Meet the Monster Stock That Continues to Crush the Market
CoreWeave has generated explosive gains since its market debut two months ago.
CoreWeave (CRWV -17.13%), a provider of dedicated artificial intelligence (AI) cloud infrastructure services, launched its initial public offering (IPO) on March 28 at $40 a share. Its stock barely budged after the IPO,
» Read more about: Meet the Monster Stock That Continues to Crush the Market »
Read MoreDJT Stock Is Recovering Friday. Trump Media Has Still Had a Bad Week.
Shares of Trump Media & Technology, the parent of the Truth Social site, was gaining early Friday after plunging 8% on Thursday.
The stock moves Thursday underscored that whatever points President Donald Trump and Elon Musk scored against each other in their public back and forth, they both lost in the market.
» Read more about: DJT Stock Is Recovering Friday. Trump Media Has Still Had a Bad Week. »
Read MoreStock market today: Dow, S&P 500, Nasdaq futures rise as Trump-Musk feud cools, with jobs report on deck
Lululemon (LULU)
Shares in the apparel company plunged 21.7% after the company issued weaker-than-expected guidance for the second quarter and claimed profits are at risk in a “dynamic macro-environment”. The brand expects Q2 earnings per share in the range of $2.85 to $2.90,
Read MoreWill the RBI rate cut push Indians to swap fixed deposits for stock market investments?
In a surprise move, the Reserve Bank of India announced a 50 basis point reduction in the repo rate during the second bi-monthly MPC meeting on Friday, bringing the rate down to a three-year low of 5.5%, signalling the regulator’s confidence in India’s overall sound macroeconomic condition.
With inflation easing,
HSBC’s Private Bank Turns Overweight US Stocks on AI Hopes
HSBC’s private banking arm has gone overweight US stocks and neutral on those in Europe, flipping its view from earlier this year after a breezy round of earnings from US tech companies.
The country’s tech giants defied a recent sense of gloom on Wall Street to deliver first-quarter earnings that mostly showed strong growth despite President Donald Trump’s disruptive trade policies.
» Read more about: HSBC’s Private Bank Turns Overweight US Stocks on AI Hopes »
Read MoreThe Burst
Why Coinbase Could Soar
Among the best business models in the world is the money management one. While fees have come down substantially in recent decades, you can certainly still find examples of financial advisors charging north of 1% on assets under management while another 1% is charged through commissions, 10b-1 fees, and mutual fund costs.
Sum those up and 2% of invested capital is lost each year to these hefty fees.
» Read more about: Why Coinbase Could Soar »
Read MoreThe Ivy
Why Charlie Munger Never Sold Costco Stock — Even When It Looked Overvalued
Charlie Munger became famous in the investment world as Warren Buffett’s right-hand man at Berkshire Hathaway and the architect of Berkshire’s philosophy of buying great businesses at fair prices versus the prior mantra of buying good businesses at great prices.
Over a nearly 100-year life, Munger would pass up innumerable investment opportunities, choosing to put money only into the few that truly offered exceptional value.
» Read more about: Why Charlie Munger Never Sold Costco Stock — Even When It Looked Overvalued »
Read MoreThe Spotlight
Spotlight: The Next Bloomberg Terminal?
Did you know that every 24 hours, Planet Labs captures imagery of every corner of the Earth? This trove of data is so extensive that it helped track a rogue Chinese spy balloon all the way back to its point of origin.
Similar to a search engine, Planet Labs aims to organize massive amounts of Earth-related data.
» Read more about: Spotlight: The Next Bloomberg Terminal? »