Good MorningEquity markets pulled back from their peak last week, but the stock market's uptrend is unlikely to be over. The pullback is a needed consolidation following the post-election rally and will set the market up to move higher sustainably. The uptrend in stocks is supported by growing economic growth, earnings, and capital returns, which are not expected to end soon. With monetary policy easing and Trump entering the White House, the rally could run through the end of the next year.
Next week's hurdle is retail earnings. Reports are due from Walmart, TJX Companies, Lowe's, Target and many others. The forecast is for about 5% industry growth, with Walmart and TJX Companies leading. Target may have lost more market share. Lowe's Companies is expected to contract less than in previous quarters while sustaining positive cash flow and the capital return outlook. Featured: JD Vance’s Shocking Warning: Your Money’s Next. (Priority Gold) |
Markets | | Investing in basic materials stocks often requires looking around corners into an opaque future. That’s been the case for shareholders of Freeport-McMoRan Inc. (NYSE: FCX). For the last four years, the stock has been a better trade than it has been an investment. You can blame much of the vo... Read the Full Story |
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Markets | | World shares started out the week mixed after U.S. stocks fell to their worst loss since Election Day.U.S. futures were also mixed, with the S&P 500 contract up less than 0.1% and that for the Dow Jones Industrial Average 0.1% lower as speculation mounted over who President-elect Donald Trump mi... Read the Full Story |
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Markets | | Nu Holdings (NYSE: NU) is a Brazilian fintech company that's quickly becoming a major player in the Latin American digital banking space. The company has been making headlines sending Nu Holdings’ stock price up over 90% this year, attracting the attention of some of the world's most famous ... Read the Full Story |
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Markets | | MercadoLibre (NASDAQ: MELI), a leading e-commerce and fintech platform in Latin America, just saw its stock plummet 23% following the release of its Q3 2024 earnings report, leading to concerns about the company's future. While the news might seem discouraging at first glance, some investors, includ... Read the Full Story |
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Markets | | ORIC Pharmaceuticals (NASDAQ: ORIC) is a small-cap pharma stock. It aims to make a difference with its potentially "best-in-class" treatments. The company’s shares have not had a great year, returning -4% in 2024. However, analysts on Wall Street are bullish. The average of five price targe... Read the Full Story |
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Markets | | The economy of the European Union is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the bloc's executive commission said Friday Read the Full Story |
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Markets | | Britain's Treasury chief Rachel Reeves said Friday that she is “not satisfied” by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, as the country's top central banker voiced his concerns about the economic damage wrought by t... Read the Full Story |
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Stocks | | Investors and home buyers alike have watched eagerly as market optimism for homebuilder stocks has grown throughout the last year. The iShares U.S. Home Construction ETF (BATS: ITB), a benchmark for the broader industry, rose to a 1-year high in mid-October and is currently up more than 38% in the... Read the Full Story |
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Markets | | Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy's steady growth.Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month's robust 0.... Read the Full Story |
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Markets | | A battery manufacturer has selected Kentucky for a nearly $712 million project to produce industrial-sized batteries used to store and distribute energy, a process seen as increasingly important to help secure a reliable electric grid for the country, officials said Friday.The Shelbyville Battery Ma... Read the Full Story |
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Monday's Early Bird Stock Of The DayWayfair Inc. provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional. The company offers its products under the Three Posts and Mercury Row brand name. The company was founded in 2002 and is headquart... | View Today's Stock Pick |
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