NASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Look Positive in Premarket Trading
NASDAQ 100 Technical Analysis
The Nasdaq 100 has found itself a little bit positive in pre-market trading as it looks like we are, in fact, trying to continue the upside. We had broken above the top of the channel and had a little bit of a wiggle during the Thursday session,
Read MorePrediction: These 2 Magnificent S&P 500 Growth Stocks Will Crush the Market Over the Next 5 Years
Both of these companies are proven winners with continued long-term potential ahead.
They say past success is no guarantee of future performance. This is true. However, companies that have historically outperformed broader equities over long periods sometimes still have the qualities and growth fuel they need to continue doing so.
Fed's Powell: Stock market is helping support consumer spending now
Fed Chair Jerome Powell acknowledged Wednesday that the soaring stock market is helping support consumer spending — and the overall economy — right now.
If the market goes down, Powell said, it could hurt consumer spending. But spending wouldn’t take a large hit unless the market plunged.
“I think it’s certainly a factor supporting consumption right now,”
» Read more about: Fed's Powell: Stock market is helping support consumer spending now »
Read MoreInterested in Stock Market Gains? Here's the Average Portfolio for People in Their 40s
Key Takeaways
- According to Empower, the average person in their 40s holds about half their portfolio in stocks, with the rest split between cash, alternative investments, and a small amount of bonds.
- In this age group, experts suggest you have about three times your current income saved for retirement and invest anywhere from 70% to 80% in stocks.
Yen softens after Bank of Japan holds interest rates
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» Read more about: Yen softens after Bank of Japan holds interest rates »
Read MoreThe Burst
This AI Darling Doubled Revenue, So Why Aren’t Profits Showing Up?
SoundHound AI has been one of the market’s more surprising winners in the AI boom. The conversational AI technology has found its way into restaurants, cars, healthcare systems, and even financial institutions.
Over the past year, the stock has soared nearly 3x as revenue growth has consistently blown past expectations.
But revenue growth alone doesn’t pay the bills and while analysts loves a good growth story,
» Read more about: This AI Darling Doubled Revenue, So Why Aren’t Profits Showing Up? »
Read MoreThe Ivy
Why Realty Income May Be Standing on the Edge of a Major Comeback
Over the past decade, the S&P 500 has rocketed more than 4x but Realty Income, a mere 2x and change. Not disastrous, you’d still have more than doubled your money, but far from spectacular. Yet this may be exactly where the story gets interesting.
After years of lagging, the company known as “The Monthly Dividend Company” could be sitting at an inflection point,
» Read more about: Why Realty Income May Be Standing on the Edge of a Major Comeback »
Read MoreThe Spotlight
Could Lemonade’s AI Insurance Engine Turn $1 Billion Into $10 Billion
After months of market jitters, earnings season has brought a wave of upbeat results, and stocks tied to improving outlooks are rallying hard.
Many investors who sat on the sidelines during the downturn are now realizing they may have missed some exceptional entry points.
But the best opportunities are about finding businesses with a runway long enough to turn today’s price into tomorrow’s fortune.
» Read more about: Could Lemonade’s AI Insurance Engine Turn $1 Billion Into $10 Billion »