S&P 500 takes a pause ahead of U.S inflation data (5 minute read)
Wall Street had a bit of a rollercoaster ride on Monday. The S&P 500 played it cool, taking a slight dip as investors crossed their fingers and toes in anticipation of a big inflation report. Word on the street is, this magical CPI October reading could spill the beans on how long the U.S. Federal Reserve plans to keep interest rates doing their thing.
Meanwhile, Boeing decided to break free, soaring high with news that China might finally thaw out the freeze on their 737 deal. And the medtech crew had reason to celebrate – turns out, good vibes followed news about a weight loss drug. The Dow was on a modest upswing by 0.16%, the S&P had a tiny dip of 0.08%, and Nasdaq decided to take a breather, down by 0.22%.
NVIDIA closes at record high into another 'very strong' quarter (5 minute read)
NVIDIA's stock (NVDA) is soaring for the tenth consecutive session and almost hitting a record high of $496.56, up 2.13%. Sure, it once flirted with$502 on August 24, but that was just a quick in-and-out affair, closing at $471.59. Now, the analysts are all aboard the hype train, waving their bullish flags as they predict another "very strong" quarter for NVIDIA. Why? Well, the word on the street is that people can't get enough of AI, and NVIDIA's riding that wave like a champ.
1 Unstoppable Stock Down 81% to Buy Hand Over Fist, According to Wall Street (5 minute read)
Ever heard of Confluent (CLFT)? Well, you might want to perk up those ears because they've cooked up some tech that's turning heads. Picture this: according to the International Data Corporation, by 2025, a whopping 90% of the world's companies are expected to be diving headfirst into data streaming. And guess who's leading the charge? None other than Confluent, claiming its stake in a $60 billion opportunity. Now, here's the kicker – the company is currently sitting at a modest $5.4 billion valuation.
PLUG: Plug Power Stock Crashes 40% on Sales Miss, Concerns Over Staying Solvent (5 minute read)
The hydrogen wizards over at Plug Power (PLUG) are flashing some warning signals, and it's not looking like a magic show. The stock took a nosedive of 40%, all thanks to some not-so-pleasant third-quarter earnings news. Their desperate plea for funding is like a distress call in the stock market galaxy, and get this, they're even pondering the dramatic move of going off the grid if the investor cavalry doesn't ride in next year.
Millennials vs. Boomers: Who’s Doing a Better Job Saving for Retirement? (5 minute read)
Well, well, well, looks like millennials and Gen Xers are giving the boomers a run for their money when it comes to retirement savings. According to the financial gurus over at Vanguard, both the older millennials (those cool cats aged 37 to 41) and the Gen X squad (the 49 to 53 crew) are flexing their financial muscles and are actually better prepared for the retirement game compared to the young boomers (aged 61 to 65).
Hold onto your hats because here's the real kicker: millennials, in particular, are rocking it when it comes to socking away enough cash to live the good life in retirement. And get this—it doesn't matter if you're a high roller or just cruising on an average income; millennials are showing they've got the retirement savings mojo across the board. So, move over boomers, the new kids on the block are here to show you how it's done!