Evening Digest: Oil falls, Apple cuts iPhone component orders
Oil prices fell as US President Donald Trump signalled a pause in potential strikes against Iran before next month’s midterm elections, easing concerns about supply disruptions. Treasury yields remained elevated…
Dow rises 423 points as tech stocks rebound, telecom shares slide on SpaceX
US stocks rose on Friday as technology shares rebounded from a sell-off earlier in the week, helping Wall Street recover amid elevated Treasury yields, volatile oil prices, and concerns about…
SoundHound stock breaks key support as short interest surges: Is a squeeze coming?
SoundHound stock has plunged to its lowest level since November 2024 as investors continue betting against the voice AI company. It slumped to a low of $5.38 on Friday, down…
AT&T stock is tumbling amid SpaceX competition fears: buy the dip?
AT&T stock plunged by over 7% in the premarket session as investors dumped most telecommunications companies after SpaceX announced an agreement to purchase spectrum in the United States. It tumbled…
Lumentum stock rises 6% as AI demand fills optical orders through 2029
Shares of Lumentum Holdings LITE rose 6% in pre-market trading on Friday after Chief Executive Officer Michael Hurlston said demand for the company’s optical components had exceeded available supply, with…
Nasdaq opens higher as oil retreats, AI stocks recover and telecom shares slide
US stocks opened higher on Friday as oil prices retreated following easing concerns about further escalation in the Middle East, while investors assessed the outlook for artificial intelligence stocks and…
AGNC stock has a dividend yield of 17%: is it a buy as a risky pattern forms?
AGNC Investment stock has sold off sharply in the past few weeks, and this retreat may continue after it formed the highly bearish double-top pattern. It has slipped for eight…
Three beaten down consumer stocks that are now screaming opportunity
Wall Street is climbing without the consumer.Over three months, the S&P 500 has gained 4.3%, while the consumer staples ETF (XLP) has lost about 4%, and its discretionary counterpart (XLY)…
Starbucks stock falls as it reportedly explores a Chipotle takeover deal
Starbucks has explored a potential takeover of Chipotle Mexican Grill, according to a Financial Times report, in what could become one of the largest deals in the restaurant industry.Starbucks has…
Dell stock is on a strong bull run: Is a mean reversion coming?
Dell Technologies stock has continued its strong rally this year, making it one of the top gainers in the S&P 500 Index. It has soared by 347% this year, bringing…