Cathie Wood-Led Ark’s Tesla Love Affair Intensifies With $5.5M Stock Buy While Bitcoin ETF Purchases Take A Breather
The firm has accumulated Tesla shares in all four sessions following the company's fourth-quarter double miss.
Energy Stocks ‘A Hedge Against Things Getting More Out of Control’ In Middle East, Says Veteran Investor
Ed Yardeni suggests owning energy stocks to hedge against oil price shocks due to geopolitical volatility. He also discusses tech sector concentration and Fed's policy dilemma.
Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook
Rising mortgage rates in 2023 led to 28-year low in US home loan applications. Cash sales became popular as mortgage rates rose to 6.69%.
US Stocks Ease Ahead Of Key Tech Earnings, UPS Sinks, General Motors Rallies: What’s Driving Markets Tuesday?
Traders cautious ahead of tech earnings & FOMC meeting. S&P 500 & Nasdaq 100 down, Dow slightly up. Dollar & Treasury steady. JOLTS & home price data positive. UPS falls 7%, GM up 8%, Danaher up 3.5%, MSCI up 10%, Lucid up 10%, Schlumberger down 8%.
AI Growth, Lower Interest Rates Foil Recession Threats In 2024, Says IMF
Fears of a severe economic downturn are fading as economic growth continues to outpace expectations. The U.S. economy is likely to grow by 2.1% in 2024 says International Monetary Fund.
‘Big Week For Big Tech,’ Says Munster, As He Details ‘Pressure Points’ For The ‘Magnificent 7’
Tech giants report earnings this week, including Apple, Microsoft, Alphabet, Meta and Amazon. Gene Munster predicts pressure points for each.
Institutional Investors Flee Stocks At Second-Highest Pace Since 2008 Despite Market Boom: Where Is Their Money Going?
Bank of America reported large outflows from single stocks by institutional investors, primarily in tech, discretionary, and staples sectors.
China Market Collapse Resumes As Government Fails To Put Brakes On Stock Dump
Political, not economic, concerns are weighing most on China's equity markets
Tech Giants’ Market Concentration Echoes Dot-Com Bubble Peak, Analysts Warn
Explore JPMorgan's analysis drawing parallels between today's US equity market and the dot-com bubble, highlighting the significant concentration of top stocks and sector dominance in the MSCI USA Index.
Cathie Wood’s Ark Invest Buys $3.3M Worth Of Tesla Shares, Also Picks Up $2.8M Worth Of Ark21Shares Bitcoin ETF Units
On Monday, Cathie Wood‘s Ark Invest made a significant move by purchasing $3.3 million worth of Tesla Inc…