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Russ Cohen

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Wells Fargo Sees 9% Rise in 2023 Profit Despite Lower Net Interest Income Forecast for 2024 Wells Fargo Sees 9% Rise in 2023 Profit Despite Lower Net Interest Income Forecast for 2024

Wells Fargo & Company WFC earned a net income of $3.45 billion, up 9% YY in the fourth quarter of 2023. The company reported a GAAP EPS of $0.86, beating the consensus of $0.71. Revenue rose 2% to $20.48 billion. Analysts expected $20.28 billion. Positive Outlook Amid Uncertainty “We are closely monitoring credit, and while ...

Russ Cohen

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Options Market Buzz: Top Performers PANW, AMD, and FSLR

When it comes to options trading, a few major players have stolen the spotlight in today’s market. Let’s dive in and uncover the intriguing activity surrounding Palo Alto Networks, Inc (PANW), Advanced Micro Devices Inc (AMD), and First Solar Inc (FSLR). Palo Alto Networks, Inc (PANW) PALO ALTO NETWORKS, INC (Symbol: PANW) has taken center ...

Russ Cohen

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Enhanced Parental Controls in Family Center Update Snap Inc. Introduces Enhanced Parental Controls in Family Center Update

Snap Inc.-owned Snapchat has made a significant development in addressing concerns related to its AI chatbot interacting with minors on inappropriate topics. The platform is introducing new restrictions on the AI chatbot and enhancing safety and privacy settings for younger users. This proactive move signals a commitment to fostering a safer environment for adolescents using ...

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Netflix’s Success with Ad-Based Plan Netflix’s Success with Ad-Based Plan

Streaming Giant’s Ad-Based Plan Gains Momentum Netflix (NFLX) has reached a new milestone with its ad-based plan, attracting over 23 million monthly active users globally. This substantial growth, revealed by Amy Reinhard, the president of advertising, demonstrates the increasing popularity of the ad-supported tier within the streaming service. Just a little over two months ago, ...

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Revolutionary Shift: Hertz to Sell 20,000 EVs from US Fleet, Transitioning to Traditional Cars Revolutionary Shift: Hertz to Sell 20,000 EVs from US Fleet, Transitioning to Traditional Cars

Hertz Global Holdings, Inc HTZ has taken a bold step by choosing to sell roughly 20,000 electric vehicles (EVs) from its U.S. fleet, constituting about one-third of the global EV fleet. The divestiture, which commenced in December 2023 and is scheduled throughout 2024, encompasses a variety of makes and models. Hertz anticipates that this move will provide ...

Russ Cohen

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Goldman Sachs Projections: Russell 2000 to Outshine S&P 500 in 2024

Propelled by the promise of a vote of confidence in small-cap stocks, Goldman Sachs’ equity research team has predicted a rosy future for U.S. small-cap stocks. Based on their latest report to clients, the Russell 2000 small-cap index, tracked by the iShares Russell 2000 ETF IWM is anticipated to see a substantial upswing, with an ...

Russ Cohen

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Apple’s Board Sees Major Shift: Al Gore And James Bell To Retire Apple’s Board Sees Major Shift: Al Gore And James Bell To Retire

Apple Inc. AAPL on Thursday announced that two board members, Al Gore and James Bell, are retiring, while a new nominee, Wanda Austin, has been proposed for election. Apple Announces Retirement of Al Gore and James Bell What Occurred: Apple revealed that former U.S. Vice President Gore, a board member since 2003, and Bell, a ...

Russ Cohen

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Next Media Giants: Top 3 Stocks for High Returns The Next Media Giants: 3 Stocks to Buy for Blockbuster Returns

Discover the potential in 2024 for three prominent media giants. Paramount Global (PARA) Source: viewimage / Shutterstock Paramount Global (NASDAQ:PARA) stands as a prominent media corporation hailed for its TV channels, Filmed Entertainment division (including Paramount Pictures), and Direct-to-Consumer segment featuring Paramount+, among others. While PARA faced negative EPS in its first two quarters of ...

Russ Cohen

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Ford Motor Co. – Evaluating Options for December 2026

New Opportunities for Options Traders Options for Ford Motor Co. (Symbol: F) with a December 2026 expiration began trading recently, offering potential opportunities for sellers of puts or calls. With 1074 days until expiration, these newly trading contracts provide a unique possibility for investors to capitalize on time value and achieve a higher premium compared ...