🦉 Intel's Secret Plan for a Double-Digit Stock Rally Revealed
Over the past 2 years, markets have lent the lion’s share of their attention to technology stocks, particularly those exposed to the rising trends in artificial intelligence and semiconductor manufacturing. However, over the past few quarters, markets have given stocks like Nvidia Co. (NASDAQ: NVDA) an unfair amount of attention over peers like Advanced Micro Devices Inc. (NASDAQ: AMD) and others. Today, it is a quiet one looking to give investors a chance to multiply their wealth over the next few years, rewarding those who are patient—and savvy—enough to hold through management’s secret plan. .
Equity markets advanced to set another new high last week, but there is risk. The narrow market breadth, with leadership centered on only a few names. Names like NVIDIA, Amazon, and Meta are doing most of the work and have the market set up to fall should they falter. The S&P is well above its nearest support target and could shed 5% to 10% quickly.
The risk for bears is underlying economic strength. A stock market correction is due but also needed. A pullback would allow participants to take profits and reposition for the year's 2nd half, which is expected to be robust. The consensus for earnings growth is near 14% and should lead the S&P 500 to set new highs periodically, assuming no change in the economic outlook. The FOMC may not cut rates as soon as expected, but if so, it is because of economic resilience, as seen in the non-farm payroll report. The NFP shows solid job creation, low unemployment, and wage gains to drive demand and consumer spending.
Over the past 2 years, markets have lent the lion’s share of their attention to technology stocks, particularly those exposed to the rising trends in artificial intelligence and semiconductor manufacturing. However, over the past few quarters, markets have given stocks like Nvidia Co. (NASDAQ: NVDA) an unfair amount of attention over peers like Advanced Micro Devices Inc. (NASDAQ: AMD) and others. Today, it is a quiet one looking to give investors a chance to multiply their wealth over the next few years, rewarding those who are patient—and savvy—enough to hold through management’s secret plan.
Mexico's outgoing president pledged Friday to press ahead with j udicial reforms despite nervousness among investors and suggestions from his own handpicked successor that he should go slow. President Andrés Manuel López Obrador said he would pursue 20 constitutional changes after his Morena party won a two-thirds majority in Congress in Sunday's elections, including making all judges run for election and enshrining a series of unfunded benefit mandates in the Constitution.Sunday's elections ensured that Claudia Sheinbaum, the candidate of López Obrador's Morena party, will be the next president.
Stocks are often exposed to the emotional ups and downs of the market cycle, where investors tend to amplify bullish and bearish sentiment, reflecting these extremes in their price swings. What savvy investors can do is take advantage of these swings to the benefit of their wealth-building pursuits, also known as buying the dip. Today, three stocks stand out when scanning for price action. CVS Health Co. (NYSE: CVS) is topping this list, trading at only 72% of its 52-week high price. It is followed by Nike Inc. (NYSE: NKE), which recently fell to 77% of its 52-week high price. Lastly, McDonald’s Co.
Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday.It's the latest pushback over the size of the pay package, which was recently valued by the company at $44.9 billion, but in January had a value of about $56 billion. In May, two big shareholder advisory firms, ISS and Glass Lewis, recommended voting against the package. "While we appreciate the significant value generated under Mr. Musk's leadership since the grant date in 2018, we remain concerned ...
The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. If you give a hoot about the market, read your copy every Tuesday, Thursday, and Sunday evening.
MarketBeat Media, LLC 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com
没有评论:
发表评论