Super Micro Computer CEO Charles Liang appears the Computex conference in Taipei, Taiwan, on June 5, 2024.Annabelle Chih | Bloomberg | Getty ImagesSuper Micro Computer joined the Nasdaq 100 in July. Five months later, it’s out, and the stock is down 7% on the news.Nasdaq said late Friday that Super Micro is being removed from the index, which is made up of the top 100 non-financial stocks on the Nasdaq and is the basis for the Invesco QQQ Trust exchange-traded fund, one of the most actively traded ETFs.The announcement is the latest in a roller coaster of a year for…
Author: usaeverydaylife
Unfortunately for the Detroit Lions, the Philadelphia Eagles aren’t going away. They just keep on winning. After their 10th straight victory, a 27-13 walloping of the Pittsburgh Steelers on Sunday, the 12-2 Eagles are tied with the Lions atop the NFC.The Lions, who lost a 48-42 shootout to the Buffalo Bills on Sunday, still have a hold on the No. 1 seed due to their superior record against NFC foes (8-1 to the Eagles’ 7-2). However, there are still three more games left to play this season, and with Detroit defenders getting injured at an alarming rate, it’s quite possible…
Check out the companies making headlines in midday trading: Nvidia — Shares slipped roughly 2%, putting the artificial intelligence chipmaker officially in correction territory after tumultuous trading over the past month. MicroStrategy — The bitcoin proxy stock rose more than 6% after Nasdaq announced MicroStrategy will be added to the tech-heavy Nasdaq-100 index . This means the stock will be included in the popular Invesco QQQ Trust ETF . The index inclusion takes effect on Dec. 23. Crypto stocks — Shares of crypto-linked stocks rallied, with Coinbase and Robinhood gaining 4.7% and 7%, respectively. Mara Holdings shares soared more than…
There are still stock market bargains to be found heading into 2025, despite the S & P 500’s lofty valuation. Stocks have grown increasingly expensive as the broad market index soared in 2024. The S & P 500’s price-to-earnings ratio based on the next 12 months’ earnings is currently 22.31, according to FactSet data, compared to a three-year average forward P/E of 19.15. The S & P 500 has rallied more than 27% this year, putting the index on track to notch a second straight annual return of plus 20%. The Nasdaq Composite has added more than 34% in 2024,…
Emergency vehicles are parked outside the Abundant Life Christian School in Madison, Wis., where multiple injuries were reported following a shooting, Monday, Dec. 16, 2024.Scott Bauer | APA shooting at a Christian school in Madison, Wisconsin, left five people dead on Monday, including the suspected shooter, a student at the school according to authorities, who said that five people were injured and that children were among the dead.The shooting took place at Abundant Life Christian School, a private institution that teaches some 400 students from kindergarten through 12th grade, the Madison Police Department said.Madison Police Chief Shon Barnes told a news conference that at least five people were killed…
Mayor Eric Adams speaks to the press during the weekly briefing at the City Hall about the ongoing programs in New York City. Lev Radin | Lightrocket | Getty ImagesPresident-elect Donald Trump said Monday that he would “certainly look at” issuing a pardon for New York City Mayor Eric Adams.”I think that he was treated pretty unfairly,” the incoming Republican president said of the Democratic mayor, who has pleaded not guilty to federal corruption charges.Speaking to reporters in Florida at his resort home Mar-a-Lago, Trump cautioned that he has not seen “the gravity of it all,” suggesting he had not closely studied…
CFOTO | Nurphoto | Getty ImagesMichael Saylor compared bitcoin to New York City and its economy on Monday as the cryptocurrency rose to fresh records, calling it “cyber Manhattan.””We’ll just keep buying the top forever, everyday is a good day to buy bitcoin” the founder and chairman of MicroStrategy said on CNBC’s “Money Movers.” “I would have bought Manhattan 100 years ago, 200 years ago, every year for the past 300 years. You pay a little bit more than the person that bought Manhattan before you, but it’s always a good investment to invest in the economic capital of the…
DETROIT — He sold a perfect pump fake, slipped past a pair of pass rushers and charged toward the 10-yard line as Detroit Lions safety Brian Branch closed hard. And then, in an absurd and audacious act of spontaneity, the dude who is currently the best football player on the planet flipped a two-handed chest pass over Branch and into the waiting arms of Buffalo Bills tight end Dalton Kincaid, who, naturally, was standing alone in the end zone.For a second or two, Josh Allen soaked up the moment and prepared to celebrate, for what seemed like the 832nd time…
There are several sneaky growth plays with fair prices heading into next year, according to a recent Goldman Sachs analysis. The S & P 500 is trading around record levels heading into the new year, with one Wall Street firm recently finding that the broad market index is trading at a historically expensive price-to-earnings ratio of 22.3. Against this backdrop, investors looking for further gains in their portfolios could find buying opportunities in stocks that are still fairly priced. Goldman analyst Deep Mehta gave a list of names deemed to be “growth at a reasonable price,” or GARP, stocks. These…
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team’s WNBA basketball game against the New York Liberty, May 23, 2024, in New York.Frank Franklin II | APStartup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before its inaugural season.”Our players haven’t even taken the court yet and the foundation we are building with our partners unites unparalleled expertise, strategic insight, and an incredible product,” Unrivaled President Alex Bazzell said in a press release. “Together, we’re setting the stage for Unrivaled for years to come.”The…
