Intel Stock Is Soaring. Why Wall Street Is Turning Bullish Again
This article first appeared on GuruFocus.
Intel Corporation (NASDAQ:INTC) shares surged about 10% on Wednesday after Freedom Broker upgraded the chipmaker to Buy from Hold and raised its price target, citing improving fundamentals tied to artificial intelligence demand.
Intel reported first-quarter revenue of $13.58 billion and adjusted earnings of 29 cents per share,
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Read MoreCathie Wood Loads Up $74 Million into Amazon Stock
This article first appeared on GuruFocus.
Amazon (NASDAQ:AMZN) drew a fresh vote of confidence from Ark Invest last week as Cathie Wood’s firm rotated into large-cap tech and next-generation energy names, adding Amazon across five funds while trimming several other holdings.
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Read MorePrediction market ETFs set to debut, opening brokerage accounts to election bets
Roundhill, Bitwise, and GraniteShares are racing to launch landmark ETFs covering the 2026 midterms and 2028 presidential race.
A new class of exchange-traded funds designed to let investors bet on US election outcomes is expected to hit the market as soon as next week – which could bring prediction market exposure into ordinary brokerage accounts and self-directed retirement plans for the first time.
Fed Keeps Interest Rates on Hold in Split Decision at Final Meeting of Powell Era
In an unexpectedly close split decision, Federal Reserve policymakers have decided to keep interest rates on pause in what is likely to be the final meeting under the supervision of Fed Chair Jerome Powell.
Powell joined the 8-4 majority on the Federal Open Market Committee to vote in favor of leaving the federal funds rate unchanged at Wednesday’s meeting in Washington,
Warren Buffett Calls Stock Market a Casino and Warns U.S. Dollar Is Not Safe in 2026
TLDR:
- Buffett compared today’s stock market to a church with a casino attached, warning gambling is at a peak level.
- Berkshire Hathaway now holds over $397 billion in cash,
The Burst
1 Buffett Story Nobody Told You That Led to Riches
When you tune into a Warren Buffett Annual Shareholder meeting, you’ll often hear the Oracle of Omaha reference See’s Candies, but few understand why this humble confectionary retailer holds such a special place in Buffett’s heart.
Back when Buffett bought See’s he had grand plans to be the candy mogul of the world.
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Read MoreThe Ivy
Is Buffett Finally Going to Split Berkshire Stock?
Berkshire Hathaway Class A (NYSE:BRK.A) shares are far and away the most expensive shares in the American stock market. Each Class A share of Warren Buffett’s conglomerate currently trades at over $705,000.
By now, the vast majority of companies would’ve gone through many stock splits to keep their shares affordably priced for retail investors.
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Read MoreThe Spotlight
Will Tesla 6x?
When Cathie Wood first bet that Tesla would hit a trillion dollar market capitalization, it was valued at around 6% of that level.
Naysayers said she was crazy.
They cited unequivocal statistics that “proved” Tesla was overvalued, like summing up the market caps of all vehicle manufacturers and pointing to Tesla’s being greater than the combination of them all.