Good MorningEquity markets remained near record highs Tuesday as investors digested economic data and a potentially shocking supply-chain event in Baltimore. Durable goods orders rose more than expected on the economic front and underscore resilient economic conditions. Regarding Baltimore, the Port of Baltimore was closed after a container ship ran into the Francis Scott Key Bridge and knocked it down. The closure will have wide-reaching ramifications in a world where major shipping lanes are already hampered by weather, water, and geopolitical events.
The big news this week will come on Friday. The PCE index is expected to affirm the idea of Fed rate cuts; the only question is the timing. The report is expected to show inflation accelerating, pushing the timing of the first cuts out. As it is, the market projects a Fed rate cut by July and possibly two by the end of summer. Featured: Get March's Exotic Club stock pick (dirt cheap!) (DTI) 
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Markets | | | When traders stampede into call options, it typically means they expect an event to come, pushing the underlying stock higher soon. Because options expire at a given date, these traders must get their thesis right before expiration or risk losing their entire investment. Today, three stocks show ... Read the Full Story >> |
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Markets | | | Value stocks are backed by impeccable businesses expected to pump out profits at high margins. The company's quality is only the start of the equation because investors also need to justify the purchase at a good enough price. Overpaying for a good thing is still overpaying, so The Hershey Co. (N... Read the Full Story >> |
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Markets | | | NVIDIA (NASDAQ: NVDA) ushered in a new age with the surge of AI and its lean into full-stack AI services. The company's leadership position is reflected in its results and stock price, which is still advancing. Members of Congress are on board the NVIDIA freight train, but it isn't the most bought... Read the Full Story >> |
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Markets | | | While the overall sentiment remains significantly bearish for Palantir Technologies (NYSE: PLTR), the company remains undeterred. Its stock has surged almost 50% YTD and more than 200% over the previous year. Having spent the previous two months consolidating in a tight range after earnings... Read the Full Story >> |
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Stocks | | | Shares of Donald Trump's social media company rose about 16% in the first day of trading, boosting the value of Trump's large stake in the company as well as the smaller holdings of fans who purchased shares as a show of support for the former president Read the Full Story >> |
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From Our PartnersRemember Intuitive Surgical's rise of 18,000% over two decades? It used new tech to transform surgery.
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Tech | | | Trump Media & Technology Group (NASDAQ: DJT), the parent company behind the social media app Truth Social, has made a resounding entrance into the stock market, capturing the attention of investors and analysts worldwide. With its highly anticipated initial public offering (IPO), the company e... Read the Full Story >> |
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Stocks | | | Asian shares were mixed on Wednesday after Wall Street slipped a bit further from its record highs. Oil prices fell while U.S. futures edged higher. Chinese shares slipped even as China's central bank governor told a high-level business conference in Beijing that the ailing property industry was sho... Read the Full Story >> |
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Markets | | | Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used in a store or restaurant. The deal would lower and cap the fees charged by Visa and Mastercard and allo... Read the Full Story >> |
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Markets | | | U.S. consumer confidence held steady this month even as Americans wrestle with higher prices and feel less optimistic about the short-term future.The Conference Board, a business research group, said Tuesday that its consumer confidence index ticked down to 104.7 in March from a revised 104.8 in Feb... Read the Full Story >> |
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Markets | | | Alibaba Group Holding on Tuesday said it had scrapped plans to list its logistics unit Cainiao in Hong Kong, as it looks to prioritize growing its e-commerce business while facing challenging IPO market conditions Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Prudential plc, through its subsidiaries, provides life and health insurance, and retirement and asset management solutions to individuals in Asia, and Africa. It offers health and protection, as well as non- participating savings products, such as protection and investment-linked products. The company also provides insurance against common critical illnesses; property and casualty; and tropical disease protection, such as dengue, malaria, and measles. The company was founded in 1848 and is head... | Should I Buy Prudential Stock? PUK Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Prudential was last updated on Monday, March 25, 2024 at 11:49 PM. Pros- Prudential plc provides life and health insurance, retirement, and asset management solutions in Asia and Africa, offering a diverse range of financial products to tap into emerging markets.
- Recent institutional investments in Prudential plc have shown confidence from major players like BlackRock Inc. and Goldman Sachs Group Inc., indicating positive growth prospects.
- Stock analysts have upgraded Prudential plc from a "sell" to a "hold" rating, suggesting a potential turnaround in the company's performance.
- Prudential plc's stock price has shown stability with a 50-day moving average price of $20.84, indicating a potential entry point for investors.
- The company offers insurance against common critical illnesses, property and casualty, and tropical disease protection, diversifying its product portfolio to cater to various customer needs.
Cons- Prudential plc's one year high of $30.91 and one year low of $19.42 indicate volatility in the stock price, posing a risk for short-term investors.
- Despite recent institutional investments, Prudential plc's ownership by institutional investors stands at 1.90%, potentially signaling limited confidence from the broader investment community.
- The company's two-hundred day moving average price of $21.79 suggests a downward trend in the stock price over a longer period, which could deter potential investors.
- Prudential plc operates in emerging markets like Asia and Africa, which may pose geopolitical and regulatory risks affecting the company's operations and financial performance.
- While offering a diverse range of financial products, Prudential plc faces competition from both local and international players in the insurance and asset management sectors, impacting its market share and profitability.
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