty — were valued in June at between 13 and 70 times the price of their most recent sale, all of which took place…
Combinations showing Entrepreneur Elon Musk (L) and Brazil Supreme Court Justice Alexandre de Moraes (R)Reuters (L) | Getty Images (R)Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday.The fines, imposed by Brazil’s supreme court (Supremo Tribuno Federal or STF) amount to $5 million in Brazilian reals, about $920,000, a day. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture.The suspension of X in Brazil was initially ordered…
Sean McDermott was chatting with caddie Ted Scott over the summer about strategy and sports psychology when Scott mentioned how his boss, PGA star Scottie Scheffler, has adopted the mindset of just trying to hit singles around the course. “Scottie Singles” has now won a pair of majors, including this year’s Masters, and has been ranked the No. 1 player in the world for more than two years.The strategy resonated so much with the Buffalo Bills head coach that he relayed the story to his star quarterback, Josh Allen, who is an avid golfer. Allen immediately saw the connection.Allen, like…
Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a “recalibration” of policy at a pivotal moment for the central bank.At his news conference following Wednesday’s open market committee meeting, Powell used variations of the word no fewer than eight times as he sought to explain why the Fed took the unusual step of a half percentage point rate cut absent an obvious economic weakening.”This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin…
I often refer back to the work of financial pioneer and “Father of Technical Analysis” Charles Dow, whose work in the early 20th century shaped how generations of investors have tried to make sense of market movements. The foundation of Dow’s work was based on the analysis of price trends, comparing swing highs and swing lows to define and track the trends over time. An initial look at the chart of Microsoft (MSFT) may suggest a consistent uptrend of higher highs and higher lows. And while this short-term uptrend is a valid observation, this also means Microsoft may be forming…
