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Texas Data Center Moratorium: Key Meeting Friday; Watch These S&P 500 Stocks
Investor's Business Daily3d agoneutral
Texas Data Center Moratorium: Key Meeting Friday; Watch These S&P 500 Stocks

Texas Gov. Greg Abbott went from being one of the biggest boosters of data centers to becoming the second governor to impose a data center moratorium, on Aug. 3. Last November, Abbott announced a $40 billion investment in Google parent Alphabet. Recent polls show a close race for governor against state Democratic Rep. Gina Hinojosa, who has seized on public opposition to data centers.

BofA sends warning on Target stock before earnings
TheStreet3d agoneutral
BofA sends warning on Target stock before earnings

Target’s improving sales trends are giving investors more reason to believe the retailer’s turnaround is taking hold, but Bank of America still sees a difficult setup for the stock heading into second-quarter earnings. Target (TGT) is scheduled to report results on Aug. 19, and expectations have ...

Investing.com3d agoneutral
Are KOSPI and SOX in a bubble? Citi answers

Investing.com -- Citi told clients in a note on Friday that investor attention around asset bubbles has moved away from U.S. large-cap benchmarks and toward chipmakers and South Korean stocks.

Oil Refiners Power S&P 500 to Records
The Wall Street Journal3d agoneutral
Oil Refiners Power S&P 500 to Records

Old-school energy companies are joining AI stocks in pushing the S&P 500 to record highs. Refiners Marathon Petroleum and Valero Energy have posted some of the week's biggest gains, rising 20% and 15% respectively through Thursday.

Alphabet’s Early SpaceX Investment Grows More Than 100-Fold to $94 Billion
InvestorsHub3d agoneutral
Alphabet’s Early SpaceX Investment Grows More Than 100-Fold to $94 Billion

Alphabet (NASDAQ:GOOG) has generated an extraordinary paper return from its early investment in SpaceX (NASDAQ:SPCX), with its disclosed holding valued at approximately $94 billion at the end of June, more than 100 times the $900 million the Google parent invested in Elon Musk’s space company in 2015. Following SpaceX’s $86 billion initial public offering in June, Alphabet has emerged as the company’s largest individual institutional shareholder by a wide margin, according to a Reuters analysis

Coeur Mining (CDE) Just Topped $1B in Quarterly Revenue. Can It Last?
Insider Monkey3d agoneutral
Coeur Mining (CDE) Just Topped $1B in Quarterly Revenue. Can It Last?

Coeur Mining (NYSE:CDE) just delivered the biggest quarter in its history on August 6. Quarterly revenue crossed $1 billion for the first time, powered by the first full quarter of contributions from the newly acquired New Afton and Rainy River mines. Free cash flow hit a record, the cash balance topped $1 billion, and the […]

Electric Vehicles Today - Energy Volatility Fuels Rapid Global Electric Revival
Simply Wall St.3d agoneutral
Electric Vehicles Today - Energy Volatility Fuels Rapid Global Electric Revival

Recent developments in global electric vehicle (EV) adoption suggest a rapid increase due to ongoing energy volatility. According to Wood Mackenzie, three key factors could significantly elevate EV sales: enhanced government investments in the EV supply chain, rising fuel prices prompting consumer shifts to EVs, and faster-than-expected technological advancements. Under a scenario they describe as "electric shock," these factors could reduce global oil demand and influence major markets, with...

Companies Have Rarely Had Such Great Expectations
The Wall Street Journal3d agoneutral
Companies Have Rarely Had Such Great Expectations

Both earnings growth and the “surprise ratio,” the share of companies exceeding analyst expectations, are near historic highs. What’s more important is how many companies are upbeat about the future. Luckily, analysts at Bespoke Investment Group keep track of such things.

Reddit Shares Pop Before S&P 500 Inclusion
The Wall Street Journal3d agoneutral
Reddit Shares Pop Before S&P 500 Inclusion

Two years after going public, social-media platform Reddit is joining the S&P 500. It will replace AvalonBay Communities, a real-estate investment trust that is being bought by fellow S&P 500 member Equity Residential, creating a vacancy in the index. Reddit will take AvalonBay's spot before trading opens on Aug. 18, S&P Dow Jones Indices said after Thursday's close.