In the past week:
- Strikes and storms had an impact on the October jobs report. Third-quarter GDP was lower than expected, but consumer confidence surged. And inflation neared the Federal Reserve’s target.
- McDonald’s posted better-than-expected quarterly results. Pfizer beat profit estimates and raised its guidance. Amazon had a strong earnings report, and Alphabet crushed expectations. Reddit posted its first profit.
- Ford cut its profit outlook. Apple, Exxon, and PayPal posted mixed results. Disappointing weight-loss drug sales dragged on Eli Lilly results. Chipotle sales fell short of projections. Microsoft offered weak guidance, and Meta’s AI spending concerned investors.
- Boeing raised $21 billion with a new share offering. Volkswagen planned plant closures in Germany. JPMorgan sued customers who cashed in on ATM glitch. Comcast mulled a spinoff. Peloton named a new CEO.
- Starbucks threatened to fire staff who do not return to the office, and the CEO pledged strategic changes to its business model.
- Europe imposed higher tariffs on Chinese EVs. Iceland’s economy boomed after a shift to a four-day workweek.
- Robinhood rolled out presidential election betting. Trump Media stock took investors on a rollercoaster ride. Bitcoin reached a multi-month high.
AT&T Inc. (NYSE: T), Pfizer Inc. (NYSE: PFE), Verizon Communications Inc. (NYSE: VZ), and other high-yield stocks are among those that billionaire investors and hedge fund managers have been buying as they wait for further interest rate drops.
Nvidia Corp. (NASDAQ: NVDA) stock’s recent surge to an all-time high has positioned it to potentially split once again. See why it is entirely possible this leading AI chip maker could split its stock again sooner than many think.
Several tech giants have announced stock splits this year. Yet, Microsoft Corp. (NASDAQ: MSFT) has not split its stock in over 20 years. With shares trading above $400 apiece, it may be next in line to surprise the market with an announcement.
Ford Motor Co. (NYSE: F), Walgreens Boots Alliance Inc. (NYSE: WBA), and other high-yield blue chip dividend stocks that are trading for less than $20 a share offer safety and dependable dividends. They all look like tremendous values now.
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