Good MorningMarket volatility remained high on Wednesday, with the S&P 500 rebounding more than half a percent from the previous day's low. The move was driven by earnings reports, including one from Morgan Stanley. The investment bank reported better-than-expected top and bottom-line results, stimulating demand for financial stocks and other risk-on assets. Semiconductor stocks also contributed to the rebound, with shares of NVIDIA up more than 3.5% and AMD up by 1%.
The rally in equities is likely to continue through year-end because of earnings growth. The outlook for 2024 has dimmed from the peak set earlier in the year. Still, in the double-digit range, the forecast for S&P 500 earnings remains bright, with double-digit growth expected to persist in 2025: earnings fuel capital returns and capital return growth, another factor supporting the uptrend in stocks. Capital returns are expected to grow at a mid-to-high single-digit pace again in 2025, suggesting the uptrend could continue for several more quarters, if not through the end of next year.
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Stocks | | | U.S. stocks drifted around their record heights Thursday following the latest signals that the U.S. economy continues to hum. The S&P 500 finished virtually unchanged after flirting with its all-time high for much of the day. The Dow Jones Industrial Average added 161 points, or 0.4%, to its own... Read the Full Story |
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The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial ... Read the Full Story |
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Earnings season is bringing investors the most awaited stock market results, this time not only the banking sector’s status and trends but also the semiconductor and chipmaking niche of the technology sector. Last quarter, investors gathered around the country to watch earnings results from ... Read the Full Story |
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From Our PartnersDave Ramsey Is Dangerously Wrong And Here’s Why>>
Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air:
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It's a busy and exciting time for the space industry. Space stocks—companies that are engaged in activities related to space exploration—have experienced a major boost thanks to high-profile news stories. In mid-October SpaceX, the privately-held launch service, spacecraft maker, and s... Read the Full Story |
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Broadcom Inc (NASDAQ: AVGO) has been one of the standout performers in the semiconductor space over the last two years, rising by 350%. The tech titan recently hit an all-time high, underscoring its impressive momentum as we head into the final few weeks of the year.
So, what does that sa... Read the Full Story |
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From Our PartnersWelcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.
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There are many reasons to own Abbott Laboratories (NYSE: ABT), but they all boil down to one thing: consistent market-beating returns. A study published by Hendrik Bessembinder, a professor of finance at Arizona State University, found that Abbott is the 11th top-returning stock since 1937 and #... Read the Full Story |
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Markets | | | Japan racked up a trade deficit of 294.3 billion yen ($2 billion) in September, according to Finance Ministry data released Thursday, as exports fell to key destinations like China. For the first half of the April to March fiscal year, Japan’s trade deficit, or its imports subtracted from exports, w... Read the Full Story |
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Markets | | | Italy’s far-right government has approved a budget for next year of about 30 billion euros ($33 billion), which officials say will be partly funded by a levy on Italian banks and insurers.Prime Minister Giorgia Meloni said late Tuesday that the government expected to raise some 3.5 billion euros fro... Read the Full Story |
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Markets | | | The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the bloc to fall into recession as it cut borrowing costs once again after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning Read the Full Story |
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Markets | | | Inflation in the U.K. has fallen to its lowest level in more than three years, a drop that has cemented market expectations that the Bank of England will lower interest rates at its next policy meeting Read the Full Story |
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Thursday's Early Bird Stock Of The Day REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform. It also provides P7-S Strip Chassis for commercial delivery vehicles and walk-in vans; P7-C Chassis Cab and Cutway Chassis, a class 4 chassis cab fully electric commercial truck for delivery and a range of vocational applications; and P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with its all-wheel drive and all-wheel steer for vehicle control for better handling and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel. | | View Today's Stock Pick |
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