Micron Technology (MU) has recently garnered attention as a top pick by Wall Street analysts. The company’s impressive performance in the fiscal third quarter, beating both top and bottom-line expectations, has investors excited about its future prospects. With the ongoing artificial intelligence (AI) wave driving demand, Micron Technology is poised for continued growth. Goldman Sachs
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Darden Restaurants, the operator of popular dining brands such as Olive Garden and LongHorn Steakhouse, recently announced a mix of results for the fourth quarter of fiscal 2024. While the company exceeded earnings expectations, its sales slightly missed the consensus due to increased discounting by competitors. Despite this, Darden issued substantial dividends and committed to
In a groundbreaking lyric on Beyoncé’s latest album, she passionately sings “denim on denim, on denim, on denim.” It seems that Levi Strauss shoppers have wholeheartedly embraced this advice, much to the delight of Levi Strauss executives. The resurgence of Western wear has created a denim boom, with consumers opting for all-denim looks from head
Recent reports indicate that Americans are saving more for retirement, as seen in the annual report released by Vanguard on How America Saves 2024. However, the findings also suggest that there is still a significant gap in the amount of savings needed for a comfortable retirement. Stock market returns have been favorable, and automatic enrollment
Delta Air Lines (DAL) has been identified as a top stock pick by Wall Street analysts due to its solid fundamentals and strong long-term growth prospects. Analyst Helane Becker reiterated a buy rating on DAL with a price target of $55 after the company’s presentation at the Toronto Corporate Access Day. Delta’s strategic plan and
Warren Buffett’s investment firm, Berkshire Hathaway, has been steadily increasing its stake in Occidental Petroleum over the past nine trading sessions. This accumulation of shares has pushed Berkshire’s ownership in the Houston-based oil and gas producer to nearly 29%, as revealed by regulatory filings. From June 5 to the present day, Berkshire Hathaway has been
Nvidia’s recent surge has caused a major shake-up in the Technology Select Sector SPDR Fund (XLK), forcing it to make some significant changes in its portfolio. The fund, which tracks the Technology Select Sector Index, is now in the process of rebalancing its holdings based on market cap values. As a result, Nvidia will soon
Recently, Keith Gill, widely known as “Roaring Kitty” in online forums, has made headlines again by increasing his ownership in GameStop’s common stock. By posting a screenshot of his E-Trade portfolio on Reddit’s Superstonk forum, it is evident that he now holds over 9 million GameStop shares and has more than $6 million in cash.
GameStop witnessed a drastic drop of 12% in its shares on Monday, following a significant sell-off initiated by a disappointing earnings report and an unimpressive livestream by Roaring Kitty. This decline continued from Friday, where the stock plummeted by almost 40% in a single day, leaving the price at around $25 per share. The company
When it comes to predicting the market sentiment, investors rely heavily on macroeconomic data. However, individual stock picks can also play a crucial role in achieving long-term returns. One such stock favored by the Street’s top pros is off-price retailer Burlington Stores (BURL). The company’s first-quarter results for fiscal 2024 were impressive, leading to raised