markets to grow more optimistic about the prospect of Federal Reserve interest rate cuts and stocks rallied as a result, withThe week is expected to be quieter on the economic front, with updates on activity in the manufacturing and services sectors as well as the final reading of consumer sentiment for May on tap. Minutes from the Fed's May meeting are also expected on Wednesday afternoon., which strip out the more volatile costs of food and gas, rose 3.
Fed Chair Jerome Powell holds a press conference at the end of Federal Open Market Committee meeting in Washington, D.C., on May 1, 2024. Belski's year-end target bump was followed by another forecast raise on Friday. Deutsche Bank chief equity strategist Binky Chadha boosted his year-end target for the benchmark to 5,500 from 5,100. Chadha cited robust earnings growth and an improving macroeconomic outlook as reasons stocks could keep moving higher.
"We see enough room for NVDA to post FQ1E revenue potentially as high as $26B and potentially guide to ~$27-28B in total revenue — both good enough to keep the stock biased higher, in our view," UBS analyst Timothy Arcuri wrote in a note to clients previewing the earnings release. JPMorgan Asset Management global market strategist Jack Manley said whether the AI story has legs "might be one of the more important questions that we have to ask."
If you have $10,000 to invest, then you likely want a core asset you can set and forget. Which is why this investment is the best for passive income. The post Invest $10,000 in This Dividend Stock for $1,500.50 in Passive Income appeared first on The Motley Fool Canada.Does it ever feel like the rich have some secret knowledge about money that eludes the rest of us? After over a decade working as a bank teller, Rachael P. has an inside look at the habits and...