Nvidia (ticker: NVDA) is preparing to abandonits purchase of Arm after making little to no progress in winning approval for the $40 billion acquisition, Bloomberg reported, citing people familiar with the matter. Nvidia has told partners it doesn’t expect the transaction to close, one person told Bloomberg. Nvidia shares fell 4% to $224.37 in premarket trading. Read More...
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10 Cheap Stocks for Volatile Markets
Also, cheap stocks tend to hold up well in volatile markets. Barron’s screened for the cheapest stocks in the S&P 500 based on P/E ratios. Barron’s screened the index using FactSet for the 10 cheapest stocks based on P/E ratios and turned up a varied list that includes Covid vaccine provider Moderna (MRNA), home builders Lennar (LEN) and PulteGroup (PHM), steel industry leader Nucor (NUE), fertilizer producer Mosaic (MOS), and energy companies APA (APA), formerly Apache, and Coterra Energy (CTRA).
