2 Underperforming Dow Stocks That Morgan Stanley Recommends Buying Now

Published by
Barchart (CA)

The Dow Jones Industrial Average ($DOWI), comprised of 30 powerhouse companies popularly known as blue-chip stocks, kicked off the year on a positive note – and is still clinging to a slim 2024 gain, despite a tough month of April. However, popular names like Apple Inc. (AAPL) and Intel Corporation (INTC) have been among the weakest performers. Nevertheless, analysts at investment giant Morgan Stanley (MS) suggest it’s time to buy the dip on these Dow stocks, with the prospect of artificial intelligence (AI)-driven breakthroughs set to revolutionize both companies’ trajectories. While Apple’s … Read More “2 Underperforming Dow Stocks That Morgan Stanley Recommends Buying Now”

2 Underperforming Dow Stocks That Morgan Stanley Recommends Buying Now

Published by
Barchart

The Dow Jones Industrial Average ($DOWI), comprised of 30 powerhouse companies popularly known as blue-chip stocks, kicked off the year on a positive note – and is still clinging to a slim 2024 gain, despite a tough month of April. However, popular names like Apple Inc. (AAPL) and Intel Corporation (INTC) have been among the weakest performers. Nevertheless, analysts at investment giant Morgan Stanley (MS) suggest it’s time to buy the dip on these Dow stocks, with the prospect of artificial intelligence (AI)-driven breakthroughs set to revolutionize both companies’ trajectories. While Apple’s … Read More “2 Underperforming Dow Stocks That Morgan Stanley Recommends Buying Now”

Americans Swap $5 Burgers For $1,000 Weight Loss Drugs — Is Soda Getting Left Behind Too?

Published by
Benzinga

A trio of earnings reports Tuesday morning may have given us a glimpse into how Americans’ consumption habits are shifting. Eli Lilly (NYSE:LLY), which makes Mounjaro, one of the leading weight-loss drugs in the United States, beat EPS estimates and also raised its 2024 revenue guidance, sending the stock higher. Meanwhile, both McDonald’s (NYSE:MCD) and Coca-Cola (NYSE:KO) each reported underwhelming quarters, sending their respective stocks lower. Weight-loss drugs, like Ozempic, Wegovy and Mounjaro, have swept through the country, quadrupling the number of prescriptions to more than 8 milli… Read More “Americans Swap $5 Burgers For $1,000 Weight Loss Drugs — Is Soda Getting Left Behind Too?”

Bitcoin price forms bearish engulfing as BitBot thrives

Published by
Invezz

Bitcoin price has come under intense pressure in the past few weeks as investors sit and wait for the next catalyst. The BTC token had its first monthly decline in eight months. It has also crashed in the past five straight weeks. It retreated to about $60,000, which was lower than the year-to-date high of over $73,500. Other cryptocurrency prices like Ethereum, Solana, and Avalanche continued diving as the fear and greed index retreated. Still, despite the doom and gloom, BitBot token continued raising substantial sums of money as its fundraising reached over $3.05 million. Bitcoin lacks a cl… Read More “Bitcoin price forms bearish engulfing as BitBot thrives”

Amazon Q1 Earnings Highlights: Revenue Beat, EPS Beat, AWS Hits $100-Billion Annual Run Rate And More

Published by
Benzinga

E-commerce giantAmazon.com Inc (NASDAQ:AMZN) reported first-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Amazon reported first-quarter net sales of $143.3 billion, up 13% year-over-year. The net sales total beat a Street consensus estimate of $142.5 billion, according to data from Benzinga Pro. The company reported North American sales of $86.3 billion, up 12% year-over-year. International segment sales were $31.9 billion, 10% higher year-over-year. The company’s Amazon Web Services segment posted first-quarter sales of $25 billion, a 17… Read More “Amazon Q1 Earnings Highlights: Revenue Beat, EPS Beat, AWS Hits $100-Billion Annual Run Rate And More”

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

Published by
Benzinga

As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn, declining by approximately 3%. This marks the end of a five-month streak of gains. Similarly, the tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:QQQ), experienced a 3.5% decline. Among large-cap indices, blue-chip stocks showed slight underperformance, with the SPDR Dow Jones Industrial Average E… Read More “April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market”

AMD Investors Pull Back After Modest Q1 Beat, Lukewarm Guidance; CEO Touts AI Chip Ramp-Up (UPDATED)

Published by
Benzinga

Editor’s note: This story has been updated with additional details. Chipmaker Advanced Micro Devices, Inc. (NASDAQ:AMD) reported Tuesday after the close with first-quarter results that came in slightly ahead of expectations thanks to record data center revenue. The stock retreated in after-hours trading, likely due to second-quarter revenue guidance that fell short of consensus estimates on the low end. AMD’s Key Q1 Metrics: Santa Clara, California-based AMD’s first-quarter earnings and sales rose modestly year-over-year, although both metrics fell from the previous quarter. Here’re how the ma… Read More “AMD Investors Pull Back After Modest Q1 Beat, Lukewarm Guidance; CEO Touts AI Chip Ramp-Up (UPDATED)”

2 Top ETFs to Invest in the ‘Inevitable’ Copper Boom

Published by
Barchart

Copper prices have been on a real hot streak in 2024, with July-dated copper futures (HGN24) – the most active contract – soaring to a new two-year high earlier today on the heels of strong manufacturing data out of China. The industrial metal has soared 16% year-to-date, with 12.8% of that gain in the last month alone. It’s outshining even the eye-catching performance of higher-brow metals like gold (GCM24) and silver (SIN24), thanks to a mix of rising industrial demand, supply snags, and a surge in eco-friendly policies. Copper prices pulled back today, closing sharply lower after setting t… Read More “2 Top ETFs to Invest in the ‘Inevitable’ Copper Boom”

2 Top ETFs to Invest in the ‘Inevitable’ Copper Boom

Published by
Barchart (CA)

Copper prices have been on a real hot streak in 2024, with July-dated copper futures (HGN24) – the most active contract – soaring to a new two-year high earlier today on the heels of strong manufacturing data out of China. The industrial metal has soared 16% year-to-date, with 12.8% of that gain in the last month alone. It’s outshining even the eye-catching performance of higher-brow metals like gold (GCM24) and silver (SIN24), thanks to a mix of rising industrial demand, supply snags, and a surge in eco-friendly policies. Copper prices pulled back today, closing sharply lower after setting t… Read More “2 Top ETFs to Invest in the ‘Inevitable’ Copper Boom”

2 Top ETFs to Invest in the ‘Inevitable’ Copper Boom

Published by
Barchart (UK)

Copper prices have been on a real hot streak in 2024, with July-dated copper futures (HGN24) – the most active contract – soaring to a new two-year high earlier today on the heels of strong manufacturing data out of China. The industrial metal has soared 16% year-to-date, with 12.8% of that gain in the last month alone. It’s outshining even the eye-catching performance of higher-brow metals like gold (GCM24) and silver (SIN24), thanks to a mix of rising industrial demand, supply snags, and a surge in eco-friendly policies. Copper prices pulled back today, closing sharply lower after setting t… Read More “2 Top ETFs to Invest in the ‘Inevitable’ Copper Boom”