Which Financial Stocks Actually Benefit When Interest Rates Stay High?
It’s beginning to look very likely that the Federal Reserve will have to hike its target interest rate sooner rather than later.
The Fed’s preferred measure of inflation — the Personal Consumption Expenditures Price Index — was published last week by the Bureau of Economic Analysis, and it wasn’t pretty.
According to the index,
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Read MoreStock market today: Dow, S&P 500, Nasdaq futures pull back after AI rally regains its mojo
AVAV, KTOS Stocks Gain Overnight: Wedbush Calls AeroVironment, Kratos Long-Term Winners In Defense Tech
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Wedbush initiated coverage of both AeroVironment and Kratos with an Outperform rating.
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The firm said AeroVironment’s expansion across air, land, sea, space and cyber gives it a lasting competitive edge.
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Wedbush said Kratos is an overlooked supplier of critical defense software and components.
Stock market today: Dow closes above 52,000 for first time, S&P 500 and Nasdaq rally as tech gains
Why Archer Aviation Stock Plummeted Last Month But Is Gaining in July
Archer Aviation (NYSE: ACHR) stock got hit with a huge pullback last month. The company’s share price fell 30.5% over the period, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 declined 1.1% in June, and the Nasdaq Composite fell 2.8%.
While there was little in the way of fresh,
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Read MoreThe Burst
Market Commentary: 3 Breakouts Signal Santa Claus Rally
Barely a couple of weeks ago, the tenor of the markets changed. Cathie Wood, the poster girl for high growth stocks, reported massive gains among her portfolio of stocks.
In a single week, Nurix Therapeutics gained 16%, Pinterest rose by 19%, Verve Therapeutics flew higher by 18%, Ceres was up 15%, Shopify soared by 22% and Palantir was up 20%.
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Read MoreThe Ivy
Buffett Has Sold For 7 Quarters In a Row, What Happens Next?
When it comes to investing, following the actions of top investors is a much smarter play than following their words. Take Warren Buffett, for example, who has a philosophy of betting on America long-term and a reputation for having a holding period of forever. You could be forgiven for becoming complacent about how long to hold a position if you listened to that advice.
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