The latest labor market data revealed a slowing jobs market furthering investor hopes for a soft landing.
As Wall Street weighs whether markets can sustain November's rally, investors are spotting opportunities. eToro Global Markets Strategist Ben Laidler joined Yahoo Finance Live to analyze high-growth "ten-bagger" stocks, which he calls "the holy grail for any investor." "Ten-baggers" are defined as stocks whose share price is capable of multiplying by a factor of 10x. They comprise just 2% of names across global markets. Laidler says key features of these stocks include: very strong revenue growth, mid-cap size with room to expand, existing profitability and attractive valuations. While tech dominates as the top U.S. ten-bagger sector, Laidler notes variation globally. Areas like mining and lithium drive Australia and Sweden ten-baggers amid hot demand. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A gauge of global equities slipped on Wednesday and was poised for a third straight decline, while longer-dated U.S. Treasury yields fell after economic data kept intact expectations the Federal Reserve has leeway to cut rates next year. U.S. private payrolls rose by 103,000 jobs last month, the ADP National Employment Report showed on Wednesday, below the 130,000 estimate of economists polled by Reuters.