(MENAFN- Baystreet) Hedge Funds Shift Capital Into European Stocks
Krispy Kreme's Stock Rises 15% On Deal With McDonald's
After Reddit's IPO: Buy or Sell?
China Slumped: Apple, Starbucks, Tesla, and McDonald's at Risk
Today's Biggest Moving Stocks: Super Micro Computer, Boeing, and More Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau - Tuesday, March 26, 2024
Tuesday's Trades: Take-Two, Masimo, GameStop, and More
Despite perceived assurances from the Federal Reserve to cut interest rates, skeptical investors are selling risky assets. Higher inflation rates are forcing consumers to spend primarily on necessities like food and energy. By watching the core PCE, the Fed overlooks those price pressures. As a result, investors need to sell at risk of a sales slowdown.
In the gaming market, Take-Two (TTWO) lost 4.15% on Monday on worries that its hit title, Grand Theft Auto VI, may face a possible release delay. The firm is mandating workers to return to the office. Those who want remote-only work may quit.
Medical devices maker Masimo Corp. (MASI) is the long-term bullish buy. WSJ reported that the firm might consider a joint venture for its consumer division. Alternatively, it may spin off the consumer business entirely. Masimo hurt shareholders when it acquired Sound United for $1 billion.
Communication Services Stocks Soared
After bears dismissed Reddit (RDDT) as a stock whose rally would fade, shares gained 30% on Monday. It closed at $59.80. Cardlytics (CDLX) added 27.4%.
Conservative investors who want exposure to the Communications Services sector may buy the ETF (XLC). Shares are up around 13% YTD and up nearly 45% in the last year.
Traditional media firms are struggling to find support. Wait for Warner Bros. Discovery (WBD), Sony (SONY), Paramount (PARA), and Comcast (CMCSA) to bottom before buying them. They are value stocks whose share price may get cheaper. Investors worry that advertising revenue will continue falling for those firms.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN26032024000212011056ID1108022647
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.