Good MorningEquity markets surged on Wednesday after Donald Trump clinched a second term in the White House in an overwhelming victory. Opponent Kamala Harris conceded the race, quashing the idea the results would be contested, alleviating market fears and reducing the potential for volatility.
The S&P 500 surged more than 2.5% at the height of the session, breaking out to a new high and closing at the session's highs, indicating a high likelihood of higher highs to come. Trump's policies are expected to ease headwinds for businesses and consumers, reinvigorate economic activity, and boost S&P 500 earnings power, the primary driver of stock prices.
The S&P 500 could rise to 6,100 within days to a few weeks. The 6,100 level is a critical target for the stock market and a potential pivot point to a sustained rally in 2025. With the FOMC on track to reduce interest rates and a business and consumer-friendly president in the White House, the S&P may break above that target and trend higher through the end of 2025 Featured: “Fed Proof” Your Bank Account with THESE 4 Simple Steps (Weiss Ratings) 
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Markets | | | Some businesses go through cycles of expanding and contracting margins, such as basic materials names that depend on commodity prices to derive their bottom-line figures. Then, there are those who enjoy a continuous uptrend in their margins through the use of efficiency, a typical trend that domin... Read the Full Story |
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Markets | | | The presidential election for the United States, probably one of the most awaited events and catalysts in the stock market for the year, is now over and Donald Trump is the President-Elect. The market and different participants have now taken on their views as a conclusion from the results, and it... Read the Full Story |
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Tech | | | Microchip Technology Incorporated (NASDAQ: MCHP) has the power to withstand its headwinds in 2024 and sustain the uptrend in its share price. The uptrend, begun in 20216, has increased the stock’s value by 300%, including the 2024 price correction, and another 300% upside is coming for those... Read the Full Story |
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Stocks | | | Shares were mostly higher in Europe and Asia on Thursday after U.S. stocks stormed to records as investors wagered on what Donald Trump’s return to the White House will mean for the economy and the world. Markets also were turning their attention to the Federal Reserve’s decision on interest rates, ... Read the Full Story |
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Markets | | | Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions afte... Read the Full Story |
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Markets | | | Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump’s presidential election victory Read the Full Story |
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Markets | | | As surprising as it may be, Donald Trump won a second term in office. One of few to do so non-consecutively, his 2nd term has long-lasting repercussions for the market. If history is to be used as a guide, those repercussions will be good for stocks. Looking at the S&P 500 (NYSEARCA: SPY) star... Read the Full Story |
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Markets | | | China's exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two years, according to customs data released Thursday.The report came a day after former President Donald Trump won Tuesday’s election, gaining a second term as president. Trump has pledged to increas... Read the Full Story |
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Markets | | | Sweden’s central bank on Thursday cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction over a decade.Riksbanken said the cut, the fourth this year, was “to provide further support to the economy and help inflation stabilize at the target.”It ad... Read the Full Story |
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Markets | | | The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%.In an announcement Thursday, the bank said its rate-setting panel lowered the benchmark rate to 4.75%. That is its second cut in three months and fol... Read the Full Story |
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Thursday's Early Bird Stock Of The Day SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. | | View Today's Stock Pick |
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