Image source: Getty Images At 8,220 points, the FTSE 100 is less than 200 points away from the all-time highs that were reached earlier this year. Yet as we start the final quarter of the year, there are several reasons being flagged as potential catalysts for a strong push higher through to year-end. Here’s why I think that 9,000 points isn’t unrealistic, as well as a stock that could help the rally. Faster cuts One factor would be faster-than-expected interest rate cuts in November and December from the Bank of England. In an article released last week, Governor Bailey hinted…
Author: user
This article summarizes the most significant insider buying and selling activities reported for US stocks on Tuesday, October 8, 2024. Top Insider Buys: • FrontView REIT, Inc. (NYSE:FVR): Alyeska Investment Group, a significant shareholder in FrontView REIT, Inc., has increased its stake in the company. The investment group purchased 810,810 shares worth approximately $15.5 million at an average price of $19.11. The transactions were executed on October 3, 2024, through multiple acquisitions of 135,135 shares each. This substantial investment demonstrates Alyeska’s continued confidence in the real estate investment trust’s future prospects. • Eton Pharmaceuticals , Inc. (NASDAQ:): Opaleye Management Inc.,…
Interactions with readers since Budget 2024 have made us realise that some investors are unaware of the difference between tax harvesting and portfolio rebalancing. One could also add “profit booking” into the mix. In this article, we explain the difference between these actions.Profit Booking: This is a fallacy. You cannot redeem only profits from the capital markets. You buy at market price and sell at market price. So, any redemption will always have some part principal and some part capital gain.The redeemed amount is pushed to fixed income instruments – savings account (where it waits for a “dip”) or FD…
Image source: Getty Images Investing in S&P 500 growth stocks can be a great way to beat the market and boost investment returns. Just ask anyone who put money into Nvidia five years ago (it has turned $2k into nearly $60k over that period!). Here, I’m going to highlight three S&P 500 stocks I believe will outperform global index funds and ETFs over the next five years. For any investor looking to turbocharge investment returns, these stocks could be worth considering. A digital advertising powerhouse First up is Amazon (NASDAQ: AMZN), the major player in online shopping, cloud computing, and…
My top 10 things to watch Wednesday, Oct. 9 1. The S & P 500 is little changed a day after a nearly 1% bounce-back rally. Tuesday’s gains for the market were driven, in part, by a pullback in oil prices, which had been climbing on Mideast tensions. Crude was modestly lower Wednesday morning. 2. The Justice Department is considering asking a federal court to break up Google. The DOJ announcement late Tuesday follows an August ruling that deemed the Alphabet -owned search giant a “monopolist.” I’m not a fan of DOJ’s proposed remedies. They seem overly punitive and designed…
Wednesday, an analyst from KeyBanc increased the stock price target for The Trade Desk (NASDAQ:) shares to $130 from the previous $115 while keeping an Overweight rating on the stock. The analyst expects the company’s revenue to at least meet the projected $623 million, which is slightly above the consensus estimate of $620 million. Moreover, there is a belief that the fourth-quarter guidance might surpass both the analyst’s and the Street’s forecasts of $753 million and $750 million, respectively. The Trade Desk, a prominent player in the advertising technology sector, is anticipated to experience a growth in revenue of over…
Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, YouTube or wherever you find your favorite podcasts.Some shine is due to come off the red-hot gold trade.“Gold is fascinating, and I think people are certainly starting to hedge their bets,” Kathryn Rooney Vera, chief markets strategist at StoneX, told Yahoo Finance Executive Editor Brian Sozzi on the Opening Bid podcast (video above; listen below). Gold is beginning to look “long in the tooth,” said Rooney Vera, adding, “I would also realize gains anticipating some correction therein.”This embedded content is not available in your region.Gold (GC=F) has been one of…
Image source: Getty Images Today (9 October), UK small-cap stock Netcall (LSE: NET) delivered a pleasing full-year results report. I’d give it some serious consideration as a potential buy if I wasn’t already fully invested without any spare cash. An attractive sector The business operates as a provider of intelligent automation and customer engagement software. That’s promising because software is a sub-sector of the market that has produced some multi-bagging growth businesses over the past few years. However, smaller companies do come with elevated risks. This one has a market capitalisation of just £141m and it lives in the FTSE…
On Wednesday, Citi maintained a Buy rating on Cummins (NYSE:CMI) and increased the price target to $375 from $345. The revision reflects updated earnings per share (EPS) estimates for the upcoming years, as detailed by the firm’s latest model changes. The firm has adjusted its 2024 EPS estimate for Cummins upward to $19.65, a slight increase from the previous $19.55 forecast. This adjustment is attributed to more optimistic projections for the North American On-Highway market, which is expected to perform better than initially thought. Conversely, the 2025 EPS estimate has been revised downward to $21.65 from $21.75. This decrease is…
US stock futures stalled on Wednesday as the risk of a Google breakup prompted a pause for thought in the wait for more Federal Reserve clues to the chances of a “soft landing.”Futures on the Dow Jones Industrial Average (YM=F), the S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all hovered below the flat line, paring earlier premarket losses.Stocks have whipsawed this week amid intense debate over the state of the economy now the Fed has finally eased up on policy. Its decision to cut by a jumbo 50 basis points raised concerns it might see risks the market…