Q2

Cheap Valuations Prompt Investors Like Warren Buffett to Buy Beauty Stocks Despite Concerns Over Industry Prospects

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Cheap Valuations Prompt Investors Like Warren Buffett to Buy Beauty Stocks Despite Concerns Over Industry Prospects

Beauty brands often showcase resilience during market downturns. When budgets become strained, especially during recessions, people refuse to give up on smaller luxuries like beauty and skincare products. The trend of splurging money on beauty and affordable luxuries when cash is tight and the economy is weak was theorised as the “lipstick index.” However, the … Read more

Warren Buffett Splashes $185 Million For 1 Million Shares Of This Leading Aerospace Company In Q2

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Cheap Valuations Prompt Investors Like Warren Buffett to Buy Beauty Stocks Despite Concerns Over Industry Prospects

Billionaire investor and chairman of Berkshire Hathaway, Warren Buffett, bought 1.04 million Class A shares of aerospace and electronics company Heico Corporation (NYSE: HEI.A) for $185.37 million in Q2, according to the latest 13F filing. Heico operates in two segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG), where most of its … Read more

Alibaba revenue edges up to US$33.5 billion but misses estimates in June quarter

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Alibaba revenue edges up to US.5 billion but misses estimates in June quarter

“Our results this quarter demonstrated our strategy at work. Our focus on enhancing user experience by offering quality products at attractive prices with great service led to stabilising market share of Taobao and Tmall Group as we returned the business on the growth trajectory,” Alibaba CEO Eddie Wu Yongming said in a statement on Thursday. … Read more

Intel Shares Plunge 18% As It Plans Layoffs, Halts Dividends After Missing Q2 Estimates

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Intel Shares Plunge 18% As It Plans Layoffs, Halts Dividends After Missing Q2 Estimates

Intel’s shares fell over 18% to $23.56 in after-hours trading on August 1 after the chipmaker’s Q2 earnings missed top and bottom line estimates. The company’s overall revenue fell 1% year-over-year (YoY) to $12.8 billion, missing analyst estimates of $12.9 billion. The chipmaker’s Q3 revenue estimates between $12.5 billion and $13.5 billion were again below … Read more

Jim Cramer Names Six Companies That May Enter the Trillion-Dollar Stock Club

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Jim Cramer Names Six Companies That May Enter the Trillion-Dollar Stock Club

Former hedge fund manager and host of the CNBC show “Mad Money,” Jim Cramer, strives to help people think like professional investors and, in early July, named several companies that can reach a market capitalisation of $1 trillion. Cramer nominated pharma giant (1) Eli Lilly (NYSE: LLY) and (2) EV maker Tesla (NASDAQ: TSLA) as … Read more

These Two Market Indicators Are Flashing Warning Signals For US Stocks; This Warren Buffet Stock Remains Strong

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These Two Market Indicators Are Flashing Warning Signals For US Stocks; This Warren Buffet Stock Remains Strong

The Cboe Volatility Index (VIX) jumped to a three-month high of 18.46 yesterday as the Q2 earnings season began with lacklustre reports from Tesla and Alphabet, triggering a sell-off in the US stock market. The VIX, or the fear gauge, measures the demand for protection against stock fluctuations. The S&P 500 dropped 2.3%, while the … Read more

Nvidia Likely To Announce Surprise Positive Earnings Next Month, Says Goldman Sachs After Meeting Top Company Exec

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Nvidia Likely To Announce Surprise Positive Earnings Next Month, Says Goldman Sachs After Meeting Top Company Exec

According to a Goldman Sachs note this week, Nvidia is prepared to silence critics when it announces Q2 earnings results next month. The outlook emerged after Goldman Sachs met with Nvidia CFO Colette Kress. There are growing concerns that Nvidia’s customers’ profits are insignificant compared to the billions of dollars spent on AI chips. “End-user … Read more

Analysts See Tech Companies Leading the Rally Ahead of Q2 Earnings, Lifts Target Price Over 20% For 3 Tech Stocks

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Analysts See Tech Companies Leading the Rally Ahead of Q2 Earnings, Lifts Target Price Over 20% For 3 Tech Stocks

Wedbush Securities tech analyst Dan Ives has long maintained that today’s tech revolution is unlike anything seen since the 1990s despite the industry facing a slump in 2022. However, the worst year for US stocks since 2008 didn’t change Ives’ optimistic outlook on the tech industry. “The bull market was under the covers; it just … Read more

Rep. Marjorie Taylor Greene Diversifies Portfolio with Investments in AI, Apparel, and Energy Stocks

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Rep. Marjorie Taylor Greene Diversifies Portfolio with Investments in AI, Apparel, and Energy Stocks

Representative Marjorie Taylor Greene, serving Georgia’s 14th congressional district, is also a member of the Oversight and Reform Committee and the Homeland Security Committee. She is known for making several profitable investments over the years. According to data from Quiver Quantitative, Greene’s estimated net worth is $22.15 million, and she maintains a diversified portfolio of … Read more

Amazon Prime Day Investment Challenge: Buy Stocks As Shares Trade 6X Cheaper Valuation Vs. June 2023

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Amazon Prime Day Investment Challenge: Buy Stocks As Shares Trade 6X Cheaper Valuation Vs. June 2023

Amazon Prime Day (July 16 and 17) is set to bring exceptional deals across millions of products with discounts of up to 50% from top brands. While many are expected to spend hundreds, if not thousands, on shopping—an Amazon Prime Day investment challenge has recently gone viral and aims to counter one’s spending and boost … Read more