Fundstrat’s Tom Lee has been known for his accurate predictions on quick market moves in recent years. He has made unconventional and bold short-term calls on where equities will go next, especially amidst the unique environment created by the pandemic and its aftershocks. Lee’s track record speaks for itself, with many of his predictions coming
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The S & P 500 has been on fire in 2024, reaching new heights and breaking the 5,500 level for the first time. However, despite this impressive performance, there are certain stocks within the index that could be facing a significant decline in the second half of the year. Nvidia, a leader in artificial intelligence,
The S & P 500 closed the week with a modest gain, but concerns are rising about the possibility of a pullback in the market. The use of artificial intelligence to bolster trading has led to a rally that may now be showing signs of weakness. The week saw some well-known AI stocks, such as
In the wake of the recent election and as the national debt continues to rise, lawmakers and lobbyists are reevaluating their stances on key legislative accomplishments, particularly those of the Trump administration. The expiration of provisions from the Tax Cuts and Jobs Act (TCJA) has brought about discussions on the need for bipartisan compromise and
The trend of constructing more built-for-rent single-family homes in the U.S. is gaining momentum, with a 20% increase in construction during the first quarter of 2024 compared to the same period in 2023. This surge is attributed, in part, to the housing affordability crisis, which is forcing many individuals to opt for renting instead of
Forever 21, a well-known fast fashion brand, is currently facing financial challenges that have led them to seek assistance from landlords in reducing their rent. With over 380 stores in the U.S., the retailer has reportedly asked some landlords to cut rent by up to 50%. This move comes as the company’s sales continue to
The foreign exchange market experienced some interesting developments recently, with the U.S. dollar reaching new highs compared to its European counterparts. The Federal Reserve’s more hawkish stance, in contrast to the actions of the European Central Bank, the Bank of England, and the Swiss National Bank, has contributed to the dollar’s strength. Despite signs of
Friday saw Jefferies analyst Stephen Volkmann raising the price target for Ingersoll Rand after a positive outlook following a recent acquisition. With a buy rating on the industrial stock, Volkmann now set a price target of $110, up from $105, indicating an 18% upside. The acquisition of ILC Dover in a $2.3 billion deal has
The recent passing of the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act in the U.S. Senate has sparked discussions about the future of nuclear power production in the country. With bipartisan support, this legislation is set to encourage innovation and investment in nuclear technologies within the United States. It aims to streamline
Broadcom, a once-obscure chipmaker based in Palo Alto, California, has recently experienced a surge in market value that has brought it close to Warren Buffett’s Berkshire Hathaway conglomerate. With a market capitalization of $839 billion as of Tuesday’s close, Broadcom is now just behind Berkshire’s $882 billion and Eli Lilly’s $845 billion. This growth has