Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Courtesy of a software-driven, data-centric approach that helps customers build their cloud architecture, Arista Networks, Inc. ANET has surged 95.3% over the past year compared with the industry’s growth of 69.5%. It has also outperformed its peers like Juniper Networks, Inc. JNPR and Cisco Systems, Inc. CSCO over this period.
Arista continues to benefit from strong momentum and diversification across its top verticals and product lines with an improved market demand supported by a flexible business model and solid cash flow. As more and more business enterprises transition to the cloud, the company is well-poised for growth in data-driven cloud networking business with proactive platforms and predictive operations.
One-Year Price Performance
ANET Solutions Gaining Solid Market Traction
Arista holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200-and-400-gig high-performance switching products.
Additionally, Arista offers one of the broadest product lines of data center and campus Ethernet switches and routers in the industry. It provides routing and switching platforms with industry-leading capacity, low latency, port density and power efficiency. The company also innovates in areas such as deep packet buffers, embedded optics and reversible cooling.
Arista is witnessing solid demand trends among enterprise customers backed by its multi-domain modern software approach, which is built upon its unique and differentiating foundation, the single EOS (Extensible Operating System) and CloudVision stack. The versatility of Arista’s unified software stack across various use cases, including WAN routing and campus and data center infrastructure, sets it apart from other competitors in the industry. This, in turn, has translated into solid revenue growth for the company over the years.
Cloud-Native Cognitive Software: ANET’s Key Focus
Arista continues benefiting from the expanding cloud networking market, driven by strong demand for scalable infrastructure. In addition to high capacity and easy availability, its cloud networking solutions promise predictable performance and programmability, enabling integration with third-party applications for network management, automation and orchestration.
With customers deploying transformative cloud networking solutions, the company has announced several additions to its multi-cloud and cloud-native software product family with CloudEOS Edge. It has introduced cognitive Wi-Fi software that delivers intelligent application identification, automated troubleshooting and location services. This supports video conferencing applications like Microsoft Teams and Zoom.
ANET Launches EOS Smart AI Suite
Arista recently launched Etherlink AI platforms for optimal network performance across the most demanding AI workloads, including training and inferencing. Powered by new AI-optimized Arista EOS features, the new product portfolio can support more than 100,000 XPUs with 2-tier network topologies. This delivers superior application performance compared to more complex multi-tier networks while offering advanced monitoring capabilities, including flow-level visibility.
In addition, the company aims to provide the ideal accelerator-agnostic solution for AI clusters of any shape or size, providing flexible options for fixed, modular and distributed switching platforms. The EOS Smart AI suite will enable customers to have a single 800G end-to-end technology platform across front-end, training, inference and storage networks with AI-grade robustness and protection to high-value AI clusters and workloads.
In collaboration with NVIDIA Corporation NVDA, Arista aims to build optimal generative AI networks with lower job completion times that customers can easily configure and manage. The Arista EOS-based agent enables the network and the host to communicate with each other, facilitating a single point of control and visibility across an AI Data Center. This remote AI agent, hosted directly on an NVIDIA BlueField-3 SuperNIC or running on the server and collecting telemetry from the SuperNIC, allows EOS to configure, monitor and debug network problems on the server, ensuring end-to-end AI communication and optimization.
Estimate Revision Trend of ANET
Earnings estimates for Arista for 2024 have moved up 23.4% to $8.24 over the past year, while the same for 2025 has increased 22.4% to $9.24. The positive estimate revision depicts optimism about the stock’s growth potential.
End Note
With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, Arista appears to be a solid investment proposition. Further, a strong emphasis on quality, diligent execution of operational plans and continuous portfolio enhancements are driving more value for customers. Steady improvement in lead times and easing of supply-chain woes are major tailwinds.
The stock delivered a trailing four-quarter average earnings surprise of 15%. Arista currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Riding on a robust earnings surprise history and favorable Zacks Rank, it appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock now.
Zacks Investment Research
The crypto market has been struggling to stage a rebound. However, the enthusiasm surrounding rate cuts saw Bitcoin (BTC), the world’s most popular cryptocurrency, surging above $60,000 for the first time since last month.
Several factors have posed headwinds for Bitcoin over the past few months but market experts believe a rate cut will help the cryptocurrency resume its rally. Given this scenario, it would be ideal to adopt the buy-the-dip approach. Four such Bitcoin-centric stocks with upside are Interactive Brokers Group, Inc. IBKR, Robinhood Markets, Inc. HOOD, CME Group Inc.’s CME, BlackRock, Inc. BLK and NVIDIA Corporation NVDA.
Bitcoin Surges on Rate Cut Hopes
On Tuesday, Bitcoin was trading at $60,477.98 after hitting an intra-day high of $61,337. The surge came as the Federal Reserve began its two-day FOMC meeting, with expectations high that a rate cut will be announced on Wednesday.
Bitcoin has been rangebound since April, with even the halving event failing to boost its price. Halving, which typically cuts the reward for mining new Bitcoin blocks by 50% to limit the total supply to 21 million, generally boosts demand and prices. However, Bitcoin's value dropped notably after the recent halving.
In early August, a broader market bloodbath saw Bitcoin’s price fall below $55,000. The cryptocurrency has since been trying to rebound.
Rate Cut to Boost Crypto-Centric Stocks
Soft August jobs data and a marginal rise in monthly inflation have somewhat dampened hopes of a 50-basis point rate cut by the Federal Reserve. The CME FedWatch tool presently shows a 63% possibility of a 25-basis point cut this week, while a 37% probability of a 50-basis point cut.
Bitcoin had a solid 2023 and despite its recent decline, has gained 43% year to date. It hit an all-time high of $73,750 on March 14.
A rate cut is likely to help Bitcoin and other cryptocurrencies. A rate cut of any size bodes well for growth assets like cryptocurrencies as they reduce the opportunity cost of holding assets that don’t provide yields. In a low-interest-rate environment, investors are more inclined to go for assets with higher potential returns, even if they involve greater risk.
Five Crypto-Centric Stocks to Gain
We have narrowed our search to five crypto-oriented stocks that have strong potential for 2024. Each of our picks carries either a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Interactive Brokers Group, Inc.
Interactive Brokers Group, Inc. is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies. IBKR’s commodities futures trading desk also offers customers a chance to trade cryptocurrency futures.
Interactive Brokers Group has an expected earnings growth rate of 18.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 60 days. IBKR currently carries a Zacks Rank #2.
Robinhood Markets, Inc.
Robinhood Markets, Inc. operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using its Robinhood Crypto platform.
Robinhood Markets’ expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 38.2% over the last 60 days. Robinhood Markets currently carries a Zacks Rank #2.
CME Group Inc.
CME Group Inc.’s options give the buyer of the call/put the right to buy/sell cryptocurrency futures contracts at a specific price at some future date. CME offers Bitcoin and ether options based on the exchange's cash-settled standard and micro-Bitcoin and Ethereum futures contracts.
CME Group’s expected earnings growth rate for the current year is 6.4%. The Zacks Consensus Estimate for current-year earnings has improved 1.5% over the last 60 days. CME presently has a Zacks Rank #3.
BlackRock, Inc.
BlackRock, Inc. is one of the world’s largest investment managers and is publicly owned. BLK was one of the first companies from the traditional market to join the Bitcoin ETF race back in June 2023.
BlackRock’s expected earnings growth rate for the current year is 9.5%. The Zacks Consensus Estimate for current-year earnings has improved 10.3% over the last 60 days. BlackRock currently carries a Zacks Rank #3.
NVIDIA Corporation
NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, NVDA’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.
NVIDIA has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.1% over the last 60 days. NVDA presently carries a Zacks Rank #3.
Zacks Investment Research
Salesforce Inc shares are trading slightly higher Wednesday. The company announced a collaboration with NVIDIA Corp to advance AI agent innovation.
What Happened: Salesforce and Nvidia announced a collaboration to develop AI capabilities for the enterprise with autonomous agent and interactive avatar experiences.
The two companies plan to work together to deliver optimized predictive and generative AI workflows by combining the capabilities of Nvidia’s AI platform with the Salesforce platform and Agentforce.
“Together with NVIDIA, we’re leading the third wave of the AI revolution — moving beyond copilots to humans and intelligent agents working seamlessly to drive customer success,” said Marc Benioff, chair and CEO of Salesforce.
“This is what AI is meant to be — powered by the Salesforce Platform and Agentforce, every Trailblazer can harness AI to its fullest potential. By combining NVIDIA’s AI platform with Agentforce, we’re supercharging AI performance and creating dynamic digital avatars, delivering more engaging, intelligent, and immersive customer experiences than ever before.”
Don’t Miss: Google Wins $1.7B EU Antitrust Fine Appeal Over 5-Year-Old Online Search Advertising Case
As a result of the collaboration, organizations will gain access to next-generation AI, Salesforce customers will see accelerated value from AI investments and businesses will be able to improve productivity and effectiveness of interactions across industries.
Use cases for AI agents include crisis management, real-time weather impact for travel and logistics and real-time customer support resolutions. Use cases for AI-powered avatars include real-time sales coaching feedback, live event management and employee training assistance.
“In the future, every company, every job will be enhanced by a wide range of AI agents – assistants that will transform how we work,” said Jensen Huang, CEO of Nvidia.
CRM Price Action: Salesforce shares were up 0.83% at $257.30 at the time of publication, according to Benzinga Pro.
Photo: courtesy of Salesforce.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Technology stocks were flat to higher premarket Wednesday as the SPDR S&P Semiconductor ETF was inactive and the Technology Select Sector SPDR Fund was up 0.4% recently.
PowerFleet shares advanced by over 5% after the company said it has agreed to acquire Fleet Complete, a vehicle technology and fleet management firm, in a deal valued at $200 million.
Salesforce shares were up more than 1% after the company and Nvidia said they are developing advanced AI capabilities for enterprises, focusing on autonomous agents and interactive avatars.
Clarivate shares were 1% higher after the company said it has launched its Primo Research Assistant, a generative AI-powered academic research tool.
For Immediate Releases
Chicago, IL – September 18, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Micron Technology, Inc. MU, Morgan Stanley MS and NVIDIA Corporation NVDA.
Here are highlights from Wednesday’s Analyst Blog:
Death Cross for MU Stock: Time to Buy Micron Based on Fundamentals?
One of the leading providers of semiconductor memory solutions, Micron Technology, Inc., recently flashed a bearish chart pattern after an eminent investment bank cut off its price target. So, what’s next for Micron investors? Shall they sell the stock or have faith in Micron’s fundamentals and hang on to it? Let’s see –
Micron Stock Is Falling; Death Cross Pattern Appears
Micron’s shares and an array of other semiconductor stocks took a beating on Monday. The Micron stock slumped 4.4% and a death cross chart pattern appeared. The short-term 50-day moving average (DMA) went below the long-term 200-DMA, indicating an imminent downtrend.
Micron’s stock closed at $87.18 yesterday, while the 50-DMA was $104 below the 200-DMA at $104.75. For the Micron stock, such a death cross pattern happened for the first time since April 28, 2022.
Bearish bets have increased on the Micron stock, with analysts at Morgan Stanley slashing the price target as they remain pessimistic about the computer memory maker’s earnings growth in the coming quarters. Morgan Stanley said the Micron stock was $140 a share. But now they expect the shares to be as little as $100.
Will Micron Stock Turn Around?
Micron is known to be a cyclical stock, so naturally, the stock would face volatility along with the economy. However, the long term bodes well for the Micron stock mostly because of the boom in artificial intelligence (AI). After all, AI needs data centers that require a lot of memory, and Micron is a memory specialist.
In AI graphic cards, Micron’s high-bandwidth memory chips (HBM) are used by tech behemoths like NVIDIA Corporation. The AI industry is expected to grow beyond $184 billion in the current year and surpass $826 billion by 2030, according to Statista.
Management is optimistic about Micron’s HBM chips, and they are expecting the HBM market to notch $86 billion in revenues by 2030 from a meager $1.8 billion last year, a CAGR of 68%.
Management also confirmed that the company has already utilized its full production capacity to fulfill the ever-growing demand for HBM chips. Interestingly, Morgan Stanley analysts still believe that strong demand by AI companies for HBM chips will boost Micron’s bottom line.
What Fundamentals Say About MU Stock?
Micron is a cash-rich company. This helps the company get involved in tactical acquisitions and other growth initiatives that enhance shareholders’ wealth. The company’s cash and investments came in at a solid $9.2 billion in the fiscal third quarter of 2024.
Micron’s revenues are also expected to improve since the demand for DRAM memory is widely projected to be soon at an all-time high. As a result, the $1.20 Zacks Consensus Estimate for MU’s earnings per share is up 160.3% yearly.
Buy, Hold or Sell MU Stock?
Based on a strong cash balance, and an increase in demand for HBM chips, it’s just a matter of time before the Micron stock would bounce back. Moreover, the Micron stock is less pricey than its peers, encouraging one to buy the dip without burning a hole in the pocket. Per the price/earnings ratio, MU trades at 9.3X forward earnings, while the Semiconductor Memory industry’s forward earnings multiple is 10.4X.
However, if a death cross is playing on your mind, and has apprehensions about Micron stock’s present performance, it’s prudent to wait for an opportune moment to buy the stock. Those who have already bought it, don’t panic, investment in Micron would be beneficial in the long run. Micron has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research
** The BlackRock BLK.N-Microsoft MSFT.O$30 bln AI-focused fund can "meaningfully grow" BLK's private markets business, Morgan Stanley says
** Brokerage maintains PT of $1,036, implying an upside of ~14.5% on its last close
** Fund comes on the heels of BLK's recent $12.5 bln purchase of Global Infrastructure Partners (GIP) - its biggest bet ever on private markets
** MS says BLK's ability to bring industry leaders together and partner on new opportunities in the AI/infrastructure space enhances its confidence in the worlds largest asset manager and supports its 'overweight' rating
** BLK will also partner with the Abu Dhabi government-backed investment company MGX; AI chip industry leader Nvidia NVDA.O to provide expertise
** "Financial accretion modest, but strategic accretion significant. We view the new fund as potentially 1%-2% accretive to EPS once raised and fees activated and potentially higher over time inclusive of performance fees" - MS
** Average rating of 18 brokerages for BLK is equivalent of "buy" or higher; median PT is $940 - LSEG
** Up to Tuesday's close, BLK up 11.4% YTD, compared with a ~18% increase in the S&P 500 index .SPX
(Reporting by Manya Saini in Bengaluru)
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.