Author: News Monitor

Are your retirement savings about to be ‘toasted’? Financial guru Robert Kiyosaki thinks so. Plus, Tesla and Apple continue to soar as cruise lines nosedive. Here’s what you need to know this morning… Today’s market presents a tale of two sectors. First, let’s dive into the star performers: Tesla (TSLA): Leading the pack, Tesla soared by 6.054%. Investors are abuzz with excitement over its latest quarterly report and promising future projections. With its innovative strides in electric vehicles and energy solutions, Tesla’s growth shows no sign of slowing down. If you haven’t considered adding TSLA to your portfolio, you might…

Buckle up, readers—there’s a seismic shift on the horizon that’s already sending shockwaves through the job market and rippling through investment landscapes. According to a jaw-dropping report by ResumeBuilder, over one-third (37%) of business leaders have already replaced workers with AI in 2023. And guess what? Nearly 44% are bracing for even more layoffs in 2024, all thanks to AI-driven efficiency. It’s time to wake up and smell the silicon because these changes are real, and they’re happening now. “Many traditional organizations and small businesses haven’t embraced technology the way larger companies have,” says Julia Toothacre of ResumeBuilder. This revelation…

What happens when a leading cybersecurity firm falters on its most critical promise—security? CrowdStrike’s recent software disaster is sending shockwaves through global infrastructures and the stock market alike. Let’s dive into the details. On July 19, 2024, CrowdStrike Holdings, Inc. (NASDAQ:CRWD) experienced a significant outage following a botched software update on its Falcon platform. This malfunction didn’t just cause minor inconveniences; it led to widespread disruptions affecting giants like Microsoft, halting essential services at airports, ports, financial institutions, and hospitals globally. Imagine the chaos—a faulty update triggering a blue screen of death (BSOD) on Windows hosts, leading to a steep…

Hold on tight, folks! The stock market’s flashing mixed signals that are enough to make any investor’s head spin. We’re here to break it down and give you the insight you need to navigate these turbulent waters. In what many are calling a cautious trading session, major indices took a noticeable hit: DJIA tanked 0.6%, closing at 32,862.73. S&P 500 also slid 0.6%, ending at 4,176.49. Nasdaq fell by 0.8%, wrapping up at 12,114.78. But the action didn’t stop there. Let’s dive into the movers and shakers after hours: United Airlines plummeted 4.2%. Five Below wasn’t far behind, down 3.9%.…

Is Warren Buffett losing faith in Bank of America, or is this just a savvy profit-taking move? On July 17, Warren Buffett’s Berkshire Hathaway made headlines by reducing its stake in Bank of America. The investing giant sold 33.9 million shares, translating to an eye-popping $1.48 billion. The sale took place across three days, from July 17 to 19, with prices ranging from $43.13 to $44.07 per share. This marked the first time Berkshire has trimmed its stake in the banking behemoth since the fourth quarter of 2019. The market didn’t take long to react. Bank of America’s (BAC) shares…

The stock market is abuzz today with significant movements led by Ryanair and CrowdStrike. If you’re keeping an eye on crucial market trends, this is the analysis you can’t afford to miss! CrowdStrike (NASDAQ: CRWD), the cybersecurity titan, is reeling from a dramatic drop after a disastrous software update caused a global IT outage. The impact? A jaw-dropping 10% nosedive in a single day and a staggering 28% plummet since the incident. The aftermath of this fiasco has experts buzzing with mixed feelings. Some believe that the weakness in CrowdStrike shares won’t necessarily be a boon for other cybersecurity giants…

Attention Market Monitors readers! The winds of change are sweeping through Domino’s Pizza. While the iconic pizza chain is navigating some turbulent international waters, it’s riding a wave of success here in the United States. Let’s dig into how Domino’s is reshaping its strategy to come out on top. US Market Performance and International Challenges Strong Sales and Profit Growth Domino’s has turned up the heat in the US market, reporting a 4.8% increase in same-store sales. This impressive growth has surpassed profit expectations, thanks in part to lower supply-chain costs and a notable increase in order counts. Domino’s is…

Barclays has cranked up its 2024 S&P 500 target to 5,600 from 5,300, banking on tech giants to deliver robust profit growth. This adjustment underscores the bank’s optimism, setting the stage for a potential market rally driven by impressive earnings stats from major technology players. Barclays expects Big Tech to be the locomotive for profit growth with a lofty 34x multiple. With a 2024 EPS estimate of $241, the rationale is clear—consistent earnings growth and positive forward revisions point to a strong performance. Barclays strategists highlight that such a multiple is reasonable given the sector’s consistent earnings revisions. Simply put,…

Viasat, Inc. (VSAT) is making waves in the market. The stock has surged by an impressive 7.79% as of Friday, July 26. But is this the beginning of a major upward trend? Let’s dive into the details and see why this could be a lucrative opportunity for savvy investors. Viasat has seen notable price movement lately, with the day’s range landing between $16.69 and $19.16, all from a previous close at $16.76. This substantial surge is fueling investor excitement and prompting a reevaluation of portfolio strategies. The bullish sentiment around Viasat is reinforced by analysts, who have set an average…

Oil prices are turning heads again, defying expectations of a prolonged slump. What’s driving this unexpected rally? And what does it mean for your portfolio? Let’s dive in. Oil prices initially took a nosedive on June 27 due to a surprise inventory build-up in the U.S. Traders were worried when a sudden surge of 3.6 million barrels in U.S. crude oil stocks, coupled with a 2.7 million barrel rise in gasoline stocks, came to light. This spike in inventories, during the peak summer driving season no less, stoked fears of weakening demand. However, just as quickly as the prices fell,…