Memory’s biggest name just delivered the cleanest quarter of its life, and the most interesting thing about it is that the stock isn’t sure what to do with it. Micron (NASDAQ:) closed out fiscal Q3 with revenue of $41.5 billion, up 346% on the year, a fifth straight record. Gross margin came in at 84.9%, … Read more
These 8.7%-Paying Funds Just Got Their Day in Court and We Won
Russ Cohen
Every now and then, something happens that shines a light on the value of our favorite income investments—our 8%+ paying closed-end funds (CEFs). These stout income plays are so valuable, in fact, that some activists are willing to go all the way to the Supreme Court to gain more influence over them. Let me explain. … Read more
This Shocking Company Just Passed Ford — and Its Sales Could More Than Double
Russ Cohen
Key Points BYD passed Ford not only in EV sales but also in total global sales. BYD’s CEO believes the company can become the No. 1 global automaker in five years. BYD remains an attractive investment due to its vertical integration. 10 stocks we like better than BYD Company › When Tesla energized the entire … Read more
Why Tesla Stock Dropped on Tuesday
Key Points Tesla (NASDAQ: TSLA) stock tumbled 6%.1 through 3:15 p.m. ET Tuesday, one week before Tesla is expected to report its Q2 deliveries number — and just hours after Swiss megabanker UBS announced it’s sticking with only a “neutral” rating on Tesla shares ahead of the report. Image source: Tesla. Where to invest $1,000 … Read more
Micron Earnings Preview: AI Memory Rally Faces Reality Check
Wall Street forecasts blockbuster fiscal Q3 for Micron Technology (MU) when it reports after market this evening, as booming AI data-center demand drives the stock to record levels. Twelve months ago, Micron traded under $100 a share. Now its value has surged into the trillion-dollar range because a once-overlooked component has become essential to the … Read more
Crypto Market Update: Wall Street Journal Uncovers Fabricated Polymarket Wins
Here’s a quick recap of the crypto landscape for Monday (June 22) as of 10:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Bitcoin price update Bitcoin (BTC) was priced at US$64,418.78, up by 0.5 percent over the past 24 hours. Simon-Peter Massabni, head … Read more