Earnings next week will be key to where stocks head from here. There will be a significant jump in the number of companies set to report third-quarter results in the days ahead. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index plans to report next week. Among the more notable names will be Amazon and Tesla , which will serve as precursors to the big slate of mega-cap results due out the following week. .SPX 5D mountain S & P 500 over five days With the macroeconomic calendar light…
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If the stock market finishes October with returns similar to those already recorded since April, historical data shows there is even more upside on the horizon. Nerad + Deppe Wealth Management’s Steve Deppe found 12 other examples since 1950 when the S & P 500 ended October with a six-month trailing return above 10%. The six-month trailing return on the S & P 500 is currently north of 15%. In every similar case, going all the way back to when Harry Truman was president, the broad index went on to finish December higher than where it ended October. On average,…
Courtroom sketch depicting Judge Tanya Chutkan in an exchange with Donald Trump’s lawyers. Donald Trump on Friday called the judge presiding over his criminal election interference case in Washington, D.C., “the most evil person” for ordering the release of nearly 1,900 pages of previously sealed documents filed by prosecutors.Trump suggested U.S. District Court Judge Tanya Chutkan made the files public to harm the Republican presidential nominee’s chances in November’s election.”Now, it’s a terrible thing, what’s happening and the judge is, this judge is the most evil person,” Trump said on Dan Bongino’s podcast.”What judge would say ‘we’re going to release something,…
Part V of a five-part series ahead of the 2024-25 NBA season, chronicling how the league reached this era of parity and the key questions that remain.• Part I | Part II | Part III | Part IVGoing back to the days of George Mikan’s Minneapolis Lakers and continuing through to Stephen Curry’s Golden State Warriors, dynasties have been a hallmark of the NBA.But perhaps not anymore. Not in the parity era.For the past week, The Athletic’s reporters have explained how and why dynasties appear to be remnants of the past. And, now, we’re expanding the conversation further.Why would the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Chris Metinko of Crunchbase breaks down the latest VC funding data for web3 startups. Source link
It’s time to step back into health-care stocks, according to Wolfe Research. The sector was one of the worst performing over the past month, pulling back over 4% from September to October, technical analyst Rob Ginsberg wrote in a note on Tuesday. “As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back through the 50 day [moving average] on this relief rally,” he said. “Not yet overbought, it looks to us like the early innings of a reacceleration back towards the highs. If this is the case, stocks across the sector should reap the benefit.” XLV YTD…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: The S & P 500 is on pace for another record close and its sixth straight positive week. That would mark the broad index’s longest win streak of 2024; it has twice registered five-week win streaks this year. Looking back, the S & P 500 hasn’t had a down week since the Fed cut interest rates by 50 basis points on Sept. 18. It’s pretty remarkable. But earnings will have…
Troy Aikman was exasperated — and honest.“I don’t like the call at all,” Aikman said.Aikman, ESPN’s lead analyst for “Monday Night Football,” was reacting to a penalty during the most recent game broadcast. With the Buffalo Bills up 20-17 over the New York Jets and 9:32 left in the third quarter, Buffalo linebacker A.J. Epenesa was called for a roughing the passer penalty on Jets quarterback Aaron Rodgers, a call even Rodgers described one day later as “a little ridiculous.”After the on-field explanation of the call, Russell Yurk, a former NFL vice president of instant replay and administration and now…
A freight engine and shipping containers are viewed in a Union Pacific Intermodal Terminal rail yard on November 21, 2022 in Los Angeles, California.Mario Tama | Getty Images News | Getty ImagesRecord imports over the last several months at the West Coast ports are leading to congestion on the rails, as holiday goods and everyday items pile up. Almost half of the containers bound by freight rail out of the Port of Los Angeles are waiting nine-plus days to get out of the port and onto the rail.Before the August and September container surges, the average rail dwell for the…
Range bound the past six months, silver is now toying with the prospect of an important breakout: up and out of the range in which it’s been mired. The four identical charts below tell the tale. For investors looking to get long silver, the ETF to use is the iShares Silver Trust (SLV) . SLV traded around $29.90 on Friday. Our price objective on it is $35 per share. Silver charts Chart 1 Chart 2 Chart 3 Chart 4 -Carter Braxton Worth For actionable recommendations via email and live nightly videos become a member at worthcharting.com DISCLOSURES: None. All opinions expressed…
