Category: stock
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ZoomInfo stock falls 16% on weak guidance, CFO transition; Analysts downgrade By Investing.com
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ZoomInfo shares fell 10% in after-hours trading Tuesday after the company reported second-quarter earnings that missed analysts’ expectations and gave weaker-than-expected guidance. The product launch services company also announced a leadership change in its finance department. ZoomInfo reported adjusted earnings per share of $0.17 for the second quarter, missing analysts’…
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Why Intel Stock Plummeted Again Today
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Intel Corporation (NASDAQ: INTC) The stock took another hit in Monday trading. The semiconductor company’s shares ended the day down 6.4%, according to data from S&P Global Market Intelligenceat the same time, Standard & Poor’s 500, Nasdaq CompositeAnd Dow The indices closed the trading session down 3%, 3.4% and 2.6%…
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Nvidia stock tanks as Magnificent 7 shares see worst market cap loss ever
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Nvidia (NVDA) shares fell about 8% in early trading as Magnificent 7 shares saw their worst intraday market value loss ever during Monday’s market rout. As of 10:00 a.m. ET, the MAG 7 Group’s market cap has fallen by more than $860 billion. Together, MAG 7 shares make up about…
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Global Stock Rout Intensifies, Powering Bond Rally: Markets Wrap
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Breadcrumbs Path Links PMN Business Global stocks deepened on Monday as concerns grew that the Federal Reserve would delay its policy support for the slowing U.S. economy, prompting investors to seek safety in bonds. Japanese shares fell for a third straight day as traders priced in more domestic interest rate…
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3 Reasons AT&T Stock Can Soar Higher This Year
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AT&T (NYSE: T) It is considered a good dividend stock due to its high yield. At 5.9%, it is more than four times Standard & Poor’s 500 Average return 1.4%. For income investors, this could be an ideal long-term investment. But there’s another reason to invest in AT&T: its potential…
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Why did Warren Buffett dump Apple stock?
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Some might interpret Berkshire Hathaway’s decision to sell its stake in Apple as a lack of conviction in the iPhone maker’s growth story. But many on Wall Street are urging investors to look beyond the news and stay calm. Warren Buffett’s group disclosed Saturday that it sold nearly half its…
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This 7%-Yielding Dividend Stock Should Be Your First Choice for Income and Upside
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Enbridge (NYSE:ENB) Shell is the largest operator of energy infrastructure in North America. The Canadian pipeline and utility company transports 30% of the oil produced in North America and 20% of the gas consumed in the United States and operates the continent’s largest gas utility. In addition, it is among…
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Is the Artificial Intelligence (AI) Stock Bubble Bursting? These CEO Quotes Say No: The Boom Will Continue
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The recent earnings season saw a violent sell-off in many technology names that have surged this year as investors question the AI boom. There is no doubt that big companies continue to spend heavily on AI infrastructure. While big tech companies continue to spend more money on AI infrastructure, the…
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ChargePoint Pivots for Profitability, But Is It a Stock to Buy?
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Investors initially bought into the hype. Charging point (NYSE: CHPT) And other charging infrastructure companies. This was a logical trend as the electric vehicle industry prepares to boom in the coming years. In fact, some of the biggest concerns facing potential EV customers are range anxiety and charging infrastructure availability,…
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Warren Buffett’s Berkshire Hathaway dumps $75.5 billion worth of stock
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Berkshire Hathaway Inc. cut its stake in Apple Inc. by about 50% as part of a massive second-quarter selling spree that has left billionaire Warren Buffett’s cash pile at a record $276.9 billion. Berkshire Hathaway, based in Omaha, Nebraska, said Saturday that it sold $75.5 billion worth of shares during…
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How reflexive is the economy to the stock market?
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The Nasdaq is down 10.4% since its high just three weeks ago, but when you look at the broader picture, it’s a minor correction after a stunning rally. Nasdaq Weekly If stocks can stabilize here, this episode will quickly be forgotten. The problem is that we may see more selling,…
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US stock markets battered but show some signs of life into the close
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Amazon stock tumbles 8% as profit, revenue outlook disappoints
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Amazon (AMZN) stock fell 8% in afternoon trading Friday after the retail and cloud giant delivered current-quarter forecasts on Thursday that missed expectations on both the top and bottom lines. The disappointing returns were compounded by a weak July jobs report, which sent the tech world and the broader market…
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CrowdStrike Crashed More than 30% — 2 Reasons to Buy the Stock and 1 Reason to Sell
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Last month, Crowd Strike (NASDAQ: CRWD) Microsoft Corp. has faced one of the biggest nightmares for tech companies: The cybersecurity giant released a flawed software update that shut down operations for customers around the world, in what experts are calling the largest IT outage in history. Companies faced blue screens…
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Hertz stock falls 7% on wider-than-expected Q2 loss, revenue miss By Investing.com
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Hertz Global Holdings (OTC:), Inc. (HTZ) announced its financial results for the second quarter of 2024 on August 1, 2024. HTZ reported revenue of $2.4 billion in the second quarter, slightly below analyst estimates of $2.47 billion. This represents a 3% increase year-over-year compared to $2.437 billion in the second…
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1 Growth Stock Down 33% to Buy Right Now
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Between disappointing quarterly results, lower guidance, and a few recent cuts, Ulta Beauty (NASDAQ: ULTA) This investment is not very interesting at the moment. The stock has fallen 33% from its February high to its lowest level in two years, precisely because the market has lost hope. But as the…
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Japanese crypto exchange Bitbank eyes IPO on Tokyo Stock Exchange
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Cryptocurrency exchange Bitbank is preparing for an initial public offering on the Tokyo Stock Exchange, becoming the second Japanese crypto exchange to seek regulatory approval for an IPO. Bitbank Inc., a Japanese cryptocurrency exchange, is looking to go public as part of its strategy to expand its market presence and…