From modest beginnings and early hiccups, SpaceX learned to flourish in space ventures

Category: Finance

CalPERS clawed back a significant amount from a retiree who inflated his pension.

Keywords: CalPERS, claw back, pension

Source: Daily Bulletin

Update At: 7/17/2024

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Microsoft or AMD: Deutsche Bank Chooses the Superior Tech Stock to Buy Ahead of Earnings - TipRanks.com

Microsoft is favored over AMD as the superior tech stock ahead of earnings, driven by strong AI integration and solid financial performance. Analysts expect Microsoft to report significant revenue growth, while AMD shows modest growth but faces caution due to cyclical weaknesses in non-AI sectors.

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US OPEN: Russell 2000 leads gains on Wall Street 📈

Wall Street shows positive momentum with the Russell 2000 index up 1.65%, driven by better-than-expected retail sales and Bank of America's earnings. Bank of America reports net interest income of $14.5 billion, while Match shares rise 7% due to activist investor interest. Morgan Stanley's Q2 earnings exceed expectations but shares open lower, and United Health Group sees a 3.1% increase despite raising earnings estimates due to cybersecurity issues. Analysts adjust target prices for Goldman Sachs, Macy's, and Netflix based on recent performance.

XTB.com

Major indices are higher in early US trade. AMD, MIcrosoft, Starbucks and Pinterest report | Forexlive

Major US indices are up in early trading, with the Dow up 159.13 points, S&P up 24.31 points, and NASDAQ up 86.05 points. The small-cap Russell 2000 also shows gains. Crude oil prices have dropped, while gold has increased. Bitcoin fluctuates around $66,486 after trading above $70,000 yesterday.

Forexlive

Can AMD Stock Rebound to $200? Here’s What Christopher Rolland Expects - TipRanks.com

AMD shares have fallen 27% in the last 4 months despite an increase in 2024 revenue guidance for the MI300 accelerator. Analyst Christopher Rolland predicts further revenue increases, estimating MI300 sales could reach $5 billion in 2024. However, concerns about order cancellations from major clients and competition from Nvidia's GB200 platform pose risks. Rolland rates AMD shares as a Buy with a $200 price target, while the consensus among analysts is a Strong Buy with a 39.5% expected appreciation over the next 12 months.

Tipranks

AMD surpasses Q2 expectations on record data center revenue

AMD reported second quarter 2024 revenue of $5.84B, exceeding estimates, driven by record Data Center revenue of $2.8B. Non-GAAP earnings per share reached $0.69. The company anticipates continued growth in the AI sector and expects third quarter revenue of $6.7B. Despite strong performance, high inventory levels remain a concern amid competitive pressures from Nvidia.

Seeking Alpha

What You Need To Know Ahead of AMD's Earnings Report

AMD is expected to report second-quarter earnings with projected revenue of $5.74 billion and net income of $343.08 million. Investors are focused on data center growth driven by AI demand, with estimates for data center revenue at $2.79 billion. AMD's third-quarter revenue forecast is anticipated to be $6.66 billion, which could positively impact stock sentiment if exceeded.

Investopedia

How To Earn $500 A Month From Microsoft Stock Ahead Of Q4 Earnings - Microsoft (NASDAQ:MSFT)

Microsoft Corporation is set to release its fiscal year fourth quarter financial results, with analysts expecting earnings of $2.93 per share and revenue of $64.39 billion. The company offers a dividend yield of 0.70%, requiring significant investment for substantial monthly income from dividends. The article explains how to calculate the necessary investment for desired monthly dividend income.

Benzinga

AMD earnings beat, revenue topped estimates By Investing.com

AMD reported Q2 EPS of $0.69, exceeding estimates, with revenue of $5.84B. The company forecasts Q3 revenue of $6.70B. AMD's stock is down 8.07% over the last 3 months but up 21.01% over the last year. Financial health is rated as fair performance.

Investing.com

Alphabet's earnings sell-off is unwarranted. Here's how Jim Cramer would approach the stock now

Stocks declined as the market shifted from large tech to small caps, with Jim Cramer noting signs of economic weakening. Alphabet's shares fell despite strong earnings due to light YouTube ad revenue. Estee Lauder received an upgrade, but Cramer emphasized the importance of selling underperforming stocks to invest in winners.

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Advanced Micro Devices (NASDAQ:AMD) Shares Up 1%

Advanced Micro Devices, Inc. (AMD) saw a 1% increase in stock price, closing at $139.64 after trading as high as $141.14. Recent brokerage reports have adjusted price targets, with a consensus target of $194.97. AMD reported quarterly earnings of $0.62 per share, slightly above estimates, with revenue of $5.47 billion. Insider trading activity included significant stock sales by EVP Mark D. Papermaster. Institutional investors hold 71.34% of AMD's stock.

Defense World