Select a category
Advertisement
Singer Ruger has shaded you-know-who.
He said it’s not just about having hit songs, you can have a million hit songs and still be clueless on stage at a 200-capacity venue. This why he get much booking because he put his own being into it.
Shares in Super Micro Computer (SMCI) tumbled in extended trading Tuesday after the troubled server maker provided preliminary fiscal first-quarter results that came in below Wall Street expectations and said it’s unable to predict when it will file its delayed 2024 annual report.
Tuesday’s updates follow a turbulent period for the company, which last week saw its shares plunge around 45% after its auditor, Big Four accounting firm EY, resigned. That move came as speculation continues to mount over corporate governance challenges facing Super Micro amid allegations of accounting abnormalities
Super Micro Computer shares fell 16% to $23.30 in after-hours trading Tuesday. The stock, once an up-and-coming artificial intelligence (AI) favorite that hit a high around $123 in March, was down slightly year-to-date through Tuesday's close.
Below, we take a closer look at the technicals on Super Micro Computer’s weekly chart and point out major price levels to watch out for.
After trading within a six-month falling wedge, Super Micro Computer shares broke down below the pattern late last month.
Importantly, the move occurred on the highest weekly volume since late August, suggesting strong selling conviction among larger market participants, such as institutional investors and hedge funds.
Despite an early-November bounce, the stock sits poised to test lower levels again on Wednesday following the company’s latest updates.
Let’s identify several crucial support levels and a key resistance area on Super Micro’s chart that investors may be watching.
Firstly, it’s worth keeping an eye on the $23 level. This key location on the chart finds a confluence of support near the 200-week moving average and a trendline linking the lower level of a period of consolidation in the stock between May and October last year.
A decisive breakdown below this level opens the door for a move down to around $12, where the shares could attract buying interest near a series of highs in March and April last year that formed as part of the stock’s impulsive move higher from January to July.
Further selling could see the stock revisit lower support near $10, an area around 64% below Tuesday’s closing price where buy-and-hold investors may seek entries around a range of comparable trading levels that formed on the chart between November 2022 and April last year.
Upon an upswing, investors should monitor the $30 area. Investors who have purchased the stock at lower levels may look to lock in profits near a trendline that connects the top of a prior trading range on the chart from August 2023 to early January this year.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]
Read more on Investopedia
Advertisement
Fashion designer Yomi Makun has counseled Nigerians following Donald Trump’s victory in the 2024 U.S. election.
He said you should go and renew your visa before Donald Trump is sworn in as he president of America.
Emerson Electric (EMR) shares surged 7% on Tuesday, securing one of the top performances in the S&P 500, after the provider of automation equipment, industrial software, and engineering products reported strong sales and profit for its fiscal fourth quarter.
Emerson also announced a proposal to buy the remaining stake of industrial software company Aspen Technology (AZPN), reflecting Emerson's strategic focus on the industrial automation market.
Emerson's net sales for the recently completed quarter came in at roughly $4.6 billion, up roughly 13% year-over-year. Earnings per share (EPS) of $1.48 for the fiscal fourth quarter grew 15% from the year-ago period.
Both figures exceeded analysts' consensus forecasts. Growth in the Intelligent Devices and Software and Control segments helped drive the strong performance.
Emerson's chief executive officer (CEO) touted the successful integration of the company's test and measurement systems assets, highlighting $100 million in synergies over the first year. The company enhanced this part of its business through the October 2023 acquisition of software-connected test and measurement firm National Instruments.
In 2021, Emerson merged its software units with competitor AspenTech and acquired a 55% position in the combined entity. The new proposal to buy out the remaining stake values AspenTech at a total of $15.1 billion, meaning the prospective transaction would cost Emerson just more than $6.5 billion.
CFRA Research analysts reportedly said they were unsurprised by Emerson's desire to gain full control of AspenTech. In the wake of the pandemic and numerous high-profile labor disputes, manufacturers are likely to maintain their focus on automation, the analysts noted.
Following Tuesday's gains, Emerson stock is trading more than 20% higher year-to-date.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Are online gambling and sports betting new to your area? Are gambling advertisements catching your eye? Have you noticed sports and news shows covering the spread? Recent changes in laws have made gambling widely accessible, and its popularity has soared.
Occasional bets are rarely an issue. But uncontrolled gambling can lead to financial, psychological, physical, and social consequences, some of which are extreme. Understanding whether gambling is becoming a problem in your life can help you head off the worst of these issues and refocus on having more meaning, happiness, and psychological richness in your life. Gambling screening is a good first step.
Can you screen yourself for problem gambling?
Yes. Screening yourself is easy. The Brief Biosocial Gambling Screen (note: automatic download) is a validated way to screen for gambling disorder. It has three yes-or-no questions. Ask yourself:
What do your answers mean?
Answering yes to any one of these questions suggests that you are at higher risk for experiencing gambling disorder. Put simply, this is an addiction to gambling. Like other expressions of addiction, for gambling this includes loss of control, craving, and continuing despite bad consequences. Unique to gambling, it also often means chasing your losses.
A yes doesn't mean that you are definitely experiencing a problem with gambling. But it might be valuable for you to seek a more in-depth assessment of your gambling behavior. To find an organization or person qualified to help, ask a health care provider, your local department of public health, or an advocacy group like the National Council on Problem Gambling.
Are you ready for change?
Your readiness to change a behavior matters when deciding the best first steps for making a change. If someone asks you whether you want to change your gambling, what would you say?
I never think about my gambling. | Sometimes I think about gambling less. | I have decided to gamble less. | I am already trying to cut back on my gambling. | I changed my gambling: I now do not gamble, or gamble less than before. |
Depending on your answer, you might seek out different solutions. What's most important initially is choosing a solution that feels like the right fit for you.
What if you don't feel ready to change? If you haven't thought about your gambling or only occasionally think about changing your gambling, you might explore lower intensity actions. For example, you could
If you are committed to making a change or are already trying to change, you might seek out more engaging resources and strategies to support those decisions, like attending self-help groups or participating in treatment.
Read on for more details on choices you might make.
What options for change are available if you want to continue gambling?
If you want to keep gambling in some way, you might want to stick to lower-risk gambling guidelines:
Other ways to reduce your risk of gambling harm include:
What are easy first steps toward reducing or stopping gambling?
If you're just starting to think about change, consider learning more about gambling, problem gambling, and ways to change from
Some YouTube clips demystify gambling, such as how slot machines work, the limits of skill and knowledge in gambling, and how gambling can become an addiction. These sources might help you think about your own gambling in new ways, potentially identifying behaviors that you need to change.
What are some slightly more active steps toward change?
If you're looking for a slightly more active approach, you can consider engaging in traditional self-help experiences such as helplines and chatlines or Gamblers Anonymous.
Another option is self-help workbooks. Your First Step to Change is a popular workbook that provides information about problem gambling, self-screening exercises for gambling and related conditions like anxiety and depression, and change exercises to get started. A clinical trial of this resource suggested that users were more likely than others to report having recently abstained from gambling.
Watch out for gambling misinformation
As you investigate options, keep in mind that the quality of information available can vary and may even include misinformation. Misinformation is incorrect or misleading information. Research suggests that some common types of gambling misinformation might reinforce harmful beliefs or risky behaviors.
For example, some gambling books, websites, and other resources exaggerate your likelihood of winning, highlight win and loss streaks as important (especially for chance-based games like slots), and suggest ways to change your luck to gain an edge. These misleading ideas can help you to believe you're more likely to win than you actually are, and set you up for failure.
The bottom line
Taking a simple self-screening test can start you on a journey toward better gambling-related health. Keep in mind that change can take time and won't necessarily be a straight path.
If you take a step toward change and then a step back, nothing is stopping you from taking a step forward again. Talking with a care provider and getting a comprehensive assessment can help you understand whether formal treatment for gambling is a promising option for you.
Source: Harvard Health Publishing
Advertisement
A lawyer has shared his experience of helping his co-tenants with water, only to find one selling it to others.
He said they have not had electricity in three days. He reserved his generator for times like this so he could pump water with it for himself and co tenants. He has always done this without asking anyone for a dime.
He found out yesterday that as soon as he switched on the Gen, a tenant bypassed the water to the reservoir and she was selling the water to neighbors. The main apartment that was supposed to have water didn’t. He was using petrol to pump water, someone is selling it and making cool cash. Why are humans so s£lfish and gr££dy?