Author: Anthony M. Orbison

Investing.com — As the second week of December ended, several stocks experienced significant volatility, mostly as a reaction to their earnings results. Out of many, here are Investing.com’s stocks of the week:   Adobe Adobe (NASDAQ:) experienced a sharp decline after reporting disappointing guidance on Thursday, leading several analysts, including those from RBC Capital, Mizuho (NYSE:), Piper Sandler, and Oppenheimer, to lower their price targets to a range of $590–$620. RBC Capital cut its price target to $590 from $610, citing reduced estimates but maintained an Outperform rating. The firm noted that Adobe’s quarterly results were solid, with record DM net-new…

Bull flag pattern pointed to breakout towards altcoin’s $2.168 resistance At press time, netflows revealed a positive change of +$34.8k in just 24 hours ApeCoin has shown promising signs of growth recently, fueled by a hike in market activity and bullish technical indicators. In fact, the altcoin’s price rose by 3.24% in 24 hours to trade at $1.61, at the time of writing.   On the metrics front, a surge in large transaction volumes and positive netflows indicated strengthening market sentiment. On the other hand, a bull flag pattern on the charts alluded to a breakout towards higher resistance levels.  As…

Stay informed with free updatesSimply sign up to the Equities myFT Digest — delivered directly to your inbox.Blue Whale Growth, the investment fund backed by billionaire Peter Hargreaves, has reduced its exposure to the ‘Magnificent Seven’ group of major US tech companies due to concerns over their vast expenditure on artificial intelligence.Stephen Yiu, manager of the fund, told the Financial Times that he had “aggressively” sold shares in Microsoft to cash in profits, pushing the stock out of the fund’s top 10 holdings in the third quarter for the first time since its launch in 2017.He said: “Microsoft’s return on…

For years, self-driving vehicles and flying cars seemed like futuristic ideas that only existed in movies. But recently, the rise of artificial intelligence (AI) and other technological advances has helped push us toward exactly that future. 🔌Don’t miss the move: SIGN UP for TheStreet’s FREE daily newsletter🔌Recently, two companies have announced plans to expand into a city known for heavy traffic congestion. No, it is not Los Angeles, New York or Atlanta. Although this city is on the other side of the globe, it is densely populated and growing, making it a highly logical choice for companies in the self-driving car…

Shiba Inu’s (SHIB) incredible run is one for the history books. The asset’s price skyrocketed during the 2021 bull run. Early investors made millions of dollars in profit with minimal investments. People with average jobs became millionaires within a very short period. The rags-to-riches stories around SHIB solidified its status as a “millionaire-maker.”Also Read: 48-Hour Ultimatum: SEC’s Gensler Threatens Elon Musk with ChargesJust $2.5 In Shiba Inu Could Have Made You $1 Million TodayIf you invested $2.5 in SHIB when the asset was at its all-time low on Nov. 28, 2020, the investment would have been worth $1.04 million today.…

Photo: Jim Allen – FreightWaves Chart of the Week: Contract Load Accepted Volume Index, Outbound Tender Volume Index – USA SONAR: CLAV.USA, OTRI.USA Carriers are accepting the same load volumes that they were in April 2023, near the theoretical floor of the freight market’s recent recessionary period. Rejection rates (the rate at which carriers turn down load coverage requests from contracted shippers) are more than double what they were at the time. This is further evidence that a significant amount of supply has left and is continuing to leave the domestic truckload market. The Contract Load Accepted Volume index (CLAV) is a measure…

Investing.com —  As artificial intelligence (AI) continues to reshape the market landscape, investors are questioning whether the AI rally, previously concentrated in a few key tech stocks, is now broadening to encompass a wider range of industries. Recent analysis suggests that the market may indeed be entering a new phase. According to a note by Capital Economics, while the initial AI boom was centered on semiconductor companies and cloud computing providers, it now observes a more diffuse impact, with applications extending into sectors like healthcare, finance, and industrial automation. This broader rally reflects a shift as businesses across various industries…

A popular crypto analyst has issued a warning about Aave (AAVE), a top decentralized lending protocol built on Ethereum (ETH). The trader Ali Martinez tells his 98,500 followers on the social media platform X that social volume and positive sentiment around Aave’s native token are skyrocketing.  “With the crowd’s growing focus on AAVE, a brief pullback might be on the horizon, as markets often move against popular sentiment.” Source: Ali Martinez/X AAVE, the 34th-ranked crypto asset by market cap, is trading at $384.85 at time of writing. Turning to Litecoin, Martinez says that LTC is “irrelevant, both fundamentally and technically.”…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldABC News will give $15mn to Donald Trump’s future presidential foundation and museum to settle a defamation suit against the network for on-air comments made by George Stephanopoulos, one of its star anchors, in a rare legal win for the president-elect against the news media.As part of the settlement, the network also agreed to add an editor’s note at the bottom of a March article online expressing ABC and the anchor’s “regret” over what he said during an interview with…

Sometimes, especially during the busy holiday season, cruise line websites can glitch because so many people are using them. That can be frustrating for customers because you don’t know if there’s a wide-scale problem or one that just impacts you,That makes it helpful when a cruise line comes out and admits that something has gone wrong. Related: 29 mistakes to avoid on a Carnival Cruise Line cruiseCarnival Brand Ambassador John Heald recently shared on his popular Facebook page that his cruise line is having a problem that has impacted thousands, maybe even tens of thousands, of its upcoming passengers. “Some of…