Equity markets rebounded on Thursday, erasing some but not all of Wednesday’s losses. The move in the S&P 500 was largely driven by tech, led by a 20% gain in Tesla. Tesla reported a mixed quarter with a wider-than-expected margin; the news sending shares higher was the outlook for robust production and delivery growth in 2025. CEO Elon Musk estimates the growth at something like 20% to 30%, driven by a yet-to-be-seen lower-priced model.
The risk for the market next week is enormous, including earnings and economic data. The earnings deluge will continue with over 100 reports from S&P 500 Companies, including key reads from big tech names like Microsoft and Amazon. On the economic front, reports on third-quarter GDP, the PCE price index, and labor markets will drive the action. The risk is that weaker-than-expected data will raise the fear of a recession. Hot data is good news any way you look at it. The Fed may back off on the pace of interest rate cuts because of hot data, but economic and earnings growth will offset it and continue to drive stocks higher.
U.S. stock indexes gave up an early gain and drifted to a mixed finish Friday, helping give the market its first losing week since early September.The S&P 500 closed little changed after having been up 0.9% earlier in the day. The benchmark index ended the week 1% lower, ending a six-week winnin…
Monopar Therapeutics (NASDAQ: MNPR) saw its stock skyrocket over 400% on Thursday after announcing a licensing deal with AstraZeneca. By 2 PM, the stock had traded over 10 million shares, far above its usual daily volume of 800,000. This sudden surge in price and volume has caught the atten…
The price action in United Parcel Service (NYSE: UPS) may have reached the bottom, but the downtrend isn’t over yet. The Q3 results affirm the outlook that growth can be sustained and earnings leverage realized, sparking a surge in the price action. Still, the subsequent selloff from a multi…
Texas Roadhouse (NASDAQ: TXRH) is a highly valued stock, but it is valued that way because it is the leading restaurant player and has ample growth potential to drive long-term shareholder value increases. The initial reaction to the Q3 results was tepid, but it was nothing more than a meh react…
Tractor Supply Company (NASDAQ: TSCO) is still a good buy because of its growth, increased leverage, and cash flow used to pay shareholders. The company’s Q3 results failed to support the price action but aren’t bad news for investors, merely weaker than expected in a world with macr…
The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months. The rate rose to 6.54% from 6.44% last week, mortgage buyer Freddie Mac said Thursday. Despite the recent uptick, the average rate is down from a year ago, when it climbed to a…
The world economy, buffeted by conflict and growing geopolitical rivalries, is in danger of getting stuck in a slow-growth, high-debt rut, the head of the International Monetary Fund warned Thursday. She also urged Chinese leaders to take more decisive action to jump-start their country’s sluggish e…
PureCycle Technologies (NYSE: PCT) is a small-cap materials stock that has gone on a true tear this year. The stock is up over 250%, a head-turning number that has caught the attention of many investors. That includes analysts at Cantor Fitzgerald, who placed an overweight rating and a $14 price…
Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up wor…
When labor disputes disrupted operations at Canada’s two largest railroads and ports up and down the East Coast, many companies shifted more of their shipments to the West Coast forcing railroads like Union Pacific and the ports there to react quickly.Union Pacific said Thursday that the result was …
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