Should You Expect Upside Potential For Pfizer (PFE)?

Bloomberg
S&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap
(Bloomberg) -- Wall Street traders sent stocks to all-time highs as bond yields fell, with traders looking at prospects for Federal Reserve rate cuts after Jerome Powell cited signals the US is back on a disinflationary path.Most Read from BloombergUS Allies Allege China Is Developing Attack Drones for RussiaDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysHurricane Beryl Roars Toward Jamaica on Destructive PathB
Yahoo Finance Video
Crypto: Positive bitcoin-stock correlation is 'here to stay'
Bitcoin (BTC-USD) is finding stable ground following a streak of volatility in recent months since reaching an all-time price high earlier in 2024. Additionally, the crypto space has seen gains in ethereum (ETH-USD) around the rollout of spot ether ETFs after the Securities and Exchange Commission (SEC) approved such product offerings in late May. IDX Advisors Chief Investment Officer Ben McMillan shares his cryptocurrency outlook based on ETF inflows, comments made by traditional investors like Peter Thiel, and whether President Biden or former President Trump will be able to win over the crypto crowd in this coming election. "If you look at the correlation of Bitcoin to stocks in general... it was very low kind of pre-COVID. And then after Covid, particularly after 'money printing,' you saw that correlation spike. And that makes a ton of sense. We think that's here to stay. Now that doesn't necessarily mean it's going to be as high as it has been recently forever," McMillan tells Market Domination Overtime. "It's running at kind of a 0.6 correlation. But we're not going to go back to the days of bitcoin being zero or even negatively correlated to risk assets. So... investors need to understand that positive correlation to risk assets of bitcoin is here to stay. It's something to factor in when you think about it within your portfolios." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.
Bloomberg
Ballmer Is Richer Than Gates, a First for Microsoft Billionaires
(Bloomberg) -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder. Most Read from BloombergChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysUS Allies Say China Is Developing Attack Drones for RussiaDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeHurricane Beryl Roars Toward Jamaica on Destructive PathBide
Business Insider
Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says
"These funds managed to lose value for shareholders even during a generally bullish market," Morningstar analyst Amy Arnott said.
Barrons.com
Is the Stock Market Open on July 3? Here Are the Unusual Trading Hours.
The July 4 holiday falls on a Thursday this year, so the trading hours on Wednesday are a bit unusual.
The Motley Fool
Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields
These top dividend-growth stocks now offer great yields. The post Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields appeared first on The Motley Fool Canada.
Simply Wall St.
Top Three Dividend Stocks For July 2024
As global markets navigate through a period of subtle shifts and key economic updates, investors are closely monitoring the landscape for opportunities that align with both growth and stability. In this context, dividend stocks often come into focus as they can offer potential income alongside capital appreciation, making them appealing during times of market uncertainty and economic recalibration.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
Yahoo Finance Canada
Aecon Group stock falls 18%; analyst warns of 'cash flow drag' into 2025
The long-delayed Coastal GasLink project has been subject to repeated cost overruns.
GOBankingRates
5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang
Financial guru and TikToker Humphrey Yang recently shared in a YouTube video a few index funds you can invest in which will help grow your wealth over time.
Associated Press
Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.
Reuters
Canadian dollar gains seen capped by central bank divergence: Reuters poll
The Canadian dollar is set to strengthen over the coming year but its gains will be limited after the Bank of Canada began cutting interest rates ahead of the Federal Reserve and as the U.S. election fans economic uncertainty, a Reuters poll found. The median forecast of more than 40 foreign exchange analysts in the June 28-July 3 poll showed the loonie will be little changed at 1.3700 a U.S. dollar, or 72.99 U.S. cents, in three months, compared to 1.3667 in last month's poll. "We expect the BoC to cut in July, whereas the bands of uncertainty around the U.S. inflation and Fed outlook are wider, with a risk of the Fed holding rates high for longer," said Jayati Bharadwaj, a global FX strategist at TD Securities.
GOBankingRates
I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance
The best investor is one who's informed, but obsessing over your retirement fund's performance can stress you out and trigger the kind of emotional and counterproductive decision-making that can...
Yahoo Finance Video
Nvidia is the best way to play AI for the 'next 10 years'
Nvidia (NVDA) shares are falling back today following the chipmaker's recent market high. Rosenblatt Securities senior research analyst Hans Mosesmann joins Market Domination to explain why he is not worried about the stock's bumpy previous weeks. Mosesmann has issued the highest price target for Nvidia on Wall Street. Mosesmann has a long-term view, explaining that the sale pressure is negligible when one considers that Nvidia is going to be the "best way to play AI for the next 10 years." He adds that Nvidia is not just a semiconductor company anymore but a platform that is "all things AI." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
Bloomberg
Tesla Beats Estimates With Less-Drastic Drop in EV Sales
(Bloomberg) -- Tesla Inc.’s second consecutive drop in quarterly deliveries wasn’t as steep as analysts were predicting, sending the EV maker’s shares soaring as much as 10%.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Storm Beryl Aims at Jamaica After Grenada StrikeUS Allies Allege China Is Developing Attack Drones for RussiaS&P 500 Closes Above 5,500 in Record-Breaking Run: Markets WrapBiden Plummets in Leaked Democratic Polling Memo, Puck Says
Bloomberg
Hindenburg Made Just $4 Million From $153 Billion Adani Rout
(Bloomberg) -- It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Hurricane Beryl Aims at Jamaica After Grenada StrikeTrump Immunity Ruling Means Any Trial Before Election Unlikely‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersBonds Get Respite Amid Powell’s Disinf
The Canadian Press
S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher
TORONTO — Canada's main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom, while U.S. stock markets also climbed higher.
Barrons.com
GM Delivers More EVs. Its Grand Plan Is Working.
The company sold a lot more electric vehicles in the second quarter than it did a year earlier, even though sales growth for EVs has slowed down in the U.S.
Bloomberg
Constellation Executive Sold $75 Million in Stock Ahead of Capital Gains Change
(Bloomberg) -- Canadian technology firm Constellation Software Inc. saw a surge in insider selling in June, driven by a senior executive’s move to unload C$102.6 million ($75 million) of shares ahead of a hike to the nation’s capital-gains tax.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeUS Allies Allege China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysS&P 500 Closes Above 5,500 in Record-B
The Canadian Press
Under pressure on plane safety, Boeing is buying stressed supplier Spirit for $4.7 billion
ARLINGTON, Va. (AP) — Boeing announced plans to acquire key supplier Spirit AeroSystems for $4.7 billion, a move that it says will improve plane quality and safety amid increasing scrutiny by Congress, airlines and the Department of Justice.

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STOCKS TREAD WATER AFTER S&P 500'S RECORD CLOSE

Should You Expect Upside Potential For Pfizer (PFE)?

Latest Stories

S&P 500 Closes Above 5,500 in Record-Breaking Run: Markets Wrap

Crypto: Positive bitcoin-stock correlation is 'here to stay'

Ballmer Is Richer Than Gates, a First for Microsoft Billionaires

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says

Is the Stock Market Open on July 3? Here Are the Unusual Trading Hours.

Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields

Top Three Dividend Stocks For July 2024

Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.

Aecon Group stock falls 18%; analyst warns of 'cash flow drag' into 2025

5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang

Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs

Canadian dollar gains seen capped by central bank divergence: Reuters poll

I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance

Nvidia is the best way to play AI for the 'next 10 years'

Tesla Beats Estimates With Less-Drastic Drop in EV Sales

Hindenburg Made Just $4 Million From $153 Billion Adani Rout

S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher

GM Delivers More EVs. Its Grand Plan Is Working.

Constellation Executive Sold $75 Million in Stock Ahead of Capital Gains Change

Under pressure on plane safety, Boeing is buying stressed supplier Spirit for $4.7 billion