Good MorningEquity markets pulled back slightly on Friday after an onslaught of earnings reports. The reports are generally good, with most outperforming consensus estimates, but the margin of outperformance is tepid in light of lowered expectations. Regardless, cash flow continues to grow and drive robust capital returns. Dividends and buybacks are growing at a mid-to-high single-digit pace in 2024, aiding the uptrend in the S&P 500, and are expected to sustain that pace in 2025.
The next week will be another big one for earnings, with another 100+ S&P 500 companies expected to report. However, the economic data may take center stage with the Q3 GDP read due on Wednesday, the PCE price index due Thursday, and the NFP repot on Friday, all ahead of the FOMC decision in two weeks. The odds are high that economic resilience will persist in the data; the question is how the market reacts. Strong data is good for the S&P 500 long-term but may cast a shadow on the outlook for lower interest rates. Featured: Is Your Portfolio Ready for KamalaEconomics? (Darwin) |
Stocks | | U.S. stocks closed broadly higher Monday as gains by some Big Tech companies helped offset a skid in oil-and-gas stocks after the price of crude had its biggest drop in more than a year.The S&P 500 rose 0.3%. The main measure of the U.S. stock market was coming off its first losing week in the l... Read the Full Story |
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The real estate sector is holding firm in a bullish formation, displaying notable resilience compared to the broader market. The Real Estate Select Sector SPDR Fund ETF (NYSE: XLRE) has been consolidating near its highs, just 2.7% away from its 52-week peak, setting the stage for a potential break... Read the Full Story |
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Shares of Amazon.com Inc (NASDAQ: AMZN) have had a funny kind of a year. After a strong rally through April, the stock saw some considerable volatility over the summer. Now, while it's back trading at April's levels, despite hitting an all time high in July, it has been rallying since August. Amaz... Read the Full Story |
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Stocks | | U.S. stock indexes gave up an early gain and drifted to a mixed finish Friday, helping give the market its first losing week since early September.The S&P 500 closed little changed after having been up 0.9% earlier in the day. The benchmark index ended the week 1% lower, ending a six-week winnin... Read the Full Story |
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In the week heading into the first quarter earnings report for its 2025 fiscal year (FY), Lam Research Corp. (NASDAQ: LRCX) stock was down nearly 15%. Furthermore, analysts were lowering their price targets for LRCX stock over concerns of slowing growth that would make it difficult to see the stoc... Read the Full Story |
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NextEra Energy (NYSE: NEE) is following the trend of strong performance amongst utility companies this year. Although its returns haven’t been as high-flying as others like Talen Energy (NASDAQ: TLN) the stock is still handily beating out the S&P 500, with a 39% total return. So, is this... Read the Full Story |
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Markets | | The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months. The rate rose to 6.54% from 6.44% last week, mortgage buyer Freddie Mac said Thursday. Despite the recent uptick, the average rate is down from a year ago, when it climbed to a... Read the Full Story |
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Markets | | The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their country's sluggish e... Read the Full Story |
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PureCycle Technologies (NYSE: PCT) is a small-cap materials stock that has gone on a true tear this year. The stock is up over 250%, a head-turning number that has caught the attention of many investors. That includes analysts at Cantor Fitzgerald, who placed an overweight rating and a $14 price... Read the Full Story |
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Markets | | Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up wor... Read the Full Story |
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Monday's Early Bird Stock Of The Day Enphase Energy, Inc., together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control. It also provides microinverter units and related accessories, an IQ gateway; IQ batteries; the cloud-based Enlighten monitoring service; storage solutions; and electric vehicle charging solutions, as well as design, proposal, permitting, and lead generation services. The company sells its solutions to solar distributors; and directly to large installers, original equipment manufacturers, strategic partners, and homeowners, as well as through its legacy product upgrade program or online store. Enphase Energy, Inc. was incorporated in 2006 and is headquartered in Fremont, California. | View Today's Stock Pick |
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