Jim Cramer has been considering a potential investment in BlackRock, the world’s largest asset manager, and we’re now adding it to our Bullpen stocks-to-watch list. The news BlackRock shares surged to a record high Friday after the firm posted third-quarter earnings that crushed analysts’ expectations, yet again. Management also announced that assets under management reached another record high, an incredible $11.5 trillion, on surging inflows as the stock market rallied. “We’ve added $2 trillion organically over the last five years. $2 trillion is the equivalent of being in the ranks of the sixth largest asset managers,” CEO Larry Fink told…
Author: usaeverydaylife
Netflix is less than a week away from issuing its third-quarter results, and some analysts think the stock is poised for more upside ahead. The streaming giant’s quarterly report is due next Thursday after the market close. The stock is having a strong 2024, surging nearly 50%. “We believe Netflix is the main beneficiary of industry rationalization and expect strong 3Q results,” UBS analyst John Hodulik wrote in a Wednesday note to clients, adding that subscriber growth is anticipated to ease year over year but “remain solid.” With a buy rating on the stock, Hodulik’s target of $750 implies more…
Tesla’s robotaxi event is now in the rearview mirror and investors seemingly wanted more. The movement in the patience-to-impatience investor pendulum for Elon Musk (and Tesla) has fully swung to impatience. I believe this initial negative reaction (down nearly 10%) is presenting a discount in Tesla (TSLA) shares and I want to use options to create short-term income while I wait for a short-term bounce. Musk rolled out the company’s latest vehicle, the Cybercab (I thought it was really cool). He also revealed their prototype of CyberVan, and he had a fleet of Optimus robots showing off their newly gained…
Horst Jicha discussing cryptocurrency.Source: Team Business Global | YouTubeA German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive.”There’s a very active investigation underway to capture him,” said John Marzulli, a spokesman for the Brooklyn U.S. Attorney’s Office, on Friday, a day after the defendant, Horst Jicha, failed to appear in Brooklyn federal court as scheduled.”We are going to forfeit the bond,” Marzulli added, meaning that prosecutors will…
Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024.Ramsey Cardy | Sportsfile | Collision | Getty ImagesAI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable demand for Nvidia, now valued at $3.3 trillion.While its position in artificial intelligence infrastructure represents a major tail wind, Cerebras has challenges — most notably a hefty reliance on a single Middle Eastern customer — that may prove too weighty to overcome in the company’s attempt to…
By now, you’ve seen it. A player makes a big catch or run for a first down or a touchdown. He jumps up, extends an arm, sticks out his index finger and raises his thumb to create an imaginary gun. Generally, the “shots” are fired downfield in the direction of no one in particular. But the flags still have followed for the unsportsmanlike conduct, which is a 15-yard penalty.The NFL is sending the message that it is done with finger guns following eight penalties and fines on players for such celebrations in the first four weeks of the season. Two…
A measure of wholesale prices showed no change in September, pointing to a continued easing in inflation, the Labor Department reported Friday.The producer price index, which measures what producers get for their goods and services, was flat for the month and up 1.8% from a year ago. Economists surveyed by Dow Jones had been looking for a monthly gain of 0.1% after August’s increase of 0.2%.Excluding food and energy, the PPI rose 0.2%, meeting expectations, and was up 2.8% from a year ago.The report comes a day after the Labor Department reported that the consumer price index, a more widely…
Wall Street has been fairly hot-and-cold on Tesla stock this year — and its highly anticipated robotaxi unveiling on Thursday isn’t helping to improve investor sentiment. Morgan Stanley’s Adam Jonas said he walked away particularly underwhelmed. “We were overall disappointed with the substance and detail of the presentation. As such, we anticipate TSLA to be under pressure following the event,” Jonas, the firm’s head of global auto and shared mobility research, said in a Friday note to clients entitled “That’s it? Disappointing Lack of Detail.” Investors had been piling into Tesla shares ahead of its “We, Robot” event in Los…
An aerial view shows destruction at the Spanish Lakes country club in Fort Pierce, Florida, in the aftermath of Hurricane Milton on October 10, 2024. John Falchetto | AFP | Getty ImagesMillions of Floridians were still without electrical power on Friday, more than a day after Hurricane Milton roared across the midsection of the state, touching off tornadoes and leaving at least 16 people dead.Utility workers repaired downed power lines and damaged cell phone towers, while crews from government agencies and residents armed with chainsaws cleared downed trees and mopped up flooded neighborhoods in cities and towns swamped by Milton’s heavy…
France’s newly-installed government on Thursday presented a draft budget containing 60 billion euros ($65.6 billion) in tax hikes and spending cuts, as analysts warned the package may not be enough to stave off ratings downgrades for the economy.The 2025 budget features a greater focus on tax-raising measures than some were expecting. Analysts also flagged “politically complicated” proposals such as a delay to an inflation adjustment for pensions, and cuts to local government, the civil service and the healthcare system.Other key elements include temporary additional taxes on large shipping firms and corporations with revenue of more than a billion euros a…
