[ad_1] I have a friend who wants to invest to set up a bit of passive income. Not for himself, but for the future of his kids. I think that’s a great outlook. And it helps give him the long-term focus that many people these days seem to lack. People ask me for get-rich-quick stock tips, and I always have to disappoint them. When I tell them I can’t do better than throwing darts at the Financial Times, that ruins my ‘investment expert’ status in their minds. But it keeps them off my back. Long term But when someone is…
Author: Sanjayananda
[ad_1] As the first-quarter (Q1) 2024 earnings season approaches, JPMorgan analyst Doug Anmuth, CFA, remains bullish on the Internet sector, citing fundamental drivers and company-specific performance. Despite some turbulence, the internet sector has seen a weighted average increase of 23% in stock performance year to date. Anmuth’s key players to watch include Amazon.com Inc AMZN, Meta Platforms Inc META, and Uber Technologies Inc UBER.Also Read: ‘Initial Wave Of AI Software Growth’ To Spur Microsoft, Salesforce, Palantir, MongoDB, Oracle, Snowflake, And Elastic, Says AnalystAmazon – Best Idea for 2024Anmuth maintains Amazon as the top pick, calling it JPMorgan’s “Best Idea for…
[ad_1] Image source: Getty Images It’s true that the FTSE 100 contains the UK’s largest listed companies. However, this doesn’t mean that all of the firms are at the top of people’s minds all the time. That’s why I’ve spotted a couple of stocks that are flying under the radar at the moment that I’m thinking about buying. Time to phone home Airtel Africa (LSE:AAF) is the leading provider of telecommunications and mobile money services in 14 African countries. At the moment the stock trades at 104p, with it down 4% over the past year. I think this stock hasn’t…
[ad_1] The Bank of New York Mellon Corporation (NYSE: BK) reported a double-digit increase in earnings for the first quarter of 2024 when the financial services provider’s revenues rose by 3%. Net income, adjusted for special items, increased to $1.29 per share in the March quarter from $1.13 per share in the same period of the prior year. Unadjusted net income applicable to common shareholders was $953 million or $1.25 per share in Q1, vs. $911 million or $1.13 per share in the comparable quarter of last year. Fourth-quarter revenue was $4.53 billion, up 3% from the year-ago quarter. Assets…
[ad_1] In a strategic shift, Boeing Co. BA reportedly parted ways with the lobbying firm that played a pivotal role during one of the company’s most challenging periods.What Happened: Boeing ended its contract with Cornerstone Government Affairs, the lobbying firm that assisted the aerospace giant during the 737 Max disaster, in February, Bloomberg reported on Tuesday.The decision to cut ties in February was made by Ziad “Z” Ojakli, Boeing’s chief lobbyist, after learning that Cornerstone had taken on Sierra Space Corp., a client now represented by Ojakli’s predecessor, Tim Keating. This move comes amid Boeing’s efforts to revamp its leadership…
[ad_1] Markus Thielen of 10x Research unveiled a significant shift in his crypto strategy in response to mounting financial pressures and market instability, as detailed in an investor note released earlier today. Thielen, an influential figure in the analysis sector, cited a concerning outlook on risk assets, which encompasses both technology stocks and cryptocurrencies, primarily driven by unanticipated and ongoing inflation rates. According to projections from Bank of America, US CPI headline inflation is expected to reach 4.8% by the November 2024 election. Over the past three months, month-over-month CPI inflation has averaged 0.4%. An acceleration at this speed would…
[ad_1] UnitedHealth Group (NYSE: UNH) reported its first quarter 2024 earnings results today. Revenues increased 9% year-over-year to $99.8 billion. Net loss attributable to UnitedHealth Group common shareholders was $1.4 billion, or $1.53 per share, compared to net earnings of $5.6 billion, or $5.95 per share, last year. Adjusted EPS was $6.91. The company updated its full year 2024 outlook for EPS to $17.60-18.20 to reflect the Brazil sale and the estimated direct response costs of the cyberattack. It maintained its adjusted EPS outlook of $27.50-28.00. Prior performance [ad_2] Source link
[ad_1] The ocean has long been a source of fascination and wonder for humans. Its vast expanse, rhythmic waves, and soothing sounds have drawn people to its shores for centuries. But what is it about the ocean that captivates us? Recent studies suggest that being near the sea may significantly benefit our brain and overall well-being. In this article, we’ll dive into the science behind the ocean’s effect on our brain and explore how we can incorporate its benefits into our daily lives.The Science Behind the Ocean’s Effect on Our BrainNegative IonsNegative ions are molecules that have gained an extra…
[ad_1] The cryptocurrency market tends to thrive on a blend of innovation, utility, and sometimes, just a good meme. This week, the spotlight shone brightly on Dogecoin (DOGE), the Shiba Inu-themed meme coin, after a characteristically playful tweet from tech billionaire Elon Musk sent prices soaring. While the tweet itself referenced a scene from Monty Python and didn’t directly mention Dogecoin, its timing, with DOGE hovering near the cusp of the top 10 cryptocurrencies by market cap, proved to be enough to ignite a firestorm of trading activity. This latest episode serves as a stark reminder of the immense influence…
[ad_1] Monday saw the S&P 500 finishing below its 50-day average amid robust retail sales figures and a temporary easing of tensions between Iran and Israel, nudging Treasury yields upwards. With the benchmark index now 2% lower than its late March peaks, trading has been volatile following unexpected inflation spikes, geopolitical tensions, and a lackluster start to first-quarter earnings reports. Keith Lerner, Truist Advisory Services’ chief market strategist, noted that market retractions are typical, with only a few years in the past four decades escaping pullbacks exceeding 5%. Analyzing S&P 500 returns and pullbacks post a first-quarter surge of at…