The anticipated peak of the earnings season is upon us as we venture into the final week of July. This period will witness companies spanning various sectors, publishing their financial reports. While much of the limelight is likely to be on tech behemoths, we must not overlook the importance of the forthcoming reports from businesses across consumer staples, industrials, and energy.
The U.S. market has experienced a significant shift in recent years, with a handful of tech giants commanding a larger share of the S&P 500 index. This has led traders to seek ways to hedge their short index positions and protect their portfolios. In this article, we will delve deeper into the growing dominance of Apple Inc. and Microsoft Corp. in the S&P 500 and explore how these secular stocks can help balance the risks associated with short positioning in index trading.
Welcome to this week’s analysis, where we will be focusing on the top 5 AI stocks and the top 5 reasons we have shortlisted them, including their current price targets.
As the world continues to move towards automation and digitalisation, artificial intelligence has become increasingly important in various industries. With that in mind, we have scoured the market and have selected the top 5 AI stocks that we believe have the potential for significant growth in the future.
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Reading time: two minutes
The results are in and things are looking good for AMD. According to their earnings report for the second quarter of 2020, the company enjoyed a year-over-year revenue boost of 26%. Income from computing and graphics components for PCs and laptops also came at a whopping $1.37 billion, beating Wall Street expectations by 45%.
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The cloud and data management service provider posted lower than expected earnings that led to a 5% drop in its share price in extended trading hours on Tuesday.
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Reading time: 6 minutes
In the span of just a couple of months, the coronavirus pandemic managed to shake the foundations of the global economy, dramatically alter our day-to-day lives, and generate unprecedented unemployment levels on a global scale, all without breaking a sweat.
And while the disrupted supply chains posed significant financial risks to a great degree of companies, for some sectors the virus turned into an unexpected stairway to success. LEt’s take a look at who are the winners and losers in the fight against COVID-19.