With stocks on track for yet another positive month, Oppenheimer is spotlighting several names it believes are poised to gain momentum over the next 12 months. September has been historically tough for stocks, with the S & P 500 averaging a loss of 0.7% since 1950. But this September has so far told a different story, as the broad market index has risen more than 1% month-to-date. The Nasdaq Composite and the Dow Jones Industrial Average have also seen gains, advancing 2% and nearly 1%, respectively. This comes after all three major averages recovered from the Aug. 5 global sell-off…
Author: usaeverydaylife
U.S. crude oil prices fell nearly 3% on Thursday on a report that Saudi Arabia is committed to pressing ahead with production increases later this year.Saudi is prepared to ditch its unofficial oil price target of $100 per barrel, people familiar with the kingdom’s thinking told The Financial Times. Saudi officials are ready to increase oil production in December even if the move results in a prolonged period of low oil prices, the people said.Here are Thursday’s closing energy prices:West Texas Intermediate November contract: $67.67 per barrel, down $2.02, or 2.9%. Year to date, U.S. crude oil is down more…
U.S. President Joe Biden meets with Ukraine’s President Volodymyr Zelenskyy at the White House in Washington, U.S., September 26, 2024. Elizabeth Frantz | ReutersU.S. President Joe Biden announced more than $8 billion in military assistance for Ukraine on Thursday to help Kyiv repel Russian invaders, using a visit by President Volodymyr Zelenskyy to make a major commitment.The aid includes the first shipment of a precision-guided glide bomb called the Joint Standoff Weapon, with a range of up to 81 miles (130 km). The medium-range missile gives Ukraine a major upgrade to the weapons it is using to strike Russian forces, allowing the Ukrainians to do…
Caitlin Clark is a tough grader.In her 2024 rookie season with the Indiana Fever, the Iowa-legend-turned-WNBA-superstar drew more eyes to women’s professional basketball in the U.S. than the league had ever seen. Yet all she would call her first professional year was “solid.”On Wednesday, the 22-year-old was far more focused on what lay ahead.“I know there’s a lot of room for me to continue to improve,” Clark said after the Fever were knocked out of the playoffs by the Connecticut Sun.“I feel like I had a solid year, but for me, the fun part is I feel like I’m just…
The Chinese central bank unrolled the most significant stimulus program since the COVID-19 pandemic and Chinese equities are starting to show signs that the long history of underperformance relative to western equities could possibly be on borrowed time. The name that has already demonstrated leadership that we want to focus on should this move into Chinese names continues is Tencent Holdings (TCEHY) . Before we get further into the company specifics it’s important to reiterate that Chinese equities have under-performed U.S. equities since 2007. The People’s Bank of China (PBOC) unveiled a multiple trillion USD package to boost the sagging economy…
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. Lost steam: Stocks are up Thursday, but the S & P 500 has come well off its highs of the morning. Similarly, the tech-heavy Nasdaq initially was off to a blistering start in reaction to chipmaker Micron ‘s upbeat commentary, but the index lost some steam alongside the semiconductor group. One potential reason chip stocks gave back some gains as the day progressed: The Wall Street Journal reported AI server maker…
U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life.To rank the 89 countries listed, U.S. News and World Report, global marketing and communication services company WPP and the Wharton School of the University of Pennsylvania surveyed nearly 17,000 people worldwide from March 22 to May 23, 2024.The best countries for quality of life were scored across the following metrics:AffordableGood job marketEconomically stableFamily-friendlyIncome equalityPolitically stableSafeWell-developed public education systemWell-developed public health systemOne country noticeably missing from the top 10 is the United States. It ranked No. 22 in terms of…
MONTREAL — When Austin Kaiser arrives at a PGA Tour stop, he first does his homework: He walks every inch of the golf course for his player, Xander Schauffele. Maybe he talks to a few other caddies along the way, chatting with a buddy or two as he scribbles notes and maps greens in his yardage book. But if Kaiser finds something — a particular yardage that might be useful, a piece of relevant information about the 18-hole conundrum ahead — he resists the urge to share it. Kaiser, now a two-time major-winning caddie, has learned to keep his lips…
Look to a few major mythological characters in the Greek pantheon that are marvelous representations for the world’s economic superpowers: Atlas, Sisyphus and Narcissus. This summer, the World Bank raised its forecast for global growth to 2.6% from 2.4% this year. The increased growth estimate was the result of expectations for the U.S. to grow 2.5%, compared to an estimated 1.6% rate at the beginning of 2024. That bump in expected U.S. growth accounted for 80% of the upgrade to global expansion prospects. In short, the world is standing on the shoulders of the United States as America acts as…
What’s good for memory chipmaker Micron Technology is good for stocks tied to data centers and AI-enabled consumer electronics — two tech trends with robust representation in the Club portfolio. Shares of Micron soared on Thursday following after-the-bell quarterly beats on earnings and revenue and rosy guidance. The Micron pop led to broad-based early strength in semiconductor stocks and other tech names. Despite a cooling off of that rally in afternoon trading, the reasons for the move remain sound: the artificial intelligence boom is driving business at Micron. While not in the portfolio, we’re looking at Micron and its various…
