In the past week:
- The fall of Syria’s Assad boosted oil and gold prices. But gasoline prices dropped to a multiyear low.
- Inflation grew in November. Egg prices have soared. Yet consumer sentiment rose despite expected inflation growth. And small business optimism hit a multiyear high.
- Tesla stock and the Nasdaq hit record highs. Stellantis teamed with a Chinese company to build a battery plant in Spain. GM halted robotaxi development.
- Nvidia stock slipped on news of a Chinese antitrust probe, though the chipmaker boosted hiring there. Boeing announced layoffs.
- A federal judge blocked the Albertsons-Kroger merger. Mondelez reportedly offered to acquire Hershey.
- Macy’s cut its full-year outlook. Gamestock swung to a profit. Walgreens considered going private. Costco sales slumped in the latest quarter.
- Warner Bros Discover announced a reorganization. YouTube TV’s price jumped 14%.
- The FDA mulled a ban on popular food dyes. The CFPB set limits on bank overdraft fees.
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EQT Corp. (NYSE: EQT), Vistra Corp. (NYSE: VST), and other dividend-paying Jim Cramer stock picks had strong November performances and are likely to follow through in December. Note that they all have Buy ratings at top Wall Street firms as well.
The status of Nvidia Corp. (NASDAQ: NVDA) as the preeminent artificial intelligence (AI) stock in the market has led to a surging valuation. The question for investors is when the company might entertain another stock split. Is that even something investors should be focused on right now?
Billionaires buying and selling stocks is a big deal. It has become a sport on Wall Street for investors to follow stock trades of the wealthy. For instance, Bill Gates’s foundation has handily reduced its Microsoft Corp. (NASDAQ: MSFT) holdings. See what it is acquiring instead.
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