Good MorningThe S&P 500 closed out a strong month on a high note, with the index rising to a fresh all-time high. The move signals the market's willingness to rise to even higher prices and points to a Santa Claus Rally this holiday season. Sentiment drivers include earnings growth and an expectation for accelerating growth over the next few quarters to underpin a robust capital return outlook. In this scenario, the index could rise by another 1,300 points by the year's end.
This coming week's hurdles include a raft of economic data. The critical read will come on Friday with the NFP report, but other important labor market data is due. The list includes the ADP report on employment, the JOLTs report on job openings, and the Challenger report on layoffs and hiring plans. The data balance should reflect a healthy labor market with steady job gains, sufficient job openings, and low unemployment. Featured: Wall Street Takes Notice of a Young Company's Bombshell Discovery! (i2i Marketing Group, LLC) |
Markets | | ServiceNow (NYSE: NOW) has seen its stock price make a remarkable recovery since its pandemic low, surging by over 280%. This upward trajectory has continued in 2024, with the company's shares gaining an impressive 57% over the past year. With ServiceNow’s stock price hovering around... Read the Full Story |
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Stocks | | Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year.The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Both indexes closed out November with their best monthly performances of the year. The Nasdaq added 0.8%. Friday was ... Read the Full Story |
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Markets | | Lowe’s (NYSE: LOW) and Home Depot (NYSE: HD) are the two consumer cyclical home improvement giants enjoying strong momentum as the year-end approaches. Both stocks have nearly identical year-to-date performances and are breaking out of bullish consolidations. Fresh off their respective earni... Read the Full Story |
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Markets | | Analog Devices (NASDAQ: ADI) did not have a robust quarter in Q4 2024. Still, its results and guidance align with the industry outlook, which is a reversion to growth following years of inventory correction. The correction was caused by pandemic-era spending and supply-chain log jams, resulting ... Read the Full Story |
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Markets | | Russia’s ruble is sagging against other currencies, complicating the Kremlin’s efforts to keep consumer inflation under control with one hand even as it overheats the economy with spending on the war against Ukraine with the other Read the Full Story |
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Markets | | World shares were mixed on Monday, with China leading gains as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of President-elect Donald Trump's inauguration next month.Oil prices rose and U.S. futures edged lower. Both official and private sec... Read the Full Story |
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Markets | | Mexicans are worried that threats by Donald Trump to impose 25% tariffs could affect a wide range of iconic Mexican products and threaten entire regional economies.In western Mexico, no crop supplies an income for so many small growers as avocados. But avocado growers, pickers and packers worry that... Read the Full Story |
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Markets | | Texas Pacific Land Corporation (NYSE: TPL) is an organization with roots stretching back to 1888, and the company has witnessed a dramatic surge in its stock price this year. Texas Pacific’s stock price has increased over 200% year to date, and this upward momentum has captivated investors... Read the Full Story |
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Markets | | The alternative and private capital asset management industry is growing strongly. From 2023 to 2028, PricewaterhouseCoopers expects alternative assets under management to grow by nearly $8 trillion. That represents a compound annual growth rate (CAGR) of just under 7%. This may not sound all that... Read the Full Story |
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Markets | | Canada’s antitrust watchdog is suing Google over alleged anticompetitive conduct in the tech giant’s online advertising business and wants the company to sell off two of its services and pay a penalty Read the Full Story |
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Monday's Early Bird Stock Of The DayApplied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, i... | Should I Buy Applied Materials Stock? AMAT 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 Applied Materials was last updated on Friday, November 22, 2024 at 11:04 PM. Pros- Applied Materials, Inc. has recently seen a significant increase in institutional investment, with Thrivent Financial for Lutherans raising its stake by 27.9%, indicating strong confidence in the company's future performance.
- The stock is currently trading at $168.88, which may present a buying opportunity for investors looking to enter at a lower price point compared to its historical highs.
- Analysts have a consensus price target of $219.81, suggesting potential upside for investors as the stock could appreciate towards this target based on market expectations.
- Applied Materials, Inc. has a solid financial position, with a quick ratio of 2.09 and a current ratio of 2.86, indicating good short-term liquidity and the ability to cover its liabilities.
- With 80.56% of the stock owned by hedge funds and institutional investors, there is a strong backing from large financial entities, which often signals confidence in the company's long-term growth prospects.
Cons- Recent analyst downgrades have seen price targets reduced, with Stifel Nicolaus lowering their target from $270.00 to $250.00, which may reflect concerns about the company's near-term performance.
- The stock experienced a notable decline of 9.2% recently, which could indicate volatility and potential challenges in maintaining investor confidence.
- Ontario Teachers Pension Plan Board significantly reduced its holdings by 56.7%, which may suggest a lack of confidence in the stock's future performance from a major institutional investor.
- Despite a generally positive outlook, eight analysts have rated the stock with a hold rating, indicating that some market participants may be cautious about its growth potential.
- Market fluctuations and economic uncertainties could impact the semiconductor industry, which Applied Materials, Inc. operates in, potentially affecting its revenue and profitability.
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