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Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake
Buffett's Berkshire Hathaway Cuts Apple, BofA Stakes by More Than 20% Each in Q3
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What should be done next week? Citigroup: recommends taking profits from the "Trump trade", especially focusing on US stocks and the US dollar after the election.
Citi pointed out that the market has partially priced in the possibility of a Trump victory, indicating that the risk-return ratio of related trades has worsened. Analysis shows that investors often achieve positive returns if they make investment decisions in line with market trends after the election results are announced, especially in the s&p 500 index and the usd. Citi maintains an overweight position on US stocks.
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Berkshire Hathaway Q3 Operating Earnings -6.2% Y/Y, Cash Hits Record $325.21B
Express News | Berkshire's Q3 total revenue was $92.995 billion, Apple's holding market cap decreased to $69.9 billion, and cash reserves rose to a record high of $325.2 billion.
Berkshire's Q3 operating profit fell by 6.2% year-on-year, lower than expected, continued shareholding in Apple, cash reserves reached a new high | Financial Report Insights
Due to the poor performance of the insurance business income, Berkshire Hathaway's third-quarter revenue and operating profit unexpectedly slightly declined; cash reserves rose to $325.2 billion, reaching a record high; the number of shares held in Apple decreased from about 0.4 billion shares in the second quarter to about 0.314 billion shares, with a reduction rate of 25%.
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Contrary to market consensus! Silver, Citigroup in unison: Selling US stocks if Trump wins.
Bank of America strategist Michael Hartnett said that if Trump wins the election and triggers a rebound in US stocks, investors should consider selling; Citigroup's view coincides with Bank of America's perspective; In the view of Citigroup strategists, if the Republican Party wins overwhelmingly, investors should exit the market.
Which US technology stocks will benefit from different policies under "Hart"? Credit Suisse provides a reference list.
As investors await the results of next week's federal elections in the usa, JPMorgan has listed technology stocks that may be potentially affected positively or negatively by changes in corporate tax rates, tariffs, and other policies.
In October, the stock prices of the three technology giants fluctuated more than bitcoin.
According to Forbes, the data shows that the volatility of some major technology stocks has exceeded bitcoin, with Tesla's stocks topping the list with a 24% price fluctuation, followed by AMD at 16% and nvidia at 12%, all exceeding the 11% range of bitcoin's volatility.
Impacting the movement of $7 trillion in funds! The Russell index undergoes a "major revision" with restrictions on company weights.
Revised index for Russell growth stocks and value stocks: the weight of a single company does not exceed 22.5%, and the total market value of companies with a weight of 4.5% or more does not exceed 45% of the index.
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Weekend reading | The US election voting day is approaching! Three perspectives on the impact fluctuations.
Overall, the US economy is currently on a steady landing trajectory, with a slowdown but not too rapid decline. This process may be completed during the next presidential term, and the impact from the economic cycle may still be more powerful than the president's policy in the trend over the next four years.
Wall Street review of October non-farm payrolls: the data is very poor, but it does not affect the Federal Reserve's 25 basis point rate cut this month.
In the USA, the non-farm payroll employment in October plummeted to 0.012 million, far below expectations, with a 4.1% unemployment rate meeting expectations. Nick Timiraos, a Wall Street Journal reporter known as the 'New Federal Reserve News Agency,' stated that the analysis of this employment report can be subjective, with most Wall Street analysts believing that the poor data was mainly due to two hurricanes in October and the Boeing strike, but some analysts are also concerned that the job market is indeed deteriorating. Almost all analysts believe that this report will not affect the expected 25 basis point rate cut by the Federal Reserve this month.
Are U.S. stocks in danger? This important indicator has hit a new high in two and a half years.
In the final weeks before the presidential election on November 5th, the sentiment on Wall Street tends to be optimistic, this "contrarian signal" may indicate that there is limited upside potential for the stock market in the usa.