Amazon, Macy's rise; Robinhood Markets, APA fall, Friday, 7/5/2024

The Motley Fool
TFSA: 4 Canadian Stocks to Buy and Hold Forever
This well-priced basket of Canadian stocks is perfect for a long-term TFSA investor. The post TFSA: 4 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.
Moneywise
An entire Florida homeowners association board quits after $60K special assessment dispute — what happened
One specialist says HOA reserves don't need to be “fully funded.”
Simply Wall St.
Favourable Signals For Algonquin Power & Utilities: Numerous Insiders Acquired Stock
Usually, when one insider buys stock, it might not be a monumental event. But when multiple insiders are buying like...
CNN Business
John Deere to lay off roughly 600 employees from three US factories
The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.
The Motley Fool
1 High-Yield Dividend Stock You Can Buy and Hold Forever
Industry giants that also happen to be established Dividend Aristocrats are worth holding onto for decades, virtually forever, for a reliable passive income. The post 1 High-Yield Dividend Stock You Can Buy and Hold Forever appeared first on The Motley Fool Canada.
Barrons.com
7 Discounted Stocks That Could Rally and Aren’t Nvidia or Other Tech Names
Barron’s found seven candidates—that aren’t the six tech giants—that have improving Wall Street sentiment, increasing earnings estimates, and haven’t substantially outperformed the market. The performance of the big six stocks has pushed up the return of the overall index.
Simply Wall St.
Three Undervalued Stocks With Estimated Discounts Ranging From 13.7% To 35.9%
As global markets exhibit mixed signals with some indices reaching record highs and others showing contraction, investors are navigating through a landscape marked by fluctuating interest rates and economic indicators. In this context, identifying undervalued stocks becomes crucial as they may offer potential for appreciation in a market where growth has been narrowly driven and certain sectors may be poised for recovery.
Business Insider
Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.
BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires. Now, he's passing some of the wealth to employees.
Moneywise
Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently
There’s no one-size-fits-all plan for retirement.
Business Insider
The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
"Two years ago, workers who lost their jobs could simply walk across the street to find new work. That has become increasingly difficult," BCA said.
Fortune
Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say
“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.
Reuters
EV maker Lucid beats quarterly deliveries estimates helped by price cuts
(Reuters) -Lucid Group reported second-quarter deliveries above market expectations on Monday, as price cuts helped boost demand for its luxury electric sedans. Demand for electric vehicles has grown at a slower-than-expected pace in the past year, pressured by high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives. EV market leader Tesla and others, including Lucid, have responded by slashing prices and offering incentives such as cheaper financing options to lure consumers.
Bloomberg
Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’
(Bloomberg) -- Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.Most Read from BloombergMicrosoft Orders China Staff to Use iPhones for Work and Drop AndroidMorgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’Boeing to Plead Guilty to Fraud for Violating Deal Over 737 Max CrashesBiden Narrows Gap With Trump
Global News
LCBO workers on day 2 of strike that's shuttered liquor stores
Thousands of workers for the Liquor Control Board of Ontario or LCBO remain on the picket lines of day two of the strike that shuttered all of the of the province-run liquor stores. Now it follows months of unsuccessful contract negotiations between the union and management, but it also focuses on concerns around Premier Doug Ford’s plans to increase alcohol accessibility across Ontario. Lexy Benedict reports.
Business Insider
This Gen Xer thought he was too old to work at Google. Then he landed a $320,000 job at the tech giant without applying.
Mark Boardman once applied for a Google job and didn't get it. A decade later, they made him a $320,000 offer, even though he thought he was too old.
Fortune
On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook
The S&P 500's current multiple stands at 28.9. Except during the Great Financial Crisis when profits collapsed, that's the highest PE for any quarter since the tech bubble of the late 1990s and early 2000s.
The Canadian Press
Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
NEW YORK (AP) — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape.
The Canadian Press
Vehicle supply building. Prices are going down. Is it time to buy a new car?
For the first time in years, car shoppers are having an easier time finding a deal as the auto industry bounces back from supply chain woes — and experts say the outlook could get even better.
Simply Wall St.
3 TSX Dividend Stocks With Yields Ranging From 3.5% To 9%
As central banks, including the Bank of Canada, adjust interest rates in response to shifting economic indicators such as inflation and employment, investors might look for stable income opportunities amidst market fluctuations. In this context, dividend stocks can be particularly appealing, offering potential regular income streams and a degree of insulation against market volatility.
Insider Monkey
Is Intel Corporation (INTC) an “AI Loser” or an “Underappreciated Gem”?
ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Value Strategy” second quarter 2024 investor letter. A copy of the letter can be downloaded here. US equities continued the journey as the growing number of “winners” concentrated in the market due to the excitement surrounding new weight loss medications and artificial intelligence, while […]

S&P/TSX

S&P 500

DOW

CAD/USD

CRUDE OIL

Bitcoin CAD

CMC Crypto 200

GOLD FUTURES

RUSSELL 2000

10-Yr Bond

NASDAQ

VOLATILITY

FTSE

NIKKEI 225

CAD/EUR

S&P 500, NASDAQ POST FRESH RECORDS WITH POWELL ON DECK

Amazon, Macy's rise; Robinhood Markets, APA fall, Friday, 7/5/2024

Latest Stories

TFSA: 4 Canadian Stocks to Buy and Hold Forever

An entire Florida homeowners association board quits after $60K special assessment dispute — what happened

Favourable Signals For Algonquin Power & Utilities: Numerous Insiders Acquired Stock

John Deere to lay off roughly 600 employees from three US factories

1 High-Yield Dividend Stock You Can Buy and Hold Forever

7 Discounted Stocks That Could Rally and Aren’t Nvidia or Other Tech Names

Three Undervalued Stocks With Estimated Discounts Ranging From 13.7% To 35.9%

Mark O'Hare became a billionaire after BlackRock acquired his data company. Now he's turning his employees into millionaires.

Is the $1M nest egg irrelevant? 81% of retirees 65-plus with $50K-$100K in savings say they're living decently

The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says

Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

EV maker Lucid beats quarterly deliveries estimates helped by price cuts

Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’

LCBO workers on day 2 of strike that's shuttered liquor stores

This Gen Xer thought he was too old to work at Google. Then he landed a $320,000 job at the tech giant without applying.

On Wall Street bearish investors are out of favor—but there’s mounting evidence they are right about the stock market outlook

Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power

Vehicle supply building. Prices are going down. Is it time to buy a new car?

3 TSX Dividend Stocks With Yields Ranging From 3.5% To 9%

Is Intel Corporation (INTC) an “AI Loser” or an “Underappreciated Gem”?