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 […]
Cooler Inflation Tells Fed That Rates Are High Enough
The Editorial Board Bloomberg May 16, 2024 As the Federal Reserve struggles to make sense of a ceaseless flow of noisy statistics, it needs to keep one question front of mind: Is the current policy rate restrictive enough to bring inflation gently back down to the central bank’s 2% target? Right now, taken as a […]
Ships Diverted From Red Sea Send Ripple Effects Across the Globe
Brendan Murray Bloomberg June 2, 2024 Never has it been so cheap to inflict a world of economic pain. That stark point was underscored last week by Maximilian Hess, a principal at London-based Enmetena Advisory, a political risk consultancy. Speaking to a webinar of supply-chain managers, he showed a slide of a canoe-size naval drone […]
US Service Providers Chalk Up Strongest Growth in Nine Months
US Service Providers Chalk Up Strongest Growth in Nine Months ISM services PMI jumped 4.4 points in May to 53.8 Business activity posts biggest monthly gain in three years By Vince Golle Bloomberg, 06/05/2024 The US services sector expanded in May by the most in nine months, powered by the largest monthly gain in a measure […]
US REACT: April CPI Is Soft, But Details Aren’t Reassuring (2)
By Anna Wong (Economist), Stuart Paul (Economist) and Estelle Ou (Economist) Bloomberg May 15, 2024 (Bloomberg Economics) — OUR TAKE: April’s soft core CPI reading is the lowest yet this year. The good news is that we’re finally seeing disinflation in housing rents, which are on track to follow the downward path we – and probably […]