Stocks Reach New Record Highs as Dow Jones Climbs Above 38,000 for First Time
Stocks rose on Monday as the Dow Jones Industrial Average climbed 138.01 points, or 0.36%, to finish at 38,001.81, reaching a new record above the 38,000 level for the first time. The S&P 500 also added 0.22% to 4,850.43, reaching…
Western Digital Corp’s Potential Headwinds
Western Digital Corp (WDC) has long been a stalwart in the hardware industry, but recent insights from the GF Score suggest potential headwinds for the company. Despite a daily gain of 5.39% and a three-month change of 27.24%, the company’s…
Unusual Options Trading Activity for AMD
On Thursday, Advanced Micro Devices, Inc. (NASDAQ:AMD) experienced unusual options trading activity, with stock traders purchasing 1,069,156 call options on the company, marking an 88% increase compared to the typical volume of 569,665 call options. Several brokerages have provided their…
S&P 500 Reaches All-Time Highs: Analysts Focus on Qualcomm Stock
The S&P 500 Index has reached all-time highs, fueled by optimism around artificial intelligence (AI) and hopes of a rate cut. Analysts are closely monitoring the market, with a particular focus on Qualcomm stock. Over the last three months, nine…
Super Micro Computer, Inc. (SMCI) Stock Surges Following Increased Sales and Profit Guidance
Super Micro Computer, Inc. (SMCI) has seen a significant surge in its stock price following the company’s announcement of an increase in its quarterly sales and profit guidance for FQ2 2024. The maker of information technology hardware experienced a jump…
AMD Shares Surge on Optimism Over Demand for AI Chips from Tech Giants
AMD shares surged more than 8% on Tuesday to their highest closing price since November 2021, driven by optimism about the increasing demand for the company’s artificial intelligence (AI) chips from tech giants like Microsoft, Google, and OpenAI. Analysts at…
Plug Power Inc. Faces Backlash Over $1 Billion Stock Offering
Plug Power Inc. (NASDAQ: PLUG) has made headlines with its recent disclosure of an at-market stock offering of up to $1 billion, as reported in an SEC filing on Wednesday. The company has entered into an agreement with B. Riley…
Allied Properties REIT Declares Monthly Distribution for January 2024
On the Toronto Stock Exchange (TSX), Allied Properties Real Estate Investment Trust (REIT), trading under the ticker symbol AP.UN, has declared a monthly distribution of $0.15 per unit for January 2024. This translates to an annualized amount of $1.80 per…
Kingsoft Cloud Holdings Ltd (KC) Pre-Market Trading Update
Kingsoft Cloud Holdings Ltd (KC) experienced a 1.57% decline in pre-market trading on Monday morning, reaching $3.13. The company’s short-term technical score of 59 suggests a more bullish trend compared to 59% of stocks in the market over the last…
Stock Market Update: Dow Inching Higher, S&P 500 Extends Losing Streak
Stocks on the Move: Dow Inching Higher, S&P 500 Extends Losing Streak On January 4, 2024, the stock market saw the Dow Jones Industrial Average inching higher ahead of the jobs report, while the S&P 500 extended its losing streak….