BakerAvenue’s chief strategist King Lip views Broadcom Inc (AVGO) as a “top pick” heading into the chipmaker’s Q3 earnings scheduled to be released on September 2nd after market close. Consensus is for AVGO to record $29.43 billion in revenue on $3.24 a share of earnings (EPS) – representing an 84.5% and 91.7% year-on-year growth on
US stocks opened lower on Monday as renewed military clashes between the US and Iran pushed oil prices higher and added to concerns about inflation. The developments also increased uncertainty around the Federal Reserve’s interest-rate path ahead of its September meeting. The Dow Jones Industrial Average fell 346 points, while the S&P 500 was almost
Ethereum ETH has fallen roughly 0.8% over the past 24 hours to around $2,450 on Aug. 31, holding above $2,400 after another attempt to stay above $2,500 failed. CoinGecko data showed ETH briefly pushing above $2,520 before falling towards $2,410 and recovering into the $2,430s. The latest drop leaves the token down roughly 0.6% over
Artificial intelligence (AI) stocks staged a meaningful comeback in August, but whether the trade can build on those gains depends heavily on macroeconomic data and rate expectations. The stock market faces a pivotal test this week as corporate tech earnings coincide with “crucial” macroeconomic data. Investors must gauge whether enterprise AI adoption is expanding fast
GameStop (GME) stock is gaining on Monday after the gaming merchandise retailer’s surprise release of its preliminary second-quarter results. Despite the positive price action, core challenges persist – net sales are projected to decline year-on-year to between $780 million and $800 million, down sharply from $972 million a year ago. At the time of writing,
The Trade Desk stock has been in a freefall this year and is hovering at the lowest level since January 2019. It has slumped from a record high of $141 to the current $13.5, with its market cap falling from a record high of $63.35 billion to the current $6.38 billion. This retreat has made
Bank of America’s equity research desk has singled out a handful of stocks it expects to outperform as markets move into September. The picks skip any single macro narrative, spanning live entertainment, semiconductor equipment, household products, and luxury apparel. And each of the three stocks the BofA has named are built on something specific to
The Kospi Index has come under intense pressure in the past few months as top constituents like Samsung Electronics and SK Hynix lost momentum and as wary South Koreans pare back their leveraged bets. It dropped to 6,788 on Friday, down by 27% from its highest point this year. South Koreans ditch their leveraged bets
Viktor Hovland, the 28-year-old Norwegian, is eyeing a major career milestone if today goes as planned. With the 2026 PGA Tour season drawing to a close, he holds a one-point lead at the East Lake Golf Course. It will not be easy for Hovland as he has some of the best players in the game
Crude oil prices held in a tight range this week as investors focused on the stalemate between the US and Iran. Brent, the global benchmark, ended the week at $88.28 a barrel, while West Texas Intermediate (WTI) settled at $83.45. Both benchmarks remain more than 30% below their highs for the year, and key developments