UBS's Optimistic Outlook: S&P 500 Target Raised Amid Easing Trade Tensions
UBS Global Wealth Management has revised its year-end target for the S&P 500 index, now projecting it to hit 6,200, up from its previous forecast of 6,000. This update reflects UBS’s confidence in easing trade tensions and resilient corporate earnings as factors supporting market growth.
The Swiss bank’s adjustment implies a 1% upside to the index’s last recorded position of 6,141.02.
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Read MoreNvidia and Super Micro extend gains as S&P 500 flirts with record
Brian Jacobsen, chief economist at Annex Wealth Management, said, “Yields fell, the dollar weakened, and break evens rose, all suggesting that a puppet of the White House in the seat of the Chair could be bad for inflation.”
He noted that policy decisions would still rest with the broader committee, which could keep any new chair in check if needed.
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Read MoreNASDAQ Index, SP 500 and Dow Jones Forecasts – US Indices Continue to Point Higher in Premarket
NASDAQ 100 Technical Analysis
The Nasdaq 100 continues to grind higher in pre-market trading on Friday, as we are most certainly in a very bullish market and really at this point in time, I just don’t see how you could get short of this market. If we do get a pullback from the PCE numbers,
Read MoreStock market today: Dow, S&P 500, Nasdaq futures rise as Fed rate cut bets, trade talks boost spirits
The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases accelerated in May as inflation remained above the Fed’s 2% target. The release comes as investors have been closely watching data releases for signs of when, or if, the Federal Reserve will cut interest rates this year.
Read More5 Ways To Invest in the Tesla Ecosystem and Maximize Your Returns
Tesla has become one of the most recognized names in the electric vehicle (EV) industry,
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Read MoreThe Burst
Will Archer Aviation Make Flying Taxis a Reality?
For decades, flying cars have been the stuff of science fiction. But now, they’re inching closer to becoming part of our everyday lives and Archer Aviation (NYSE: ACHR) is one of the startups trying to make that future take off.
Archer is building what’s known as eVTOLs, electric vertical takeoff and landing aircraft.
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Read MoreThe Ivy
How To Get Quantum Stock Exposure Intelligently
Quantum is all the buzz but the risks are super high so how do you get exposure to the industry without betting the farm on any given stock?
If I could only bet on one quantum computing stock with the potential to deliver life-changing returns, IonQ (NYSE: IONQ) is probably at the top of my list.
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Read MoreThe Spotlight
Is Berkshire The #1 Stock to Buy In This Market?
Warren Buffett isn’t just a famous investor, he’s in a league of his own. Over nearly six decades, he’s compounded Berkshire Hathaway’s value at close to 20% annually. If you invested a meagerly $100 and let it grow at that pace for 60 years, you’d end up with over $5.6 million.
Yet despite Berkshire’s trillion-dollar size today,
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