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Wall Street Oasis: 3 Growth Stocks to Turn $50k Into $250K by 2035
Investor Place· 2024-06-29 16:00
Investing in high growth stocks to buy offers an opportunity to multiply one’s wealth over the long term. While the stock market is inherently volatile, finding these hidden gems that can outperform the market can lead to substantial gains. The appeal in these companies lies in their ability to grow their revenue and earnings at an accelerated pace. For investors looking to multiply their $50,000 investment into a quarter of a million dollars by 2035, the journey will require strategic foresight. Investors ...
3 Stocks to Buy for Growth and Downside Protection
Investor Place· 2024-06-28 15:27
Most stocks present investors with two choices: growth or downside protection. A company like Nvidia (NASDAQ:NVDA) can generate sizable returns if it continues to grow. However, a slowdown in AI spending or unsavory macroeconomic conditions can result in a sharp correction. Verizon (NYSE:V) investors don’t have to worry about a sharp and sudden decline. The telecom giant isn’t going anywhere and has a 15 P/E ratio. The 6.61% yield is a big draw for Verizon, but the stock hasn’t been a good performer. Shares ...
Here's Why American Express (AXP) Gained But Lagged the Market Today
ZACKS· 2024-06-26 22:55
In the latest market close, American Express (AXP) reached $230.68, with a +0.04% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.16%. Elsewhere, the Dow saw an upswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.49%.Shares of the credit card issuer and global payments company have depreciated by 2.81% over the course of the past month, underperforming the Finance sector's loss of 0.22% and the S&P 500's gain of 3.22%.The investment community ...
Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
CNBC· 2024-06-26 20:30
Federal Reserve Board Vice Chair for Supervision Michael Barr testifies before a House Financial Services Committee hearing on the response to the recent bank failures of Silicon Valley Bank and Signature Bank, on Capitol Hill in Washington, March 29, 2023.The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario while maintaining their ability to lend to consumers and corporations.Each of the 31 banks in this year's regulatory exe ...
3 Blue-Chip Stocks to Buy on the Dip: June 2024
Investor Place· 2024-06-26 10:33
Wagering on the top blue-chip stocks to buy on the dip might be the best way to play the current stock market trends.Blue-chip stocks typically offer a superb blend of reliability and growth potential,making them no-brainer bets for the long haul. Moreover, these stocks havebecome household names with underlying businesses that have stood the test of time. Additionally, their outperformance is shown by the Fidelity Blue Chip Growth ETF (NYSEMKT:FBCG) which has grown over 35% in the past three years, outperf ...
AmEx (AXP) Buys Tock for $400M to Lock in High-End Businesses
ZACKS· 2024-06-24 16:25
American Express Company (AXP) recently agreed to acquire Tock from Squarespace, Inc. (SQSP) for $400 million cash. Tock offers reservation, table management and event ticketing solutions to around 7,000 outlets, which is expected to complement AXP’s Resy business (acquired in July 2019).This will likely help customers with reservations at high-end restaurants and exclusive venues. Per the agreement, AmEx and Squarespace will also collaborate to provide additional value to small businesses using American Ex ...
3 Top Financial Sector Stocks to Invest in Now
MarketBeat· 2024-06-24 11:00
After displaying relative strength in the first quarter, the financial sector and the Financial Select Sector SPDR ETF NYSE: XLF have underperformed in the second quarter, with the popular financial ETF down 1.4% for the period. Several weeks ago, a double top pattern seemed all but confirmed for the ETF. However, after weeks of consolidating, the XLF might be setting up for a bullish move and potential outperformance in Q3. Notably, the ETF has reclaimed critical simple moving averages (SMAs) like the 50-d ...
7 Blue-Chip Stocks to Buy Now: June 2024
Investor Place· 2024-06-21 11:15
Core Insights - Blue-chip stocks are recommended for their stability and potential for steady financial growth, outperforming traditional bank interest rates and keeping pace with inflation [1] - Investors can achieve better returns by focusing on high-performing stocks within indices and ETFs [1] Company Summaries Alphabet (GOOG, GOOGL) - Alphabet is valued at $2.2 trillion with a P/E ratio of 27.5 and a yield of 0.45%, showing a 27% increase YTD and over 300% growth in five years [2] - The company reported a 15% YOY revenue growth in Q1 2024, with net income surging by 57% due to cost-cutting measures [2] - Alphabet initiated a quarterly dividend of $0.20 per share, with analysts rating it as a "Strong Buy" and suggesting a 13% upside [3] Nvidia (NVDA) - Nvidia is the world's most valuable publicly traded company, with shares up 171% YTD and over 3,350% in five years [4] - The company experienced a 262% YOY revenue increase in Q1 2025, with net income rising by 628% [4] - Nvidia announced a 10-for-1 stock split, enhancing options trading accessibility, and maintains a net profit margin exceeding 50% [5] Meta Platforms (META) - Meta's shares increased by 44% YTD and over 160% in five years, with net income more than doubling YOY in Q1 2024 [7] - The company has 3.24 billion daily active users, a 7% YOY increase, and reported a 27% YOY revenue growth [8] - Meta has a strong cash position of $58.12 billion and returned $1.27 billion to investors as dividends [8] American Express (AXP) - American Express trades at a P/E ratio of 19 with a yield of 1.22%, showing a 22% increase YTD and 84% over five years [9] - The company reported an 11% YOY revenue increase and a 34% rise in net income for Q1 2024, achieving a net profit margin of 16.9% [9] - Over 60% of new accounts are from Millennials and Gen Z, indicating strong future growth potential [10] Costco (COST) - Costco's total revenue increased by 6.4% YOY, with e-commerce sales up by 15.3%, and the stock has gained 34% YTD and 227% over five years [11] - The stock is rated as a "Strong Buy" with a price target suggesting an additional 10% upside [11] Chipotle (CMG) - Chipotle plans to open 285-315 new restaurants in 2024, with Q1 2024 revenue increasing by 14.1% YOY to $2.7 billion [12] - The company’s net income rose by 23.2% YOY, resulting in a net profit margin of 13.3% [12] - Chipotle's stock has gained 43% YTD and 342% over five years, currently rated as a "Moderate Buy" [13] Waste Management (WM) - Waste Management reported a 5.5% YOY revenue increase in Q1 2024, with net income up by 32.8% and a net profit margin of 13.7% [14] - The stock has a projected 7% upside and has gained 16% YTD, with a P/E ratio of 34 [14]
Wall Street Favorites: 3 Bargain Stocks With Strong Buy Ratings for June 2024
Investor Place· 2024-06-21 10:30
Wall Street analysts do a lot of research before making stock recommendations and assigning price targets. They also have extensive history with navigating various booms and busts within the stock market and across individual sectors.While you shouldn’t buy a stock just because a Wall Street analyst likes it, knowing how they drew their conclusions can help investors understand bullish and bearish narratives for any stock. Some Wall Street analysts like stocks because they have strong momentum and are gener ...
Why the Market Dipped But American Express (AXP) Gained Today
ZACKS· 2024-06-20 22:55
The latest trading session saw American Express (AXP) ending at $230.21, denoting a +0.39% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.25%. Elsewhere, the Dow saw an upswing of 0.77%, while the tech-heavy Nasdaq depreciated by 0.79%.The credit card issuer and global payments company's shares have seen a decrease of 4.49% over the last month, not keeping up with the Finance sector's loss of 1.89% and the S&P 500's gain of 3.59%.The investment commu ...