Good MorningEquities markets shrugged off risk in favor of values last week, driving the S&P 500 up more than 1% to set a new all-time high. The move signals a continuation of existing trends and sets the index on track to rise another 5% to 10% this year. The target is now S&P 500 at 6,000, which may be reached before December.
Among the drivers of the price action was earnings from the Big Banks. Depending on the viewpoint, the results are better than expected or not as bad as feared, pointing to sustained growth for the S&P 500. However, it remains a stock-pickers market with internal details and results from other sectors suggesting weakness in some areas and strength in others. Results from Fastenal show contraction in key end markets related to manufacturing, construction, and consumer goods offset by strength in maintenance and safety products. The takeaway for investors is that large caps remain the focus. Featured: Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown” (Paradigm Press) 
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The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail investors. However, most of the time, these sales are part of a previously disclosed plan and disclo... Read the Full Story |
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After years of economic headwinds, China is making a comeback, with the government's newly announced stimulus measures igniting a significant rally across Chinese equities. Among the sectors benefiting from this momentum are electric vehicle (EV) automakers, which have surged in the wake of this e... Read the Full Story |
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Stocks | | | U.S. stocks rose to records Friday as big banks rallied following a run of reassuring profit reports.The S&P 500 climbed 0.6% to top its all-time high set earlier in the week and close out its fifth straight winning week, while the Dow Jones Industrial Average jumped 409 points, or 1%, to set i... Read the Full Story |
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Stocks | | | Wall Street rolled to more records Monday as U.S. stocks added to their all-time highs.The S&P 500 climbed 0.8% to build on its record set on Friday. It’s coming off its fifth straight winning week and is on track for its longest weekly winning streak of the year.The Dow Jones Industrial Average... Read the Full Story |
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Markets | | | The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for.Lan's remarks left the door open for such a plan in the future but he did... Read the Full Story |
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The size of the pharmaceutical industry in the U.S. in 2023 was estimated to be nearly $575 billion, with an anticipated compound growth rate of about 5.5% through 2030. This key component of the healthcare sector includes both small biotech firms working to develop specialized treatments and much... Read the Full Story |
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Markets | | | China’s exports slowed sharply in September as global demand weakened, adding to worries over how to recharge growth in the world’s second-largest economy. Exports rose 2.4% in dollar terms from a year earlier last month, down from 8.7% year-on-year growth in August, the Chinese customs office repor... Read the Full Story |
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Fastenal (NASDAQ: FAST) stock has increased more than 250% since 2016 due to customer growth, the growing number of Onsite locations, deepening service penetration, and improving business metrics. The rally in stock prices can continue because those factors continue to drive results. The 2024 re... Read the Full Story |
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In a year and a half, Eli Lilly (NYSE: LLY) has roughly doubled in value. It is now the most valuable pharmaceutical company in the world. It took that mantle from the long-held dominance by Johnson and Johnson (NYSE: JNJ) back in May of 2023 and hasn’t looked back since. However, much of ... Read the Full Story |
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Markets | | | JPMorgan's net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading.Net income fell to $12.9 billion from $13.2 billion in the year-ago quarter, the New York bank said Friday. H... Read the Full Story |
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Monday's Early Bird Stock Of The Day Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores. It also provides oven-baked sandwiches, pastas, boneless chicken and chicken wings, breads and dips, desserts, and soft drink products, as well as loaded tots and pepperoni stuffed cheesy breads. Domino's Pizza, Inc. was founded in 1960 and is headquartered in Ann Arbor, Michigan. | | View Today's Stock Pick |
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