Slowing Momentum in Semiconductor Stocks?

The semiconductor sector has been a standout performer in 2024, but recent trends suggest that its momentum might be slowing. So, let’s examine the overall state of the sector, focusing on the Van Eck Semiconductor ETF NASDAQ: SMH and two leading names: NVIDIA NASDAQ: NVDA and Taiwan Semiconductor Manufacturing Company NYSE: TSM. By analyzing these…

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Buy Now and Reap Future Rewards?

$28.15 -0.40 (-1.40%) (As of 07/8/2024 ET) 52-Week Range $13.40 ▼ $52.48 Price Target $32.66 Affirm Holdings Inc. NASDAQ: AFRM is a leader in the buy-now-pay-later (BNPL) industry. They provide installment loans to consumers, enabling them to split purchases into smaller payments. This is a win-win for merchants as they make more sales and customers as…

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Why are share buybacks on the rise?

Global dividend payouts hit a first-quarter record of $339.2 billion in the first three months of the year, according to the Janus Henderson Global Dividend index. UK dividend growth, however, was “relatively pedestrian”, says Andrew Jones of Janus Henderson.  Dividends rose 2.4% on an underlying basis to $15.3 billion. Ordinary (ie, not special, one-off payments)…

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FedEx Stock Could Reach New All-Time High in 2024

$295.53 +1.53 (+0.52%) (As of 07/8/2024 ET) 52-Week Range $224.69 ▼ $302.41 Dividend Yield 1.87% P/E Ratio 17.15 Price Target $314.00 FedEx’s NYSE: FDX focus on efficiency in the face of troubled operating conditions is why this stock can set a fresh high this year. The fiscal Q4 results delivered exactly what the market wanted and…

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CAVA Stock: Is It Overextended? A Closer Look

$94.75 -0.24 (-0.25%) (As of 07/8/2024 ET) 52-Week Range $29.05 ▼ $98.69 P/E Ratio 231.10 Price Target $81.50 As the second quarter and first half of the year come to a close, CAVA Group Inc. NYSE: CAVA has gained significant attention for its remarkable stock performance, making it a standout name so far.  Up 113% year-to-date,…

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Sell One, Buy the Other

Analysts’ sentiment has Workday NASDAQ: WDAY  and SolarEdge NASDAQ: SEDG down, but the takeaways differ for each. On the one hand, a struggling business continues to lose money while its competitors fare better. On the other hand, a leading company that failed to meet inflated expectations has had its market reset. The share price will…

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