US economic output hits highest level since April 2022 amid 'greater optimism' among businesses
US economic output is roaring as businesses prepare for lower interest rates and the incoming Trump administration in Washington.
S&P Global’s flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 55.3 in November, up from 54.1 in October. Economists had expected the index to tick up to 54.3.
Read MoreUS business activity gauge rises to 31-month high in November
WASHINGTON (Reuters) – A measure of U.S. business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year.
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Read More3 ETFs With PLTR Exposure To Consider As Nasdaq-100 Rebalance Looms
Palantir Technologies Inc. PLTR is making a big move from the NYSE to the Nasdaq Global Select Market, effective Nov. 26.
Could this be a step toward a future inclusion in the Nasdaq-100 Index?
Investors are now watching the stock’s exposure in exchange-traded funds (ETFs),
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Read More3 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off
It’s no secret that the major market indices have been hitting new highs. Investors feel optimistic over the recently concluded presidential election amid news of a healthy economy.
However, unexpected bad news could trigger a sharp and sudden sell-off. Investors need to understand that such sell-offs are normal in the stock market. Rather than feeling surprised,
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Read MoreApple Inc (AAPL)’s AI Push: Key Insights and Market Reactions
We recently published a list of 10 AI News Stories You Can’t Miss. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other AI news stories you can’t miss.
OpenAI launched ChatGPT in late November 2022. Although it had zero fanfare when it was launched,
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Read MoreThe Burst
1 Top Trader Just Bought Netflix
Is Netflix breaking out? If you are to believe Mark Minervini, a renowned trader with a very successful track record, the answer is yes, but there’s more to the story than meets the eye.
First let’s take a look out at the chart highlighting the recent breakout above resistance of Netflix. As you can see a few days ago the share price peeked above resistance,
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Read MoreThe Ivy
Is This Buffett Stock Doomed?
With over 33 million subscribers as of 2024, Sirius XM seems like a company that has scaled and locked in a wide moat, but is there more to this Buffett stock than meets the eye.
After all, Buffett may be famous for making billions but he’s not immune to picking poor stocks from time to time.
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Read MoreThe Spotlight
457 Million Reasons to Buy This Auto Stock
When you find an investment manager overseeing $1.2 billion, it warrants further investigation when they bet one fifth of their entire portfolio on a single stock. Yet that’s exactly the conviction that Impactive Capital demonstrated by betting 20.4% of their portfolio on an automotive retailer.
Amid the universe of thousands of stocks, what is it that Impactive portfolio managers saw in Asbury Automotive that motivated them to allocate $457 million of their fund to it?
» Read more about: 457 Million Reasons to Buy This Auto Stock »