Equities have been blended this week; the Dow turned decrease, however the S&P and the NASDAQ completed increased. Actually, the NASDAQ hit a file excessive on Friday buoyed by the sturdy earnings report from Tesla.
General, it’s been a powerful October, and subsequent week could also be extra of the identical. Traders will begin to get earnings reviews from the “massive tech” firms. And the expansion in AI spending being introduced by some chip makers is more likely to set the bar excessive.
Alternatively, buyers will even get the primary learn on third-quarter gross home product (GDP) on Wednesday. Then, on Thursday, the October studying of the Private Consumption Expenditure (PCE) index will likely be launched. These will likely be among the many final financial indicators the Federal Reserve will get earlier than their November assembly. Any signal that inflation is reheating would all however make sure that the Fed will follow its plan for a 25 foundation level reduce.
Articles by Jea Yu
Synthetic intelligence (AI) continues to be one of many hottest sectors by which to purchase. Nevertheless, the fast progress of this sector has created monopolies as a scarcity of competitors is permitting best-in-class firms to seize important market share. This week, Jea Yu highlighted three AI companies with over 90% market share and defined why they’re not more likely to lose their lead anytime quickly.
After all, a type of shares is NVIDIA Corp. (NASDAQ: NVDA). Yu defined why, regardless of being a worthy competitor, Superior Micro Units Inc. (NASDAQ: AMD) has significant work to do before threatening NVIDIA’s market leadership.
Yu additionally turned to the vitality sector and defined why two energy stocks are surging after the businesses received significant contracts from the U.S. Division of Power (DOE). The contracts are designed to advertise the expansion of sustainable aviation gas (SAF).
Articles by Thomas Hughes
After a largely bearish response to its robo-taxi announcement, Tesla Inc. (NASDAQ: TSLA) wanted to ship a stable earnings report. Thomas Hughes analyzed a mostly bullish report however defined why buyers ought to nonetheless buy dips and sell rips whereas ready for its future applied sciences to emerge.
Oil has been a poor funding this yr, however the identical can’t be mentioned for 2 different areas of the vitality sector. Hughes defined why demand for nuclear energy is soaring and gave buyers three shares to play the development.
Persevering with within the vitality sector, Hughes analyzed the outlook for 3 pure gasoline shares. Demand is more likely to be bullish for a number of years, and Hughes highlighted three firms which have bullish catalysts together with the power to reward investors with high-yield dividends.
Articles by Sam Quirke
One in all most carefully watched earnings reviews subsequent week will come from Meta Platforms Inc. (NASDAQ: META). This week, Sam Quirke defined what’s been driving the inventory’s sturdy efficiency in 2024 and why a pre-earnings sell-off may provide a good buying opportunity.
Turning to the cybersecurity sector, Quirke checked out Palo Alto Networks Inc. (NASDAQ: PANW). The corporate could look overvalued by some elementary measures, however with no signal of slowing demand, PANW inventory may make new highs by the top of the yr.
The transition into Internet 3.0 is boosting the demand for growth companies from firms like GitLab Inc. (NASDAQ: GTLB). Quirke defined why the inventory’s 35% surge since August may be just the beginning, because the inventory’s efficiency is backed by bullish analyst sentiment and a stable technical setup.
Articles by Chris Markoch
Shopping for the dip is a confirmed funding technique. Nevertheless, discovering oversold stocks that are ready to rally may be tough. This week, Chris Markoch gave buyers 5 shares which might be oversold by technical measures however could also be prepared for a powerful rally.
Markoch additionally examined the latest dip in Palantir Technologies Inc. (NYSE: PLTR) inventory. A few of that dip may be attributed to a sharp increase in short interest. Nevertheless, as Markoch defined, nothing essentially has modified; nonetheless, the value motion could also be uneven previous to the corporate’s earnings report in early November.
Articles by Ryan Hasson
Speculative merchants could have seen the 400% surge in Monopar Therapeutics Inc. (NASDAQ: MNPR) inventory. Ryan Hasson defined the explanation for the medical biotech firm’s latest efficiency and why the inventory remains to be a high-risk however probably high-reward alternative.
Chinese language shares have cooled considerably after a powerful rally sparked by the announcement of the Chinese language authorities’s stimulus measures. This week, Hasson took on the query of whether you should consider buying the dip. He gave two names that ought to get sturdy consideration should you’re .
Utilities stocks have pulled off a formidable feat of going from worst to (nearly) first when it comes to inventory efficiency. Hasson defined why the utilities sector is red-hot and why it’s more likely to stay that manner into 2025; and why these three utilities stocks should be on your radar.
Articles by Gabriel Osorio-Mazilli
Financial institution shares are anticipated to be among the many winners because the Federal Reserve begins to decrease rates of interest. That’s one cause that Gabriel Osorio-Mazilli believes buyers needs to be taking a look at SoFi Applied sciences Inc. (NASDAQ: SOFI). The inventory is up practically 45% because the Fed’s rate-cutting cycle started, and Osorio-Mazilli defined why it won’t take much for SOFI stock to have a major surge.
One cause Osorio-Mazilli is bullish on SOFI inventory is the potential for a brief squeeze. Sticking with that theme, he analyzed three of the shares that Goldman Sachs Group Inc. (NYSE: GS) believes present the best conditions for a short squeeze.
Market sentiment has been risk-on for many of this October run. Nevertheless, Osorio-Mazilli defined why sure tendencies level to a rotation away from progress shares, and with value stocks gaining momentum, you might need to make some changes to your portfolio heading into 2025.
Articles by Leo Miller
You is probably not conversant in Serv Robotics Inc. (NASDAQ: SERV). Nonetheless, Leo Miller defined why it might be value your time to turn out to be conversant in this firm that’s altering the character of meals supply. The corporate isn’t worthwhile but, nevertheless it has the backing of NVIDIA to assist pull it throughout the end line.
Talen Power Corp. (NASDAQ: TLN) is among the best-performing shares of 2024, but it additionally could also be comparatively unknown to buyers. The corporate is an unbiased energy producer that’s taking part in a key function in addressing the demand for nuclear energy. The probability of future demand progress and the corporate’s latest contract with Amazon.com Inc. (NASDAQ: AMZN) is one other tailwind for the inventory.
Turning his consideration to blue chip consumer staples stocks, Miller defined why regardless that Walmart Inc. (NYSE: WMT) inventory is up greater than 56% this yr, the inventory still looks like an attractive buy. The corporate continues to develop its market share, spend money on new applied sciences, and discover new avenues for progress.
Articles by Nathan Reiff
Earnings-oriented buyers perceive the advantage of compounding on their portfolios. Nevertheless, many of those buyers would love the advantages of dividend investing with out having to decide on particular person shares. As Nathan Reiff defined, that’s an ideal utility for an exchange-traded fund (ETF). Reiff analyzes three of the top dividend ETFs and why buyers ought to take into account them.
On the opposite finish of the investing spectrum, house shares have gotten the most effective sectors for growth-oriented buyers. Rocket Lab Inc. (NASDAQ: RKLB) is among the many prime performers. Nevertheless, Reiff defined with the replenish greater than 170% within the final 12 months, a little caution may be warranted.
Lastly, the longer term could belong to robotaxis. However as Tesla indicated, that future could also be years away. Reiff defined why it’s an excellent time to contemplate investing in Uber Technologies Inc. (NYSE: UBER), as its business model and profits look safe for now.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
