Stocks in European defense companies had a mixed reaction after reports that Israel had launched a retaliatory strike on Iran. The Wall Street Journal said the strike targeted the area around Isfahan in central Iran, according to people familiar with the matter. European defense stocks have largely been a winning trade this year, with Rheinmetall gaining 74% so far in 2024 and Leonardo gaining 48%.
Read about Boeing, Fraport and more in the latest Market Talks covering the Auto and Transport sector.
Rheinmetall posted sales and earnings below expectations for the first quarter, but confirmed its annual guidance as governments continued to place orders for ammunition, air-defense systems and other military equipment.
More cash will solve some problems, but maybe not the ones that need to be solved.
Legendary investor Warren Buffett has long advocated for the average investor to regularly put money in an S&P 500 index fund rather than buying actively managed funds. However, that's not to say he doesn't think massive outperformance isn't possible. As far back as 1999, Mr. Buffett famously said he could achieve 50% annual returns if he had only $1 million to manage, stating, "The highest rates of return I’ve ever achieved were in the 1950s. I killed the Dow. You ought to see the numbers. But
Home prices are overvalued nationally, according to a new report by Fitch Ratings, led by Southern states.
The billionaire investor has made sage investment decisions to safeguard his portfolio from economic uncertainties.
This is what could happen next to Palo Alto Network shares.
The S&P 500 could soar nearly 3% to record highs or experience a deep plunge depending on where tomorrow's CPI inflation report falls, JPMorgan says.
Nearly a dozen high-profile companies have conducted a forward-stock split since the midpoint of 2021. Three prominent, time-tested businesses may be the next stock-split stocks.
These companies are instrumental in the AI boom.