Stock Market Today: Nasdaq, Dow Futures Gain On 3rd Day Of Shutdown—Rumble, Riggeti, Kodiak In Focus
U.S. stock futures advanced on Friday following Thursday’s record advances. Futures of major benchmark indices were higher.
Wall Street was unfazed by the shutdown as the AI-led optimism led the markets higher, even as most S&P 500 sectors declined on Thursday, information technology and communication services advanced.
This Stock Has Doubled in the Past 6 Months: Is It Too Late to Buy?
Key Points
-
Tilray Brands’ shares are gaining ground on the possibility of cannabis legalization in the U.S.
-
However,
» Read more about: This Stock Has Doubled in the Past 6 Months: Is It Too Late to Buy? »
Read MoreSwanky Senate retreats face scrutiny amid federal government shutdown
The campaign arm of Senate Republicans is scheduled to meet in Sea Island this weekend for some fishing, golf and pickleball while hundreds of thousands of federal workers remain out of work during the government shutdown.
The National Republican Senatorial Committee has been quiet about the meeting since it was first reported by Politico.
» Read more about: Swanky Senate retreats face scrutiny amid federal government shutdown »
Read MoreBullish Week: Asian Markets Gain Amid Fed Rate Cut Speculations
Asian markets are experiencing a strong week, with investors buoyed by increased odds of the Federal Reserve cutting interest rates soon. Despite the U.S. government shutdown, which has halted scientific research and delayed economic data, such as Friday’s jobs report, the markets remain resilient.
A historically muted reaction to shutdowns is credited for this resilience.
» Read more about: Bullish Week: Asian Markets Gain Amid Fed Rate Cut Speculations »
Read MoreGold Hits $4,000 per Ounce. Here Are 3 Top Gold ETFs to Buy Now.
Gold continues to crush the S&P 500 as demand outpaces supply.
The price of gold surpassed $4,000 per ounce on Oct. 6. The precious metal is up a staggering 51% year to date, outpacing the 15.3% gain in the S&P 500.
But what makes gold’s move even more jaw-dropping is that the price of the yellow stuff is up 116% in just two years —
» Read more about: Gold Hits $4,000 per Ounce. Here Are 3 Top Gold ETFs to Buy Now. »
Read MoreThe Burst
Market Commentary: 19 Stocks with Ridiculous Cash Flows
When the economic winds of fortune change, the old saying goes that cash is king but maybe it should be cash flows are king. A company that can spit out enormous sums of cash with predicability may offer a safe haven at a perilous time. To find out what companies stand out, a little-known metric called CROCI is very useful.
» Read more about: Market Commentary: 19 Stocks with Ridiculous Cash Flows »
Read MoreThe Ivy
Billionaire Einhorn’s Most Undervalued Stock
David Einhorn is the billionaire money manager who founded Greenlight Capital, an asset manager that produced a 16.5% annualized return from 1996 to 2016 and cemented his legacy as one of the top fund managers of our era.
In his $1.7 billion fund, Einhorn has a host of stocks that appear to be substantially undervalued but one tops his list as the most undervalued,
» Read more about: Billionaire Einhorn’s Most Undervalued Stock »
Read More