Quest Diagnostics, Southwest Airlines rise; Simulations Plus falls, Wednesday, 7/3/2024

Moneywise
An entire Florida homeowners association board quits after $60K special assessment dispute — what happened
One specialist says HOA reserves don't need to be “fully funded.”
Simply Wall St.
Favourable Signals For Algonquin Power & Utilities: Numerous Insiders Acquired Stock
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like...
Business Insider
How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money
The amount Hindenburg Research made from it's short-seller report on Adani Group pales in comparison to the market value it erased.
CNN Business
John Deere to lay off roughly 600 employees from three US factories
The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.
Barrons.com
7 Stocks Poised for a Strong Second Half. And They Aren’t Tech Giants.
Barron’s found seven candidates—that aren’t the six tech giants—that have improving Wall Street sentiment, increasing earnings estimates, and haven’t substantially outperformed the market. The performance of the big six stocks has pushed up the return of the overall index.
Business Insider
Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.
BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires. Now, he's passing some of the wealth to employees.
Business Insider
The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
"Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said.
Fortune
Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say
“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.
The Canadian Press
Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
NEW YORK (AP) — The entertainment giant Paramount will merge with Skydance, closing out a decades long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.
Moneywise
Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently
There’s no one-size-fits-all plan for retirement.
Fortune
On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook
The S&P 500's current multiple stands at 28.9. Except during the Great Financial Crisis when profits collapsed, that's the highest PE for any quarter since the tech bubble of the late 1990s and early 2000s.
Simply Wall St.
Here's Why Bird Construction (TSE:BDT) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
The Canadian Press
Vehicle supply building. Prices are going down. Is it time to buy a new car?
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.
Bloomberg
TSMC Shares Soar to Record on Expectations of Tight 2025 Supply
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. rose to a record intraday high in Taipei after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker before its earnings. Most Read from BloombergBiden Narrows Gap With Trump in Swing States Despite Debate LossBoeing to Plead Guilty to Fraud for Violating Deal Over 737 Max CrashesHedge Funds That Piled Into Big Tesla Short Stung by RallyMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidOld School F
Insider Monkey
Is Intel Corporation (INTC) an “AI Loser” or an “Underappreciated Gem”?
ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Value Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. US equities continued the journey as the growing number of “winners” concentrated in the market due to the excitement surrounding new weight loss medications and artificial intelligence, while […]
Barrons.com
Stocks Poised to Open Lower
This week’s economic highlights include the June consumer price index, the first batch of second-quarter earnings, and Fed Chair Jerome Powell’s semiannual report to Congress.
The Canadian Press
The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
LOS ANGELES (AP) — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall.
Fortune
S&P 500 investors vs. actively managed funds: 2024 is an even better year for buying and holding the index
According to data from Morningstar Direct, just 18.2% of actively managed funds whose primary prospectus benchmark is the S&P 500 are outperforming the index in the first half of this year.
TechCrunch
Investors chase wealthtech startups in India as affluent class grows
Investors are betting on Indian wealthtech startups as a growing middle class turns to diversify investments and startups challenge traditional financial advisors for high-net-worth clients. Premji Invest is in advanced stages of talks to lead a funding round of $30 million to $40 million in Dezerv, an app offering a suite of investment solutions to India's wealthy, three sources familiar with the matter told TechCrunch. Lightspeed Venture is in advanced talks to lead an investment round larger than $20 million in Centricity, a digital wealth management platform, two sources said.
Simply Wall St.
3 TSX Dividend Stocks With Yields Ranging From 3.5% To 9%
As central banks, including the Bank of Canada, adjust interest rates in response to shifting economic indicators such as inflation and employment, investors might look for stable income opportunities amidst market fluctuations. In this context, dividend stocks can be particularly appealing, offering potential regular income streams and a degree of insulation against market volatility.

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STOCKS CLIMB AS S&P 500, NASDAQ TRY TO BUILD ON RECORDS

Quest Diagnostics, Southwest Airlines rise; Simulations Plus falls, Wednesday, 7/3/2024

Latest Stories

An entire Florida homeowners association board quits after $60K special assessment dispute — what happened

Favourable Signals For Algonquin Power & Utilities: Numerous Insiders Acquired Stock

How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money

John Deere to lay off roughly 600 employees from three US factories

7 Stocks Poised for a Strong Second Half. And They Aren’t Tech Giants.

Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says

Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently

On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook

Here's Why Bird Construction (TSE:BDT) Has Caught The Eye Of Investors

Vehicle supply building. Prices are going down. Is it time to buy a new car?

TSMC Shares Soar to Record on Expectations of Tight 2025 Supply

Is Intel Corporation (INTC) an “AI Loser” or an “Underappreciated Gem”?

Stocks Poised to Open Lower

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

S&P 500 investors vs. actively managed funds: 2024 is an even better year for buying and holding the index

Investors chase wealthtech startups in India as affluent class grows

3 TSX Dividend Stocks With Yields Ranging From 3.5% To 9%