The stock market’s feverish rally following Donald Trump’s presidential election victory may have just been an early appetizer for a strong few months of gains. “Exuberance lies ahead,” Julian Emanuel, who leads the equity, derivatives, and quantitative strategy team at Evercore ISI, wrote in a note to clients Wednesday night. “President-Elect Trump will move fast on policy initiatives, and stocks will move fast in response.” Emanuel, who already had a 6,000 call on the S&P 500 for 2024, now sees the S&P 500 hitting 6,600 by the end of June 2025, about an 11% increase from its current level. A…
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I had the chance to drive one of the newly revived Chevrolet Blazers when the iconic model name was reintroduced in 2019. This new Blazer was a stylish crossover with decent power and a comfortable ride. Personally, I found its modern version appealing, but not everyone shares that sentiment. Whenever the conversation turns to the new Blazer, I always hear comments along the lines of, “They should’ve brought it back as an off-roader like the old ones.” This classic Blazer retains all the rugged, boxy charm that defined the original models, with some impressive enhancements. Known as a “Square Body,”…
Investing.com – Spain stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Madrid, the gained 0.69%. The best performers of the session on the were ArcelorMittal SA (BME:), which rose 6.60% or 1.53 points to trade at 24.70 at the close. Meanwhile, Acerinox (BME:) added 4.70% or 0.43 points to end at 9.47 and Banco Bilbao Vizcaya Argentaria SA (BME:) was up 4.15% or 0.37 points to 9.34 in late trade. The worst performers of the session were Laboratorios Farmaceuticos ROVI (BME:), which fell 12.29% or 9.30…
Caroline Ellison, former chief executive officer of Alameda Research LLC, arrives at court in New York, US, on Tuesday, Sept. 24, 2024.Michael Nagle | Bloomberg | Getty ImagesCaroline Ellison, the star witness in the prosecution of FTX founder Sam Bankman-Fried, reported to a low-security federal prison in Connecticut on Thursday, according to a spokesman for the Bureau of Prisons.In September, Ellison was sentenced to two years in prison and ordered to forfeit $11 billion for her role in the massive fraud and conspiracy that doomed the cryptocurrency exchange once valued at $32 billion.The federal Probation Department had recommended that Judge Lewis…
Image source: Getty Images Having done rather well over 2024, the Auto Trader (LSE: AUTO) share price slammed into reverse today (7 November) as the market digested the latest set of half-year results from the company. Since I’ve long admired the FTSE 100-listed automotive platform for its ability to steadily compound investors’ wealth, is this my golden opportunity to buy in? What’s the problem? At first glance, the headline numbers looked pretty good to this Fool. Group revenue rose 8% to £302.5m in the six months to the end of September, while operating profit increased 14% to £188.4m. Retailer revenue…
SAN MATEO, Calif.–(BUSINESS WIRE)–Franklin Universal Trust [NYSE: FT] today announced a monthly distribution from net investment income of $0.0425 per share, payable on November 29, 2024, to shareholders of record on November 18, 2024 (Ex-Dividend Date: November 18, 2024). The Fund’s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. Distributions may vary based on the Fund’s net investment income. Past distributions are not indicative of future trends. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount…
The moves you make with your gold right now could have a big impact on your portfolio. Getty Images Gold has been a standout investment in recent months, outperforming traditional assets such as stocks and bonds. The precious metal reached a historic peak of $2,758 per ounce in October 2024, marking an impressive 38% increase from just a year ago. Several factors drove this surge, including inflation, rising interest rates and global tensions that made investors seek safer options.Now, things are starting to shift as we close out 2024. Inflation is cooling down. The Federal Reserve is talking about cutting…
In 2014 and 2015, LA’s show-business glitz at last collided head-on with the more unassuming world of Silicon Valley’s venture capital. An emerging trend, wherein stardom transitioned from the Billboard charts and Hollywood screen to the adrenaline-filled world of investment, began making waves. It all seemed to begin with Jared Leto, known now not only as an Oscar winner but as an early believer in future corporate behemoths like Uber and Airbnb. Quickly on the heels of Leto’s success, the dynamic duo of Troy Carter and Lady Gaga moved into the spotlight, placing their bets on Spotify, Uber, and Dropbox.…
US stocks extended gains on Thursday as investors continued to digest Donald Trump’s electoral victory and awaited the Federal Reserve’s policy decision due this afternoon. The S&P 500 (^GSPC) rose roughly 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) moved up than 1.3% as shares of chip heavyweight Nvidia (NVDA) and e-commerce giant Amazon (AMZN) rose to new highs. Meanwhile, the Dow Jones Industrial Average (^DJI) hovered near the flat line, on the heels of a 1,500-point gain that marked the blue-chip gauge’s best day since 2022. Spirits still appeared buoyant after Trump’s presidential election win, which sent all three major…
Image source: Getty Images The S&P 500 hit a record high yesterday (6 November) following the outcome of the US election. The index finished up 2.53% to close at 5,929 points. Even though the index did well, some individual US performers did even better. Based on the type of stocks that rallied, I feel I can learn something about what could happen from here. Takeover potential The best performing stock yesterday was Discover Financial Services. The share price jumped by 20%. This also relates to Capital One, which surged by 15%. There’s currently a $35bn deal on the line, with…