Good MorningEquities reversed Wednesday’s losses, with the Dow and the S&P 500 both flirting with record highs. However, it was the Russell 2000 that posted the largest percentage gain, signaling that investors may have a more “risk on” appetite.
A key catalyst for the latest rally came from Micron, which reported strong demand for its memory chips ahead of its earnings. In fact, the entire chip sector moved higher on the news.
Investors also cheered the final reading on the second-quarter GDP, which came in as expected. Sentiment for Chinese stocks has also been rising since the Chinese government’s aggressive stimulus efforts.
But investors still need to watch for volatility. Micron has given investors high expectations. Any wobble in its earnings report, which came after the market closed, may become a sell-the-news event. Plus, investors will get the latest reading on the PCE index before the market opens tomorrow.
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Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia’s powerhouse. China’s technology sector has the lowest valuation in history compared to its... Read the Full Story |
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From Our PartnersA radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites.
And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth. | | One company holds a near-total monopoly on it. |
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The economy typically has three leading industries that investors can watch closely when trying to figure out the potential future of the stock market. Of course, consumer discretionary is a big part of this mix, as the United States economy is increasingly made up of consumer trends and debt. Fol... Read the Full Story |
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Rocket Lab USA Inc. (NASDAQ: RKLB) shareholders recently saw RKLB stock hit a new 52-week high of $8.98 per share. As of this writing, it’s pulled back a little to $8.69 per share but is still one of the best-performing stocks in 2024 and over the last 12 months. Many analysts believe that R... Read the Full Story |
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From Our PartnersSomething critical just happened... In June the BRICS nations — Brazil, Russia, India, China, and South Africa — met. They weren't just chatting about trade. No, they were plotting to dismantle the dominance of the U.S. dollar in global trade. A new trade system, free from the dollar. What does that spell for the dollar's future? Trouble. | | Download Your FREE Guide Now >> |
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Markets | | Australian Treasurer Jim Chalmers on Friday welcomed Chinese efforts to stimulate its slowing economy, noting that its recent weakness has hurt Australia.Chalmers was wrapping up a two-day visit to Beijing, the first to China by an Australian treasurer in seven years, as strained bilateral relations... Read the Full Story |
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Micron Technology, Inc. (NASDAQ: MU) proved the doubters and analysts wrong with a Babe Ruth-style homerun earnings report that saw revenues nearly double YoY driven by the artificial intelligence (AI) boom. The irony is that at least three analysts downgraded, trimmed estimates or lowered price... Read the Full Story |
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From Our PartnersThe media, of course, won't touch this explosive story…
But experts are not sugarcoating it and they're warning Americans:
"This is a two-pronged attack to starve America into submission and dethrone the US Dollar."
So if you have a nest egg you cannot afford to lose in this all-out economic war… | | Grab this FREE 2024 Gold Guide now. |
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Markets | | Global shares were mostly higher on Friday, boosted in Asia by China’s moves to rev up its economy. The CAC 40 in Paris edged up 0.1% to 7,747.82 after France’s preliminary inflation rate fell sharply in September as the consumer price index rose 1.5% year-on-year in August, down from 2.2% in the pr... Read the Full Story |
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Nike (NYSE: NKE) just announced that its current CEO has retired, and it’s bringing in a long-time employee to take the helm. Elliott Hill will become Nike's CEO on Oct. 14. He hopes to be the new face the company needs to turn its fortunes around.
I’ll detail Nike's history with lame... Read the Full Story |
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Markets | | Federal regulators who say Google holds an illegal monopoly over the technology that matches online advertisers to publishers are vastly underestimating the competition the tech giant faces, an expert hired by Google testified Thursday.Mark Israel, an economist who prepared an expert report on Googl... Read the Full Story |
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Markets | | Argentina's poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei' s presidency, the statistics agency reported Thursday, a steep rise reflecting the pain of the country's most intense austerity program in recent memory. The government's finding that Argentina's half... Read the Full Story |
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Markets | | The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged Read the Full Story |
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Friday's Early Bird Stock Of The Day America's Car-Mart, Inc., through its subsidiaries, operates as an automotive retailer for the used car market in the United States. It primarily sells older model used vehicles and provides financing for its customers. The company was founded in 1981 and is headquartered in Rogers, Arkansas. | View Today's Stock Pick |
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