Articles for author: Russ Cohen

Russ Cohen

Top 3 Defensive Stocks You'll Regret Missing In October

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a ...

Russ Cohen

Jeff Bezos-Backed Perplexity's New AI Election Hub Promises Real-Time Vote Counts And Candidate Summaries — But What About Its Accuracy?

On Friday, Perplexity, an artificial intelligence startup, announced an AI-powered Election Information Hub, promising real-time vote counts and candidate summaries. What Happened: The hub, which will be operational on Election Day, Nov. 5, is designed to provide AI-generated answers to voting queries and summaries of candidates. The live vote count will be based on data from The Associated ...

Russ Cohen

Nvidia (NVDA) to Replace Intel in the Dow Jones Industrial Average

Nvidia (NVDA) is being added to the Dow Jones Industrial Average, replacing rival chipmaker Intel (INTC). The change will occur on November 8, according to S&P Global (SPGI), the company that manages the Dow Jones Industrial Average and is responsible for its composition. Additionally, S&P Global said that paint company Sherwin Williams (SHW) will replace ...

Russ Cohen

2 Tech Stocks You Can Buy and Hold for the Next Decade

Smart investing requires playing the long game. It’s not enough to simply identify a winning stock. To generate significant returns, investors must use time to their advantage. That’s why the buy-and-hold strategy works. By identifying well-run companies and then staying invested in their stocks for many years, anyone can generate impressive returns. With that in ...

Russ Cohen

General Motors (GM) Profit Rises with Tesla (TSLA) Earnings on Tap

General Motors GM delivered strong Q3 results this morning posting stellar growth and raising its full-year profit guidance. Seeing a sharp post-earnings rally, GM shares spiked +9% in today’s trading session with Tesla’s TSLA stock down -0.3% ahead of its Q3 report after-market hours on Wednesday, October 23.   General Motors Q3 Results Fueled by its North ...

Russ Cohen

Alibaba (BABA) Settles Class Action Lawsuit for $433.5M

The Chinese e-commerce giant Alibaba Group (BABA) has reached a $433.5 million settlement to resolve a class action lawsuit filed by shareholders in a Manhattan federal court. The lawsuit accused the Chinese e-commerce giant of engaging in monopolistic practices, specifically by forcing merchants to sell exclusively on its distribution platform. Importantly, the settlement agreement still ...

Russ Cohen

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against WM Technology, Inc. (MAPS)

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming December 16, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired WM Technology, Inc. (“WM Technology” or the “Company”) MAPS securities between May 25, 2021, and September 24, 2024, inclusive (the ...

Russ Cohen

Top 3 Consumer Stocks That May Rocket Higher In Q4

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a ...

Russ Cohen

Don’t Chase This Uranium Breakout

Why uranium stocks are surging … fast wins from Luke Lango and Eric Fry … is this Bitcoin breakout finally for real? … why valuation has Eric cautious today Uranium stocks are surging. Yesterday, we learned that Amazon signed a deal with Dominion Energy to invest more than $500 million in nuclear power. The tech ...