Adobe Gains 15% as AI Drives Revenue and Profits Higher: Why it May Not Be Time to Buy ADBE Yet
Shares of Adobe (ADBE) got a 15% boost yesterday after the company reported Q2 earnings that surpassed expectations on both the top and bottom lines, fueled by AI growth. The stock is up another 15% in pre-market trading Friday morning. Revenue of $5.31 billion was narrowly above the Wall Street estimate of $5.29 billion. The company itself was expecting [...]
Broadcom Stock Jumps 13% on 10-for-1 Stock Split: 3 Other Reasons to BUY AVGO Today
While all eyes are on stocks like NVDA, META, GOOG, and other companies staking their claims in the AI race, not enough emphasis has been placed on Broadcom (AVGO). The semiconductor and infrastructure manufacturer is well positioned to profit from this emerging technology. In fact, the company delivered second-quarter results yesterday and reported $3.1 billion in revenue from AI [...]
Top 10 Highest Paying Monthly Dividend Stocks
Looking for the top 10 highest paying monthly dividend stocks? Your search ends here - these are our personal picks in 2024 for steady payouts and a solid yield: Ellington Financial Inc. (EFC) Apple Hospitality REIT (APLE) AGNC Investment (AGNC) EPR Properties (EPR) Prospect Capital (PSEC) Orchid Island Capital (ORC) Stellus Capital (SCM) Modiv Industrial (MDV) Dynex Capital (DX) Gladstone [...]
Apple Shares Climb to All-Time High After Latest Tech Update: Is it Time to BUY AAPL, Though?
Yesterday, Apple (AAPL) gained more than 5% to take shares to as high as $207, crossing the $200 threshold for the first time ever. They’ve picked up where they left off today, up another 5% for more than 11% on the week. The stock is currently sitting at $217/share. All this comes after the company updated shareholders and the [...]
Unlocking the Power of CPI Data: Essential Insights for Investors
When it comes to investing, one of the most crucial metrics you need to understand is the Consumer Price Index (CPI) data. With the upcoming CPI release this week, it's important to grasp what this data is, how it impacts the market, and why it matters to your investment strategy. Let's explore CPI in depth, providing you with actionable [...]
Krispy Kreme Climbs on Upgrade Ahead of McDonald’s Deal, But it May Be Time to SELL DNUT
Krispy Kreme (DNUT) got a nice 2% boost Tuesday morning, adding to its trajectory over the past week. The stock is now up nearly 7% in that timeframe. This comes off the heels of an analyst upgrade ahead of the highly anticipated McDonald’s partnership rolling out. The upgrade comes from Truist Securities, which moved its recommendation from buy to [...]
