Among Meta Platforms (formerly Facebook), Apple, Amazon, Netflix, and Alphabet (formerly Google), there's one historically cheap industry leader begging to be bought and another outperformer that's priced for perfection.
US stocks (^DJI, ^IXIC, ^GSPC) closed the session higher on Tuesday, ahead of September's Consumer Price Index (CPI) report due out on Thursday. Richard Bernstein Advisors CEO Rich Bernstein joins to discuss the current market dynamics and what they signal for the Federal Reserve's interest rate strategy. Bernstein notes that investors are not fully grasping the unusual dynamic of the Fed cutting rates as corporate profits accelerate. He explains, "profits drive employment," which would typically lead the Fed to hike rates, but the opposite is occurring. He believes this is "adding fuel to the fire," creating a favorable environment for cyclical stocks. However, with the Fed basing their rate-cutting decisions on lagging economic indicators, Bernstein cautions, "I think there's a real chance that in three to six months, people will be saying the Fed cut too quickly and the economy is too strong, so maybe they have to reverse course." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith
Wall Street got back on track Tuesday, encouraged that the Fed seems confident enough in the U.S. growth picture to ease up on the easing, but investors have been reticent ahead of the release of minutes from the September FOMC where officials took the most dovish possible policy turn to ensure the US jobs machine keeps humming. By the time New York opened, markets weren't looking too impressed with China's economic jawboning after its return from Golden Week holiday. Beijing said it was "fully confident" of achieving its full-year growth target but refrained from introducing stronger fiscal steps, disappointing investors who had banked on more support from policymakers to get the economy back on track.
The actor's Netflix comedy special comes after he was hospitalized in April 2023 for an undisclosed “medical complication.”
Christopher Gillette is also sharing about which animals in his sanctuary need extra care ahead of Hurricane Milton
The situation saw Dylan Edwards robbed of the praise he deserved. Read more here.
Welcome to October Surprise, the Daily Beast’s daily countdown to the biggest election of our lifetime. It’s only 28 days until Election Day and here’s what’s happening in the race to the White House between Donald Trump and Kamala Harris.THE DOWNLOADAs Donald Trump spreads misinformation about Democrats not helping people impacted by deadly Hurricane Helene, there’s a reason he may be antsy: those victims are mostly Republicans.Read more at The Daily Beast.Get the Daily Beast's biggest scoops a
A few airports in Florida began closing and airlines canceled hundreds of flights on Tuesday ahead of Hurricane Milton's arrival. Government officials from President Joe Biden on down warned companies not to overcharge people fleeing the storm's path. “I’m calling on the airlines and other companies to provide as much service as possible to accommodate evacuations, and not to engage in price gouging — to just do it on the level," Biden said after a hurricane briefing.
SOUTH JORDAN, Utah, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading global manufacturer and marketer of healthcare technology, announced today that it will release its financial results for the quarter ended September 30, 2024, after the close of the stock market on Wednesday, October 30, 2024. Merit will hold its investor conference call on the same day (Wednesday, October 30, 2024) at 5:00 p.m. Eastern (4:00 p.m. Central, 3:00 p.m. Mountain, and 2:00 p.m
The reality TV star's teenage daughter was hospitalized earlier this week due to "severe asthma exacerbation"
Frustrations were aired as White House spokesperson Matthew Miller said repeatedly that he couldn’t give an estimate of how much money American taxpayers send annually to Israel
Boeing is examining options to raise billions of dollars through a sale of stock and equity-like securities, two sources familiar with the matter said, as the planemaker tries to avoid slipping in to junk territory on its credit ratings. In the past few weeks, Boeing has received pitches from investment banks, including Goldman Sachs, JPMorgan, Bank of America and Citigroup, suggesting various fundraising options, according to four sources familiar with the matter. These options include selling common stock as well as securities such as mandatory convertible bonds and preferred equity, according to the sources.
Some state residents have said they don't have the resources to leave
Sometimes there is crying in baseball, but there's also plenty of good food, as I found out after becoming a major Dodgers fan (and neighbor) in 2024.
Abbie Chatfield has called out the radio industry and revealed why she thinks The Kyle and Jackie O Show is ‘failing’ in Melbourne. Read more.
James, New York state's attorney general, sued Citibank unit in January, alleging that its lax security protocols allowed scammers to gain easy access to users' accounts and steal their deposits through unauthorized wire transfers. She stated that "Citi's negligence" had cost customers in the state millions of dollars. The Bloomberg report added that Citi said U.S. banks will have to make a "dramatic shift" in how electronic payments are processed if New York state wins the lawsuit.
Key Insights The projected fair value for Endeavour Group is AU$6.31 based on 2 Stage Free Cash Flow to Equity...
NRL fans are not happy with the Penrith Panthers only weeks after Kalyn Ponga was criticised for a similar decision. Find out more here.
Also available this year is the American Girl Doll Box Costume, which can be added on top of any of the character costumes
Two other people were victims in a string of robberies
MELVILLE, N.Y., October 08, 2024--Henry Schein, Inc. (Nasdaq: HSIC) reminds its customers in Florida and all areas in the projected path of Hurricane Milton that the Henry Schein Customer Assistance Hotline is open for dental and medical professionals who may experience operational, logistical, or financial issues as a result of damage caused by the hurricane.
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