This Under-the-Radar Stock Recently Joined the S&P 500, and It's Obliterating Nvidia This Year
There are still some brilliant growth stories outside the artificial intelligence (AI) space.
The S&P 500 (SNPINDEX: ^GSPC) is a diversified stock market index featuring 500 companies from 11 different sectors of the economy. To qualify for inclusion, a company must have a market capitalization of at least $22.7 billion,
US Dollar Forecast: DXY Firms as CPI Miss Locks In Fed Cut, Outlook Remains Bullish
Stock market today: Dow, S&P 500, Nasdaq surge to records as tame inflation cements Fed rate cut bets
US stocks surged to record highs on Friday as investors digested a crucial inflation report that helped cement expectations for the Federal Reserve’s next policy moves.
The Dow Jones Industrial Average (^DJI) rose 1%, or over 450 points. The S&P 500 (^GSPC) gained 0.8%,
Read MoreUnion Finance Ministry pushed for LIC investments in Adani Group, says report
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Officials of India’s finance ministry fast-tracked a proposal in May this year to direct approximately $3.9 billion in investments from the Life Insurance Corporation of India (LIC), a state-owned insurance and investment company,
» Read more about: Union Finance Ministry pushed for LIC investments in Adani Group, says report »
Read MoreFederal Reserve to make interest rate decision this week
Oct. 27 (UPI) — The Federal Reserve will meet Wednesday, as the U.S. government shutdown enters its fifth week, to decide whether to cut interest rates for a second time since September.
Last week, the Labor Department released its Consumer Price Index, showing inflation rose at a rate of 3% last month.
» Read more about: Federal Reserve to make interest rate decision this week »
Read MoreThe Burst
1 Wild Stat Since 1990 Is Ominous
The market is much like a pendulum, swinging back and forth, or more precisely up and down. With each dip, it finds the energy to power higher to break new highs. Until the buyers are exhausted that is, and then a correction follows.
Usually, it climbs up steps, slowly and methodically, but falls down the elevator shaft.
» Read more about: 1 Wild Stat Since 1990 Is Ominous »
Read MoreThe Ivy
Nobody’s Watching This AI Stock Steadily Rising
After poring over Lattice’s Q3 filings it’s looking increasingly likely that the Street is missing the forest for the trees with Lattice. Yes, the headline numbers were brutal – revenue down 33.9% y/y to $127.1M. But beneath the cyclical noise, Lattice is methodically building what could become the dominant franchise in edge AI computing.
Having covered semis since the early 2000s,
» Read more about: Nobody’s Watching This AI Stock Steadily Rising »
Read MoreThe Spotlight
The Best Stock Buffett Just Bought Is…
According to Berkshire Hathaway’s fourth-quarter 13F and 13G filings, Buffett and his investment team added shares to several existing positions, including Lousiana-Pacific Corp. (LPX), Paramount Global (PARA),