Moody’s Raises Alarm on U.S. Banks. It’s a Reminder of the Turmoil in March.
Palantir’s 135% AI Surge Set for Earnings Showdown
(Bloomberg) — Palantir Technologies Inc. faces a fresh test of whether it can justify the artificial intelligence hype when it reports earnings after markets close on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushTexas Power Prices to Surge 800% on Sunday Amid Searing HeatHSBC Executive Slams ‘Weak’ UK for Backing US Against China
16h ago
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Barrons.com
These Stocks Are Moving the Most Today: U.S. Bancorp, Palantir, Lucid, Chegg, RingCentral, Beyond Meat, and More
Moody’s says it may downgrade the credit ratings on six major U.S. banks, including U.S. Bancorp and State Street, Palantir will be buying back $1 billion of stock, and Lucid says its 2023 production plans remain on track.
1h ago
Reuters
Moody’s downgrades US banks, warns of possible cuts to others
Moody’s cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon, US Bancorp, State Street and Truist Financial on review for potential downgrades.
7h ago
Investor’s Business Daily
One ‘Magnificent 7’ Stock Is Still Undervalued, Morningstar Says
Seven magnificent stocks drove most of the S&P 500’s gains this year. But only one of them is still undervalued, says Morningstar.
22h ago
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Business Insider
A ‘Black Swan’ investor warns of an epic debt bubble – and says stocks are overvalued and set to plunge
Universa’s Mark Spitznagel says stocks are at dangerous highs, blasts the Fed, and advises retail investors to follow Warren Buffett’s advice.
15h ago
TipRanks
The Future of Hydrogen Power Is Here — and These Stocks Are Leading the Charge
We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen, the most common element in the universe, is all around us – highly reactive and non-polluting. When us
11h ago
Barrons.com
Palantir Stock Rises After Post-Earnings Wobble. It’s the Gold Standard in AI, Says This Analyst.
Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.
47m ago
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TipRanks
Insiders Pour Millions Into These 2 Stocks Under $10 — Here’s Why Wall Street Thinks They Could Double (or More)
Investors are constantly looking for different ways to beat the market and there are several routes to follow in that pursuit. One common strategy is to keep track of the insiders’ moves. By insiders, we mean the corporate officers responsible for their own companies’ performance, who also naturally know the inner workings of the firms they work for better than anyone else. When they are seen picking up shares of company stock – by law they are required to make the transactions public – it sends
19h ago
Benzinga
3 REITs With Over 6% Dividend Yields That Smashed Earnings
Nothing warms an investor’s heart more than seeing companies in their portfolio with consistently increasing earnings that also beat the analysts’ expectations. With dozens of second-quarter real estate investment trust (REIT) earning reports coming out this week, take a look at three REITs with dividend yields above 6% that just beat Wall Street’s second-quarter estimates for earnings and revenue. EPR Properties (NYSE:EPR) is a Kansas City, Missouri-based diversified experiential REIT that owns
12h ago Zacks
CRISPR Therapeutics AG (CRSP) Reports Q2 Loss, Tops Revenue Estimates
CRISPR Therapeutics AG (CRSP) delivered earnings and revenue surprises of 55.05% and 2,085.45%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
13h ago
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Reuters
Yuan loses core support as firms leave China
SHANGHAI/SYDNEY (Reuters) -Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. Corporate leaders and their advisers say a shift is under way and the political concerns behind investment decisions are long term, which leaves the yuan facing pressure from what was long one of its staunchest supports.
1d ago Barrons.com
Nikola Stock’s Rollercoaster Ride Isn’t Over Yet
Nikola stock has been all over the place. The trend, despite all the volatility, is up. Shares have been boosted by demand for the company’s hydrogen fuel cell-powered trucks.
12h ago Zacks
Upstart (UPST) to Report Q2 Earnings: What’s in the Cards?
Upstart’s (UPST) second-quarter 2023 performance is likely to have benefited from recent additions to its product portfolio amid a challenging macro environment and tightening from funding partners.
19h ago
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Bloomberg
Electric Vehicle Tech Maker Proterra Files for Bankruptcy
(Bloomberg) — Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaTexas Power Prices to Surge 800% on Sunday Amid Searing HeatThe Burlingame, California-based c
1h ago Zacks
Luminar (LAZR) to Report Q2 Earnings: What’s in the Cards?
The Zacks Consensus Estimate for Luminar’s (LAZR) second-quarter earnings and revenues is pegged at a loss of 23 cents per share and $15.93 million, respectively.
18h ago Bloomberg
Biotech Firm Pops 677% on Social Anxiety Spray Trial Success
(Bloomberg) — A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., notched its best day ever, surging by as many as four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushTexas Power Prices to Surge 800% on Sunday Amid Seari
14h ago
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Benzinga
‘You Paid $166K In Interest, $25.5K In Principal’: Tech CEO Explains The ‘Brutal’ Math Behind New Mortgages — Here Are 3 Ways To Invest In Real Estate Without Buying A House
With elevated interest rates, securing a mortgage to buy a house can be challenging. But what could be more surprising is how the numbers actually work once you start making mortgage payments. “New mortgage math is brutal,” Austen Allred, co-founder and CEO of online coding bootcamp Bloom Institute of Technology, wrote in a recent tweet. Allred explained that if you purchase a $1 million house with a $200,000 down payment and get an $800,000 mortgage at a 7% interest rate, in the first three yea
Barrons.com
Lucid Misses Earnings Estimates. Share Rise Anyway.
Lucid reported a second-quarter per-share loss of 40 cents from sales of about $151 million. Wall Street was looking for a per-share loss of 34 cents from sales of $182 million.
12h ago