Back to The Basics!
Written by: Angela Akers The Fed’s preferred measure of inflation was released today, the Personal Consumptions Expenditures Index. The numbers came in higher than the previous month and higher than expected. The minutes of the Federal Reserve’s May meeting were released earlier this week showing Fed officials were split over a pause in rate hikes at the June meeting [...]
Palantir Gets a 10% Boost on Ukraine Deal, is it Worth Buying the Stock Though?
Yesterday, Palantir (PLTR) and the Ukrainian government announced that the two parties have struck a deal. Palantir’s technology will be a crucial part of Ukraine’s reconstruction efforts going forward. The software company empowered its users to make key decisions based on machined-assisted and human-driven data analysis. The use case in Ukraine is to catalog and assess damage to buildings [...]
NVDA’s Monumental Guidance Earns 27% Jump: Is There Any Room to Climb Higher, Though?
Nvidia (NVDA) stole the show in Thursday morning’s trading session, after a 1st quarter earnings report that shook the financial world up. The stock is currently up 27% as of Noon. Today’s performance is poised to be the biggest single-day rise in market value at over $200 billion. For the first quarter, the company grew sales by nearly [...]
Target Drops Amidst LGBTQ+ Line Backlash: We See 2 Other Issues With This Stock, Though
Target (TGT) has been battling serious backlash in recent weeks after shoppers took offense to their “tuck-friendly” swimsuits and a “the Devil Respects Pronouns” shirt. These products were designed for the transgender community and were part of a larger Pride line that hit shelves not too long ago. Critics claimed that these products shouldn’t be sold to children - [...]
Are ETFs for You? Find Out in Our New Blog Series Covering Exchange-Traded Funds from All Angles
By Leslie N. Masonson, MBA Two of the most significant events in the investment world over the past century, which have had a positive impact on everyday investors, were the introduction of the first mutual fund, MFS Massachusetts Investors Fund, in 1924, and the launch of the first exchange-traded fund (ETF), SPDR S&P 500 ETF Trust (SPY), on January [...]
Broadcom Stock Gets a Lift on Apple Chip Deal: 3 Reasons Investors Should Pay Attention to AVGO
This morning, Apple (AAPL) and Broadcom (AVGO) announced a multibillion-dollar deal between the two companies. Apple will rely on Broadcom to produce its 5G radio frequency components right here in the US. In 2021, Apple announced its intention to invest $430 billion in the U.S. economy, amidst backlash of overseas production. CEO Tim Cook says this deal represents a [...]