In 2023, Walmart (NYSE: WMT), the retail giant, navigated a challenging business environment, with the company’s equity rallying by over 10%. The company reported noteworthy figures in its third-quarter report, including a 5.2% growth in revenue quarter-over-quarter from the previous quarter and earnings per share of $1.53, precisely matching analysts’ estimates. As we move further…
United States House Representative Nancy Pelosi continues to reap significant gains from her investment in the stock of semiconductor giant NVIDIA Corp. (NASDAQ: NVDA) despite questions regarding potential conflicts of interest. The success of Pelosi’s investments is underscored by the fact that the lawmaker has generated substantial profits within two months, surpassing her annual salary….
While leaving its once-formidable rival – Blockbuster – in the dustbin of history and emerging as one of the world’s most recognizable entertainment platforms – likely second only to Disney (NYSE: DIS) – Netflix (NASDAQ: NFLX) has been on a major ride to the highest of highs and some fathomless lows in recent years. Indeed,…
Despite a slowdown in 2023 that saw hybrid cars rise to new heights of popularity and significantly reduced demand for pure electric vehicles (EVs), Elon Musk’s Tesla (NASDAQ: TSLA), unlike several of its competitors such as Lucid (NASDAQ: LCID) navigated the year with notable success. The most recent weeks, however, have been more challenging for…
In recent days, the stock market has seen notable gains, with key indices, including the S&P 500 and the Dow Jones Industrial Average, reflecting bullish sentiments. Notably, the S&P 500 index has surged by almost 3% so far in 2024, consistently holding its position above the 4,850 mark, while the Dow reached a historic milestone,…
The Chinese stock market has been on a decisive downward trajectory for more than a year, with the major indices for the Hong Kong, Shenzhen, and Shanghai exchanges dropping between 22% and 30% in the last 52 weeks. The market, however, made a sharp turn on Tuesday, January 24, as reports that the Chinese government…
In recent weeks, Spirit Airlines (NYSE: SAVE) might have become transformed into the world’s newest meme stock as it went on a veritable – and ongoing – stock market rollercoaster ride after the court blocked its merger with JetBlue (NASDAQ: JBLU). Once the $3.8 billion acquisition of Spirit Airlines was prevented over DoJ’s antitrust concerns,…
The Chinese stock market has been going through a prolonged period of decline that saw the CSI 300 index – the index of 300 blue-chip companies listed on the Shanghai and Shenzhen exchanges – and the HSI index – the benchmark index for the Hong Kong stock exchange – slump approximately 30% in the last…
With tensions around the world appearing higher than they’ve been in years and with multiple high-intensity conflicts raging, many have held onto the belief that the U.S. defense stocks – key cogs in the machine commonly known as the “military-industrial complex” – will easily reach new all-time highs. Indeed, in the final quarter of 2023,…
Despite broad optimism near New Year’s Day signaling that investors believe 2024 will present a strong bull market, the general attitude has since become remarkably mixed. This uncertainty is well exemplified by the major banks’ expectations for the year, which range from very bullish to expectations of significant struggles and volatility. Additionally, while the crypto…