Broadcom, as the third largest component in the VanEck Semiconductor ETF (SMH), has been a standout performer in the tech industry. With an impressive 38% increase in shares in 2024, the stock is up 16% over the past three months. However, despite these gains, Broadcom’s shares are still 17% below the June high. The SMH,
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The mortgage market is currently experiencing a significant shift towards refinancing, with demand heavily skewed in that direction. According to the Mortgage Bankers Association, total mortgage application volume increased by just 1.6% last week, largely driven by refinancing applications. This shift is a result of interest rates declining for the fifth consecutive week. The average
Tiger 21’s recent asset allocation report sheds light on its members’ investment preferences, particularly their attitudes toward investing in Nvidia. With over half of the network’s members choosing not to invest in the chip giant, it raises questions about their risk appetite and investment strategies. The report reveals that 43% of members who have invested
With the return of football, it is no surprise that the American Gaming Association projects a record-breaking $35 billion worth of bets to be placed this NFL season. This represents a significant increase of over 30% compared to last year’s figures. Despite the growth in sports betting, the performance of gambling company stocks hasn’t mirrored
Sports team owners are currently experiencing not only the financial benefits of the soaring values of their teams but also the pressure that comes from two significant factors in American wealth – death and taxes. As the average age of team owners increases and team values reach into the billions, owners and leagues are now
The labor market is a challenging space, especially for young adults who are often the first to bear the brunt of economic downturns. A recent report by the Federal Reserve Bank of St. Louis highlighted that approximately 16% of 18- to 24-year-olds fall under the category of “disconnected youth.” These individuals, also known as “NEETs”
The news of Rupert Murdoch-owned REA Group considering a takeover offer for the U.K. property portal Rightmove has sparked significant interest in the global real estate market. This potential merger could create a massive digital real estate business, consolidating two major players in the industry. The Australian property listings company, controlled by News Corp, has
Despite Nvidia’s post-earnings decline, the S & P 500 managed to advance by 0.7% on Thursday. The AI chipmaker’s shares tumbled by 3.5% after surpassing estimates on both revenue and profit. However, the company fell short of analysts’ expectations for its full-year outlook on gross margins. Jim Cramer referred to this as a setback for
The restaurant industry has experienced a significant surge in bankruptcy filings in 2024, which is in line with the broader trend of rising corporate bankruptcies across various sectors. Notably, at least 10 restaurant chains have filed for bankruptcy this year, excluding multi-unit franchisees. August alone saw three Chapter 11 filings from prominent eateries. The uptick
When considering dividend stocks, one of the top picks provided by Wall Street’s top pros on TipRanks is EPR Properties (EPR). This real estate investment trust specializes in experiential properties such as movie theaters, amusement parks, eat-and-play centers, and ski resorts. EPR offers a generous dividend yield of 7.3%, making it an attractive option for