Good MorningEquity markets remained near record highs Tuesday as investors digested economic data and a potentially shocking supply-chain event in Baltimore. Durable goods orders rose more than expected on the economic front and underscore resilient economic conditions. Regarding Baltimore, the Port of Baltimore was closed after a container ship ran into the Francis Scott Key Bridge and knocked it down. The closure will have wide-reaching ramifications in a world where major shipping lanes are already hampered by weather, water, and geopolitical events.
The big news this week will come on Friday. The PCE index is expected to affirm the idea of Fed rate cuts; the only question is the timing. The report is expected to show inflation accelerating, pushing the timing of the first cuts out. As it is, the market projects a Fed rate cut by July and possibly two by the end of summer. Featured: Get March’s Exotic Club stock pick (dirt cheap!) (DTI) 
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When traders stampede into call options, it typically means they expect an event to come, pushing the underlying stock higher soon. Because options expire at a given date, these traders must get their thesis right before expiration or risk losing their entire investment.
Today, three stocks show ... Read the Full Story |
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Earnings growth typically drives stock prices. Three stocks are set to grow at double and even triple-digit rates this year, yet their prices stay at more than 30% discounts from their 52-week highs. Whether underrated or just forgotten, they are cheap stocks that shouldn’t be so.
The names... Read the Full Story |
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NVIDIA (NASDAQ: NVDA) ushered in a new age with the surge of AI and its lean into full-stack AI services. The company's leadership position is reflected in its results and stock price, which is still advancing. Members of Congress are on board the NVIDIA freight train, but it isn't the most bought... Read the Full Story |
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Stocks | | | Shares of Donald Trump’s social media company rose about 16% in the first day of trading, boosting the value of Trump’s large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president Read the Full Story |
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Trump Media & Technology Group (NASDAQ: DJT), the parent company behind the social media app Truth Social, has made a resounding entrance into the stock market, capturing the attention of investors and analysts worldwide. With its highly anticipated initial public offering (IPO), the company e... Read the Full Story |
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From Our PartnersRemember Intuitive Surgical's rise of 18,000% over two decades? It used new tech to transform surgery.
Now, I've found an obscure AI stock following its path.
This company brought the first AI-designed drug to clinical trials. It's lined up major pharma partnerships together worth over $7 billion.
Yet with a market cap of only $700 million, it trades for under $10 a share.
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Stocks | | | In a virtuous cycle that's only helped investors, fees keep dropping for mutual funds and exchange-traded funds.Last year, investors in stock mutual funds paid an average of 42 cents in fees for every $100 they had invested. That's down from 44 cents the year before and from $1.04 in 1996. Fees were... Read the Full Story |
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McCormick & Company (NYSE: MKC) stock may not be cheap, trading at 22X this year’s and 20X next year’s earnings, but it is undervalued. The company is among the highest-quality consumer staples on the market, trading below its historical norms and near the middle of the group&rsquo... Read the Full Story |
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Markets | | | Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used in a store or restaurant. The deal would lower and cap the fees charged by Visa and Mastercard and allo... Read the Full Story |
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Markets | | | U.S. consumer confidence held steady this month even as Americans wrestle with higher prices and feel less optimistic about the short-term future.The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in Feb... Read the Full Story |
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Markets | | | Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Prudential plc, through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa. The company was founded in 1848 and is headquartered in Central, Hong Kong. | Should I Buy Prudential Stock? PUK Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Prudential was last updated on Monday, November 25, 2024 at 4:11 AM.
Pros-
Prudential plc recently experienced a significant increase in trading volume, with approximately 2.35 million shares traded, indicating heightened investor interest and potential momentum in the stock.
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The current stock price is $16.97, which may present a buying opportunity for investors looking for value, especially considering the stock's 52-week high of $23.73.
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Barclays has upgraded Prudential plc to a "strong-buy" rating, suggesting strong confidence in the company's future performance and potential for price appreciation.
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The company has a solid history of providing life and health insurance, as well as asset management solutions, which positions it well in the financial services sector, particularly in Asia and Africa.
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Recent hedge fund activity shows increased interest in Prudential plc, with several funds significantly increasing their holdings, indicating a positive outlook from institutional investors.
Cons-
Prudential plc has seen a downgrade from Deutsche Bank, which reduced its rating from "buy" to "hold," reflecting concerns about the stock's short-term performance.
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The company's 50-day moving average is $17.37, which is above the current stock price, suggesting that the stock may be underperforming relative to its recent trend.
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Prudential plc recently cut its dividend, which may signal financial strain or a shift in strategy that could concern income-focused investors.
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The stock has a 52-week low of $15.77, indicating potential volatility and risk for investors considering entry points.
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Only 1.90% of Prudential plc's stock is owned by institutional investors, which may suggest a lack of confidence from larger investment entities in the company's prospects.
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