Dan Niles revealed on Tuesday that he is planning to buy some technology stocks that have underperformed the broader market this year. “They’re getting to levels where I’m probably going to force myself just based on the statistics to pick up some of the names I’ve been sort of waiting for on the tech side where I thought they were overvalued, and now they’ve kind of come back in as some of these fears get discounted in the market,” the founder of Niles Investment Management said on CNBC’s ” Money Movers .” The investor pointed to the performance of Apple…
Author: usaeverydaylife
With the S & P 500 finally breaking below a key support level at 5,850, and the former high-flying “Magnificent 7” stocks trading more like the “Meager 7” in 2025, where can investors look to ride out this period of market uncertainty? We’ll highlight three stocks with three factors in common: they are in defensive sectors that tend to do well during bear market phases, they have a dividend yield higher than the S & P 500, and they are featuring compelling technical profiles. First, let’s look to the health care sector, which has actually been the top performing S…
The Maersk Halifax, on the Central and South America route, berths at the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, on November 10, 2024.Nurphoto | Nurphoto | Getty ImagesAs a result of President Trump’s tariffs on Mexico and Canada, prepare for higher prices to hit soon.That is the message from Maersk, the second largest ocean shipping company in the world, about the escalating trade war between North American nations. While the White House says inflation is not a concern, Maersk’s view of the U.S. economy matches that of retailers and trade groups that the new tariffs…
The first quarterback domino didn’t end up falling.If the Rams and Matthew Stafford had gone through with a divorce — which felt like a real possibility for a few days as the Raiders and Giants were prepared to offer significant money and draft capital to reel him in — it would’ve caused a chain reaction throughout the league. The Rams might have turned their attention to Aaron Rodgers, or Sam Darnold, or someone else. And that would have changed the options available for the other teams seeking a quarterback.Instead, Stafford is staying in Los Angeles, leaving quarterback-needy teams looking at…
Iran’s conservatives have ousted two high-profile officials, throwing President Masoud Pezeshkian’s new, moderate government into turmoil and raising questions about its survival.The showdown comes as Iran faces a multitude of crises, including energy shortages, skyrocketing inflation, a free-falling currency, the military defeat of most of its regional allies and the return of President Trump and a more hostile U.S. policy.On Sunday, in the space of a few hours, the Parliament impeached Minister of Finance Abdolnaser Hemmati and the judiciary forced out Mohammad Javad Zarif, the well-known former foreign minister, from his post as vice president of strategy.The current Parliament and…
Check out the companies making headlines in midday trading: Okta — Shares surged 18% after the cloud software firm posted a fourth-quarter earnings and revenue beat. Okta reported adjusted earnings of 78 cents per share on revenue of $682 million, while analysts polled by LSEG expected 74 cents in earnings per share and $670 million in revenue, according to LSEG. GitLab — Shares gained 5% after the software platform posted a fourth-quarter earnings and revenue beat. On the other hand, GitLab guided for full-year earnings that came in below what analysts polled by FactSet had expected. Target — Worries around…
Bernstein is taking a contrarian view on Nvidia stock even as other investors signal that valuations had grown stretched for the broader artificial intelligence trade and as tariffs weigh on sentiment and depress prices. In fact, Bernstein managing director and senior analyst Stacy Rasgon argued that Nvidia’s valuation is a buying opportunity for investors, now that the stock is trading at roughly 25 times the next twelve months (NTM) estimated earnings. Ragson says that’s the lowest forward valuation level in a year for Nvidia and close to a 10-year low. “Worries that the AI trade is ‘over’ feel a little…
Nissan’s Smyrna Vehicle Assembly Plant opened in 1983, marking Tennessee’s first major auto facility. The plant employs more than 7,000 people are produces a variety of vehicles, including the Leaf EV and Rogue crossover.Michael Wayland / CNBCDETROIT — Roughly a third of vehicle production in North America could be cut by next week as a result of President Donald Trump’s 25% tariffs on Mexico and Canada, as automakers attempt to mitigate increased costs and buyers hold off on purchasing new cars and trucks.That lost production would equate to roughly 20,000 units per day, according to a new analysis from prominent…
A Southwest Airlines aircraft at a gate at Austin-Bergstrom International Airport in Austin, Texas, Feb. 16, 2023.Jordan Vonderhaar | Bloomberg | Getty ImagesSouthwest Airlines is closing two more crew basis amid its cost-cutting push that has also led to its first mass layoffs in its more than 50 years of flying.The airline is closing crew bases at Florida’s Fort Lauderdale-Hollywood International Airport and at Texas’ Austin-Bergstrom International Airport, according to a flight attendant union memo.”While the Company is within its rights to make this decision, it is not without impact on Flight Attendants,” said TWU Local 556 President Bill Bernal.He said…
Deion Sanders signed future Heisman Trophy winner Travis Hunter — the nation’s No. 1 overall recruit — to Jackson State without ever stepping foot on his high school campus.No one on his staff visited, either. It was unprecedented, an unthinkable recruiting victory that established Sanders as a force in the sport.But now entering his sixth season as a college coach and third season at Colorado, Sanders has a recruiting approach that has grown more traditional as his program has matured. No, Sanders still isn’t making home or school visits, a much discussed choice that is believed to have made him…
