stockmarket
Healwell AI (TSX: AIDX) has had an impressive turnaround, making it one of the best-performing Canadian technology companies this year. Its stock is already up by over 100% in 2024, helped by its investments in Artificial Intelligence (AI), its partnership with Well Health Technologies, and its improving balance sheet. It has jumped by ~620% in the past 12 months, beating popular AI names like Nvidia (NVDA) and SoundHound AI (SOUN). Turnaround continuesHealwell AI, formerly known as MCI OneHealth, has implemented a strong turnaround that has saved the company from bankruptcy. Before this turna...
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Robinhood Markets Inc (NASDAQ: HOOD) is flying high on Friday after a Bank of America analyst issued a super bullish note in its favour. Robinhood stock could gain another 22%Craig Siegenthaler doubled upgraded the financial technology company this morning to “buy” and said its shares could climb to $24 which suggests another 22% upside from here. The analyst is positive on Robinhood stock as he expects retail activity to remain strong moving forward. His research note reads: Following the emergence of a new bull market last year, we have monitored a rebound in multiple metrics at Robinhood Ma...
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The iShares Silver ETF (SLV) surged above a key resistance level as the price of silver soared to $30 for the first time in over 11 years. It has jumped by more than 72% from its lowest level in 2022, making it one of the best-performing metals in the industry. Silver and gold have jumped sharply because of the rising expectation that the Federal Reserve will start cutting interest rates in the second half of the year. Most leading indicators like housing starts, building permits, retail sales, and consumer confidence have shown that the economy is slowing. Wage growth has slowed, which could ...
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The JPMorgan Equity Premium Income (JEPI) and JPMorgan Nasdaq Equity Premium Income (JEPQ) ETFs have become highly popular among investors. JEPI has gained over $33 billion in assets while JEPQ has $13 billion. JPMorgan launches JADE ETFThese funds have done well because of their strong dividend yields.JEPQ has a 8.8% yield while JEPI yields 7.7%, which are bigger than what short-term Treasuries are yielding. The 5-year, 10-year, and 30-year government bonds are yielding less than 5%. Now, JPMorgan has introduced a new active fund as it seeks to grow its market share in the industry. The JPMor...
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Shares of DXC Technology Co (NYSE: DXC) are down over 15% even though the information technology company made an AI announcement on Friday. $DXC partners with Ferrovial and MicrosoftThe multinational based out of Ashburn, Virginia teamed up with Ferrovial and Microsoft this morning on Quercus. The new generative artificial intelligence platform is expected to help organisations integrate “secure, responsible AI solutions to automate processes for improved profitability and efficiency”. Quercus will run on Azure while the responsibility of “evolving, maintaining, and commercialising” it will re...
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The Bank of America Corporation (BofA) is set to purchase Washington Federal Bank’s portfolio of commercial multi-family real estate loans, valued at $3.2 billion. The announcement was made by Washington Federal, Inc. (WaFd), the parent company of Washington Federal Bank, in a regulatory filing on Friday. BoFA’s deal with Washington Federal BankAccording to the filing, BofA has agreed “to purchase approximately 2,000 commercial multi-family real estate loans with a current aggregate unpaid principal balance of $3.2 billion.” This significant acquisition marks a strategic move by BofA to expand...
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Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) is down 20% after announcing a massive cut to its dividend on Friday. Cramer has confidence in $CBRL chief executiveThe chain of restaurants and gift stores trimmed its dividend by a whopping 80% to 25 cents a share this morning. Still, famed investor Jim Cramer is all praise for Julie Felss Masino – the chief executive of Cracker Barrel. On CNBC’s “Squawk on the Street”, he said today: She’s going to fix it. They had to slash the dividend because they needed to reapply that money to be able to make the stores look better. She’s going to rein...
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Advanced Micro Devices, Inc. (NASDAQ:AMD) has been a notable player in the semiconductor industry, often viewed as a formidable competitor to larger counterparts like Nvidia. Recent developments, however, suggest potential shifts in dynamics within the market. A recent Reuters report unveiled Microsoft’s intentions to introduce an alternative to Nvidia’s AI processors through a collaboration with AMD. This initiative, set to be detailed further at Microsoft’s Build developer conference next week, signifies a significant endorsement of AMD’s capabilities in the AI chip domain. AMD’s foray into ...
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Marks & Spencer’s (LON: MKS) share price will be in the spotlight next week as the company publishes its preliminary financial results. It has done well ahead of these results as it jumped to 276.9p, its highest swing since January 10th. Interim earnings aheadMarks & Spencer, the giant British retailer, will publish its interim result, providing more colour about its transformation. These results will show that UK retailers and the economy are doing well. A recent report revealed that the economy emerged from a recession in the first quarter. A separate figure showed that the country’s retail ...
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GameStop Corp (NYSE: GME) opened about 20% down on Friday after filing to sell additional shares in an at-the-market offering. How many shares does $GME plan on selling?The video gaming merchandise retailer plans on offering 45 million shares in total. What it plans on doing with the proceeds, however, remains unclear. $GME is opting for a stock sale shortly after a brief return of the meme stock craze that saw its shares trade at a high of about $65. But they crashed sharply after the short squeeze and are now trading at $22 and change. The massive gain in GameStop stock that lasted hardly fo...
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