The market is being bogged down by geopolitical risk amid escalating tensions in the Middle East , and the gains we’ve seen likely wouldn’t have been without the rise in oil and other risk assets. For those looking to hedge against geopolitical risk, stocks are actually a pretty good way to do so, along with oil and gold. Bank of America looked at the best performers in the three and six months after major geopolitical events, including the Iraq War and Russia’s invasion of Ukraine . The investment bank found that oil has historically been the best performer in the…
Author: usaeverydaylife
Despite the major indexes trading near their all-time highs, there are still plenty of stocks that JPMorgan is bearish on in the coming quarter. Stocks managed to pull off a record performance in September — despite the month being traditionally difficult for the market — after the Federal Reserve cut rates for the first time in four years. But stocks may not be in the clear just yet, as historical trends also show October as a choppy month for equities. FactSet data showed that on average, the S & P 500 has posted a daily move of 1.3% in either…
Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. Analyst Matthew Boss raised the stock’s price target and third-quarter earnings estimate, saying its brands, which include Hollister, showed momentum during the recent back-to-school shopping season. Spirit Airlines , JetBlue Airways — Ultra-low-cost carrier Spirit plunged 26% following a report from The Wall Street Journal that it is potentially filing for bankruptcy after its failed merger with peer airline firm JetBlue. JetBlue shares jumped more than 15% on…
This article is part of our Origin Stories series, an inside look at the backstories of the clubs, drivers, and people fueling the sport.As Chloe Chambers navigated the final lap of Race 2 in Barcelona on her way to her first win in F1 Academy, she took a different approach.The American driver was laser-focused, making sure to keep the lap clean. But with the gap she built to the rest of the field, she could take the final corner around Circuit de Barcelona-Catalunya slower than usual.“I just drove that last lap and took the time to realize what had happened…
Meta CEO Mark Zuckerberg holds a smartphone, as he makes a keynote speech at the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | ReutersFacebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs.Samples of Movie Gen’s creations provided by Meta showed videos of animals swimming and surfing, as well as videos using people’s real photos to depict…
Geopolitical tension continues to escalate in the Middle East. Crude oil is nearly $10 higher since October officially kicked off. I believe the price of WTI crude will push even higher in October. I want to use the 2024 lagging Energy Select Sector SPDR ETF (XLE) as way to express my short-term bullish view on the price of oil. XLE YTD mountain Energy Select Sector SPDR, YTD Oil markets are measuring the possibility of an imminent air strike by Israel on Iran’s crude and energy facilities. This potential reaction by Israel is due to Iran’s missile strike earlier this week.…
Attendee inspect Smith and Wesson firearms at the National Rifle Association’s (NRA) annual meeting, in Indianapolis, Indiana, U.S., April 28, 2019.Bryan Woolston | ReutersWASHINGTON — The Supreme Court on Friday took up a series of new cases ahead of its new term, including a bid by gun companies to evade a lawsuit filed by the Mexican government and a workplace sex discrimination dispute over claims a woman was discriminated against because she is straight.The court’s nine-month new term officially starts on Monday.In the gun case, Mexico officials say gun companies should be held accountable for violent crime across the border involving their products.The case…
The Ubisoft logo displayed during the Brand Licensing Europe at ExCel London on September 24, 2024.John Keeble | Getty ImagesShares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company.Bloomberg News reported Friday that Tencent and the Guillemot family, which are both minority shareholders of Ubisoft, are considering a buyout among other options after the company lost more than half its market value this year.Shares of Ubisoft were last trading around 30% as of 3:20 p.m. London time.This is a…
Goldman Sachs says a period of underperformance for LivaNova stock could be ending and see shares gain more than 20%. “As the business produces consistent results and the margin profile is enhanced, we think this period of underperformance fades into the rear view mirror,” analyst David Roman wrote on Friday. Roman initiated coverage of the medical device stock with a buy rating and a $65 per share price target. The analyst’s forecast implies 22% upside from Thursday’s $53.21 close. LivaNova is primarily focused on producing devices used for cardiac surgery and neuromodulation, the ladder of which being a method of…
The fourth quarter is just getting started, and RBC Capital Markets sees some stocks slated for growth in the months ahead. October has been off to a shaky start. While the first session of the month was a losing one for stocks, that changed on October’s second day of trading, with the indexes closing marginally higher. All three major averages are still in the red week to date, however. This comes after September marked the fifth straight winning month for both the S & P 500 and the Dow Jones Industrial Average . Looking ahead, RBC unveiled a list of…
