Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at weak start; US markets mixed, Asian equities decline
Market on Monday | Sensex falls 172 pts, Nifty ends below 24,250
Indian benchmark indices started the week on a negative note, finishing lower in a volatile session on August 24, with the Nifty slipping below 24,150, intraday, amid selling in heavyweight stocks and across sectors,
Top Strategist Warns Nvidia’s Earnings on Wednesday Could Hit the Entire Market
Seema Shah, chief global strategist at Principal Asset Management, told CNBC on Monday that NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) sits at the center of this week’s market setup, with its upcoming quarterly report positioned as the critical test of whether the AI capital-spending cycle can start showing profitable returns.
» Read more about: Top Strategist Warns Nvidia’s Earnings on Wednesday Could Hit the Entire Market »
Read MoreThe States With the Highest (and Lowest) Stock Market Participation
Median household income is a driver of differences in the rates at which states report stock market participation. Higher-income states have a higher share of residents reporting participation than lower-income states. D.C.’s median household income is nearly double Mississippi’s, but its median age is five years lower.
Washington, D.C.’s stock market participation also grew faster than any state from 2013 to 2022,
» Read more about: The States With the Highest (and Lowest) Stock Market Participation »
Read MorePrediction: This Artificial Intelligence (AI) Stock Will Be Worth More than SpaceX Before 2026 is Over
Space Exploration Technologies, better known as SpaceX, has seen its valuation fluctuate since going public just over two months ago. Its valuation hit $2.6 trillion just days after going public, but then sold off to a low of $1.4 trillion before rebounding to its current $1.8 trillion level (at the time of this writing).
Read MoreTech stocks today: Tech stocks gain after Nvidia tops Q2 expectations
Nvidia (NVDA) stock gained over 6% in early trading following its Q2 earnings on Wednesday, beating Wall Street’s expectations on the top and bottom lines and providing a better-than-expected outlook for the third quarter. For Q2, Nvidia reported adjusted earnings per share (EPS) of $2.22 on revenue of $96.2 billion, better than the EPS of $2.09 and revenue of $92.3 billion that Wall Street was anticipating.
» Read more about: Tech stocks today: Tech stocks gain after Nvidia tops Q2 expectations »
Read MoreThe Burst
Is Michael Saylor’s Bet Crazy: Bull vs Bear
Microstrategy (NASDAQ:MSTR) and its CEO Michael Saylor are in large part confounding valuation experts worldwide.
The traditional method of valuing a company goes something like this. Analyze the cash flows a company will produce over its lifetime, discount them back to present day, sum them up and arrive at a fair market valuation for the company.
» Read more about: Is Michael Saylor’s Bet Crazy: Bull vs Bear »
Read MoreThe Ivy
Why Verizon Might Be The Safest Dividend Stock
These are jittery times for investors as trade tensions and talk of a looming recession have stirred up anxiety in the markets. It’s no surprise now to see companies tighten their belts, consumers cut spending, and dividends end up on the chopping block.
But not every company is going to take a hatchet to its dividend and Verizon stands firmly in this category.
» Read more about: Why Verizon Might Be The Safest Dividend Stock »
Read MoreThe Spotlight
Spotlight: Will Tesla Make You Rich?
Yet another year has gone by where Tesla has absolutely crushed the market. Despite each year starting out with naysayers predicting doom for Musk’s car manufacturer, the performance again has been market-beating.
In fact, Tesla has outperformed the general stock market by about 6x this year, a jaw-dropping result considering all the bearish prognostications at the start of the year following a dismal 2022.