The U.S. stock market recently celebrated the two-year anniversary of its bull run, with the Dow Jones Industrial Average and S&P 500 ending the week at record highs. Despite ongoing concerns about inflation and uncertainty regarding future interest rate cuts by the Federal Reserve, analysts believe stocks could continue to...
Elon Musk unveiled the Robovan and a new version of the Optimus humanoid robot at Tesla’s highly anticipated event in Southern California on Thursday night. In addition to showcasing the Cybercab, Tesla’s latest robotaxi prototype with no steering wheel or pedals, Musk introduced the Robovan, a futuristic, boxy vehicle designed...
Buying pressure on the Dow Jones Industrial Average has reached historic levels across multiple time frames, according to SentimenTrader. In a recent note, Jason Goepfert, senior research analyst, pointed out that the Dow has risen in 152 of the past 250 trading days—an impressive win rate of nearly 61%. The...
Analysts are confident that Nvidia’s new Blackwell chip lineup is positioning the company for a strong financial performance next year. While Nvidia’s most recent earnings report didn’t exceed forecasts as significantly as in prior quarters, many on Wall Street believe the company is set to outperform moving forward. Cantor Fitzgerald...
DataTrek’s Nicholas Colas points out that the financial sector is “much more than just banks,” as investors await JPMorgan’s third-quarter earnings report, expected Friday. Last week, all three major U.S. stock indexes posted gains for the fourth straight week, driven by a stronger-than-expected jobs report. The financial sector of the...
As third-quarter earnings season begins, Goldman Sachs has once again raised its target for the S&P 500. Led by David Kostin, the Goldman Sachs team has now increased its forecast for the S&P 500 to 6,000 in the next three months, up from the previous estimate of 5,600. Looking further...
