Good MorningEquity markets rose on Thursday, led by the Dow Jones Industrial Average, as investors rotated into the broader economy. The move was sparked by a week of tepid economic data and Fedspeak pointing to additional monetary policy easing. Easing policy headwinds will make it cheaper for businesses to invest and grow, which catalyzes stock prices. The biggest Dow gainer was Salesforce, a tech stock exposed to companies and industries across sectors.
Market leader NVIDIA is also responsible for some of Thursday's action. The AI powerhouse reported another quarter of stunning results, sparking intraday volatility that eventually led to higher prices at the close. The stock advanced by more than 1% at the close, showing support at a critical moving average and a high likelihood of moving higher over the next few weeks. Analysts are lifting their targets for the stock price and see it advancing about 35% over the next 12 months. Featured: Blackrock’s Sending THIS Crypto Higher on Purpose (Crypto 101 Media) |
Markets | | | Certain stocks in the market are not supposed to sell off at any time, and some brands and business models are widely known to be rock-solid and relatively immune to volatility. However, every once in a while, the system throws an unexpected event at these companies, rendering most volatility mode... Read the Full Story |
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Markets | | | Securities and Exchange Commission Chair Gary Gensler, who was aggressive in his oversight of cryptocurrencies and other financial markets, will step down from his post on Jan. 20.Gensler pushed changes that he said protected investors, but the industry and many Republicans bristled at what they saw... Read the Full Story |
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Stocks | | | Global stocks rose on Friday following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected.Britain’s FTSE 100 rose 0.7% to 8,204.61. Germany’s DAX added 0.5% to 19,248.30, and the CAC 40 in Paris edged up 0.2% to 7,229.24.The ... Read the Full Story |
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Markets | | | Palo Alto Network’s (NASDAQ: PANW) stock price has been in a multi-year uptrend that will continue for many more years because of its leadership position in cybersecurity. It is the world’s leading cybersecurity provider, and its business is supported by the increasing use of digitiz... Read the Full Story |
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Markets | | | Tepid guidance or not, the TJX Companies (NYSE: TJX) stock price can hit another new high this year because the retail trends driving it remain in place. Those include growth driven by price-conscious shoppers, outperformance, margin strength, cash flow, and capital returns, which are expected t... Read the Full Story |
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From Our PartnersJuan Villaverde called the top and bottom of every crypto bull market since 2012.
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Markets | | | Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. But it’s unclear just how the case will affect his businesses and own future — as well as the Indian economy and government. On Fr... Read the Full Story |
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Markets | | | BioMarin Pharmaceutical (NASDAQ: BMRN) has been a rough investment for a long time. Over the past 10 years, shares have provided a total return of -28%. However, Wall Street analysts have consistently given this stock price targets that are much higher than its trading price. They see more fund... Read the Full Story |
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Markets | | | NVIDIA’s (NASDAQ: NVDA) growth is slowing, and margins are expected to compress, but so what? The company’s business has grown nearly 800% in the last four years and continues to grow. The Growth will eventually top out, but high levels of business are expected because of the AI revolu... Read the Full Story |
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Markets | | | Indigenous leaders from the Wampis Nation in Peru are urging lawmakers at the House of Commons in London to ban international banks’ support for Amazon oil activities they say harm their ancestral rainforests Read the Full Story |
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Markets | | | Elevated mortgage rates, rising home prices and other U.S. housing market trends that have kept many would-be homebuyers on the sidelines are likely to remain hurdles next year, driving solid demand for single-family rental houses, analysts say Read the Full Story |
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Friday's Early Bird Stock Of The DayOscar Health, Inc. operates as a health insurance in the United States. The company offers health plans in individual and small group markets, as well as +Oscar, a technology driven platform that help providers and payors directly enable their shift to value-based care. It also provides reinsurance products. The company was formerly known as Mulberry Health Inc. and changed its name to Oscar Health, Inc. in January 2021. Oscar Health, Inc. was incorporated in 2012 and is headquartered in New Yor... | | View Today's Stock Pick |
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