Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Chips bounce back: The S & P 500 is on pace to make yet another new record high Thursday. Semiconductor stocks are rebounding in reaction to a beat-and-raise earnings report from Taiwan Semiconductor . As the largest chipmaker in the world and a key manufacturer of Nvidia and Apple chips, the company offers an important readthrough into the industry. Taiwan Semi confirmed that demand from one of its key customers (Nvidia)…
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In a challenging year for Inspire Veterinary Partners, the company’s stock has plummeted to a 52-week low, trading at just $0.23. This significant downturn reflects a staggering 1-year change, with the stock value eroding by -99.76%. Investors have watched with concern as the stock struggled to find its footing amidst market pressures and internal challenges, leading to this new low point. The steep decline has raised questions about the company’s future direction and the potential for recovery in the coming months. In other recent news, Inspire Veterinary Partners has made several notable decisions. The company has amended the terms of…
Why do men allocate twice as much of their assets to alternative investments as women do? That’s one of the questions I asked 52 successful investors around the world for my “Women & Alts: A Global Perspective” white paper, which was released today. Some of the answers may surprise you. In this blog post, I identify women’s favorite alternative investments, the marketing strategies that do not resonate with women, and those that do. I share insights from some of the 26 women and 26 men I interviewed in the global finance industry across 31 cities and 25 countries this…
By Bill Trott (Reuters) – Mitzi Gaynor, whose singing and dancing brightened Hollywood musicals throughout the 1950s, including trying unsuccessfully to “wash that man right outa my hair” as nurse Nellie Forbush in “South Pacific,” has died at the age of 93. Gaynor died peacefully of natural causes, her management team said on Thursday. “For eight decades she entertained audiences in films, on television and on the stage… Off stage she was a vibrant and extraordinary woman, a caring and loyal friend, and a warm, gracious, very funny and altogether glorious human being,” they wrote on X. Gaynor had prominent…
Publicly traded stocks are soaring, and bond yields are bountiful. So why should advisors own alternatives? Source link
By Svea Herbst-Bayliss NEW YORK (Reuters) – Billionaire hedge fund manager Daniel Loeb told investors on Thursday that his firm Third Point built a new stake in DSV A/S during the third quarter and he sees “significant upside” for the Danish freight forwarder and logistics company. DSV will benefit from its planned acquisition of Schenker, the logistics arm of German state rail operator Deutsche Bahn, and a planned joint venture between DSV and Saudi Arabia, Loeb wrote in a letter to investors seen by Reuters. The joint venture, which will provide end-to-end supply chain management and develop transport and logistic…
Investors who want to invest in semiconductor stocks but are concerned about the elevated valuations of some of the leading names should look no further than memory chip giant Micron (MU). Despite reporting blowout earnings and laying out strong guidance for the year ahead, shares of Micron are 30% lower than their 52-week high. While this has been painful for Micron shareholders, it creates a compelling entry point for new investors. I’m bullish on Micron based on its deceptively cheap valuation, strong forward guidance, and its overwhelmingly favorable analyst outlook. The average analyst price target for Micron implies a potential…
RALEIGH, N.C. (AP) — A former porn shop worker who was accused by North Carolina Lt. Gov. Mark Robinson of defamation has asked a court to throw out the lawsuit against him, calling the politician’s allegations “bizarre” and his demand for at least $50 million in damages a violation of civil court rules.Robinson, the Republican nominee for governor, filed a lawsuit in Wake County court Tuesday against CNN and Louis Love Money, of Greensboro, saying they published “disgusting lies” about him.The lawsuit identified a CNN report last month that Robinson made explicit racial and sexual posts on a pornography website’s…
By James Mackenzie and Maayan Lubell JERUSALEM (Reuters) – Israel confirmed Hamas leader Yahya Sinwar, the architect of the Oct. 7 attack on Israel last year, has been killed in Gaza, with Foreign Minister Israel Katz calling it a “victory for the entire free world”. There has been no official comment from Hamas but sources in the group said the indications suggested that Sinwar had been killed during an Israeli operation in the area of Tal El Sultan, in southern Gaza. The Israeli military confirmed in a post on X that Sinwar was dead. “Mass murderer Yahya Sinwar, who was…
The global electric vehicle (EV) market is experiencing an unprecedented boom fueled by strong consumer demand, government incentives, and climate-conscious policies. Sales of EVs have skyrocketed, supported by stricter emissions standards and tax breaks for both manufacturers and buyers. According to the International Energy Agency (IEA), EVs accounted for nearly 18% of all new car sales in 2023, a significant leap from just 4% in 2020. This shift is poised to accelerate as more countries introduce measures to phase out internal combustion engines (ICE). In this environment, Tesla, Inc. (TSLA) has emerged as a dominant player, yet the question remains:…