Three Key Factors That Will Impact the Stock Market in This Critical Week of the Year
3 things will influence the stock market in the most consequential week of the year The major stock benchmarks rallied Friday but were lower last week, with the Nasdaq leading the way lower after reaching new highs. In a heavy week of tech earnings, the Nasdaq lost 1.5% and broke a seven-week winning streak. The […]
5 Stocks to Consider Buying if Trump Wins—and 5 to Sell Off
5 stocks to buy if Trump wins—and 5 to sell If Donald Trump wins next week’s election and returns to the Oval Office in January, it will have direct consequences for U.S. business and the economy—and by extension for individual Americans’ stock portfolio. This means it’s a good time for investors to assess their holdings […]
Earnings and Economic Reports: Key Drivers for the Stock Market This Week
14 earnings, economic data will be the stock market movers this week It was a wild week, with the bond market in the driver’s seat. Rising yields early on gave way to some moderation, and the Nasdaq hit an all-time high on Friday. The Nasdaq did not finish above its July record-high close of 18,647 […]
Stock of Tesla drops following a lackluster response to Elon Musk’s robotaxi event
Tesla stock plunges after Elon Musk robotaxi event disappoints Investors hoped Tesla’s long-awaited robotaxi demonstration would deliver on substance and not just style. On Thursday, Elon Musk did show off real vehicles and humanoid robots who walked among guests—not just a dancer dressed in a robot bodysuit, like at the company’s “AI Day” three years […]
Saudi Arabia Increases Oil Prices for Asian Markets
Saudi Arabia Raises Oil Prices to Asia The world’s largest crude exporter, Saudi Arabia, has raised the price of its flagship grade to Asia by more than expected amid high volatility in international oil prices amid the escalating conflict in the Middle East. Saudi Aramco in the weekend raised the price of its Arab Light […]
Midday Stock Highlights: Notable Moves from RIVN, ANF, CVS, and SAVE
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent […]
PBOC Press Conference; S&P Hits New Record; RBA Rate Decision Announced
Buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty Images Hong Kong’s Hang Seng index surged over 3% on Tuesday, led by consumer non-cyclical stocks and leading gains in Asia as Beijing announced a slew of policy easing measures in a rare briefing from central […]
China’s Central Bank Unveils Series of Support Initiatives in Response to Intensifying Economic Downturn
Pan Gongsheng, governor of the People’s Bank of China, delivers a speech during the 2024 Lujiazui Forum on June 19, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR, […]
Casino Gambling is not More Lucrative Than Day…
You may have seen the chart below. It has appeared on Reddit threads, X posts, and other locations. It purports to show that casino gamblers have a better chance of turning a profit than do stock market day traders. Don’t believe your eyes. The illustration is social-media blarney. Frankenstein’s Monster The source of the graphic remains a mystery to me. Although each […]
Increasing the Meta Stock’s Fair Value through AI and Ad…
We are raising our fair value estimate for wide-moat Meta (META) to $560 from $450 after taking a fresh look at the firm’s overall business and incorporating a more optimistic outlook on the firm’s investments in artificial intelligence, especially as they relate to Meta’s ability to improve its ad-targeting business. • Fair Value Estimate: $560• […]