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Bank of America sends blunt message to Nvidia stock investors

Every few quarters, the debate around Nvidia moves. For a while, it was about whether AI demand was real. Then it was about whether margins could hold. Now, heading into its August 26 earnings report, the question is wh…

Markets

Wednesday Sector Laggards: Advertising, Apparel Stores

Also lagging the market Wednesday are apparel stores shares, down on the day by about 1.9% as a group, led down by Savers Value Village, trading lower by about 9.9% and Lulus Fashion Lounge Holdings, trading lower by ab…

Markets

Another AI lab is burning through cash as Tencent earnings rise

Two very different pictures of China’s artificial intelligence race are coming into focus at the same time. Tencent, the roughly $500 billion conglomerate behind WeChat and one of the world’s largest gaming businesses, …

Markets

Cotton Pushes Higher on Tuesday

Cotton futures held higher in the front months on Tuesday, with gains of 9 to 64 points and the deferred contracts lower. The outside markets were being ignored, with crude oil down 51 cents/barrel and the dollar index …

Markets

Bull of the Day: MYR Group Inc. (MYRG)

MYR Group Inc. MYRG is one of the largest specialty electrical construction contractors in the U.S. and one of the best pure-play stocks to buy within an increasingly critical behind-the-scenes industry required to fuel…

Markets

Stocks Settle Lower Ahead of Wednesday’s CPI Report

The S&P 500 Index ($SPX) (SPY) closed down -0.32% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.33%. September E-mini S&P futures (E…

Markets

Dollar Slightly Higher as Crude Oil Rallies and Stocks Fall

The dollar index (DXY00) rose by +0.06% on Tuesday. The dollar found support on Tuesday after WTI crude oil prices rose more than +1% to a 1-week high, which raises inflation expectations and may persuade the Fed to tig…

Markets

Why is Samsung Electronics stock surging today?

Micron Technology surged 18% on Thursday, rebounding from recent declines as Samsung’s Q2 earnings signaled long-term memory chip shortages due to AI demand. This commentary effectively countered previous bearish narrat…

Markets

Corn Faces Pre-USDA Report Pressure on Tuesday

Corn futures posted marginal losses on Tuesday, with contracts down 1 to 2 cents across the board. The CmdtyView national average Cash Corn price was down a penny at $4.07 3/4.