Evercore ISI has carefully curated a list of top stock picks for the second half of 2024 based on market trends and potential growth opportunities. The first half of the year saw significant gains in the equity markets, especially in the technology sector driven by the artificial intelligence boom. While the S&P 500 advanced by
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The COVID-19 pandemic brought about a surge in home improvement projects, including swimming pool installations, as Americans were forced to spend more time at home. However, recent indicators suggest a shift in consumer behavior as households prioritize experiences like travel and dining out over renovations. Pool Corp., a major pool equipment distributor, anticipates a 15%
In recent years, the blockchain industry has seen significant growth and development, with Bybit emerging as a key player in fostering innovation and collaboration within the sector. Bybit, the world’s second-largest web3 platform by trading volume, has solidified its commitment to supporting the growth of the blockchain industry through its participation in various events and
The U.S. dollar slipped lower in early European trade due to weak economic data, which raised expectations of interest rate cuts by the Federal Reserve. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 104.900, indicating a decline in the value of the dollar. The release
The recent price action of Bitcoin has been rather disappointing for investors, as the cryptocurrency failed to sustain a position above the $63,000 mark, leading to a decline towards $61,000. This lack of bullish momentum has now put Bitcoin at a crucial support level of around $60,885. The failure to close above $63,000 could open
Asian currencies experienced a slight uptick on Thursday as speculations of interest rate cuts by the Federal Reserve weighed on the dollar. This shift in currency values was primarily driven by the uncertainty surrounding the Fed’s decision-making process and its potential impact on global markets. Despite the positive movement in Asian currencies, traders remained cautious
The municipal bond market showed signs of stability and slight improvement leading up to the Fourth of July holiday. This was influenced by a decrease in U.S. Treasury yields and a mixed performance in equities. The minutes of the Federal Open Market Committee meeting indicated that there was no rush to cut rates, as the
The California High-Speed Rail project achieved a significant milestone with the approval of final environmental clearance for the challenging segment between Palmdale and Burbank. This 38-mile section requires extensive tunneling through mountains, including portions within the Angeles National Forest and the San Gabriel Mountains National Monument. The estimated cost of the high-speed rail project has
The current downturn in the real estate market may seem bleak to some, but according to UBS, it presents a significant opportunity for long-term investors. In a market where all 11 main groups in the S & P 500 have seen improvements except for real estate, which has fallen by 4.7% in 2024, there is
The U.S. market is currently experiencing a wave of optimism, driven largely by the artificial intelligence boom led by companies like Nvidia. The first half of 2024 saw strong gains across all three major indexes, with the S & P 500, Nasdaq Composite, and Dow Jones Industrial Average all posting positive numbers. Traders are looking