Real estate stocks are experiencing a surge fueled by investor optimism surrounding anticipated interest rate cuts. Significant capital inflows into REITs and strong earnings are driving the sector’s outperformance, even as it lagged behind the broader market earlier this year.
Renowned economist Peter Schiff has pointed out a significant divergence in the performance of Bitcoin and gold over the past six months, with gold outperforming Bitcoin by a considerable margin. Schiff argues that this trend indicates a shift in momentum, casting doubt on the narrative of Bitcoin overtaking gold in market cap.
Despite a strong recovery in most asset classes following a market downturn in August, Bitcoin saw a significant decline, falling over 11% for the month. However, it remains the top-performing asset year-to-date with over 38% gains. This underperformance comes amid weakened sentiment around the digital asset.
Last week saw significant drops for several large-cap stocks, including Tamboran Resources, Gold Fields, Snowflake, NetEase, Franklin Resources, JD.com, Temu parent PDD Holdings, and Moderna. This article explores the reasons behind these declines and provides insights for investors.
Discover the eleven large-cap stocks that dominated the market last week, driven by positive earnings reports, revised outlooks, and favorable market conditions. From tech giants to homebuilders, these companies are seeing substantial growth.
Tencent Music, Mobileye, Rivian, Chipotle, and Lineage were among the top ten worst-performing large-cap stocks last week. Analysts cited various reasons for the decline, including revenue misses, leadership changes, supply chain issues, and price target reductions.
Starbucks Chief Partner Officer, Sara Kelly, recently sold 250 shares of the company’s stock, raising questions about insider trading practices. Despite this, Starbucks stock remains popular, and investors closely monitor executive transactions for clues about its future performance. Starbucks holds a strong global presence in the coffee industry, a substantial market capitalization, and a history of rewarding shareholders.
Music streaming giant Spotify (SPOT) reported impressive first-quarter 2024 earnings, surpassing market expectations. The company posted adjusted earnings per share of $1.05, significantly exceeding the Zacks Consensus Estimate of $0.63 and representing a 66.67% surprise. This is a notable improvement compared to the loss of $1.24 per share reported a year ago.
