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China's Tech Stocks Surge: What Top Investors Know That You Don't
2024 Sep 27, 3:18pm | 929Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia's powerhouse. China's technology sector has the lowest valuation in history compared to its...
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3 Stocks That Could Rise on European Bank Interest Rate Cuts
2024 Sep 27, 1:10pm | 850U.S. stocks reacted positively following the Federal Open Market Committee's announcement in mid-September that it would lower interest rates by 50 basis points, wider than many analysts had anticipated. Generally, a lower federal funds rate is often a boon for stocks, as businesses are able to...
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Inflation Decline Strengthens Confidence In Fed's Interest Rate Cut: 'If You Were Second Guessing The Fed... You Aren't Now'
2024 Sep 27, 10:37am | 912Friday's Personal Consumption Expenditures (PCE) Price Index report showed lower inflation in August than expected, which has economists cheering the results and their positive impact for consumers and the stock market. What Happened: The Personal Consumption Expenditures Price Index is the...
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EUR/USD Sees Recovery As Market Sentiment Shifts Against The USD
2024 Sep 27, 9:33am | 520By RoboForex Analytical Department EUR/USD concluded a stable week, trading around the 1.1170 mark, despite earlier momentum favoring the US dollar. Earlier in the week, the dollar surged—its fastest pace since early June—as markets anticipated insights from key Federal Reserve...
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Fed's Preferred Inflation Gauge Comes In Below Expectations For August, Easing Concerns About Rising Prices
2024 Sep 27, 8:42am | 685The Federal Reserve’s preferred measure of inflation in August came in below expectations, showing a decline from July’s inflation rate. According to government data released Friday, the Personal Consumption Expenditures (PCE) Price Index increased by 2.2% in August compared to the same...
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Wall Street On Wait-And-Watch Mode Ahead Of Inflation Data, Bitcoin Holds Above 65.5K: Analyst Says Volatility Ahead Providing Better Entry Point Into Long-term Bull Market
2024 Sep 27, 6:39am | 1439Sentiment has soured ahead of the key inflation data that is due ahead of the market open on Friday, with the index futures pointing to a modestly lower opening. A fairly benign data could keep the upward trajectory intact ahead of next week’s key labor market data. Stocks are on track to...
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Why Shopify Stock Has Analysts Buzzing About Big Gains
2024 Sep 26, 3:33pm | 744E-commerce giant Shopify Inc. (NYSE: SHOP) is one of those tech stocks still very much trading in the shadow of its COVID-era highs. Its story is one of an eye-watering rally and a painful, nearly 90% crash from which it's still recovering. However, that's the...
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Prepare for a Silver Surge: Best Mining Stocks to Watch Now
2024 Sep 26, 3:23pm | 830Investors cautious about the Federal Reserve's September rate cut—confirmed at its mid-month meeting to be a full 50 basis points—and skeptical about the strength of the dollar have flocked to gold, sending the most famous safe haven commodity soaring to record highs. But there is...
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Inflation Data 'Will Be Watched Like A Hawk' Friday After Fed's Interest Rate Cuts
2024 Sep 26, 2:58pm | 584Friday's Personal Consumption Expenditure (PCE) price index report could validate the recent decision to cut interest rates and foreshadow the size of future cuts. PCE Report: The monthly PCE report is scheduled for release at 8:30 a.m. ET Friday. The data will be closely monitored by investors and...
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3 Dividend-Yielding Stocks Too Cheap to Pass Up
2024 Sep 26, 1:24pm | 692With the Federal Reserve kickstarting a new rate-cutting cycle, dividend stocks have become even more attractive. On Wednesday, the Fed made a hefty 50 basis points cut, surprising many who had anticipated a more modest 25 basis point reduction. As rates drop, dividend-paying stocks become more...
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Analysts Predict 85% Upside for Wave Life Sciences After Rate Cut
2024 Sep 26, 12:05pm | 839The Federal Reserve rate cuts have sent the market up, but some stocks are rising more than others. That includes small pharmaceutical companies like Wave Life Sciences (NASDAQ: WVE), whose shares rose 9% the day after the central bank reduced rates by 50 basis points. However, rate cuts are not...
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Why Small-Cap Stocks Could Be Ready to Outperform After Rate Cuts
2024 Sep 26, 11:45am | 628Like those represented by the iShares Russell 2000 ETF (ARCA:IWM), small-cap stocks are especially sensitive to interest rate changes. Historically, after the Federal Reserve implements rate cuts, all market cap sectors tend to rally, but small caps often outperform their larger-cap peers. This...
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US Stocks Set For Strong Start, Micron Jumps, China Commits More Stimulus: Strategist Flags 'Tremendous' Gains Near Term
2024 Sep 26, 6:59am | 1561Micron, Inc.’s (NASDAQ:MU) earnings could revitalize the sagging market momentum, with the index futures trading notably higher early Thursday. The risk-on mood was evident across the global markets as China’s commitment to stimulate the domestic economy encouraged traders. The markets...
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Ex-Obama Adviser Warns Trump's Promises Could Force Fed To Hike Rates Higher, Cites Threat To Central Bank Independence
2024 Sep 26, 4:50am | 620Jason Furman, a key figure in former President Barack Obama’s administration, has penned an opinion piece in The Dispatch warning about potential threats to the Federal Reserve’s independence under a possible second term of Republican presidential candidate Donald Trump. What Happened...
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2 Sectors Investors Should Buy Now That Rate Cuts Are In
2024 Sep 25, 2:49pm | 874Every time the Federal Reserve (the Fed) cuts interest rates, investors tend to flock to the sectors they believe will outperform the most due to historical reactions and fundamental reasoning. However, this rate cut is a bit different than the ones experienced in the recent past, as the United...