Select a category
Advertisement
Instablog9ja
22 m
10
Businesswoman Uju Stella has responded to Burna Boy
She said, she invested three years of her life in their relationship, and it’s disheartening that he reduced it to a mere transaction. After eight years, it’s sad to see that nothing has changed, after all his Grammy and accomplishments.
Click to watch
Investopedia
22 m
14
:max_bytes(150000):strip_icc()/GettyImages-2161750947-c9f1f6d023da49fb8521f6aa1baaf28d.jpg)
September sales rose at Taiwan Semiconductor Manufacturing Co. (TSM), with the chipmaker on Wednesday reporting numbers that pointed toward better-than-expected third-quarter revenue.
The company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), reported September sales of 251.87 billion New Taiwan dollars ($7.82 billion), up just under 40% from the same time last year.
Added to its results for August and July, TSMC reported NT$759.69 billion ($23.58 billion) in revenue for the third quarter, above the NT$749.88 billion analysts tracked by Visible Alpha had expected and roughly 36% above sales for the third quarter of 2023. The results surpassed TSMC's own outlook, as the company said in its second-quarter earnings report that it expected third-quarter revenue between $22.4 billion and $23.2 billion.
The company's US-traded shares were recently down more than 1% as broader markets wavered. The stock has risen steadily from August lows and is near record levels, up roughly 75% this year. The PHLX index of semiconductor shares edged lower Thursday.
TSMC is set to report the rest of its third-quarter financial results on the morning of Oct. 17. The company surpassed estimates in the first two quarters of 2024, as demand for its chips to power AI technology have remained in high demand.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Advertisement
Instablog9ja
1 h
14
Skit Maker Shank Comics has expresses outrage after spending N75,000 to fill his tank.
He said what a f¥ck as used N75,0000 to fill his tank and he was like f¥ck the government too.
Investopedia
1 h
14
:max_bytes(150000):strip_icc()/GettyImages-2175735395-17b0a38ec94842778c4aef4ade077472.jpg)
The U.S. Department of Justice (DOJ) mulls breaking up Google; Florida braces as Hurricane Milton is expected to cause tens of billions of dollars in damages; Palantir Technologies (PLTR) shares are rising further in premarket trading on optimism about its opportunities during the artificial intelligence (AI) boom; Pfizer (PFE) Chief Executive Officer (CEO) Albert Bourla reportedly is to meet with executives of Starboard Value after the activist investor took a stake in the pharmaceutical firm; and Rio Tinto is acquiring Arcadium Lithium (ALTM) for $6.7 billion. Here's what investors need to know today.
The Department of Justice (DOJ) has submitted a filing giving a federal court a framework for restructuring Alphabet's (GOOGL) Google, including breaking up the tech giant for an illegal monopoly over search. The filing comes after a U.S. judge in August ruled in favor of the DOJ's antitrust suit, which was first filed in 2020. A Google executive said the proposal could have "significant unintended consequences." Shares of Alphabet are down about 1% in premarket trading.
Florida is bracing for Hurricane Milton as the Category 5 storm continues its path toward the state's west coast, with mass evacuations preceding the expected landfall near Sarasota this evening. The storm could have a big impact on the state, with analysts at Jefferies projecting it could result in tens of billions of dollars in damages. One company that is expected to be affected is The Walt Disney Co. (DIS), which will be closing Disney World in early afternoon today and could take a hit to its earnings of between $150 million to $200 million due to disruption of its theme parks, according to Goldman Sachs.
Palantir Technologies (PLTR) shares are continuing to rise after asset management firm Ark Invest highlighted the company as one that could benefit from artificial intelligence (AI) trends. The technology-focused asset manager's European managing director Rahul Bhushan told that data analytics software names such as Palantir sit well positioned to capture AI market share from tech giants as demand grows for customized data and AI services that tailor to clients' specific needs. After surging more than 6% Tuesday, shares of Palantir are up another 0.6% in premarket trading.
Pfizer (PFE) CEO Albert Bourla will meet with executives of activist investor Starboard Value next week as the hedge fund has reportedly taken a $1 billion stake in the pharmaceutical giant, according to the . Bourla and Pfizer independent director Shantanu Narayen, the CEO of Adobe (ADBE), will meet with Starboard Value CEO Jeff Smith and Patrick Sullivan, who runs the fund's healthcare investments, the report said. Shares of Pfizer are up less than 1% in premarket trading.
Global mining giant Rio Tinto announced that it would acquire Arcadium Lithium (ALTM) in an all-cash transaction for $5.85 per share, or $6.7 billion. Shares of Arcadium Lithium surged more than 30% in premarket trading to $5.55. The deal would allow Rio Tinto to become one of the top miners of lithium, a metal needed to produce electric vehicle (EV) batteries. "Acquiring Arcadium Lithium is a significant step forward in Rio Tinto's long-term strategy, creating a world-class lithium business alongside our leading aluminium and copper operations to supply materials needed for the energy transition," Rio Tinto CEO Jakob Stausholm said.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]Read more on Investopedia
Investopedia 2 hrs 15
Palantir Technologies (PLTR) shares are likely to remain in the spotlight after jumping to a record high Tuesday following bullish commentary from Ark Invest, which said that the analytics software provider could have further potential upside from the artificial intelligence (AI) boom.
The technology-focused asset manager’s European managing director Rahul Bhushan told in an interview that data analytics software names such as Palantir sit well positioned to capture AI market share from tech giants as demand grows for customized data and AI services that tailor to clients’ specific needs.
Palantir shares rose 6.6% to $41.45 on Tuesday. The stock has gained 141% since the start of the year as of Tuesday’s close, jumping nearly 37% in the past month alone as it got a boost from its recent inclusion in the S&P 500 index.
Below, we take a closer look at the technicals on Palantir’s chart and point out important price levels that investors may be watching.
Since breaking out above an ascending triangle in early July, Palantir shares have continued to trend higher apart from a brief early August correction, with gains accelerating last month after the software vendor’s entrance into the S&P 500.
Importantly, above-average trading volumes have accompanied the stock’s rally, indicating active buying from market-tracking funds.
However, the shares may see short-term profit-taking, given the relative strength index (RSI) flashes overbought conditions and has formed a bearish divergence with the price.
Let’s take a look at three important support levels on Palantir’s chart and use technical analysis to forecast a potential bullish price target.
During an initial pullback, investors should eye the $32.70 level, a location on the chart just below the rising 50-day moving average where the shares may attract support near the August swing high and the Sept. 9 breakaway gap’s opening price.
Selling below this level may see the shares fall to $29, where the price could encounter buying interest near a trendline joining the July peak and September trough.
A deeper retracement could lead to a retest of the $25.50 region, an area where investors may look for entry points around the ascending triangle’s top trendline, which appears to have flipped from resistance into support.
To forecast a potential bullish price target in the stock, we can use a bars pattern, a subjective chart technique that uses prior price action to predict future moves.
In this case, we’ll extract Palantir’s trend higher from May to August last year and position that move from the early August selloff low, which forecasts a price target of around $55.
We selected this prior move as it started from the lower trendline of an earlier ascending triangle on the chart, similar to how the stock’s current uptrend began.
Do you have a news tip for Investopedia reporters? Please email us at [email protected]
Read more on Investopedia
Advertisement
Instablog9ja
3 hrs
14
Activist and lawyer, Deji Adeyanju has raised concern about Nigerians’ attitude following the recent fuel price increase.
He said fuel is now N1,030 but nobody wanted to chase clout by protesting. Everybody is waiting for everyone to start protest.
