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Here's Why Spotify Stock Jumped Today

Shares of audio-streaming platform Spotify Technologies (NYSE: SPOT) jumped on Tuesday after the Swedish company reported financial results for the first quarter of 2024. As of 9:40 a.m. ET, Spotify stock was up 13% and hitting new 52-week highs.Spotify ended Q1 with 615 million monthly active users, which was slightly below analysts' expectations and...

Tue Apr 23, 2024 17:54
Billionaire Investor David Tepper Has 32% of His Portfolio Invested in These 3 Incredible Artificial Intelligence (AI) Growth Stocks

Billionaire David Tepper is one of the most successful hedge fund managers on Wall Street. He founded Appaloosa Management in 1993 and eventually became a self-made billionaire. Over the last few years, he's returned much of his clients' funds, so Appaloosa is now primarily his own personal capital.Since Appaloosa is technically an institutional investor,...

Tue Apr 23, 2024 17:54
Can Walmart Afford Its $40 Billion in Long-Term Debt?

Walmart (NYSE: WMT) is the biggest company by revenue on the planet, but the thousands of superstores it operates don't come without costs.Walmart has over 2 million employees and spends billions of dollars on capital expenditures each year to maintain and refurbish its stores and distribution centers, and build new ones.In order to fund those expenditures,...

Tue Apr 23, 2024 17:54
1 Stock That Turned $2,400 Into $1 Million

Building a $1 million position in a stock isn't as hard as you might think, and it doesn't require a huge initial investment. However, you'll still need two key ingredients: time and solid, consistent returns. Find a business that can steadily build market share and earnings power over several decades, and you've got a great shot at seeing life-changing...

Tue Apr 23, 2024 17:54
1 Wall Street Analyst Thinks Bank of America Stock Is Going to $42. Is It a Buy?

Bank of America (NYSE: BAC) recently disappointed the market with its first-quarter earnings report as the stock fell 3.5% in a day. The nation's No. 2 bank by assets beat Wall Street estimates but reported a decline in net interest income due to higher deposit rates.Overall deposits were down 7%, and charge-offs were up 26% from the previous quarter...

Tue Apr 23, 2024 16:53
Is It Time to Buy ASML Stock Yet?

Shares of top lithography equipment maker ASML Holding (NASDAQ: ASML) took a steep tumble after earnings in mid-April, halving what was a heady 30% run-up in the first few months of 2024. ASML is still sporting big gains so far during the new bull market, but some investors are nevertheless suddenly concerned about the company's financial outlook.ASML...

Tue Apr 23, 2024 16:53

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