Cathie Wood Loses Confidence in Palantir Stock (PLTR) Ahead of Q1 Earnings
Cathie Wood’s ARK Investment Management continues to trim holdings of Palantir (PLTR) ahead of the AI-driven data analytics firm’s Q1 earnings, due on May 5. On May 2, ARK Invest disclosed selling $30.7 million worth of Palantir stock. Earlier on May 1, the investor reported a $2.65 million sale of PLTR shares.
» Read more about: Cathie Wood Loses Confidence in Palantir Stock (PLTR) Ahead of Q1 Earnings »
Read MoreAlpaca Introduces Fixed-Income Trading, Providing Equities-Like Experience for Global Retail Order Flow
Alpaca is focused in enhancing the ecosystem of financial services with various product offerings, strategic partnerships, and a new funding round.
Read MoreTop 10 ETFs to Buy To Prevent Portfolio Volatility
Market volatility is an essential part of investing to understand, as the prices of assets will always change and fluctuate. Investors are always looking for ways to hedge against volatility and reduce risks. When it comes to investing in ETFs, it’s achieved by choosing a well-balanced and diversified portfolio of assets.
In this article,
» Read more about: Top 10 ETFs to Buy To Prevent Portfolio Volatility »
Read MoreWill Fed Chair Powell cut rates on May 7 under Trump’s pressure?
The US Federal Reserve is expected to keep interest rates unchanged on May 7, resisting pressure for cuts despite tensions with US President Trump. The central bank is likely to maintain the benchmark rate at 4.25% to 4.5% despite Trump’s demand for rate cuts since January.
Fed Chair Jerome Powell may find support in Friday’s government data,
» Read more about: Will Fed Chair Powell cut rates on May 7 under Trump’s pressure? »
Read MorePanicked Americans claiming Social Security early over fears Trump may cut benefits and ‘chaos’ at the agency
There’s been a spike in claims for Social Security — and fear may be one of the reasons why.
The Burst
5 Reasons Buffett Bet Big On Fast Growth Stock
Snowflake (SNOW), a data warehouse built for the cloud, is a fully managed software service that offers a pay-as-you-go pricing model. Snowflake’s architecture handles all types of data, including structured, semi-structured, and unstructured data.
With the world rapidly changing to online data, Snowflake has been able to adapt to this change and provide its services through the internet.
» Read more about: 5 Reasons Buffett Bet Big On Fast Growth Stock »
Read MoreThe Ivy
Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
» Read more about: Market Commentary: Is Musk Making a Massive Mistake? »
Read More