Lam Research rises on AI-fueled earnings
07/28/2023 00:03Shares of Lam Research jumped as a result of the chipmaker-supplier posted better-than-expected earnings. The company cited rising AI adoption as the catalyst for increased demand. Yahoo Finance Live breaks down the numbers.
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J.P. Morgan Recommends These 2 ‘Strong Buy’ Stocks — Including One With 90% Upside Potential
Despite the market’s big comeback in 2023, there is still one issue keeping positive sentiment in check; the prospect of a looming recession remains real. Nevertheless, J.P. Morgan Wealth Management’s Global Investment Strategist Elyse Ausenbaugh thinks investors have reason to be upbeat. “There are actually a lot of things for investors to feel pretty good about right now – starting with the economy,” Ausenbaugh opined. “In spite of higher interest rates, the economy has stayed a lot more resil
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Royal Caribbean Stock Soars on Blowout Earnings. Why Cruises Are Beating Airlines.
Royal Caribbean needed something special in its earnings to keep the cruise stock’s remarkable rally going. The cruise operator’s stock has more than doubled so far in 2023, and the bar was high coming into second-quarter earnings. Royal Caribbean cited strong close-in, or short notice, demand and further strength in onboard revenue, for the strong performance.