Image source: Getty Images Scottish Mortgage Investment Trust (LSE: SMT) prides itself on finding the next big-winner growth stock. But this approach comes with a fair amount of volatility. For proof, look at the Scottish Mortgage share price, which has risen 41% over the past 18 months but still remains 37% lower than its 2021 peak. When the S&P 500 and Nasdaq are both surging to new heights on an almost daily basis, that’s been a bit frustrating for many shareholders (myself included). Granular data Perhaps that’s why there’s been a noticeable effort from the managers to increase engagement with…
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Photo: Michaela Vatcheva/Bloomberg (Getty Images) Nvidia (NVDA) stock is in correction territory, and rival chipmaker Broadcom’s (AVGO) late-year boost took a hit Tuesday morning. Shares of Nvidia fell 2.9% Tuesday trading at $128.17, after slumping into a correction by market close the day before. A correction typically refers to when a stock falls 10% or more from an all-time high closing price. Nvidia stock rallied to an all-time high of $148.87 in early November. Competing semiconductor manufacturer Broadcom ended its hot streak after closing up more than 11% Monday and ending the day at $250 apiece. Broadcom stock fell more…
DURHAM, N.C.–(BUSINESS WIRE)–Cree LED, a Penguin Solutions brand (Nasdaq: PENG), and Daktronics (Nasdaq: DAKT), today announced a multi-year, global patent license agreement effective December 2024. With limited exceptions, this agreement provides a license to Daktronics for Cree (NYSE:) LED’s patented technology for the duration of the agreement.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241217464919/en/Daktronics licenses Cree LED’s patented technology in a multi-year global agreement announced today. (Photo: Business Wire)With over 35 years of expertise in LED die and packaging technology, along with a robust portfolio of intellectual property covering their use in LED displays, Cree LED has…
Financial Institutions, Inc. (FISI) stock has reached a 52-week high, touching $29.14, signaling a period of strong performance for the company. With a market capitalization of $446 million and an attractive P/E ratio of 9, the stock has delivered impressive returns, including a 69% gain over the past six months. InvestingPro analysis indicates the stock is currently trading at Fair Value. This peak reflects a significant uptrend in the bank holding company’s stock value, which has seen an impressive 1-year return of 50.86%. Investors have shown increased confidence in FISI’s growth prospects and strategic initiatives, propelling the stock to new…
Sidetrade “Cash Maturity 2024” Study by Sidetrade and PwC France and Maghreb, reveals that the integration of smart automation, generative AI, and internal upskilling are driving efficiency gains, while companies shift from outsourcing to cultivating in-house talent with essential tech and leadership skills. In collaboration with consulting and audit firm PwC France and Maghreb, Sidetrade, the global leader in AI-powered Order-to-Cash applications, reveals a significant shift in investment and renewed boldness within the finance function, driven by a sharpened emphasis in 2024 on cash flow generation and EBITDA preservation amid a challenging economic landscape. “Cash Maturity 2024” by Sidetrade and PwC…
Tech stocks appear to be getting toppy. Julian Lin, Investing Group leader behind the Best of Breed Growth Stocks service, suggests valuations among key tech companies are headed toward peak levels. And it’s not just stocks tied to the AI boom. The Seeking Alpha analyst also says investors should carefully scrutinize new developments in other tech sectors, such as the buzz surrounding quantum computing. Lin’s advice: Avoid the “FOMO” talk and take a cautious approach, not only with tech investing but also with the markets. His 2025 Outlook is below. Seeking Alpha: AI continues to be the big tech investing…
GreenIron and Scandinavian Steel AB, a leading distributor of metals, have signed a collaboration agreement under which the latter will become the… Source link
Jerash Holdings (US), Inc. (NASDAQ:) stock soared to a 52-week high of $3.58, reflecting a significant uptrend backed by the company’s strong performance. The company maintains a healthy financial position with a robust current ratio of 3.14, and offers investors an attractive 5.75% dividend yield. InvestingPro analysis reveals 12 additional key insights about JRSH’s financial health and growth potential. This milestone underscores a remarkable year for Jerash, with the stock delivering a 20.58% return over the past year and an impressive 19.25% gain year-to-date. Investors have shown increased confidence in the firm’s ability to sustain growth, as evidenced by the…
US stocks fell on Tuesday despite upbeat retail sales data as investors await the start of a highly-anticipated Federal Reserve policy meeting expected to usher in an interest-rate cut. The Dow Jones Industrial Average (^DJI) slid roughly 0.5%, coming off an eighth straight day of losses for the blue-chip index. The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) also lost about 0.5%. The Nasdaq closed at a record high on Monday. Markets are waiting for Fed policymakers to kick off their final gathering of the year, amid almost total conviction that a 0.25% rate cut is coming on…
The global airline industry continues to face turbulence in its post-pandemic recovery. While pent-up travel demand has boosted passenger volumes, challenges persist. Soaring fuel costs, labor shortages, and disrupted supply chains have constrained capacity and inflated operational expenses. Adding to this complexity is the intensifying competition among carriers to attract price-conscious yet experience-driven travelers. Delta Air Lines, Inc. (DAL), however, stands out as an example of resilience. Leveraging its diversified revenue streams and robust operational strategies, Delta has consistently outperformed its peers. Its focus on premium offerings and technology-driven innovations has created enduring competitive advantages, ensuring profitability and market leadership.…