Dilok Klaisataporn The stock market looks expensive, and valuation is in the top decile since 1960, but strong gains could still be ahead. Evercore ISI analysts raised their 2024 year-end S&P 500 (SP500) price target to 6,000, at around 24x trailing 12 months EPS. And according to an Evercore ISIContinue Reading
Shares of cryptocurrency stocks are on the decline premarket Monday as the price of Bitcoin has declined more than 4% in the past 24 hours. The leading cryptocurrency is currently trading at $61,159.6. Over the last seven days, Bitcoin has declined by almost 7%. The Bitcoin price fell on Monday,Continue Reading
gguy44 With the 2024 U.S. presidential elections heating up next week in the form of the first debate, Goldman Sachs’ portfolio strategy research team took a look at American companies which have the biggest exposure to domestic and international sales. Current predictions call for a Republican victory, which would mostContinue Reading
gguy44 With the 2024 U.S. presidential elections heating up next week in the form of the first debate, Goldman Sachs’ portfolio strategy research team took a look at American companies which have the biggest exposure to domestic and international sales. Current predictions call for a Republican victory, which would mostContinue Reading
The stock indexes were mixed this week, as investors and traders assessed a string of economic data, including U.S. PMI composite that ticked up unexpectedly in flash June print. This comes days after U.S. Federal Reserve kept its benchmark policy rate unchanged for a seventh straight meeting, even though policymakersContinue Reading
izusek Real estate stocks edged down in the week ended June 21 after a mixed economic data and the latest housing market update, while the major market averages gained marginally. The Real Estate Select Sector SPDR Fund ETF (NYSEARCA:XLRE) ended the holiday-shortened week 0.13% lower at $38.48. The fund postedContinue Reading
loveguli This week’s winners among financial stocks were led by two insurers, one credit-card issuer, one Indian bank and one Brazilian digital bank. On the flip side, two crypto-linked companies, one fintech-focused lender and two Argentine lenders fell the most. In all, financial stocks (with market cap over $2B) finishedContinue Reading
jetcityimage/iStock Editorial via Getty Images Respiratory device makers ResMed (NYSE:RMD), and Philips (NYSE:PHG) traded lower on Friday after Eli Lilly (NYSE:LLY) said an FDA decision on a potential label expansion for its weight loss therapy tirzepatide against obstructive sleep apnea (OSA) is expected later this year. The announcement hurt theContinue Reading
With Wall Street’s major market averages trading near all-time highs towards the end of the first half of 2024, investors who may be looking for safety and income may want to focus on dividend stocks. While the universe of dividend-based companies is vast, Seeking Alpha constructed a top 10 performingContinue Reading
