When the tyranny of the “Magnificent Seven” ended, I always figured the money would go to the rest of tech. I also didn’t think that there would be anything left of the Mag 7 to invest in. They would all be obliterated as part of a source-of-funds move. Club name …
I can’t be the only parent of college-age kids who routinely texts them, “Have fun. Not too much.” This roughly captures the recent market moment. Investors have loosened up and are deservedly enjoying the resounding six-week market comeback — which takes them ever closer to the hard-to-discern line between harmless …
People love to talk about the straw that broke the camel’s back. I think an anvil broke the bull market’s back last week. A straw would never have done it because, until last week, I didn’t see a lot on the back of a bull that would cause a straw …
Wall Street finished last week with big back-to-back declines, moving the S & P 500 away from Wednesday’s record-high close. Chip giant Nvidia had a rough week ahead of this week’s earnings. The S & P 500 flipped negative for all of last week, down 1.7%, after Friday trading extended the …
A new movie due out next month called “Novocaine” is about a guy unable to feel pain. This is a kind of superpower, right up to the point where it becomes a keen danger, leaving him insensitive to damaging injury. The stock market, similarly, was for weeks calm and unflinching …
The blessed, they are so few. That’s how I feel when I look at the crop of initial public offerings (IPOs) since 2020, a cornucopia of huge winners at the start of the decade, including Alex Karp’s Palantir, followed by a mighty fallow crop to the present. Trying furiously to …
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, …
The stock market is rather calm but can’t seem to relax. In a noisy and fast-shifting news environment, stocks were quietly flattish last week from point to point, even after Friday’s almost 1% drop, which extends a sideways three-month range during which the S & P 500 has traded no …
Citi cuts Nvidia target ahead of earnings, still sees 37% upside Citi cut its price target on Nvidia ahead of its earnings report later this month. Analyst Atif Malik reduced the 12-month price target to $163 from $175 previously. The new forecast still represents a 37% rally from Tuesday’s close …
Shares of Alphabet were under pressure in after-hours trading Tuesday, following the tech giant’s quarterly revenue miss and much higher-than-expected 2025 capital expenditure guidance. Revenue for the fourth quarter ended Dec. 31 climbed 12% year over year to $96.47 billion, short of the $96.56 billion consensus estimate compiled by LSEG. Adjusted …