Marvell Technology MRVL stock fell 2% on Wednesday even after the chipmaker outlined an ambitious long-term revenue outlook at its Investor Day. The broader markets have fallen as record-high Treasury yields weighed on stocks. Marvell’s revenue outlook prompted TD Cowen to upgrade the stock and raise its price target. TD Cowen analyst Sean O’Loughlin upgraded
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 its market capitalization to over $365 billion, with Michael Dell’s net worth rising to $266 billion. So, with the stock being highly overbought, does it
Realty Income stock continued its strong freefall this week and is hovering at its lowest level since December last year. O peaked at $66.20 in July and has now retreated to $53.30, with its valuation falling from over $63 billion to $50 billion. So, is it safe to buy the dip? The ongoing retreat has
Wall Street opened higher on Tuesday as Treasury yields eased from multi-year highs and oil prices declined, while investors looked ahead to the third-quarter earnings season and the Federal Reserve’s September meeting minutes. The Dow Jones Industrial Average rose 227 points while the S&P 500 gained 0.49%. The Nasdaq Composite added 0.57%. The S&P 500
JPMorgan expects the US midterms to reshuffle healthcare winners, with the outcome hinging on which party controls Congress. The bank’s strategists believe November’s vote should reward stock picking over broad sector bets – and healthcare appears in both of their scenario baskets: one for a split Congress, and the other for a Democratic sweep. Republicans
US stocks opened little changed on Monday as technology shares eased from recent highs, while investors monitored elevated Treasury yields and oil prices for clues about the Federal Reserve’s interest rate outlook. The Dow Jones Industrial Average was down 98 points while the S&P 500 was up 0.2% and the Nasdaq Composite gained more than
SanDisk stock has remained under pressure in the past few days and is now sitting at a crucial support level. SNDK dropped to $1,720, a few points below the important resistance level of $1,893. It has formed a highly bullish ascending triangle pattern, pointing to more gains in the coming days or weeks. SanDisk stock
CH Robinson Worldwide has agreed to acquire truck broker RXO for about $5.8 billion in cash and stock, creating a logistics company with an enterprise value of more than $25 billion as the third-party logistics industry undergoes a wave of consolidation. The deal sent RXO shares about 24% higher at market open on Monday, while
Nu Holdings stock has pulled back sharply in recent months, falling from a high of $18.95 in January to around $13.43 today. Despite the decline, the long-term growth story remains intact, supported by the company’s expanding customer base, strong presence in Brazil, and continued push into other Latin American markets such as Mexico and Colombia.
US employers added far fewer jobs than expected in September, while the unemployment rate rose to 4.2%, strengthening expectations that the Federal Reserve may leave interest rates unchanged in October. Gold prices fell as a stronger dollar and elevated Treasury yields outweighed earlier support from the weaker US jobs report. Oil prices were mixed after