On Monday,$Apple(AAPL.US)$shares surged to a record high after analysts from Loop Capital and Morgan Stanley raised their price targets, citing the company's strong position in AI. Loop Capital upgraded Apple stock to "buy" and increased their price target to $300, highlighting the potential impact of generative AI with new iPhones. Check Out the Latest Apple Stock Forecasts from More Banks: M...
US Stock Market Review 8 – 12 July 2024 $Dow Jones Industrial Average(.DJI.US)$+1.59% $S&P 500 Index(.SPX.US)$0.87% $NASDAQ(NASDAQ.US)$+0.25% Analysist bets that the US Federal Reserve (Fed) will cut interest rates in September as the price index (CPI) was reported lower than the expectation Event to watch: 16 July US retail sale US core retail sales, 17 July US Crude oil inventory, 18 July US Philadelphia Fed Man...
Goldman Sachs argues that the Fed will soon begin cutting rates. The market almost fully expects a rate cut in September, which remains Goldman’s base case, but they believe there is sufficient reason for a cut as early as the July meeting. Goldman presents three main reasons for this: Firstly, if the reason for cutting rates is clear, why wait seven weeks to implement it? Secondly, monthly inflation fluctuations can be signi...
Investors bet that the unsuccessful assassination attempt on former President Donald Trump would be a tailwind for the Republican presidential candidate and his party in November’s election. A victory for the GOP at the polls could pave the way for favorable tax and fiscal policies for investors. The market also continued its rotation into small-cap stocks, with the$Russell 2000 Index(.RUT.US)$rising 1.8% during Monday’s session. Tom Lee, the head of research at Fundstrat Global Advisors, think...
Powell reiterated that recent inflation data was “quite good,” suggesting there’s no need to wait until it drops to 2% to cut rates. The “Fed whisperer” commented that Powell’s latest remarks imply rate cuts are imminent, although he did not reveal specific timing, which does not alter market expectations for a pause at the July meeting. Some analysts believe a rate cut in September is most likely. Powell also noted that if the labor market weakens unexpectedly, it ...
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Check Out the Latest Apple Stock Forecasts from More Banks:
M...
$Dow Jones Industrial Average(.DJI.US)$+1.59%
$S&P 500 Index(.SPX.US)$ 0.87%
$NASDAQ(NASDAQ.US)$ +0.25%
Analysist bets that the US Federal Reserve (Fed) will cut interest rates in September as the price index (CPI) was reported lower than the expectation
Event to watch: 16 July US retail sale US core retail sales, 17 July US Crude oil inventory, 18 July US Philadelphia Fed Man...
Firstly, post-pandemic inflation seasonal factors may exaggerate the slowdown in core inflation.
Secondly, oil, cars, and housing—three main factors slowing inflation—do not reflect weakened demand.
Thirdly, the labor market remains robust, and unfavorable inflation factors will increase monthly.
$S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$
$S&P 500 Index(.SPX.US)$ $CBOE Volatility S&P 500 Index(.VIX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$ $ProShares UltraPro QQQ ETF(TQQQ.US)$
The market also continued its rotation into small-cap stocks, with the $Russell 2000 Index(.RUT.US)$ rising 1.8% during Monday’s session. Tom Lee, the head of research at Fundstrat Global Advisors, think...
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