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Accenture Surges on Generative AI Demand, Beats Q4 Revenue Forecasts

Accenture exceeded fourth-quarter revenue forecasts on rising demand for its generative AI services. Accenture (ACN) shares soared on Thursday after the business management consulting firm surpassed fourth-quarter revenue forecasts, driven by rising demand for its generative AI services. The company also provided solid guidance, increased its dividend, and expanded its stock buyback program. Accenture reported…

ByPexecoSeptember 26, 20240Comments

Stocks

GM, Ford Stocks Sink on Morgan Stanley Downgrades Amid China Challenge

Morgan Stanley downgraded the U.S. auto sector and several companies in it because of growing competition from China. Shares of General Motors (GM) and Ford Motor (F) plunged on Wednesday after Morgan Stanley downgraded both stocks, citing the growing competitive threat from China. The investment bank slashed its ratings and price targets for the two…

ByPexecoSeptember 25, 20240Comments

Stocks

Nike Stock Climbs as Wall Street Analysts Welcome a CEO Change

Nike's hard-hit shares topped the Dow's leaderboard Friday as Wall Street analysts largely welcomed the company's appointment of longtime executive Elliott Hill as its new CEO. Nike's hard-hit shares surged Friday, leading the Dow's advancers, as Wall Street analysts broadly welcomed the appointment of veteran executive Elliott Hill as the new Chief Executive Officer (CEO).…

ByPexecoSeptember 21, 20240Comments

Stocks

Small-Cap Stocks Surge After Major Fed Rate Cut – Market Revolution Ahead?

Small-cap stocks advanced amid a broad market rally on Thursday after the Federal Reserve lowered interest rates by half of a percentage point on Wednesday. Small-cap stocks rallied on Thursday, riding the wave of a broad market upswing after the Federal Reserve initiated its much-anticipated rate-cut cycle with a substantial half-percentage point reduction. The small-cap…

ByPexecoSeptember 19, 20240Comments

Stocks

Microsoft Shares Surge Amid Dividend Hike, $60 Billion Buyback

Microsoft shares rose for the the seventh consecutive session on Tuesday, with the latest gains coming after the tech giant hiked its quarterly dividend by 10% and approved a $60 billion stock buyback. Microsoft shares extended their rally for the seventh consecutive session on Tuesday, fueled by the company’s announcement of a 10% increase in…

ByPexecoSeptember 18, 20240Comments

Stocks

Intel Shares Surge as CEO Unveils Turnaround Plan and Major Chipmaking Deals

Intel shares surged in extended trading Monday after CEO Pat Gelsinger offered an update on the company’s turnaround plans. Intel's stock surged in extended trading on Monday after CEO Pat Gelsinger provided an update on the company’s efforts to cut costs and revitalize its business. Gelsinger shared that Intel has made significant progress through a…

ByPexecoSeptember 17, 20240Comments

Stocks

Investor enthusiasm lags for Apple’s AI-powered iPhone 16 series

Apple has officially unveiled its much-anticipated iPhone 16 series, alongside new Apple Watches and AirPods, during its latest product event. While "Apple Intelligence" features took center stage, the full artificial intelligence (AI) capabilities, including a more advanced Siri powered by AI, won’t be available until October through a software update. The iPhone 16 lineup includes…

ByPexecoSeptember 10, 20240Comments

Stocks

4 Things To Watch at Apple’s ‘It’s Glowtime’ iPhone 16 Event

Apple is poised to reveal its latest innovation, the AI-enhanced iPhone 16, at the highly anticipated "It’s Glowtime" event on Monday. The tech giant is expected to showcase four new iPhone models: the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max, each boasting significant upgrades in battery life, display technology,…

ByPexecoSeptember 9, 20240Comments

Stocks

Nvidia Shares Plummet Amidst AI Stock Sell-Off

As of 2023, Nvidia's stock price has grown by approximately 146% year-to-date, driven by its dominant position in AI chip technology and strong demand for its GPUs. Nvidia shares experienced their most significant single-day decline, dropping over 9% on Tuesday amid a broader sell-off in artificial intelligence (AI) stocks. The market's retreat from AI stocks…

ByPexecoSeptember 4, 20240Comments

Stocks

Nvidia Set to Report Q2 Fiscal 2025 Earnings

Nvidia (NVDA) is scheduled to report its second-quarter earnings for fiscal 2025 after the market closes on Wednesday. Investors will be closely monitoring the company's performance, particularly looking for sustained growth in its data center segment and any updates on the reported delays affecting its upcoming Blackwell artificial intelligence (AI) chip. Anticipated Financial Performance According…

ByPexecoAugust 28, 20240Comments

European Central Bank ready to cut?

Oil prices are uncertain as to which direction to take

ECB June cut in the works?

Gold Outlook: Petraces from all-time highs

Germany’s HICP rates in sight

Equities report: Equities send out mixed signals

Stocks

GM, Ford Stocks Sink on Morgan Stanley Downgrades Amid China Challenge

Nike Stock Climbs as Wall Street Analysts Welcome a CEO Change

Small-Cap Stocks Surge After Major Fed Rate Cut – Market Revolution Ahead?

Microsoft Shares Surge Amid Dividend Hike, $60 Billion Buyback

Investor enthusiasm lags for Apple’s AI-powered iPhone 16 series

4 Things To Watch at Apple’s ‘It’s Glowtime’ iPhone 16 Event

Nvidia Shares Plummet Amidst AI Stock Sell-Off

Nvidia Set to Report Q2 Fiscal 2025 Earnings