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  • Business
    Yahoo Finance Video

    2024 will be 'year of diversification': Strategist

    With the Federal Reserve keeping interest rates high, US equities (^GSPC, ^DJI, ^IXIC) have begun to once again price in the higher-for-longer interest rates as inflation continues to make its way through the economy. With so much uncertainty as to when this rate environment may shift, investors may need to re-adjust their portfolios accordingly. Edward Jones Senior Investment Strategist Mona Mahajan joins Market Domination Overtime to give insight into how investors should focus their portfolios as the Fed continues to hold rates high and as the market continues to price that in. "We should use periods of volatility as an opportunity to diversify... If last year, 2023, was this year of the Magnificent Seven on one hand and cash and CDs on the otherhand, we think 2024 will eventually be the year of diversification and balanced portfolios. So in equities, we'd say make sure you have exposure, not only to that AI trade because that is a long-term secular theme, but kind of fully valued here. But also to other parts of the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino

  • Business
    Yahoo Finance Video

    DoorDash stock falls on weak Q2 guidance

    Shares of DoorDash (DASH) are falling during after-hours trading on Wednesday, following the release of the company's first quarter results. Despite beating revenue expectations by posting $2.51 billion in revenue, surpassing analyst estimates of $2.45 billion, the company's weaker-than-expected outlook for the second quarter is weighing on the stock price. Yahoo Finance's Brooke DiPalma breaks down the delivery company's quarterly results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

  • Business
    Reuters

    Carvana shares soar on upbeat forecast for core profit, retail sales

    Carvana's results come as high interest rates prompt consumers to look for deals on second-hand cars instead of buying new ones. The used-car retailer said it was expecting a sequential increase in adjusted core profit and growth rate in retail units in the second quarter, while analysts expected a 2.6% fall in retail sales from a year earlier. The company reported a first-quarter profit of $49 million, compared with analysts' estimates of $31.2 million, according to LSEG data.

  • Business
    Yahoo Finance Video

    Qualcomm results suggest supercycle is on the horizon: Analyst

    Qualcomm Inc. (QCOM) reported its second quarter earnings results, beating analyst estimates on the top and bottom lines. The semiconductor giant's second quarter adjusted earnings were $2.44 per share, topping Street estimates of $2.32. Adjusted revenue of $9.39 billion was just slightly better than the $9.32 billion estimate. Joining Market Domination Overtime to discuss the results are Rosenblatt Securities Managing Director and Senior Research Analyst Kevin Cassidy and Moor Insights & Strategy Founder, CEO, and Chief Analyst Patrick Moorhead. While the quarter focused primarily on Qualcomm's handset sales, Moorhead highlights the company's automotive segment as "the biggest surprise" in the results. He notes that this sector witnessed a remarkable surge in its backlog, increasing from $30 billion to a staggering $45 billion over the course of 18 months, describing the feat as "pretty big." Asked about AI's implications, Moorhead says that with Qualcomm's new chips featuring "supersized AI" capabilities, he is "very optimistic" that a supercycle could emerge in the latter half of the year. Cassidy echoed Moorhead's sentiment, describing Qualcomm's results as "a relief" amid reports of weakening demand in the Android sector. He agrees with the notion of a potential supercycle, saying that Qualcomm's unique features and applications could support such a development. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith