The stock market's relatively smaller companies dream of inclusion on a major equity index, as it raises their visibility and puts them on the radar of index funds. Tuesday was Avid Bioservices' (NASDAQ: CDMO) turn in the spotlight. Effective prior to the start of trading this Friday, Oct. 29, Avid will join the S&P SmallCap 600 index.
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
Is the shine starting to come off Super Micro Computer stock? Shares of the server maker, better known as Supermicro, fell 14% Friday morning, putting the stock on track for its fifth decline in six sessions.
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
Microsoft has been one of the pioneers in the field of AI, but this tech giant is also set to win big time from the growing adoption of this technology.
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Tesla's growth story was about leading the paradigm shift to EVs, and an affordable car was a part of that story. Now without it, the narrative has changed.
The number may be smaller than expected.
Trump Media is advising investors on ways to prevent their shares from being loaned for a short-interest position.
The latest trading day saw Super Micro Computer (SMCI) settling at $960.08, representing a -1.66% change from its previous close.