Stocks waver on Wall Street while crude oil prices fall for the first time in a week
NEW YORK (AP) — Stocks wavered Friday as oil prices slipped for the first time in a week, but Wall Street is still heading for a losing week.
The S&P 500 was mostly unchanged. The index is on track for its second consecutive losing week, which hasn’t happened since March.
The Dow Jones Industrial Average rose 167 points,
Read MoreHow Investing in This Altcoin Could Make You a Millionaire
For years, crypto investors have touted XRP (XRP -1.60%) as a potential millionaire-maker. Despite a few brief flashes of brilliance, XRP has continually overpromised and underdelivered. It still trades for a paltry $1.
So is there still a chance that XRP has millionaire-maker upside?
» Read more about: How Investing in This Altcoin Could Make You a Millionaire »
Read MoreWhy Did SKHY, EOSE, OKLO Stocks Plunge To 52-Week Lows Today?
SK Hynix stock faced pressure as Q2 revenue missed Street expectations. Eos Energy shares hit a 52-week low after CEO Joe Mastrangelo sold 159,154 shares. Oklo shares fell to a yearly low of $37.80 as investors scaled back exposure to advanced nuclear companies. SK Hynix Inc. (SKHY), Eos Energy Enterprises (EOSE) and Oklo Inc. (OKLO) tumbled to fresh 52-week lows as investors reassessed high-growth companies tied to artificial intelligence and next-generation energy infrastructure.
» Read more about: Why Did SKHY, EOSE, OKLO Stocks Plunge To 52-Week Lows Today? »
Read MoreThe Burst
Pick and Shovel EV Play (Hint, Not Tesla)
In light of Tesla’s recent workforce reduction as sales slump, it may seem like a risky play to invest in an EV pick and shovel play but we’re eyeing Infineon, with a market cap of around $43 billion as an opportunity.
It’s a company that is best known for SiC and GaN technologies that are designed to meet rising demand in the sector as a whole.
» Read more about: Pick and Shovel EV Play (Hint, Not Tesla) »
Read MoreThe Ivy
4 Stocks Behind Bill Gates $45 Billion Portfolio
The Bill & Melinda Gates Foundation is a philanthropic powerhouse that lists among its accomplishments the total eradication of two types of polio virus, improving agricultural outcomes in impoverished countries and delivering health services to millions worldwide.
Making these initiatives possible is a $45 billion investment portfolio that generates the money needed to fund the foundation’s efforts.
» Read more about: 4 Stocks Behind Bill Gates $45 Billion Portfolio »
Read MoreThe Spotlight
Will Roku Soar 9x From Here?
Roku’s most recent financial report disappointed investors. Slowing streaming growth and lower ad spending, paired with economic uncertainty, have caused Roku’s stock to plummet.
Shares are down over 66% year to date and more than 80% compared to the highs reached last year. The stock is so battered that many are staying away.