With 2024 quickly coming to the end, investors have plenty of reasons to build more equity exposure outside of mega caps for the new year. Source link
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In a turbulent market environment, Mars Acquisition Unit (MARXU) stock has reached a 52-week low, dipping to $5.5. According to InvestingPro data, the stock’s RSI indicates oversold territory, while trading 63% below its 52-week high of $15. This significant downturn reflects a broader trend of investor caution, as the company grapples with a challenging economic landscape. Over the past year, MARXU has seen its value decrease by a stark 47.87%, underscoring the difficulties it has faced in maintaining investor confidence and navigating market headwinds. Despite these challenges, the company maintains strong liquidity with a current ratio of 25.91, and InvestingPro…
Trader work on the floor at the New York Stock Exchange.Brendan McDermid | ReutersThe Nasdaq Composite surged Wednesday after November’s inflation report met economists’ projections, clearing the way for the Federal Reserve to cut interest rates again at its December meeting next week.The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained 0.82% to close at 6,084.19. The Dow Jones Industrial Average was the outlier, falling 99.27 points, or 0.22%, to 44,148.56.The broader tech space helped lift the market, with the Technology Select Sector SPDR Fund…
The Federal Reserve lowered interest rates on Wednesday by 25 basis points to a range of 4.25%-4.5% at its final meeting of the year and signaled that it would slow down the pace of its cuts. Along with its policy announcement, which lowered the benchmark interest rate to a range of 4.25% and 4.5%, the Fed released updated economic forecasts in its Summary of Economic Projections (SEP), including its “dot plot,” which maps out policymakers’ expectations for where interest rates could be headed in the future. Fed officials see the fed funds rate peaking at 3.9% in 2025, higher than…
Yes, it’s called Fartcoin. Yes, it is totally useless.And yes, it has nevertheless grown in value over the past week to a market capitalization of more than $800 million — about equal to those of Office Depot, Guess jeanswear, and the parent company of Steak N’ Shake.In the day after this article published, Fartcoin’s value seesawed. Starting at about $620 million (7 a.m. Sunday), it rose to a peak of $889 million before settling back $836 million at 9:35 p.m. ET Monday. The carnival-casino era of cryptocurrencies has come back with a vengeance, riding a broader wave of investment in bitcoin that was itself spurred by…
US stocks traded mixed on Wednesday as traders anticipated the Fed’s next policy move.Markets are pricing in a near-100% chance the Fed will trim rates another quarter-point this afternoon.Bets, though, are scaling that central bankers will pause their rate-cutting cycle in January.US stocks were mixed on Wednesday as traders focused their attention on the Federal Reserve’s last interest rate decision for the year. The Dow Jones Industrial Average traded higher, looking to snap its nine-day losing streak. The 10-year Treasury yield was about flat at 3.95%. Investors are waiting for the conclusion of the central bank’s December policy meeting, which…
See the stocks making movesGeneral Mills Inc’s Cheerios and Honey Nut Cheerios are displayed on the shelf of a Whole Foods Market store in Venice, California.Lisa Baertlein | ReutersThese are some of the stocks moving in midday trading on Wednesday:Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory.General Mills — The consumer products maker slid 2.6% after telling investors to expect a weaker outlook than previously expected.Jabil — The electronics components stock surged 9.5% after earnings and guidance surpassed Wall Street expectations.Click here for the full list.— Alex HarringGoldman…
LONDON, ON – VersaBank (NASDAQ: VBNK) (TSX: VBNK) announced today that it has finalized its public offering of common shares, raising gross proceeds of approximately $75 million USD. The offering, which was priced at $13.25 USD per share, resulted in the sale of 5,660,378 common shares. The stock, currently trading at $13.54, has shown mixed performance with a 28% gain over the past six months despite a recent 17% decline in the past week. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment. The bank has also provided underwriters with an over-allotment option, exercisable until…
BRENTWOOD, Tenn.—Yemin Ezra Uzi, Executive Chairman of Delek US Holdings, Inc. (NYSE:), recently acquired 3,000 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were purchased at a price of $16.50 each, totaling an investment of $49,500. The purchase comes as the stock trades near its 52-week low of $15.36, with InvestingPro data showing the company currently offers a notable 5.8% dividend yield. Following this transaction, Uzi holds 817,945 shares indirectly through Yemin Investments, LP, as well as 195,517 shares directly. This latest acquisition underscores Uzi’s ongoing commitment to the company,…
getty Megacap stocks dominated in 2024, creating nice returns for anyone invested in the Nasdaq-100 and S&P 500. Unfortunately, no financial market trend lasts forever. Many pundits believe the megacap growth could pause in 2025, leaving room for other stock market segments to take the lead. If you agree with that prediction, you may need to reset your exchange-traded fund portfolio for the year ahead. Let’s explore three critical ETF selection criteria and meet six ETFs that may be winners in 2025. Key Factors To Consider When Comparing ETFs You have many ETF options available, and choosing the right one…