Good MorningMarket volatility remained high on Wednesday, with the S&P 500 rebounding more than half a percent from the previous day's low. The move was driven by earnings reports, including one from Morgan Stanley. The investment bank reported better-than-expected top and bottom-line results, stimulating demand for financial stocks and other risk-on assets. Semiconductor stocks also contributed to the rebound, with shares of NVIDIA up more than 3.5% and AMD up by 1%.
The rally in equities is likely to continue through year-end because of earnings growth. The outlook for 2024 has dimmed from the peak set earlier in the year. Still, in the double-digit range, the forecast for S&P 500 earnings remains bright, with double-digit growth expected to persist in 2025: earnings fuel capital returns and capital return growth, another factor supporting the uptrend in stocks. Capital returns are expected to grow at a mid-to-high single-digit pace again in 2025, suggesting the uptrend could continue for several more quarters, if not through the end of next year.
Featured: The case for trading fewer setups, not more (Ad) 
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Technology | |
It's a busy and exciting time for the space industry. Space stocks—companies that are engaged in activities related to space exploration—have experienced a major boost thanks to high-profile news stories. In mid-October SpaceX, the privately-held launch service, spacecraft maker, and s... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Technology | |
Broadcom Inc (NASDAQ: AVGO) has been one of the standout performers in the semiconductor space over the last two years, rising by 350%. The tech titan recently hit an all-time high, underscoring its impressive momentum as we head into the final few weeks of the year.
So, what does that say abo... Read the Full Story |
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Technology | |
Earnings season is bringing investors the most awaited stock market results, this time not only the banking sector’s status and trends but also the semiconductor and chipmaking niche of the technology sector. Last quarter, investors gathered around the country to watch earnings results from ... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Medical | |
There are many reasons to own Abbott Laboratories (NYSE: ABT), but they all boil down to one thing: consistent market-beating returns. A study published by Hendrik Bessembinder, a professor of finance at Arizona State University, found that Abbott is the 11th top-returning stock since 1937 and #... Read the Full Story |
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Finance | |
The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial ... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | |
Having hit a fresh high back in March, investors in Salesforce Inc (NYSE: CRM) would have been forgiven for thinking the uptrend was set to continue. The ever-popular enterprise software platform had rallied 150% to get there. But whereas the rest of the market continued to rally into, and throu... Read the Full Story |
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Medical | |
Bright Minds Biosciences (NASDAQ: DRUG), a little-known biotech company, became the talk of the market yesterday after its stock skyrocketed by 1,445% in a single trading session. Typically trading under 1 million shares daily, the stock saw over 100 million shares change hands without any direct ... Read the Full Story |
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Finance | |
Charles Schwab (NYSE: SCHW) had a solid quarter, outpacing expectations and issuing favorable guidance. Still, its stock price may only increase slightly because of the analyst and sell-side activity this year.
The analysts' response to the Q3 results is tepid. The number of lowered price targ... Read the Full Story |
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Technology | |
The darling niche of the technology sector today is found in the semiconductor and chip-making industry, where most of the interest—and capital—has been focused since 2023. Pushed by secular tailwinds from artificial intelligence and other advancements, markets have somewhat priced in ... Read the Full Story |
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Business Services | |
Global Payments Inc. (NYSE: GPN) is a leading payment processing and software solutions provider. The company has garnered a Moderate Buy consensus rating from 25 analysts, with some analysts recently reaffirming their Outperform rating. This positive sentiment signifies that the analyst expects... Read the Full Story |
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Thursday's Early Bird Stock Of The Day REE Automotive Ltd. operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform. It also provides P7-S Strip Chassis for commercial delivery vehicles and walk-in vans; P7-C Chassis Cab and Cutway Chassis, a class 4 chassis cab fully electric commercial truck for delivery and a range of vocational applications; and P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with its all-wheel drive and all-wheel steer for vehicle control for better handling and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel. | | View Today's Stock Pick |
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