How Apple could double its revenue growth, according to top analyst Laura Martin
Alex Harring CNBC July 10, 2024 Needham sees Apple doubling its revenue growth by building out an advertising business. Analyst Laura Martin said the big technology company’s single-digit revenue growth rate feels “increasingly at risk” over a three-year time horizon. Instead, she said the personal technology giant should follow fellow megacap tech titan Amazon’s lead in […]
Starbucks Will Get a Jolt. Its Stock Is a Buy.
Evie Liu Barron’s June 14, 2024 Starbucks is brewing plans for a turnaround after surprisingly weak second-quarter earnings. Same-store sales at the world’s largest coffee chain declined 3% in North America and 6% in international markets, the result of soft demand and more competition in China. The stock, which has slumped almost 17% this year, […]
Goldman’s Kostin Says US Earnings Bar Is Set Highest Since 2021
Sagarika Jaisinghani Bloomberg July 01, 2024 Corporate America faces the highest earnings bar in almost three years as it prepares to report second-quarter results, according to Goldman Sachs Group Inc. strategists. Single-stock analysts predict profits at S&P 500 firms rose 9% on average in the April-June period — the biggest year-over-year increase since the fourth […]
US Services Activity Expands by Most in More Than Two Years
Vince Golle Bloomberg June 21, 2024 S&P Global’s flash June gauge advanced to 55.1 from 54.8 Manufacturing index also rose, while price measures cooled US services activity picked up marginally early this month to the fastest pace in more than two years while the outlook improved on cooler price pressures and prospects for lower borrowing […]
Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up
Jeran Wittenstein Bloomberg June 23, 2024 Nvidia Corp. is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months. But there’s a problem with that valuation. In the age of the artificial intelligence boom, no one can figure out […]
Can Nvidia stay at the heart of the new AI economy?
Tim Bradshaw and Michael Acton Financial Times June 21, 2024 Adam, 44, had only ever bought shares in one other company when he decided to invest in a stock called Nvidia last month after a “hot tip” from a friend. “It’s AI and clearly there’s money in that,” says Adam, who works in the hospitality […]
Google and Microsoft Don’t Care About Fed’s 2% Inflation Goal
Conor Sen Bloomberg May 3, 2024 High interest rates won’t deter spending by the big technology companies as they race to dominate in artificial intelligence. As the Federal Reserve acknowledges a setback in its inflation fight, one question looms large: Why hasn’t the economy slowed the way policymakers expected? An underrated factor here is the growing belief […]
Apple Stock Is a ‘Dark Horse’ Bet on AI
Dana Blakenhorn InvestorPlace Contributor January 17, 2024 • Apple (AAPL) stock is down relative to Microsoft because of AI. • Apple plans to run large language models on its devices, not just on its cloud. • Assuming all this works, patient investors will be rewarded. Before buying Apple (NASDAQ:AAPL) stock, which is already worth nearly […]
US Stocks Amped Up by Big Tech, Better-Than-Expected Earnings
Carmen Reinicke, Carly Wanna, Sagarika Jaisinghani Bloomberg March 2, 2024 This earnings season gave investors ample reasons to pour money into stocks even as traders grow increasingly wary about the economy and the timing of the Federal Reserve interest-rate cuts. Results for the final quarter of 2023 signaled continued corporate strength despite the angst. Balance […]
BofA’s Subramanian Sees S&P 500 Hitting Record 5,000 Next Year
Farah Elbahrawy Bloomberg November 21, 2023 Earnings are solid as companies overcome rates, macroeconomics ‘US exceptionalism is intact,’ bank’s strategists say The S&P 500 is set for a fresh high in 2024 because US companies have adapted to higher rates and weathered macroeconomic jolts, according to Bank of America Corp. strategists who join a growing […]