This past week, many of the big-name mega-cap technology companies (companies with market capitalization exceeding $200 billion which represents the total value of all outstanding shares) that have driven the indexes to record heights all year long lost favour with investors. In fact, much of this past week’s declines can be attributed to these same companies. This includes Alphabet (NASD: GOOGL), Amazon.com (NASD: AMZN), Apple (NASD: AAPL), Microsoft (NASD: MSFT) and Nvidia (NASD: NVDA).
Tag: nvda
Weekly Update for the week ending July 5, 2024
As we pass the halfway mark of the year, it is encouraging to know that the stock market typically performs better during the summer months, with July often cited as one of the strongest. Several compelling reasons contribute to this trend. Let’s take a look.
Weekly Update for the week ending June 28, 2024
I am very happy with the nearly 19% gain in Microsoft’s (NASD: MSFT) share price since the start of the year. Normally, that would be a fantastic return for six months. But compared to the performance of another tech giant – Nvidia (NASD: NVDA) – it is modest. Nvidia is experiencing extraordinary times, thanks to […]
Weekly Update for the week ending June 21, 2024
Since I have been doing this investing blog, I have often read of various central banks’ target of a 2% rate of inflation. This is the figure that the Bank of Canada, the US Federal Reserve, European Central Bank, and other central banks often site. It got me to wondering why 2%? Was it arbitrary […]
Weekly Update for the week ending June 14, 2024
Over the last few weeks, I have been writing about common questions people ask when they first start investing. From ‘What is Investing?’ to today’s topic of ‘When should I start investing?’ with a few more questions to come in the next few weeks. While answering these questions, it occurred to me: before people even […]
Weekly Update for the week ending June 7, 2024
This week’s update kicks off with some promising news that could impact your future investments and for borrowers across the board, whether they are individuals with mortgages, personal loans, or businesses with loans. As anticipated, the Bank of Canada trimmed the Canadian benchmark interest rate by 0.25%. While it may seem like a small adjustment, it is a step in the right direction. Additionally, positive developments emerged on the US economic front, indicating a cooling job market, which often signals a slowdown in the US economy. This shift raises the possibility of a rate cut in the US later this fall.