Tech Stocks Surge As Fed Cuts Rates, Powell Signals More Easing Ahead
Tech stocks rallied Wednesday after the Federal Reserve delivered a 25-basis-point rate cut and Fed Chair Jerome Powell signaled more easing could be coming — a shift partly driven by a cooling labor market and growing downside risks to employment.
The Nasdaq 100 – as closely tracked by the Invesco QQQ Trust QQQ – recouped all morning losses and turned positive heading into the close,
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Read MoreAs Drone Stocks Skyrocket, Cathie Wood Can’t Get Enough of This 1 Name
The drone industry has captured investor attention as autonomous systems are poised to reshape sectors such as defense and logistics, among many others. Cathie Wood’s ARK Innovation ETF (ARKQ) reflects this conviction, with Kratos Defense & Security Solutions (KTOS) commanding the second-largest position at 10.31% of the portfolio.
While Tesla (TSLA) is the ETF’s top holding at 13.60%,
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Read MoreMarket Whales and Their Recent Bets on CRDO Options
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $180.0 for Credo Technology Group over the last 3 months.
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Read MoreXRP Price News: Holds Above $3 With Market Structure Bill, ETFs, and the Fed in Focus
Traders also eye the Fed meeting on Wednesday, September 17. Economists expect the Fed to cut interest rates and project multiple rate cuts, potentially lifting demand for cryptos.
The Fed’s policy stance could boost institutional and retail demand for XRP products, including the REX-Osprey XRP ETF. Still, investors may need to wait until October to gauge true institutional demand for XRP through spot ETFs.
Read More1 Top Stock to Buy Right Now That Warren Buffett Has Been Buying
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Berkshire Hathaway has been accumulating Pool Corp shares over the last few quarters.
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Pool’s fundamentals look resilient, with steady margins and a rising full-year earnings outlook.
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At roughly a high-20s price-to-earnings multiple, the stock isn’t cheap. But it’s reasonable for a quality distributor with a long runway.
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Read MoreThe Burst
The AI Gold Rush Has an Overlooked Winner
Chipmakers, cloud giants, and software platforms are all basking in the AI spotlight. But there’s a truth hiding beneath the frenzy, which is that none of this technology can function without massive amounts of electricity. And that’s where Dominion Energy steps in.
Key Points
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AI will triple U.S.
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Read MoreThe Ivy
Should You Follow This Billionaire Into Nvidia?
Billionaires tend to be especially skilled at spotting seismic shifts in industries before the crowd catches on. Recently, one stock has managed to capture the imagination of both a cautious billionaire and aggressive hedge fund managers alike, a company that sits at the very heart of artificial intelligence Nvidia.
Key Points
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David Tepper dramatically increased their Nvidia stakes,
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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.
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