• Dec 12, 2024

Costco's Unique Retail Model And Solid Growth Stand Out In Challenging Market: Analysts

JP Morgan analyst Christopher Horvers reiterated the Overweight rating on Costco Wholesale Corporation (NASDAQ:COST) with a price forecast of $1,090. The analyst suggests that the ongoing global momentum in the business, share gains across various sectors and geographies (including e-commerce growth), and the company’s leverage to a cyclical upswing in big-ticket items (about 20% of the comp) contribute to its strong performance. Additionally, the emerging benefits from advertising revenue make

• Dec 12, 2024

Broadcom Stock Soars as Analysts Grow More Bullish on Chipmaker's AI Potential

Broadcom shares rocketed higher Friday, a day after the company’s fiscal fourth-quarter results topped expectations, leading several analysts to raise their price targets.

• Dec 12, 2024

Exclusive-Heavy rains to hit Malaysian palm oil output again in December, says MPOB

Malaysia's palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world's second-largest producer of the tropical oil, the industry regulator told Reuters on Friday. Lower output in Malaysia would curb inventories in the country and further boost benchmark futures, which are already near their highest levels in about 2-1/2 years. "We estimate a potential reduction of around 5% to 8% in crude palm oil (CPO) production under normal circumstances," Ahmad Parveez Ghulam Kadir, director-general at the Malaysian Palm Oil Board (MPOB) said.

• Dec 12, 2024

10 high-dividend stocks and how to invest in them

These 10 stocks can give your portfolio a boost of income.

• Dec 12, 2024

Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B

The record trading activity on HyperLiquid's perpetuals market is characrterized by users recently leaning more toward ether than bitcoin.

• Dec 12, 2024

Analyst who correctly said Apple stock would rally updates outlook

Apple shares have firmly outperformed the S&P 500 and the Nasdaq since its artificial intelligence event in early June.

• Dec 12, 2024

C.H. Robinson speaks to investors – and Wall Street’s support soars anew

C.H. Robinson had its first investors day in seven years, and the audience liked what it heard. The post C.H. Robinson speaks to investors – and Wall Street’s support soars anew appeared first on FreightWaves.

• Dec 12, 2024

Penn Entertainment Stock Surges After Upgrade From JPMorgan, Anticipating Growth

Penn Entertainment shares surged Friday after JPMorgan upgraded the casino operator's stock, anticipating growth as its investments begin to pay off.

• Dec 12, 2024

Broadcom stock soars 20% as AI demand powers the company to a $1 trillion market cap

Broadcom (AVGO) has surpassed the $1 trillion market cap for the first time after it reported a 220% jump in artificial intelligence revenue.

• Dec 12, 2024

Broadcom Joins $1 Trillion Market Cap Club as Stock Soars on AI Demand

Shares of Broadcom soared on Friday, launching the chipmaker into the small club of public companies worth more than $1 trillion.