Good MorningEquity markets are off to a good start, building on the gains made in the first half. The S&P 500 moved up to set a new all-time high in the first week of second-half trading and broke a critical technical level that opened the door to a much larger move. Periodic corrections aside, the S&P 500 is poised to advance another 10% to 15% and may top the 6,100 level by year's end. Among the drivers of the action will be earnings from key tech companies, including NVIDIA and Microsoft.
The June NFP report was good. The US economy created 206,000 new jobs, indicating that labor markets remain healthy. The only worry is that wages continue to rise at a near-4% and are helping to sustain inflation. The takeaway is that economic activity is positive and leads to earnings growth for average S&P 500 companies, a force that can drive the S&P 500 higher until there is a change in the outlook. As it is, markets expect earnings growth to accelerate in the second half and next year in 2025 compared to this year. Featured: Kiss of death from Joe Biden (Porter & Company) 
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Markets | | | The lion's share of market attention is now mainly concentrated in the technology sector, particularly around stocks related to artificial intelligence and its quick rise to adoption and expansion in the global economy. One stock should come to mind when this environment is described, and that is ... Read the Full Story >> |
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Markets | | | There are typically only two ways for investors to expose their capital to a stock’s path, whether higher or lower. The first way everyone should know of is to buy stock shares in a company of an investor’s choice. On the other hand, there are stock options where investors can us... Read the Full Story >> |
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Markets | | | Chinese technology stocks have been taking a tumble in 2024. A combination of geopolitical and trade tensions, macroeconomic uncertainty, and growth slowdown have been negative drivers that have caused investors to rethink the potential of these companies. Amongst the ruble, some companies are h... Read the Full Story >> |
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Stocks | | | U.S. stocks rose to more records Friday after a highly anticipated report on the job market bolstered Wall Street's hopes that interest rates may soon get easier.The S&P 500 climbed 0.5% to set an all-time high for a third straight day following Thursday's pause in trading for the Fourth of July... Read the Full Story >> |
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Stocks | | | Asian stocks have fallen while European markets are higher Monday after France's elections left its legislature divided among left, center and far right, with no single political faction getting close to a majority Read the Full Story >> |
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Markets | | | New Zealand's housing minister says the country will drastically ease restrictions on land use in a bid to "flood the market" with land for homes and override the powers of local councils to curb development Read the Full Story >> |
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Markets | | | Qualcomm (NASDAQ: QCOM) is one of the leading players in the semiconductor industry. The firm has outperformed the market and industry over the past 12 months, with a total return of 75%. Over the same period, the SPDR S&P Semiconductor ETF (NYSEARCA: XSD) is up just 15%. Let’s look at Q... Read the Full Story >> |
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Markets | | | The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed's policymaking in the past, edges closer to formally becoming the Republican nominee for president Read the Full Story >> |
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Markets | | | America's employers delivered another healthy month of hiring in June, adding 206,000 jobs and once again displaying the U.S. economy's ability to withstand high interest rates.Last month's job growth did mark a pullback from 218,000 in May. But it was still a solid gain, reflecting the resilience o... Read the Full Story >> |
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Markets | | | Constellation Brands (NYSE: STZ) is in the consumer staples sector and is the fourth-largest beverage company in the United States by market capitalization. The firm has underperformed the market and its sector over the past 12 months. It has provided a total return of 3%, while the consumer sta... Read the Full Story >> |
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Monday's Early Bird Stock Of The Day Darden Restaurants, Inc., together with its subsidiaries, owns and operates full-service restaurants in the United States and Canada. It operates under Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze, Eddie V's Prime Seafood, and Capital Burger brand names. Darden Restaurants, Inc. was incorporated in 1995 and is based in Orlando, Florida. | Should I Buy Darden Restaurants Stock? DRI 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 Darden Restaurants was last updated on Monday, July 01, 2024 at 2:05 AM. Pros- Darden Restaurants has a consistent track record of increasing revenue year-over-year, indicating a stable and growing business.
- The company has a strong return on equity of 49.94%, showcasing efficient use of shareholder funds to generate profits.
- Recent insider activity shows confidence in the company's future with significant stock purchases by key executives.
- Darden Restaurants has a dividend yield of 3.34%, providing investors with a steady income stream.
- The stock repurchase program signals that the company believes its shares are undervalued, potentially leading to future price appreciation.
Cons- The company recently missed earnings per share (EPS) estimates, indicating potential challenges in meeting financial expectations.
- Darden Restaurants' revenue for the quarter was below consensus estimates, suggesting possible growth constraints.
- There has been significant insider selling of company stock, which could be perceived as a lack of confidence in future performance.
- The dividend payout ratio of 61.43% raises concerns about the sustainability of the current dividend payments.
- Analysts have revised down EPS estimates for the current fiscal year, pointing to potential challenges ahead.
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