KEY TAKEWAYS
As Nvidia, Microsoft, and Apple jostle for the mantle of the world’s most valuable company by market capitalization, watch out for these key chart levels.
Monitor if buyers can defend an uptrend line in Nvidia shares around $87 during periods of profit taking.
A breakdown below a key uptrend line in Microsoft shares…
Stocks
KEY TAKEWAYS
The Technology Select Sector SPDR Fund (XLK) will likely be forced to buy billions of dollars worth of Nvidia stock—and dump a similar amount of Apple—when it rebalances this week.
Nvidia’s weight in the ETF is expected to nearly quadruple after its float-adjusted market cap exceeded Apple’s at the end of last week.…
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was established in 2000. It is one of the biggest global technology and communications service providers. The firm is based in New York City and has operations in over 150 countries. Verizon’s revenues stood at $134. 0 billion in 2023. Verizon offers data, video and voice services, as well…
KEY TAKEAWAYS
Apple shares rose to a record high Tuesday, a day after the iPhone maker announced its iOS 18, Apple Intelligence, and an artificial intelligence (AI) partnership with OpenAI.
JPMorgan analysts said Apple's AI announcements reinforced the likelihood that an iPhone upgrade cycle is coming.
Melius Research analysts said that older iPhone models could…
KEY TAKEAWAYS
GameStop unexpectedly announced its first-quarter fiscal 2024 report before the bell Friday, with results falling short of analysts' expectations.
The surprise report came hours before meme-stock influencer Keith Gill's first livestream in three years.
GameStop also announced it was going to issue up to 75 million shares in addition to its recent sale of…
KEY TAKEAWAYS
Nvidia announced a 10-for-1 forward stock split along with its blockbuster earnings report Wednesday.
Stock splits increase the number of shares on the market without changing the company's valuation or market capitalization.
Holders of Nvidia common stock as of market close on Thursday, June 6 will receive nine additional shares for each share they hold…
QSince our last report, the NASDAQ 100 has moved higher and formed a new all time high figure, yet the Dow Jones 30 and S&P500 appear to have moved lower. At this point we would like to note our concerns, in regards to the recent direction taken by the Dow Jones 30, and its divergence…