Good MorningEquity markets surged on Wednesday after Donald Trump clinched a second term in the White House in an overwhelming victory. Opponent Kamala Harris conceded the race, quashing the idea the results would be contested, alleviating market fears and reducing the potential for volatility.
The S&P 500 surged more than 2.5% at the height of the session, breaking out to a new high and closing at the session's highs, indicating a high likelihood of higher highs to come. Trump's policies are expected to ease headwinds for businesses and consumers, reinvigorate economic activity, and boost S&P 500 earnings power, the primary driver of stock prices.
The S&P 500 could rise to 6,100 within days to a few weeks. The 6,100 level is a critical target for the stock market and a potential pivot point to a sustained rally in 2025. With the FOMC on track to reduce interest rates and a business and consumer-friendly president in the White House, the S&P may break above that target and trend higher through the end of 2025 Featured: This Single Fund Owns Every Major AI Stock and Pays Weekly (Ad) 
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Consumer Discretionary | |
Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions afte... Read the Full Story |
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Markets | |
As surprising as it may be, Donald Trump won a second term in office. One of few to do so non-consecutively, his 2nd term has long-lasting repercussions for the market. If history is to be used as a guide, those repercussions will be good for stocks. Looking at the S&P 500 (NYSEARCA: SPY) star... Read the Full Story |
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Healthcare | |
The presidential election for the United States, probably one of the most awaited events and catalysts in the stock market for the year, is now over and Donald Trump is the President-Elect. The market and different participants have now taken on their views as a conclusion from the results, and it... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Technology | |
Microchip Technology Incorporated (NASDAQ: MCHP) has the power to withstand its headwinds in 2024 and sustain the uptrend in its share price. The uptrend, begun in 20216, has increased the stock’s value by 300%, including the 2024 price correction, and another 300% upside is coming for those... Read the Full Story |
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Consumer Discretionary | |
Some businesses go through cycles of expanding and contracting margins, such as basic materials names that depend on commodity prices to derive their bottom-line figures. Then, there are those who enjoy a continuous uptrend in their margins through the use of efficiency, a typical trend that domin... Read the Full Story |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Finance | |
When thinking about stocks with recession-resistant characteristics, a few key metrics come to mind. First are low-beta stocks. Beta measures how much a stock’s price moves compared to the overall market. A beta of 1 means that, on average, when the market went up 10% in a month, the stock a... Read the Full Story |
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Healthcare | |
Biotech and pharmaceutical companies are well known for raising capital through initial public offerings, or IPOs. Between 2001 and 2023, approximately 24% of IPOs were from biotech and pharmaceutical companies. When looking at the period from 2019 to 2023, 35% of IPOs were from firms in these ind... Read the Full Story |
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Healthcare | |
Most investors would look at an earnings announcement as a past event, connecting the current price action in the stock and reacting to the results as something that cannot be taken advantage of, thinking that it is now too late to get into action. This might be the case for shares of Hims & H... Read the Full Story |
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Technology | |
Astera Labs, Inc. (NASDAQ: ALAB) is a leading provider of semiconductor-based connectivity solutions for cloud and artificial intelligence (AI) infrastructure, and its share price recently soared over 25% after the company reported strong third-quarter earnings results.
While this sudden jump h... Read the Full Story |
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Technology | |
Advanced Micro Devices (NASDAQ: AMD) is a semiconductor sector veteran, and the company is known for its relentless pursuit of high-performance and adaptive computing. AMD is captivating the market's attention with its aggressive push into the field of artificial intelligence (AI), a sector pois... Read the Full Story |
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Thursday's Early Bird Stock Of The Day SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC. | | View Today's Stock Pick |
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