5 Things to Know Before Markets Open
- Reuters
Tesla supercomputer likely to boost market value by $600 billion – Morgan Stanley
The electric-vehicle maker (EV) started production of the supercomputer used to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year. Dojo can open up new addressable markets that “extend well beyond selling vehicles at a fixed price,” Morgan Stanley analysts, led by Adam Jonas, said in a note on Sunday.
4h ago
- Investor’s Business Daily
Dow Jones Futures Rise; Tesla Stock Eyes Buy Signal On Huge Price Target Hike
Futures rose Monday, with Tesla set to clear an early buy point on a huge price target hike. Apple, Adobe and Oracle in focus this week.
- Bloomberg
The mighty American consumer is about to hit a wall, investors say
(Bloomberg) — After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesEven Brief UAW Strike Seen Causing B
- Barrons.com
These Stocks Are Moving the Most Today: Tesla, Alibaba, Hostess Brands, Apple, Oracle, and More
Shares of Tesla are upgraded to Buy from Hold at Morgan Stanley, Alibaba CEO Daniel Zhang is stepping down as head of the company’s cloud business, and a report says J.M. Smucker is nearing a deal to buy Hostess Brands for about $4 billion.
Advertisement2h ago
- The Wall Street Journal
The 11% Yield That Isn’t in Your Mutual Fund
Competitive yields are tough to find in the stock market these days. For investors who aren’t averse to risk, business development companies offer an exception.
2h ago
- Barrons.com
Hostess Brands Stock Rises on Report Smucker Close to Buying Twinkies Maker
Shares of Hostess Brands jump as J.M. Smucker, the food company famous for jams and jellies, is nearing an acquisition of the Twinkies maker for about $4 billion, according to a report from The Wall Street Journal.
1h ago
- Forkast News
Bitcoin starts week below US$26,000; Ether dips after hack on Vitalik Buterin’s X account; more rate hike worries on Wall Street
There was red ink across the crypto market Monday morning in Asia as Bitcoin dipped below US$26,000. Ether also fell to near the US$16,000 mark.
9h ago
- Barrons.com
6 Inexpensive Consumer Stocks With Strong Profit Growth
Analysts are raising their forecasts for earnings of companies whose products people buy when they have money left over after buying essentials.
1d ago
- SmartAsset
How Much Can I Make in Dividends With $100k?
Popular conceptions of investing involve trading company stock when its value appreciates. However, dividends allow you to profit from holding company stock without selling it. Dividends offer investors regular cash payouts from companies they’ve invested in, resulting in passive income. Whether you’re a seasoned investor seeking to optimize your portfolio or a newcomer curious about […] The post How Much Can You Make in Dividends With $100k? appeared first on SmartReads by SmartAsset.
2d ago
- Bankrate
Is the housing market about to crash? What the experts are saying
Yes, the housing market is cooling. But there’s wide agreement among experts about one thing.
1d ago
- Yahoo Finance
Inflation, iPhones, and looming auto strikes: What to know this week
A key iPhone event and the final inflation data before the Fed’s next meeting greet investors in the week ahead.
- Yahoo Finance
Here’s the sunnier side of the Apple stock sell-off: Morning Brief
At least the interest rate outlook has become clearer for tech investors.
2h ago
- Yahoo Finance
Stocks set up for gains amid hopes for soft landing: Stock market news today
US futures moved higher on Monday as investors weighed Janet Yellen’s upbeat remarks on the US economy and as Tesla surged.
- Reuters
Alibaba stock slides after ex-CEO abruptly quits cloud unit ahead of IPO
HONG KONG (Reuters) -Alibaba’s stock lost more than 4% in Hong Kong on Monday after ex-group CEO Daniel Zhang quit just two months after concentrating his focus on cloud computing, raising concern over the unit’s spin-off plan and possibility of discord at the top. New group CEO Eddie Wu will concurrently become acting CEO and chairman of a unit grappling with weak sales growth ahead of an initial public offering (IPO) penned for next year. “We think this latest change was not planned back in June and there are concerns of disagreements among Alibaba’s partners.”
9h ago
- Reuters
J.M. Smucker nears roughly $5 billion deal to buy Hostess Brands – sources
Jif peanut butter maker J.M. Smucker is nearing a deal to buy Hostess Brands, the owner of Twinkies snack cakes, for close to $5 billion, sources familiar with the matter said on Sunday.
9h ago
- The Wall Street Journal
Energy Stocks Are Back in the Market’s Driver’s Seat
The energy sector is the best performer among the S&P 500’s 11 segments this quarter, up 12%, while the benchmark index has added 0.2%. The gains mark a contrast from earlier in the spring when the sector was the biggest laggard, down about 13% year-to-date through mid-March, dragged down by concerns about a slowing global economy and energy demand hurting oil prices. Now, extended production cuts by two of the world’s largest crude exporters and hopes that the U.S. economy could skirt a recession have powered oil prices to $90 a barrel, their highest level of the year, boosting energy stocks alongside.
2h ago
- Bloomberg
Oppenheimer’s Stoltzfus Says US Stocks Are Likely to Dip Further
(Bloomberg) — The recent pullback in US stocks has further to go, according to Wall Street’s most bullish strategist.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesThe Mighty American Consumer Is About to Hit a Wall, Investors Say“Bullishness is relatively high whil
4h ago
- Business Insider
Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman’s new memoir
Buffett praised Cooperman for defending Henry Singleton and Teledyne, and joked he could “deliver Nebraska” if the veteran investor ran for president.
2d ago