Apple is back. Shares hit an all-time high Tuesday despite a chorus of recent concerns from Wall Street analysts about demand for the new artificial intelligence-enabled iPhone 16. The news A major catalyst for Tuesday’s move: Data that signaled strong demand for Apple’s biggest money maker, the iPhone. In the third quarter, iPhone shipments rose 3.5% year over year to 56 million, according to a report Monday from market research firm International Data Corporation. That’s well above the Wall Street consensus of 50 million shipments, implying potentially between $2 billion to $4 billion of revenue upside in the quarter, Morgan…
Author: usaeverydaylife
China’s stimulus package and easing monetary policy have added trillions in market value to stocks like PDD Holdings, Baidu, Futu Holdings, and Alibaba. However, stocks don’t usually climb in a straight line, and many of these names are showing signs of exhaustion after a significant rally. Alibaba (BABA) , for example, has surged 40% in less than 30 days. I’m now looking for a bearish trade to capitalize on a potential pullback in BABA. This time, I’m introducing a new indicator for my trade setup: the MACD (Moving Average Convergence Divergence). Though the MACD is a lagging indicator and tends…
Small-cap stocks are starting to show signs of life lately. The iShares Russell 2000 ETF (IWM) climbed 2.4% over the past week, outpacing the S & P 500’s 1.9% rise during the same period, suggesting the asset class could start to finally break out after its lackluster performance this year. While the IWM has delivered 12% this year, that is far below the S & P 500 gain of almost 23%. The latest move has investors wondering whether now is the time to put money into small caps, as the asset class is more attractively valued when compared to large-cap…
• Part II of a five-part series ahead of the 2024-25 NBA season, chronicling how the league reached this era of parity and the key questions that remain. Part I |Welcome to our new era of NBA parity, where one team in each conference is favored by Vegas to lap the field by several games.Wait … what?Yes, it’s true: Despite the seeming increase in parity over the last several years, and some structural changes that make it seem likely to continue, the Boston Celtics and Oklahoma City Thunder begin the season as heavy favorites in each conference.So where are we, exactly,…
Citi is warning that Constellation Energy could face execution risks in restarting the Three Mile Island nuclear plant , initiating coverage of the high-flying power stock with caution. The bank initiated a neutral rating with a price target of $284 per share for Constellation, implying modest upside of 4.5% over Monday’s close of $271.74. Constellation’s stock has more than doubled this year and is up nearly 40% over the past month as Wall Street bets that the company’s nuclear fleet is well positioned to serve power demand from the tech sector’s data center expansion. CEG YTD line Constellation Energy stock,…
Traders, gamblers and politicos now have new tools to express their views this election cycle in the form of event contracts, but the new markets still need to win over Wall Street power players and the legal system to become investment stars. Kalshi and Interactive Brokers launched presidential election contracts this month on their nascent platforms after Kalshi won a key round in its legal fight with the Commodity Futures Trading Commission. The CFTC is seeking to shut down the markets on appeal, but the presidential election promises to be a big opportunity for the platforms to prove themselves to…
Lufthansa airplanes are parked on the tarmac at Frankfurt airport, Germany.Ralph Orlowski | ReutersGermany’s flagship airline has been fined $4 million by the U.S. Department of Transportation over allegations it discriminated against a group of Jewish passengers.The regulator said Tuesday that Lufthansa had prohibited 128 people wearing traditional Orthodox Jewish clothing from boarding for a connecting flight in Germany as they made their way from New York City to Budapest in May 2022.”Based on the alleged misconduct of some passengers,” DOT said, Lufthansa staff “treated them all as if they were a single group and denied them boarding,” despite many…
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background.Nurphoto | Nurphoto | Getty ImagesShares in semiconductor equipment maker ASML fell over 15% Tuesday after the Dutch company’s results were released a day early.The move pulled other chip stocks lower, with Nvidia, Advanced Micro Devices and Broadcom all falling at least 4%.ASML said it expects net sales for 2025 to come in between 30 billion euros ($32.72 billion) and 35 billion euros, at the lower half of the range it had previously provided.Net bookings for the September quarter came in at 2.6 billion euros ($2.83 billion),…
Premier League managers are judged by how their teams perform on the pitch, but the language they use off it can also play into how they are perceived by supporters, players and the media.From Ange Postecoglou’s many uses of “mate” to the importance Sean Dyche places on “hard yards”, managers use language to create a persona for them and their squad, or to forge togetherness.We recently looked at Erik ten Hag’s reference to a “game model” at Manchester United, so as well as adding another Ten Hagism, our writers looked at the words and phrases used by Premier League managers…
The power needs of data centers will temporarily prolong the demand for coal, maintaining the reliability of the electric grid but delaying the nation’s decarbonization goals, according to Moody’s Ratings. The electricity demand from data centers could more than double to 35 gigawatts by 2030 compared to 17 gigawatts in 2022, according to a Moody’s report published Monday. Existing natural gas and coal-fired plants will likely bridge the supply gap to meet this load as the power industry builds new capacity. “The near-term rise in U.S. power generation will delay forecast declines in domestic demand for thermal coal, delaying decarbonization…
