The ‘Fast Money’ traders talk recent market moves and what is pushing the market higher right now. Source link
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Sanctuary Wealth chief investment strategist Mary Ann Bartels sees the S & P 500 climbing more than 20% in 2025 —- with optimism surrounding technological advancements underlying her bullish case. The broad market index will rally to between 7,200 and 7,400 next year, Bartels estimates. The high end of her forecast is roughly 22% above where the S & P 500 closed Monday. “Tech and tech-related stocks continue to be the leadership in the market that will drive it higher,” Bartels told CNBC’s ” Power Lunch ” on Monday. Leadership within the technology sector is shifting to software stocks from…
Welcome back to the Monday Tennis Briefing, where The Athletic will explain the stories behind the stories from the past week on court.This week, Emma Raducanu made her plans for 2025, the off-season, well, happened and the Australian Open dealt out some not-so-wild wildcards.If you’d like to follow our fantastic tennis coverage, click here.How will Emma Raducanu handle her rise back up the rankings?Raducanu started 2024 ranked world No. 301 after an injury-ravaged 2023. Thanks to her ‘special’ ranking — the WTA term for a protected ranking — and the occasional wildcards that come the way of a Grand Slam champion,…
Small-cap stocks can make a smart holiday gift for investors, and now looks like the time to buy the dip, according to BTIG. The small-cap Russell 2000 seems to be running out of steam as the end of the year approaches, with the index down nearly 3% in December. However, BTIG technical strategist Jonathan Krinsky said in a note to clients that the recent dip for small caps fits well into a historical pattern that often includes a rally around the start of the new year. “‘Tis the season for small-caps historically, with mid-December weakness turning into strength into mid-February.…
Broadcom CEO Hock Tan.Lucas Jackson | ReutersAfter topping $1 trillion in market cap on Friday and soaring 24% for its best day on record, Broadcom’s stock jumped another 11% on Monday, driven by increased price targets from Wall Street.The latest rally was spurred by Broadcom’s better-than-expected earnings report late Thursday, and an uplifting outlook for the first quarter. Broadcom, which sells semiconductors and infrastructure software, is seeing soaring demand from the boom in generative artificial intelligence and reported a 220% jump in AI revenue for the year to $12.2 billion.Goldman Sachs analysts, who recommend buying Broadcom shares, lifted their 12-month…
An advocate holds a sign for TikTok following a news conference outside the US Capitol in Washington, DC, US, on Tuesday, March 12, 2024.Graeme Sloan | Bloomberg | Getty ImagesTikTok asked the Supreme Court on Monday to temporarily block a potential ban on the popular social media app pending an appeal of a lower-court ruling.The request came days after a federal appeals court in Washington, D.C., refused to issue that injunction in favor of the app, which is used by 170 million Americans.A three-judge panel of the U.S. Court of Appeals in D.C. on Dec. 6 upheld a federal law…
After signing Juan Soto to the richest contract in sports history, people familiar with the New York Mets’ thinking about filling roster holes said the club plans to act “aggressively yet smart.”Such phrasing suggests the Mets will take their shots with some of the talent available on the market but may want to avoid being tied to another long contract. So it would seem their preference, even in some cases with large annual average values, would be to go short-term.That might mean the Mets prefer homegrown star Pete Alonso to return on a shorter deal rather than conceding entirely if Alonso’s desired figures run on…
Several stocks have seen exceptionally strong rallies in 2024 following base breakouts in 2023. Names like Palantir (PLTR) and Applovin (APP) , which are up roughly 325% and 765% year-to-date, have “gone parabolic” post-election. In steep uptrends like theirs, it can be difficult to determine when it is appropriate to take profits, and we can use the charts to help with a sell discipline. When a trend steepens, using the slope of a short-term moving average like the 20-day is helpful in determining when there has been a meaningful enough loss of momentum to warrant reducing exposure. We find that…
Emergency vehicles are parked outside the Abundant Life Christian School in Madison, Wis., where multiple injuries were reported following a shooting, Monday, Dec. 16, 2024.Scott Bauer | APA juvenile student killed two people at a Wisconsin school before police found the suspect dead at the scene of the latest shooting to devastate a U.S. campus, authorities said on Monday.At least six other people were wounded, according to police, who said children were among the dead and wounded in the shooting, which took place in the state capital of Madison.Earlier, police said five people were killed in the shooting, but later said that information was…
Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland, and Canada’s Prime Minister Justin Trudeau speak at a news conference in Ottawa, Ontario, Canada, October 6, 2021.Patrick Doyle | ReutersCanada’s Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible U.S. tariffs, dealing a huge blow to an already unpopular government.In a stinging resignation letter, Freeland dismissed Trudeau’s push for increased spending as a political gimmick that could hurt Ottawa’s ability to deal with the 25% import tariffs U.S. President-elect Donald Trump says he will impose.The resignation by…
