Good MorningEquity markets hovered in a tight range near record highs last week as participants waited on the FOMC's next move. That move will come this week when the Fed meets. The policy statement is due Wednesday afternoon and will likely move the market. The market will likely move higher if the FOMC cuts as expected and doesn't increase fear of a recession. The reasons are underlying economic strengths, S&P 500 cash flow, and capital returns. The S&P 500 is on track to increase the capital return by mid to high-single-digits in 2025.
Earnings season takes a breather this week. Numerous reports are due, but none have the power to move the entire index. The next hurdle will come the following week when reports from the first major retailers will be reported. Retailers like Home Depot, Lowe's, Walmart, and Target are expected to report growth. The question is how the performance compares to the low bar analysts set and what the holiday spending forecast is. Featured: Biden to Launch “FedNOW” [Move Your Money Now] (Priority Gold) |
Stocks | | U.S. stocks drifted lower Monday ahead of a momentous week full of potential flashpoints in Washington, D.C., and around the world. The S&P 500 slipped 0.3%, though it remains near its record set last month. The Dow Jones Industrial Average fell 257 points, or 0.6%, while the Nasdaq composite ... Read the Full Story |
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Among the Magnificent Seven stocks in 2024, Amazon (NASDAQ: AMZN) finds itself just above the middle of the pack when it comes to returns, up 31%. Amazon has a highly diversified business. Due to this, the consumer discretionary company fights on many fronts, attempting to reign supreme on all of ... Read the Full Story |
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Stocks | | Worries about this week’s tax-raising U.K. budget within financial markets appear to have eased with the interest rates charged on British debt steadying and the pound rising against most other currencies Read the Full Story |
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Markets | | Nvidia is replacing Intel on the Dow Jones Industrial Average, ending a 25-year-run for a pioneering semiconductor company that has fallen behind as Nvidia cornered the market for chips that run artificial intelligence systems Read the Full Story |
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Billionaires and their families spent an estimated $1.9 billion supporting presidential and congressional candidates in the 2024 election, a record that approached twice the spending logged in the lead-up to the 2020 election. With billionaires spending huge sums of money in an effort to sway the ... Read the Full Story |
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Markets | | For some television viewers, size apparently does matter. Forget the 65-inch TVs that were considered bigger than average a decade ago. In time for the holidays, manufacturers and retailers are rolling out more XXL screens measuring more than 8 feet diagonally. That's wider than a standard three-sea... Read the Full Story |
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AppLovin (NASDAQ: APP) stock has had an incredible uptick in 2024, with shares over quadrupling in value. Despite its massive rise, Wall Street analysts are still projecting upside in the tech stock. In October, six of the eight analyst price target changes MarketBeat has tracked are above the c... Read the Full Story |
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Markets | | No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year Read the Full Story |
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In late October 2024, the burgeoning Bitcoin ETF industry moved a step closer to the traditional financial landscape for investors when the SEC approved proposals from both NYSE American and Cboe to list and trade options on a number of Bitcoin ETFs. This could be seen as a signal that U.S. regula... Read the Full Story |
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Markets | | Consumer spending during the upcoming holiday season is forecast to reach a record-high $902 per person across gifts, food, decorations, and other shopping needs, according to the National Retail Federation. Retail stores in the consumer staples and consumer discretionary sectors are likely to be ma... Read the Full Story |
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Monday's Early Bird Stock Of The Day First Solar, Inc., a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules. It designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. The company's residual business operations include project development activities, operations and maintenance services, and the sale of PV solar power systems to third-party customers. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona. | View Today's Stock Pick |
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