Renaissance Technologies pared its Tesla and Nvidia bets and raised its GameStop wager last quarter. The quant fund founded by the late Jim Simons cut its Tesla stake by 86% and halved its Nvidia wager. RenTech… Article Source https://www.businessinsider.com/renaissance-technologies-rentech-simons-nvidia-tesla-gamestop-stock-portfolio-quant-2024-11
Investors will be keeping a close eye on several key stocks as trading begins on Monday. One stock to watch is Autodesk, a software company that has seen strong growth in recent months. Analysts are optimistic about the company’s prospects and believe that it could continue to perform well in the coming weeks. Another stock … Read more
According to the Bureau of Labor Statistics, the US economy added 272,000 nonfarm jobs in May, exceeding expectations. As a result, US stocks such as (^GSPC, ^DJI, ^IXIC) have started to decline. GameStop (GME) also experienced a significant drop in premarket trading, losing nearly 20% after announcing plans to sell up to 75 million Class … Read more
Investors are eagerly awaiting the release of the monthly non-farm payrolls report in the US to gain insights into the Federal Reserve’s potential interest rate cuts. Expectations suggest an increase of 185,000 jobs, which would indicate a slight improvement from the previous month. Concerns have arisen over potential rate cuts due to a strong economy, … Read more
In today’s fast-paced market, keeping a close watch on stock trends is essential for investors of all levels. Whether it’s monitoring the latest movements in tech giants like Intel or the unpredictable swings of GameStop, understanding these dynamics can greatly impact financial decisions and outcomes in the world of investing. Intel (INTC) has been making … Read more
:max_bytes(150000):strip_icc()/MarketBlogImage-final-6ac06c7b9250446a8e86c566b11e02e1.png?w=1500&resize=1500,1013&ssl=1 "Stocks Remain Steady Before Jobs Report Release; GameStop Surges")
Stock Index Closures: Discount Retailers and AI Stocks in Decline The recent stock market movements in various indices have shown a mix of gains and losses in different sectors. Notable gainers included Salesforce and Amazon in the Dow Jones index, while Boeing also saw positive movement following the successful docking of its Starliner spacecraft. In … Read more
It was a quieter day on Wall Street, with the major indexes (^DJI, ^GSPC, ^IXIC) little changed ahead of the May jobs report. GameStop (GME) surged more than 40% after the “Roaring Kitty” YouTube account posted about a livestream airing on Friday. Nvidia (NVDA) is set for a 10-to-1 stock split after the market close … Read more