Articles for author: Russ Cohen

Russ Cohen

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Insight into US Home Sales Performance Disappointing Numbers: US Home Sales Hit a Roadblock Amid Soaring Prices

June 2024 marked a jarring turn for the worse in existing home sales across the United States, with a significant 5.4% freefall from May. This plummet, the most severe monthly decline since November 2022, reflects the deep uncertainty gripping potential buyers, largely fueled by sky-high median prices surging to unprecedented levels for the second month ...

Russ Cohen

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IBM's software growth, Gen AI bookings and consulting growth in focus during Q2 earnings

Insight Into IBM’s Q2 Earnings Focus The Tale of IBM’s Q2 Earnings Landscape Sundry Photography/iStock Editorial via Getty Images As International Business Machines Corporation (NYSE:IBM) gears up to unveil its second-quarter results, all eyes are on its software services growth buoyed by Gen AI bookings, against a backdrop of potential declines in consulting. Projected figures ...

Russ Cohen

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Warren Buffett Trims Bank of America Stake: Delving into the Why

Warren Buffett’s investment acumen is legendary, causing many keen investors to closely monitor the octogenarian billionaire’s every market move. The recent disclosure that Buffett’s conglomerate, Berkshire Hathaway, shed 34 million shares (equivalent to $1.48 billion) of Bank of America stock, Berkshire’s second-largest common stock holding, has sparked intrigue among financial circles. Although the sale represents ...

Russ Cohen

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Exploring the Surge: Nike’s Stock Success Nike’s Stock Surge: Unpacking the Catalysts and Possibilities

Nike (NYSE: NKE) stock experienced significant growth during Monday’s trading session. Closing the day with a 3% increase, as reported by S&P Global Market Intelligence. Nike Unveils Bold Olympics Advertising Push Struggling amid recent challenges, Nike, the footwear and apparel giant, aims to bolster its comeback efforts through innovative marketing strategies. The debut of its ...

Russ Cohen

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Best Momentum Stocks to Buy for July 22nd

Insight into Leading Momentum Stocks for Investors Exploring Top Players in the Market Considering investing in momentum stocks? Let’s delve into three standout options that could pique the interest of investors for July 22nd. TDK Corporation – TTDKY TDK Corporation shines as an electronic component company boasting a Zacks Rank #1. Notably, its Zacks Consensus ...

Russ Cohen

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Insight into Castellum (CTM) Stock Movement

Image Source: BeeBright / Shutterstock Castellum (NYSEMKT:CTM) shares surged on Monday, fueled by the revelation of a strategic alliance with Krilla Kaleiwahea. This partnership opens new avenues for Castellum, a trusted player in collaborations with the U.S. Department of Defense (DOD). By teaming up with Krilla Kaleiwahea, a Native Hawaiian government contractor, Castellum gains access ...

Russ Cohen

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Exploring Long-Term Tech Stocks of the Future Exploring Long-Term Tech Stocks of the Future

The tech industry, akin to a tempest that seizes the market’s attention, has propelled the S&P 500 and Nasdaq to uncharted highs. Amongst the fervor of this rally, investors flock towards long-term tech stocks, brimming with the promises of artificial intelligence (AI), innovation, and machine learning. These technological frontiers beckon for the visionary investor to ...