🦉 A.I. ETF Sold Out Of Monster Energy, Three Ways To Look At It
The Artificial Intelligence driven ETF (Exchange Traded Fund) AMOM (NYSEARCA: AMOM) has released its latest holdings list, making a surprising pivot into some consumer names and equally unexpected rotations out of others. Of course, the largest holding within this fund was NVIDIA (NASDAQ: NVDA), as the company reached a record one trillion dollar market capitalization amid the new rush of interest in its chips, enabling the new wave of generative artificial intelligence technology. What shocks Monster Beverage (NASDAQ: MNST) shareholders is that the fund sold out of its entire position, which previously represented a mere 2.72% of holdings. .
Equity markets advanced on Thursday after a resolution to the debt ceiling deal emerged. The S&P 500 gained almost 1.0% by the end of the day and is on track to set a new high in the coming week. The caveat for traders and investors is that the index is still below the critical 4,300 mark and may not be able to advance beyond it.
The NFP report will dominate Friday's action. The NFP is expected to moderate job growth, an uptick in unemployment and ongoing wage inflation. The news, as expected, suggests a slowing in the economy but does not give the FOMC much leeway regarding interest rates. With inflation still running hot, the FOMC will have to keep rates higher, which will continue to pressure S&P 500 earnings.
The Artificial Intelligence driven ETF (Exchange Traded Fund) AMOM (NYSEARCA: AMOM) has released its latest holdings list, making a surprising pivot into some consumer names and equally unexpected rotations out of others. Of course, the largest holding within this fund was NVIDIA (NASDAQ: NVDA), as the company reached a record one trillion dollar market capitalization amid the new rush of interest in its chips, enabling the new wave of generative artificial intelligence technology. What shocks Monster Beverage (NASDAQ: MNST) shareholders is that the fund sold out of its entire position, which previously represented a mere 2.72% of holdings.
Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned Thursday. The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled their money en masse. The Federal Deposit Insurance Corporation insures bank accounts up to $250,000. But money stored in Venmo or CashApp or Apple Cash is not being held in a traditional bank account.
Chinese e-commerce giant Alibaba Group Holdings Ltd. (NASDAQ: BABA) announced in November 2022 that it would be spinning off six companies. Ali Baba has been referred to as the Amazon.com Inc. (NASDAQ: AMZN) of China. It is the second largest e-commerce company in China, behind Meituan. Alibaba stated that it was restructuring as a holding company focused on capital management. The company seeks to focus on its core business and enhance shareholder returns. Complying with Regulators However, regulatory scrutiny is also a significant factor. The company paid RMB18.23 billion or $2.8 billion to settle anti-trust violations to Chinese regulators in 2021.
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite!
Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Dollar General, with nearly 19,000 locations across the country, is one of the fastest-growing retailers in America. However, the discount retailer has recently come under fire for a slew of workplace safety violations.Since 2017, Dollar General has been hit with more than $21 million in proposed fines from the Occupational Safety and Health Administration (OSHA), with the most recent one being a $3.4 million proposed fine in May after inspections found fire safety and electrical hazards at nine locations across four states. The agency has labeled Dollar General a "severe violator.""Dollar General continues to expose its employees to unsafe conditions at its stores across the nation," Doug Parker, assistant secretary for OSHA, said in a statement.
With the Q1 earnings reporting season all but wrapped up, it's time to start looking at the winners and losers from the period. The takeaway from the season is that results are spotty across sectors and industries, and the outlook for the 2nd half of the year continues to trend lower. The strongest sentiment regarding the analysts and their sway is in the tech sector, although fast food also stands out on Marketbeat’s list of Most Upgraded Stocks. The top of the list includes Meta Platforms (NASDAQ: META), Microsoft (NASDAQ: MSFT), NVIDIA (NASDAQ: NVDA), and Salesforce.com (NASDAQ: CRM), which have more in common than you might think.
Marc Lichtenfeld, Author of Get Rich with Dividends, is giving away his Ultimate Dividend Package, Including Details on His #1 Dividend Stock... the Safest 8% Dividend in the World... the Top Three "Extreme Dividend" Stocks... and Much, Much More.
Sean "Diddy" Combs' entrepreneurial efforts and business ventures are vast, from Sean John apparel to Bad Boy Records. But his foray into the food and spirits industry with a multi-year investment deal in vodka brand Ciroq and tequila brand DeLeon has hit a snag — the mogul is suing the labels' parent company for not investing in the products as promised.Related: Diddy Still Pays Sting $5,000 A Day For Using His Song Without Permission, 26 Years LaterDiddy filed a lawsuit in New York's Supreme Court alleging spirits behemoth Diageo North America failed to allocate as many marketing resources t...
Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company founded in 1987 by famous American Investor Carl Icahn. The company operates in various industries through various subsidiaries and affiliates, including energy, automotive, real estate, gaming, and food packaging. Some of the companies' well-known brands and businesses are Tropicana Entertainment, CVR Energy, PSC Metals, and Federal-Mogul. Creating long-term value for its shareholding by investing in companies with high growth potential and solid fundamentals has always been the focus and mission of Carl Icahn. While Car...
Naming your bakery Best Damn Cookies is a bold move, but Chef Dave Dreyfus, co-owner and head baker at Best Damn Cookies in New York City, has the credentials to back it up. A former chef at the Michelin 3-star restaurant The French Laundry, Dave shifted focus from gourmet cooking to baking cookies during the pandemic. At first, cookies were a way to cope and connect with others: He had lost his position as a private chef and wanted to help his friends and family find happiness during a dark period.Given Dave's fine-dining background, these weren't just any cookies—they featured ingredients like cardamom, nori, and roasted corn, to name a few.
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