The Schwab US Dividend Equity ETF (SCHD) has done well this year and is now sitting at its all-time high. It has jumped by 25% this year, beating the Nasdaq 100 and S&P 500 indices despite the fact that it has limited exposure to the artificial intelligence (AI) industry. It has become the second-biggest dividend
Nu Holdings (NU) shares are ripping higher this morning after the neobank reported blowout fiscal Q2 earnings, featuring a decisive top- and bottom-line beat. On the back of record unit economics, NU’s revenue climbed 39% year-on-year to $5.9 billion – helping its net income soar a remarkable 49% to $1.1 billion in the second quarter.
Klarna stock has rebounded modestly ever since publishing its financial results in February this year. It has rebounded from the year-to-date low of $12.30 in February to the current $20.68. This rebound will be put to the test next week when the company publishes its financial results, which will provide color on its business. Klarna
Fenway Sports Group (FSG) has agreed to sell a minority stake in Liverpool FC to 1892 Holdings, a consortium led by investor Amit Bhatia and backed by Amazon Executive Chairman Jeff Bezos, the Mittal Family Trusts, EE Capital and K5 Sports. The deal values the Premier League club at around £5.5 billion, according to reports,
SanDisk SNDK shares extended their recent rally on Friday after fresh bullish calls from Wall Street added to optimism surrounding the company’s long-term artificial intelligence strategy. The stock climbed about 6% during Friday’s session, marking its fifth consecutive day of gains and taking its weekly advance to roughly 34%. The latest move follows the company’s
The United States signaled plans to intensify economic pressure on Iran, including maintaining a naval blockade and imposing sweeping new sanctions, as tensions in the Middle East continued to escalate. Gold headed for a weekly gain after softer US inflation data strengthened expectations that the Federal Reserve will keep interest rates unchanged next month. Oil
Intuitive Machines Inc. LUNR shares rallied sharply on Friday after multiple Wall Street analysts shifted their focus from the company’s second-quarter earnings miss to its rapidly expanding order backlog, arguing that the long-term growth outlook remains intact. The stock climbed about 8.14% to $18.99 during Friday’s session after Stifel upgraded the lunar exploration company to
US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week. The Nasdaq Composite also declined 0.3% to 26,729.16,
Intuitive Machines (LUNR) shares opened in the red this morning as a $14.7 million charge made the space exploration company come in shy of Q2 estimates. While LUNR posted a 4x year-on-year increase in its quarterly revenue to a record $206.2 million, and significantly expanded its backlog as well, the number fell notably short of
Micron Technology (MU) stock extended its rebound to a third straight session on Thursday, rising 6% to $966.01 after rising around 5% on Wednesday. The stock remains up more than 200% this year, although it is still down 20% from its late-June peak. Concerns over the sustainability of chip pricing contributed to the recent pullback,