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Dell Stock Beyond The Expectations: Q2 Highlights

Dell Stock Beyond The Expectations: Q2 Highlights

Image Source: Unsplash Dell Stock: Strong Q2 Results and Record-Breaking Growth On Thursday, Dell Technologies Inc. (NYSE: DELL) exceeded all analysts’ expectations, driven by strong growth in its server division.The Infrastructure Solutions Group reported a 38% increase in revenue, reaching $11.64 billion for the fiscal second quarter, surpassing analysts’ estimates of $10.79 billion.Additionally, revenue from servers […]
Fading U.S. Inflation Keeps The Fed On The Path Of Rate Cuts

Fading U.S. Inflation Keeps The Fed On The Path Of Rate Cuts

Inflation is on track to hit the 2% target early next year with the latest PCE deflator print giving the green light to a September rate cut. However, consumer spending remains very robust and this may make the Fed reluctant to move aggressively. Nonetheless, a soft jobs report on 6 September could still tip the […]
Dow, S&P 500 On Track For 4th-Straight Monthly Wins

Dow, S&P 500 On Track For 4th-Straight Monthly Wins

The Dow Jones Industrial Average (DJI) is sporting a modest midday loss, the S&P 500 Index (SPX) is flat, and the Nasdaq Composite Index (IXIC) is still higher despite paring premarket gains. The DJI is the only one pacing for a weekly win as it heads for a fourth consecutive monthly gain alongside the SPX, while […]
The Bond Market Should Be Careful What It Wishes For

The Bond Market Should Be Careful What It Wishes For

Jay Powell has now said what the market has been hoping for most of the year. Interest rates will be cut… The yield curve has reacted again, especially at the long end… A very good indicator of the Fed’s policy is the yield on the US Treasury over 2 years. This recently fell to below […]
No Stock Market Crash From Nvidia

No Stock Market Crash From Nvidia

The stock market keeps surviving each event the media makes into potential Armageddon. On Wednesday, I wrote about Nvidia and the likelihood for a move outside of $131 and $123. That came in the form of a less-than-perfectly stellar report and sharp move on heavy volume to the downside. Smart money knew the odds. For now, I […]
Intel Mulls Foundry Split Amid Financial Struggles, Stock Gains

Intel Mulls Foundry Split Amid Financial Struggles, Stock Gains

Image courtesy of 123rf.com Intel Corporation (Nasdaq: INTC) is reportedly exploring a major restructuring that could see the tech giant split its chip design and manufacturing operations, according to sources familiar with the matter. The potential move comes as the company grapples with mounting losses and increasing pressure from investors and lawmakers. Intel’s stock jumped 7.45% to $21.63 […]
The Year-Over-Year PCE Price Index Unchanged In July

The Year-Over-Year PCE Price Index Unchanged In July

PCE data from the BEA, CPI data from the BLS, chart by Mish Chart Notes CPI is the consumer price index. Monthly reports are from the Bureau of Labor Statistics (BLS), the same organization that posts the monthly jobs reports. PCE is the Personal Consumption Expenditures price index not to be confused with PCE spending. The latter […]
Polymarket’s presence overshadows BET despite strong debut

Polymarket’s presence overshadows BET despite strong debut

Key Takeaways BET reached $20 million daily volume but Polymarket maintains market dominance. Crypto prediction markets saw 740% volume growth and 1,500% user growth in 2024. Share this article Solana-based prediction market BET surpassed $20 million in daily volume on Aug. 29 but failed to sustain the volume spike the following day. Meanwhile, Polymarket is […]
S&P 500 Earnings Dashboard 24Q2 – Friday, Aug. 30

S&P 500 Earnings Dashboard 24Q2 – Friday, Aug. 30

Image Source: Unsplash  S&P 500 Aggregate Estimates and Revisions 24Q2 Y/Y earnings are expected to be 13.0%. Excluding the energy sector, the Y/Y earnings estimate is 13.8%. Of the 493 companies in the S&P 500 that have reported earnings to date for 24Q2, 79.3% reported above analyst expectations. This compares to a long-term average of 66%. The 24Q2 Y/Y blended revenue growth estimate is 5.5%. If the energy sector is […]
Sensex Today Ends 231 Points Higher; Nifty Above 25,200

Sensex Today Ends 231 Points Higher; Nifty Above 25,200

After opening the day higher, Indian benchmark indices continued the momentum as the session progressed and ended the day firm.Indian stock prices reached all-time highs shortly after the market opened on Friday, following gains among regional counterparts. This uptick came after US economic data alleviated growth worries, with investors now awaiting the latest domestic quarterly […]