MU, SNDK, STX, WDC: Beaten-Down Memory Stocks Extend AI Rebound Ahead Of Tech Earnings
-
Micron stock gained 6.4% in Tuesday’s premarket, while SanDisk shares rose nearly 9%.
-
Analysts and companies have consistently maintained that memory demand will remain strong for the next several years.
-
Stocktwits sentiment was ‘bullish’ for MU and SNDK and ‘bearish’
European stocks close on firm note; tech, mining stocks rise sharply
European stocks closed higher on Tuesday, supported to a large extent by gains in technology and materials sectors,
» Read more about: European stocks close on firm note; tech, mining stocks rise sharply »
Read MoreAbbVie Stock Zigs When The Market Zags
This pharma giant is grabbing headlines, but its real value for your portfolio lies in how it moves on the market’s worst days.
AbbVie (ABBV) stock is one of the few bright spots in a falling market,
» Read more about: AbbVie Stock Zigs When The Market Zags »
Read MoreInvesting experts: Why 'just buy the market' doesn't necessarily apply to bonds
Young and inexperienced investors often find themselves receiving some version of the same advice: just buy the market.
Indeed, market luminaries from Warren Buffett on down advise that young people looking to accumulate long-term wealth should own low-cost mutual funds or exchange-traded funds that track a broad stock market index.
How Net Worth Varies by Education Level and Why College Graduates Hold More Wealth
Credit: Jeff Gritchen / MediaNews Group / Orange County Register via Getty Images
Key Takeaways
-
Households headed by a college graduate have a median net worth that’s four times higher than those with only a high school diploma.
The Burst
Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock
David Einhorn has made a name for himself as the founder of Greenlight Capital, which manages around $1.7 billion at last count in Q3 2023.
Interestingly, the fund has made a massive bet on another company with Green in its name, Green Brick Partners. It’s an unfamiliar name to many investors and even those who do know of it may wonder why such a huge position was established by Einhorn and his investment team.
» Read more about: Market Commentary: $1.7 Billion Fund Bets Massively On 1 Stock »
Read MoreThe Ivy
Avoid This Semi Stock Like The Plague?
On August 1st, Intel released its Q2 earnings report, much to the chagrin of longtime shareholders.
In the release, the company reported a 1% year-over-year revenue drop alongside a quarterly net loss of $1.6 billion. Much more concerning was the company’s plan for a cost reduction campaign that involved layoffs, reduced capital expenditures and a suspension of the company’s quarterly dividend.
» Read more about: Avoid This Semi Stock Like The Plague? »
Read More