With the Federal Reserve considering a rate cut in September, individuals who have been enjoying high yields on cash instruments are at risk of seeing their income decrease. This potential rate cut has prompted investors to explore alternative investment options to maintain profitability amidst falling rates. One strategy to combat declining cash yields is to
Profit
Eli Lilly’s second-quarter earnings report for this year has exceeded expectations, leading to a significant increase in their full-year revenue outlook. The company reported impressive sales figures for its diabetes drug Mounjaro and weight loss injection Zepbound, causing its stock price to surge in premarket trading. With a revised guidance for adjusted earnings and revenue
Investors are always on the lookout for stocks that have the potential to weather economic storms and come out stronger on the other side. According to Citi, it is essential to focus on stocks with certain characteristics during market sell-offs. These criteria include being within the top 500 of the Russell 1000 by market capitalization,
Disney’s media business has long been viewed as a hindrance to the company’s overall success, with its streaming losses, declining traditional pay TV business, and box office failures causing concern among investors. This negative perception has been reflected in Disney’s stock performance, which has lagged behind the S&P 500 in recent years. However, the company’s
Delta Air Lines CEO, Ed Bastian, recently took steps to express gratitude towards his employees following the significant disruptions caused by a botched CrowdStrike software update that impacted thousands of customers and crew members. These disruptions led to the cancellation of more than 5,000 flights between July 19 and July 24, costing the company approximately
DraftKings recently made the decision to impose a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at increasing the company’s profits. While the company’s CEO, Jason Robins, justified the decision by comparing it to taxes in other industries, such as hotels and taxis, it raises questions
Pop Mart, a Chinese toy company, has managed to buck the trend of reduced consumer spending over the summer by reporting impressive double-digit growth in the first half of the year. This growth has exceeded expectations, with revenue projected to increase by at least 55% and profits by 90% or more. The stock market responded
Raoul Pal, a renowned economist, stands out in the midst of a sea of bearish sentiments in the cryptocurrency market. Despite the current downtrend in the net crypto capitalization and the 5% decrease in the last 24 hours, Pal remains unfazed. He reassures his 1 million followers on X that there is nothing of significance
The recent market sell-off has left some stocks in an oversold territory, potentially signaling a rebound in the near future. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced significant drops, with the Nasdaq entering correction territory. Despite the overall market downturn, there are some companies that stand out as potential candidates
In a week filled with market volatility and economic uncertainty, a few stocks have managed to stand out as potential winners. Despite the Dow Jones Industrial Average’s steep drop of nearly 500 points and fears of a looming recession, there are some gems hidden among the sell-off. While the S & P 500 and the