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3 Tech Stocks To Watch This Week

Could these tech players make for good investments amidst the current weakness in tech?
The post 3 Tech Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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Do You Have These Top Tech Stocks In Your Portfolio?

While 2020 was a banner year for tech stocks, the sector appears to be taking a breather this year. Sure, when thinking of hot stocks to buy now in the stock market, most would be turning towards reopening plays. After all, pandemic conditions continue to improve locally, and consumers are keen to spend their saved-up funds this summer. However, as tech stocks continue to find solid footing this year, some investors may see an opportunity.

This could be the case seeing as some of the top names in tech continue to innovate regardless of their stock performance. For instance, tech giant Microsoft (NASDAQ: MSFT) recently launched its first cybersecurity executive council in the Asia Pacific region. This move would be in line with the recent surge in cyberattacks globally over the past few months. Not only are digital threats increasing in frequency, but they are also growing in terms of scale. To combat this, enterprise tech companies such as ServiceNow (NYSE: NOW) continue to bolster their existing collaborations with Microsoft on the cybersecurity front as well. At the same time, private equity firms also see massive value in tech companies. The recent $5.3 billion acquisition of cloud computing company Cloudera (NYSE: CLDR) by Clayton, Dubilier & Rice, and KKR would be a prime example of this.

Not to mention, blockchain tech companies such as Coinbase (NASDAQ: COIN) continue to make headlines right now. Yesterday, the company made two significant announcements. Firstly, users can now add Coinbase cards into their Apple Pay (NASDAQ: AAPL) and Google Pay (NASDAQ: GOOGL) digital wallets. Next, the cryptocurrency exchange platform will allow Pro users to trade Dogecoin starting this week. Overall, the tech industry is clearly not short on exciting news for investors to jump on now. As such, here are three in focus in the stock market today.

Tech Stocks To Buy [Or Avoid] In June 2021

Nvidia Corporation

Right off the bat, we will be looking at semiconductor chip maker, Nvidia. In short, the company designs and markets graphics processing units (GPUs) and system-on-a-chip (SoC) units. Through its GPUs, Nvidia caters to the needs of the consumer gaming and cryptocurrency mining industries. At the same time, the company’s SoCs serve as vital components in the mobile computing and automotive manufacturing industries. Given the increasing demand for Nvidia’s wares across several markets, NVDA stock could be a viable play for tech investors now.

Source: TD Ameritrade TOS

In fact, investors could be eyeing the company’s shares now thanks to its latest announcement. Namely, Nvidia will be launching its RTX 3080 Ti (Ti) premium GPU tomorrow at a retail price of $1,199. According to Nvidia, the Ti delivers 1.5 times the performance over its previous generation predecessor. Now, there is still immense demand for the company’s current RTX 30 lineup. Because of that, it would not surprise me to see the Ti selling out soon as well.

Furthermore, Nvidia mostly saw green across the board in its recent quarter results posted last week. In it, the company saw massive year-over-year surges of 83% in total revenue and 108% in net income. Nvidia posted an earnings per share of $3.03 on revenue of over $5.6 billion, beating consensus estimates. Now, as semiconductor chip makers ramp up production to meet rising consumer orders, NVDA stock could be in focus. Having read all this, would you consider it worth investing in now?

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Canaan Inc.

Another tech company making waves on the stock market now would be Canaan Inc. For some context, Canaan is a China-based computer hardware manufacturer. Essentially, Canaan specializes in producing blockchain server tech and application-specific integrated circuit solutions. The likes of which serve as vital components of Bitcoin mining operations. On top of all that, the company also has an active artificial intelligence (AI) division that works on creating AI-based chips. Yesterday, CAN stock surged by over 22% during intraday trading. Investors appear to be reacting to its latest quarter results.

best tech stocks (CAN stock)
Source: TD Ameritrade TOS

Notably, the company posted a blowout quarter. In terms of total net revenue, Canaan saw a massive 489% surge year-over-year. This was followed by a 122.2% increase in total computer power sold over the same period. According to CEO Nangeng Zhang, the recent rally in Bitcoin’s price drove customer demand for its mining machines higher during the quarter. Zhang also explained that Canaan strategically improved its mining machines by improving key foundry partnerships. Because of this, the company also ended the quarter with “a large number of pre-orders from long-term clients”, significantly enhancing Canaan’s cash position.

In the long run, we could be looking at exciting times ahead for Canaan. If anything, this would be thanks to its growing global customer base. Throughout the quarter, Canaan saw its revenues generated from overseas markets surge by 78.4% year-over-year. Subsequently, Canaan plans to continue investing in its overseas customers to help grow its core business now. Would all this make CAN stock a buy for you?

[Read More] 3 Value Stocks To Watch Right Now

C3Ai. Inc.

Following that, we have C3Ai Inc., a leading provider of enterprise AI software for accelerating digital transformation. The California-based company offers organizations a comprehensive stack of integrated services. In particular, this includes its C3Ai Suite, Applications, CRM, and Ex Machina. The applications for its services range from large-scale AI app development, industry-specific software-as-a-service AI utilities and customer relationship management infrastructure. Not to mention, the company’s Ex Machina service acts as a no-code AI solution, applying data science to everyday issues in businesses. More importantly, investors appear to be flocking towards AI stock now seeing as it jumped by over 16% Tuesday.

best tech stocks to buy now (AI stock)
Source: TD Ameritrade TOS

All this would likely be thanks to its latest partnership expansion. Specifically, C3Ai and Royal Dutch Shell (NYSE: RDS-A) revealed a five-year renewal of their existing agreement. Now, the primary focus of the current deal would be to accelerate the deployment of C3Ai’s enterprise applications across Shell. In theory, C3Ai’s services would help address reliability, asset integrity, and process optimization across Shell’s businesses via the Shell.ai program.

Shell CTO Yuri Sebregts had this to say, “The Shell.ai program has been a foundational element in the development of our digital strategy, and C3Ai has been a key partner in helping to scale our innovative products.” With Shell looking to drive cleaner energy and climate initiatives now, its partnership with C3.Ai is likely more crucial than ever. All in all, this is a solid play by C3.Ai as it continues to work with an oil industry giant. Given all of this, will you be adding AI stock to your portfolio now?

The post 3 Tech Stocks To Watch This Week appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

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The Coming Of The Police State In America

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now…

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The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now patrolling the New York City subway system in an attempt to do something about the explosion of crime. As part of this, there are bag checks and new surveillance of all passengers. No legislation, no debate, just an edict from the mayor.

Many citizens who rely on this system for transportation might welcome this. It’s a city of strict gun control, and no one knows for sure if they have the right to defend themselves. Merchants have been harassed and even arrested for trying to stop looting and pillaging in their own shops.

The message has been sent: Only the police can do this job. Whether they do it or not is another matter.

Things on the subway system have gotten crazy. If you know it well, you can manage to travel safely, but visitors to the city who take the wrong train at the wrong time are taking grave risks.

In actual fact, it’s guaranteed that this will only end in confiscating knives and other things that people carry in order to protect themselves while leaving the actual criminals even more free to prey on citizens.

The law-abiding will suffer and the criminals will grow more numerous. It will not end well.

When you step back from the details, what we have is the dawning of a genuine police state in the United States. It only starts in New York City. Where is the Guard going to be deployed next? Anywhere is possible.

If the crime is bad enough, citizens will welcome it. It must have been this way in most times and places that when the police state arrives, the people cheer.

We will all have our own stories of how this came to be. Some might begin with the passage of the Patriot Act and the establishment of the Department of Homeland Security in 2001. Some will focus on gun control and the taking away of citizens’ rights to defend themselves.

My own version of events is closer in time. It began four years ago this month with lockdowns. That’s what shattered the capacity of civil society to function in the United States. Everything that has happened since follows like one domino tumbling after another.

It goes like this:

1) lockdown,

2) loss of moral compass and spreading of loneliness and nihilism,

3) rioting resulting from citizen frustration, 4) police absent because of ideological hectoring,

5) a rise in uncontrolled immigration/refugees,

6) an epidemic of ill health from substance abuse and otherwise,

7) businesses flee the city

8) cities fall into decay, and that results in

9) more surveillance and police state.

The 10th stage is the sacking of liberty and civilization itself.

It doesn’t fall out this way at every point in history, but this seems like a solid outline of what happened in this case. Four years is a very short period of time to see all of this unfold. But it is a fact that New York City was more-or-less civilized only four years ago. No one could have predicted that it would come to this so quickly.

But once the lockdowns happened, all bets were off. Here we had a policy that most directly trampled on all freedoms that we had taken for granted. Schools, businesses, and churches were slammed shut, with various levels of enforcement. The entire workforce was divided between essential and nonessential, and there was widespread confusion about who precisely was in charge of designating and enforcing this.

It felt like martial law at the time, as if all normal civilian law had been displaced by something else. That something had to do with public health, but there was clearly more going on, because suddenly our social media posts were censored and we were being asked to do things that made no sense, such as mask up for a virus that evaded mask protection and walk in only one direction in grocery aisles.

Vast amounts of the white-collar workforce stayed home—and their kids, too—until it became too much to bear. The city became a ghost town. Most U.S. cities were the same.

As the months of disaster rolled on, the captives were let out of their houses for the summer in order to protest racism but no other reason. As a way of excusing this, the same public health authorities said that racism was a virus as bad as COVID-19, so therefore it was permitted.

The protests had turned to riots in many cities, and the police were being defunded and discouraged to do anything about the problem. Citizens watched in horror as downtowns burned and drug-crazed freaks took over whole sections of cities. It was like every standard of decency had been zapped out of an entire swath of the population.

Meanwhile, large checks were arriving in people’s bank accounts, defying every normal economic expectation. How could people not be working and get their bank accounts more flush with cash than ever? There was a new law that didn’t even require that people pay rent. How weird was that? Even student loans didn’t need to be paid.

By the fall, recess from lockdown was over and everyone was told to go home again. But this time they had a job to do: They were supposed to vote. Not at the polling places, because going there would only spread germs, or so the media said. When the voting results finally came in, it was the absentee ballots that swung the election in favor of the opposition party that actually wanted more lockdowns and eventually pushed vaccine mandates on the whole population.

The new party in control took note of the large population movements out of cities and states that they controlled. This would have a large effect on voting patterns in the future. But they had a plan. They would open the borders to millions of people in the guise of caring for refugees. These new warm bodies would become voters in time and certainly count on the census when it came time to reapportion political power.

Meanwhile, the native population had begun to swim in ill health from substance abuse, widespread depression, and demoralization, plus vaccine injury. This increased dependency on the very institutions that had caused the problem in the first place: the medical/scientific establishment.

The rise of crime drove the small businesses out of the city. They had barely survived the lockdowns, but they certainly could not survive the crime epidemic. This undermined the tax base of the city and allowed the criminals to take further control.

The same cities became sanctuaries for the waves of migrants sacking the country, and partisan mayors actually used tax dollars to house these invaders in high-end hotels in the name of having compassion for the stranger. Citizens were pushed out to make way for rampaging migrant hordes, as incredible as this seems.

But with that, of course, crime rose ever further, inciting citizen anger and providing a pretext to bring in the police state in the form of the National Guard, now tasked with cracking down on crime in the transportation system.

What’s the next step? It’s probably already here: mass surveillance and censorship, plus ever-expanding police power. This will be accompanied by further population movements, as those with the means to do so flee the city and even the country and leave it for everyone else to suffer.

As I tell the story, all of this seems inevitable. It is not. It could have been stopped at any point. A wise and prudent political leadership could have admitted the error from the beginning and called on the country to rediscover freedom, decency, and the difference between right and wrong. But ego and pride stopped that from happening, and we are left with the consequences.

The government grows ever bigger and civil society ever less capable of managing itself in large urban centers. Disaster is unfolding in real time, mitigated only by a rising stock market and a financial system that has yet to fall apart completely.

Are we at the middle stages of total collapse, or at the point where the population and people in leadership positions wise up and decide to put an end to the downward slide? It’s hard to know. But this much we do know: There is a growing pocket of resistance out there that is fed up and refuses to sit by and watch this great country be sacked and taken over by everything it was set up to prevent.

Tyler Durden Sat, 03/09/2024 - 16:20

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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