Ciena Stock Powers the AI Cloud Boom—Don’t Miss…

October 8, 2024
by RJ Hamster

GOOD MORNING

The equity market started the week on a bad footing, with the S&P 500 falling more than 1% at the session’s low. The move was driven by increased fears of an escalating Middle Eastern conflict, which was also seen in a sharp rise in the VIX and the oil price.

The price of WTI surged nearly 4% on Monday, extending the rally that began two weeks ago. Now, WTI is back above critical resistance targets at $75, including short—and medium-term moving averages, and may continue to accelerate without additional catalysts. In that scenario, the high oil price will cut into corporate profits, sustain consumer-level inflation at a higher-than-wanted pace, and significantly alter the outlook for interest rate cuts.

The outlook for interest rate cuts is already changing because of the strong NFP report on Friday. The NFP shows labor market strength, alleviating the fear of a recession it caused earlier this year. While interest rates will likely continue to fall this year and next, the floor for rates may be higher than the market is currently pricing. As it is, the market expects another 150 basis points of cuts by the end of 2025.

Featured: Last chance to watch (Porter & Company)

STOCKS

Stock market today: Wall Street slides after Treasury yields climb back above 4% and oil rises

U.S. stocks slid Monday after Treasury yields hit their highest levels since the summer and oil prices continued to climb.The S&P 500 dropped 1%, though it’s still close to its all-time high set a week earlier. The Dow Jones Industrial Average fell 398 points, or 0.9%, coming off its own record,…

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Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”

Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs…

A predicted Trump would win.

You won’t believe what he’s predicting now.

CLICK HERE TO SEE IT BECAUSE IT’S A SHOCKER…

MARKETS

Ciena Stock Powers the AI Cloud Boom—Don’t Miss Out

Ciena Co. (NYSE: CIEN) can be considered a legacy company in the computer and technology sector when it comes to the Internet. It was one of the original manufacturers of optical fiber, which provided networking switches and connectivity solutions since 1992. The company has managed to stay rele…

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MARKETS

Stock market today: Hong Kong shares plunge as economic rescue plans from Beijing fall flat

Hong Kong’s share benchmark plunged more than 9% and other Chinese markets gave up much of their early gains Tuesday as traders dumped shares following recent rallies. Shares elsewhere in Asia and in Europe were mostly lower, while U.S. futures were little changed. Oil prices fell. The Hang Seng ind…

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320 hedge funds just sold this stock

A strange force has seized control of Wall Street. Hedge funds are already moving their money… and preparing for even stranger days ahead. Over 320 hedge funds have quietly sold THIS famous stock – to prepare for a dramatic market shift

GET THE STRANGE TRUTH FROM A 50-YEAR WALL STREET INSIDER… INCLUDING THE NAME AND TICKER OF THE STOCK

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Exxon Mobil Stock on the Move: Why a 30% Surge Is Just the Start

Exxon Mobil (NYSE: XOM) is still a cheap stock, but the value won’t last long. Technically speaking, the market has broken a significant resistance point and is on track to hit the $138 level soon and $200 over the next 12 to 24 months. Regarding valuation, trading at 15x earnings with ea…

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MARKETS

Levi’s Revenue Dips, But Record Margins Might Stitch Things Up

Iconic American apparel manufacturer Levi Strauss and Co. (NYSE: LEVI) disappointed investors after lowering their guidance on their fiscal third-quarter of 2024 earnings report. While shares initially sold off 8% on the warning from the declining headline metrics, there were many positives in t…

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10 Best EV Stocks to Invest in Today

EV stocks are red hot.

We’ve found TEN that we think will produce big wins for early investors.

There’s no charge to view this report, so I urge everyone to check out the 10 stocks we’ve found as soon as possible.

CLICK HERE TO VIEW ALL 10 STOCKS RIGHT AWAY.

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Top 3 Growth Stocks Poised for a Strong Q4 2024 Rally

As 2024 comes to a close, seasonality is a theme that occurs every year entering the holiday season. A look back at some of the familiar headline trends for 2024 includes the AI data center boom, shortage of GLP-1 drugs, fresh demand for nuclear power, restarting the interest rate cut cycle, off-p…

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MARKETS

China announces more support for economy but holds back on major spending package

China’s economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai’s benchmark gave u…

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MARKETS

Super Micro’s Split: A Game-Changer or Risky Move for Investors?

Super Micro Computer, Inc. (NASDAQ: SMCI), a significant player in the high-performance computing industry, recently made a strategic move to broaden its investor base. The company implemented a 10-for-1 stock forward stock split, effective from October 1, 2024. This move, which reduced the share …

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MARKETS

PepsiCo lowers revenue forecast as sales growth weakens

PepsiCo lowered its organic revenue forecast for the year after U.S. consumers continued to pull back on buying its snacks and drinks.The company, based in Purchase, New York, said Tuesday it now expects its organic revenue — which is adjusted for foreign currency exchanges and the impact of produc…

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MARKETS

Home insurers argue for a 42% average rate hike in North Carolina

With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began Monday on the insurance industry’s request to raise homeowner premium rates statewide by more than 42% on average. A top lieutenant for Insurance Commissioner Mike Causey opened wh…

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TUESDAY’S EARLY BIRD STOCK OF THE DAY

A Stock Being Upgraded:Costco Wholesale (NASDAQ:COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories. It offers merchandise, such as sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; appliances, electronics, …

Should I Buy Costco Wholesale Stock? COST 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 Costco Wholesale was last updated on Sunday, October 06, 2024 at 8:59 PM.

Pros

Costco’s stock has a current price of $875.67, showing stability in the market.
Costco has a strong track record of consistent revenue growth and profitability.
Costco’s membership model provides a steady stream of recurring revenue.
Costco’s focus on customer loyalty and satisfaction leads to high retention rates.
Costco’s expansion plans into new markets offer potential for future growth and market penetration.

Cons

Costco’s stock price has been relatively high, potentially limiting short-term gains.
Costco faces competition from other retail giants like Walmart and Amazon.
Costco’s business model heavily relies on membership fees, which could be impacted by economic downturns.
Costco’s international expansion efforts may face challenges in adapting to different market dynamics.
Costco’s high valuation metrics, such as P/E ratio and PEG ratio, may indicate overvaluation.

VIEW TODAY’S STOCK PICK

Gallstones: Most Often ‘Silent,’ but Watch for 5 Signs

Today’s top 5 featuring: Hurricane Milton now Category 5 storm

RJ Hamster

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Ciena Stock Powers the AI Cloud Boom—Don’t Miss Out

Ciena Stock Powers the AI Cloud Boom—Don’t Miss…

GOOD MORNING

STOCKS

Stock market today: Wall Street slides after Treasury yields climb back above 4% and oil rises

FROM OUR PARTNERS

Man who Predicted Trump 2016 Win: “Prepare for Election Meltdown”

MARKETS

Ciena Stock Powers the AI Cloud Boom—Don’t Miss Out

MARKETS

Stock market today: Hong Kong shares plunge as economic rescue plans from Beijing fall flat

FROM OUR PARTNERS

320 hedge funds just sold this stock

MARKETS

Exxon Mobil Stock on the Move: Why a 30% Surge Is Just the Start

MARKETS

Levi’s Revenue Dips, But Record Margins Might Stitch Things Up

FROM OUR PARTNERS

10 Best EV Stocks to Invest in Today

MARKETS

Top 3 Growth Stocks Poised for a Strong Q4 2024 Rally

MARKETS

China announces more support for economy but holds back on major spending package

MARKETS

Super Micro’s Split: A Game-Changer or Risky Move for Investors?

MARKETS

PepsiCo lowers revenue forecast as sales growth weakens

MARKETS

Home insurers argue for a 42% average rate hike in North Carolina

TUESDAY’S EARLY BIRD STOCK OF THE DAY

A Stock Being Upgraded:Costco Wholesale (NASDAQ:COST)

Should I Buy Costco Wholesale Stock? COST Pros and Cons Explained

Pros

Cons

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Ciena Stock Powers the AI Cloud Boom—Don’t Miss Out

GOOD MORNING

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FROM OUR PARTNERS

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TUESDAY’S EARLY BIRD STOCK OF THE DAY

Should I Buy Costco Wholesale Stock? COST Pros and Cons Explained

Pros

Cons

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