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Research Reports & Trade Ideas – Yahoo Finance

Posted By: keaton
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Communication Services

Morningstar Nov 28, 2024

Communication Services

Morningstar Nov 28, 2024

Technology

Morningstar Nov 28, 2024

Real Estate

Morningstar Nov 28, 2024

Technology

Morningstar Nov 28, 2024

Utilities

Morningstar Nov 27, 2024

Technology

Morningstar Nov 27, 2024

Industrials

Morningstar Nov 27, 2024

Energy

Morningstar Nov 27, 2024

Industrials

Argus Nov 27, 2024

Industrials

Argus Nov 27, 2024

Technology

Morningstar Nov 27, 2024

Consumer Cyclical

Morningstar Nov 27, 2024

Consumer Cyclical

Morningstar Nov 27, 2024

Daily Spotlight: Second Estimate for 3Q GDP

The Bureau of Economic Analysis (BEA) will update its forecast for GDP this morning. Last month, in its initial estimate, the BEA indicated that 3Q GDP grew at an annualized 2.8% pace. We expect that to hold — though we note that from 1996 through 2022, the average revision from the advance estimate to the second estimate was plus or minus 0.5%. Key drivers behind the 3Q GDP increase included consumer spending (personal consumption expenditures), which grew at an impressive 3.7% annualized growth rate and contributed 2.46 percentage points to overall GDP expansion. Consumption of goods rose 6.0% and added 1.25 percentage points to growth. The durable goods component rebounded from a decline in 1Q, jumping 8.1% in 3Q. The big services category was solid, rising 2.6%, helped by healthcare, and contributing 1.21 points to GDP growth. Investment in equipment rose 11.1%, with contributions from transportation equipment and information processing equipment. National defense was up 14.9%, a much bigger increase than we anticipated. Residential investment was an anticipated drag on 3Q growth, declining 5.1%. With mortgage rates elevated, the category could also detract from 4Q growth. Net exports subtracted 56 basis points from GDP growth. Exports were strong, but imports (which detract from growth) were even stronger. Companies may have made purchases in anticipation of tariffs. The Atlanta Fed’s GDPNow report is calling for 4Q24 growth of 2.6% based on the November 19 update. The New York Fed Staff 4Q Nowcast was 1.91% on November 22. The Weekly Economic Index, tracked by the Federal Reserve Bank of Dallas, is based on 10 daily and weekly indicators of consumer behavior, the labor market, and production. If an index value of 2% persisted for an entire quarter, the index would suggest that quarter’s GDP would be 2% higher than a year ago. For the week ended November 16, the index was 1.98%, with a 13-week moving average of 2.04%. Our 4Q estimate is 2.8%.

Consumer Cyclical

Argus Nov 27, 2024

Consumer Cyclical

Morningstar Nov 27, 2024

Technical Assessment: Bullish in the Intermediate-Term

As we approach the end of 2024, one could suspect that institutions, hedge funds, and money managers that are beating their benchmark might lighten up on their equity exposure and start planning for 2025. Meanwhile, those that manage money and are behind going into December have little time to catch up — and might be inclined to grab some of the highest momentum stocks out there and increase their risk exposure. But December can be difficult to navigate, as what appears likely to happen doesn’t always play out as expected. Looking for the largest stocks in the S&P 500 (SPX) that have done the best over the past month, we find Amazon (AMZN +11%), Tesla (TSLA +26%), Walmart (WMT +11%), JPMorgan (JPM +13%), Visa (V +11%), UnitedHealth (UNH +8%), Oracle (ORCL +10%), Costco (COST +9%), Netflix (NFLX +16%), Bank of America (BAC +14%), and Salesforce (CRM +18%). The market cap of these companies ranges from $330 billion to $3.5 trillion. The list is dominated by Consumer Discretionary and Financial, which just happen to be the hottest sectors from the past month. The S&P 500 finished at an all-time high (ATH) on Tuesday, finishing above 6,000 after a 0.6% pop. There is no chart resistance or overhead supply when an index or stock is in ATH territory. To determine potential resistance, we must rely on trendlines and Fibonacci (FIBO) extensions based on the size of the last completed base (formed from July to September). Looking out a month, trendline resistance and a 100% FIBO extension sit up at about 6,200. Other FIBO extensions come in at 6,350 and 6,540. (Mark Arbeter, CMT)

Financial Services,Technology

Argus Nov 27, 2024

Healthcare

Argus Nov 27, 2024

Consumer Defensive

Argus Nov 27, 2024

Technology

Argus Nov 27, 2024

Communication Services

Argus Nov 27, 2024

Communication Services,Financial Services,Basic Materials,Energy,Technology,Real Estate,Healthcare,Industrials,Consumer Cyclical

Argus Nov 27, 2024

Technology,Healthcare,Industrials,Consumer Cyclical

Argus Nov 27, 2024

Market Digest: ADI, CCEP, WBD, SOLV

As we approach the end of 2024, one might suspect that institutions, hedge funds, and money managers that are beating their benchmark might lighten up on their equity exposure and start planning for 2025. Meanwhile, those that manage money and are behind going into December have little time to catch up — and might be inclined to grab some of the highest momentum stocks out there and increase their risk exposure. But December can be difficult to navigate, as what appears likely to happen doesn’t always play out as expected. Looking for the largest stocks in the S&P 500 (SPX) that have done the best over the past month, we note Amazon (AMZN +11%), Tesla (TSLA +26%), Walmart (WMT +11%), JPMorgan (JPM +13%), Visa (V +11%), UnitedHealth (UNH +8%), Oracle (ORCL +10%), Costco (COST +9%), Netflix (NFLX +16%), Bank of America (BAC +14%), and Salesforce (CRM +18%). The market cap of these companies ranges from $330 billion to $3.5 trillion. The list is dominated by Consumer Discretionary and Financial, which just happen to be the hottest sectors from the past month. The S&P 500 finished at an all-time high (ATH) on Tuesday, finishing above 6,000 after a 0.6% pop. There is no chart resistance or overhead supply when an index or stock is in ATH territory. To come up with potential resistance, we must rely on trendlines and Fibonacci (FIBO) extensions based on the size of the last completed base (formed from July to September). Looking out a month, trendline resistance and a 100% FIBO extension sit up at about 6,200. Other FIBO extensions come in at 6,350 and 6,540.

Communication Services,Technology,Healthcare,Consumer Defensive

Argus Nov 27, 2024

Consumer Cyclical

Morningstar Nov 27, 2024