Broadcom Inc

These stocks are overbought after a strong May for Wall Street and could be due for a pullback
World

These stocks are overbought after a strong May for Wall Street and could be due for a pullback

A few stocks, including a handful of semiconductor giants, could take a hit after riding the market’s rebound in May. The market closed out a big winning month with the S & P 500 climbed more than 6%, its largest monthly advance since late 2023 and leaving the benchmark little changed on the year. The […]

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Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more
Finance

Stocks making the biggest moves Thursday: Boeing, Nvidia, Salesforce, E.l.f. Beauty and more

Check out the companies making headlines in Thursday trading. Salesforce — The customer relations management software maker’s shares traded 5% lower on Thursday after the company posted its latest quarterly results. RBC Capital Markets downgraded the stock, citing execution risks if the company continues acquiring. Salesforce did beat fiscal first-quarter estimates and raised its full-year outlook, […]

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Stocks making the biggest moves premarket: Nvidia, E.l.f. Beauty, HP, Burlington Stores and more
Finance

Stocks making the biggest moves premarket: Nvidia, E.l.f. Beauty, HP, Burlington Stores and more

Check out the companies making headlines before the bell. Nvidia — The graphics processing unit manufacturer popped 6% after fiscal first-quarter adjusted earnings of 96 cents per share exceeded the 93 cents analysts polled by LSEG had expected. Nvidia’s revenue of $44.06 billion also beat forecasts of $43.31 billion. Other chip stocks rallied in sympathy. […]

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These stocks, including UnitedHealth, became the most oversold names this week
World

These stocks, including UnitedHealth, became the most oversold names this week

UnitedHealth was noticeably absent from the major averages’ surge this past week – and shares of the beleaguered insurer have become historically oversold. The health insurance giant was one of a small handful of names to sit out this week’s rally, in which stocks rebounded after U.S. and Chinese officials agreed to slash tariffs for […]

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CNBC Daily Open:  The U.S.-China deal revives markets and the idea of a ‘Trump put’
World

CNBC Daily Open: The U.S.-China deal revives markets and the idea of a ‘Trump put’

Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019. Brendan Smialowsi | AFP | Getty Images Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10%. That’s much more than expected, as Trump […]

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Stocks making the biggest moves midday: Amazon, Alibaba, Merck, Five Below, Nike and more
Finance

Stocks making the biggest moves midday: Amazon, Alibaba, Merck, Five Below, Nike and more

Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However, […]

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U.S.-China breakthrough send tech and chip stocks soaring
World

U.S.-China breakthrough send tech and chip stocks soaring

HANGZHOU, CHINA – JUNE 3, 2024 – The NVIDIA logo and the Apple logo are pictured in Hangzhou city, Zhejiang province, China, June 6, 2024. On June 5, Eastern time, Nvidia’s stock market value exceeded $3 trillion, officially surpassing Apple’s market value and becoming the world’s second largest technology giant by market value. It is […]

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Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical
World

Palantir now among 10 most valuable U.S. tech companies — its earnings multiple is astronomical

Palantir Technologies CEO Alex Karp appears on a Bloomberg television interview during the FoundryCon event in Palo Alto, California, on March 7, 2024. David Paul Morris | Bloomberg | Getty Images There’s a new member in the list of the top 10 U.S. technology companies by market cap. Data analytics software vendor Palantir jumped about […]

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Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more
Finance

Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more

Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of […]

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Fund manager owns just one Mag 7 stock after dumping Meta stake: ‘You have to pick the stock you really believe in’
World

Fund manager owns just one Mag 7 stock after dumping Meta stake: ‘You have to pick the stock you really believe in’

Nvidia is in — and Meta is out. That’s according to Stephen Yiu, co-founder and lead fund manager of London’s Blue Whale Growth Fund. The fund held 29 stocks as of the end of March this year, with top holdings including Apollo , Nvidia, Broadcom and TSMC , and more than a third of its […]

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