Palantir Stock Downgraded Amid ‘Unprecedented Generative AI Hype Cycle’

An analyst downgraded data analytics software maker Palantir Technologies (PLTR) on Thursday on views its valuation is inflated amid investor buzz over generative artificial intelligence. Palantir stock fell in morning trading, X Brian White, analyst at Monness, Crespi, Hardt & Co., downgraded Palantir stock to sell from neutral. He set a price target of 20 … Read more

Why Nikola Stock Soared Today

Shares of Nikola (NASDAQ: NKLA) soared by more than 15% Thursday morning. The stock got a boost from some company-specific news as well as fresh publicity for hydrogen as a transportation fuel. As of 11:10 a.m. ET today, Nikola stock remained higher by 10.6%. That helped the share price exceed the $1 level that is … Read more

Stock Market Today: Dow Jones Rises On Surprise GDP; Apple Slides On Downgrade

The Dow Jones Industrial Average rose Thursday, as Wall Street reacted to a stronger-than-expected GDP reading for the fourth quarter. Meanwhile, tech titan Apple (AAPL) dropped on the stock market today after an analyst downgrade. X The Dow Jones Industrial Average moved up 0.1% in morning action, as did the S&P 500. The tech-heavy Nasdaq … Read more

2 Artificial Intelligence (AI) Stocks to Buy Now and Hold for the Long Term

Since artificial intelligence’s (AI)  burst in popularity early last year, investors have been captivated by the potential for AI stocks to go parabolic. Take SoundHound AI for example. Since reports emerged in mid-February that Nvidia (NASDAQ: NVDA) owned a stake in the company, its stock has exploded higher, soaring as much as 295% in the … Read more

Home Depot Zeros In On Pro Builder Market With $18.3 Billion Deal

Dow Jones home improvement retailer Home Depot (HD) on Thursday announced plans to acquire SRS Distribution for $18.25 billion, the largest purchase in company history. HD stock ticked lower early Thursday on the news. X McKinney, Texas-based SRS Distribution is a residential specialty trade distribution company that serves professional roofers, landscapers and pool contractors. The … Read more

Want $300 in Super Safe Monthly Dividend Income? Invest $43,000 Into the Following 2 Ultra-High-Yield Stocks.

One of the best aspects of putting your money to work on Wall Street is that there’s no one-size-fits-all strategy to wealth creation. With thousands of publicly traded companies and exchange-traded funds (ETFs) to choose from, there’s an investment strategy that fits all investment tastes and tolerances. But when examined with an even broader lens, … Read more