Wall Street's highest target price released! Wells Fargo & Co: s&p 500 expected to reach 7007 points by the end of next year.
On Tuesday, wells fargo & co stock strategist Christopher Harvey and his team released the target level of 7007 points for the s&p 500 index by the end of 2025; This is the highest target price given by mainstream Wall Street investment banks, indicating that the s&p 500 index is expected to rise by about 16% by the end of next year.
The demand for AI is strong, with chip company Marvell's sales soaring 19% month-on-month, far exceeding expectations.
Strong demand for AI, Marvell's performance in the third quarter and outlook for the fourth quarter both exceeded expectations. On December 3rd, Eastern Time, chip company Marvell Technology (MRVL) announced its third-quarter financial report, showing a 19% increase in sales compared to the previous quarter, reaching $1.52 billion, higher than Wall Street's forecast of $1.46 billion; earnings per share of 43 cents, higher than the expected 41 cents. Marvell also expects fourth-quarter revenue to reach around $1.8 billion, higher than the expected $1.65 billion, with an expected earnings per share of 59 cents. The company
Looking back at 2024: Why did the rising trend of US stocks shock Wall Street?
①The US stock market has shown strong performance this year, with the s&p 500 index rising by about 27% year-to-date, expected to achieve the best performance in many years, far exceeding Wall Street's expectations at the beginning of the year. ②So, what are the factors that the US stock market relies on to achieve such a strong increase?
Understand it in one picture! When to focus on US stocks, when to layout global: all depends on "it"
For Wall Street traders, when should they concentrate their efforts on positioning in the US stock market? When should they diversify their funds and invest in overseas markets? The answer may lie on a very familiar chart: the 10-year US Treasury yield.
Has the market made a choice? Bank of America: Trump may be more important than non-farm payrolls!
Bank of America's latest report advises investors: Don't place too much emphasis on Friday's non-farm payroll data...
Google's Veo Video Generator Arrives On Cloud: How Oreo Maker Mondelez Is Using AI For Creative Content
Trump has finally compromised! The transition team has signed the official background check agreement with the Department of Justice in the USA.
① The team of USA's incoming president Trump has reached an agreement with the Department of Justice, allowing the FBI to conduct background checks on the nominee and members of the transition team, to support the government transition; ② This agreement was originally planned to be signed on October 1, but the Trump team was reluctant to sign it, slowing down the entire process; ③ Trump's nominee for Secretary of Defense, Pete Hegseth, may become the focus of the background check as he has been accused of sexual assault and alcohol abuse.
Bank of America Securities: destocking cycle has ended, bullish on usa cyclical stocks in 2025.
Analysts at Bank of America Securities suggest that cyclical stocks in the USA should perform well in 2025.
Daily summary of digital currency updates (2024-12-04)
According to statistics from HODL15Capital, the balance of bitcoin on exchanges has been continuously declining, with the total balance on major exchanges currently around 2.312 million BTC.
What signal? Two major technology giants' stock prices have reached historical highs together, apple has achieved 'seven consecutive increases', and Meta has risen nearly 8% over three days.
Apple and Meta's strong performance is due to their status as members of the 'Big Seven.' Currently, Apple is the company with the highest global market cap, reaching $3.67 trillion; Meta's total market cap is $1.55 trillion, ranking seventh in the US stock market. In terms of the macro environment, further Fed interest rate cuts are bullish for technology stocks.
nvidia is no longer the exclusive darling of AI? apple endorses amazon: considering using its chips to train models
①Apple is leveraging custom AI chips from AWS to enhance its search and other services, and evaluating the feasibility of using the latest AI chips for pre-training the 'Apple Asia vets' model; ②Apple revealed at the AWS Reinvent conference that it uses Amazon's proprietary chips, and stated that its infrastructure is reliable and stable, meeting the needs of global customers.
Palantir, Salesforce, Okta, Meta, And Tesla: Why These 5 Stocks Are On Investors' Radars Today
South Korean Markets Plunge Amid Political Turmoil As President Yoon's Martial Law U-Turn Sparks Uncertainty: Samsung, SK Hynix, And Hyundai Stocks Tumble
Express News | US stocks outperforming stocks rally in night trading: marvell technology rose more than 11%, salesforce rose more than 10%
Intel is seeking an external "parachute" CEO.
According to reports, intel is looking for a new CEO, focusing on external candidates, and has hired the executive headhunting company Spencer Stuart to assist in finding new leadership.
Vanguard warns: The AI boom on Wall Street is facing a pullback.
Vanguard economist Joe Davis stated that the market has overestimated the short-term potential of AI technology, with current valuation levels approaching those of 1997, increasing the risk of a stock price "pullback". It is difficult to determine the timing of the pullback, and it is unknown whether it will start in 2025.
Futu Morning Post | South Korea's president announced 'emergency martial law' late at night, stirring up the market; high-performance stocks collectively celebrate after hours! Marvell Technology, salesforce surged more than 10%.
Will the interest rate be cut in December? The Fed's voting members this year are "doing Tai Chi": regardless of cutting or not, interest rates should continue to decline; Nasdaq and S&P hit new highs again! Apple has risen for seven consecutive days to create a new historical high; Palantir rose nearly 7% to create a new historical high again, with the company's cloud computing service receiving a "highly authorized" certification.
After hours surged nearly 10%! marvell technology's Q3 performance for the fiscal year 2025 exceeded expectations, and Q4 guidance is strong.
The results show that the revenue in the third quarter was 1.52 billion dollars, exceeding the analyst consensus expectation of 1.46 billion dollars, a year-on-year increase of 6.84%; the eps was 0.43 dollars, higher than the analyst consensus expectation of 0.41 dollars, which was 0.41 dollars in the same period last year.
Trading volume TOP 20 | Apple rises over 1% again, stock price continues to hit a historical high; palantir rises nearly 7%, the company's cloud computing service receives 'high authorization' certification
On Tuesday, the top trading volume of US stocks was nvidia, up 1.18%, with a turnover of $22.843 billion. The second was Tesla, down 1.59%, with a turnover of $20.39 billion. The third was apple, up 1.28%, hitting a new historical high in stock price, with a turnover of $9.384 billion.
AI shopping assistants have contributed to usa's "Cyber Monday" sales surpassing 13 billion dollars, a year-on-year increase of 7.3%.
According to a report by adobe, usa consumers reached an online spending of 13.3 billion dollars this year on "Cyber Monday", which is a 7.3% increase compared to Cyber Monday in 2023, surpassing the 10.8 billion dollars spent online on Black Friday. Caila Schwartz, director of consumer research at Salesforce, stated that generative ai tools can answer basic product queries from online shoppers, helping retailers protect their profit margins despite rising costs.