Latest news with #LouisNavellier
Yahoo
4 days ago
- Business
- Yahoo
Wall Street Rallies on Trade Optimism: Growth ETFs to Buy
Stocks climbed on July 23, 2023, fueled by optimism that the United States would secure more trade agreements ahead of an approaching tariff deadline. The market was energized by news of recent and upcoming deals, helping push key indexes toward new highs. The Dow Jones Industrial Average rose by 507.85 points (1.14%) to close at 45,010.29, narrowly missing a record by just four points. The S&P 500 gained 0.78% to finish at a record high of 6,358.91, marking its 12th all-time closing high this year and setting a new intraday record as well. Meanwhile, the Nasdaq Composite climbed 0.61% to settle at 21,020.02, its first-ever close above 21,000, as quoted on CNBC. New U.S.-Japan Trade Deal Sparks Optimism Investor sentiment improved after President Trump revealed late Tuesday on Truth Social that the United States had finalized a 'massive Deal' with Japan, which includes reciprocal 15% tariffs on Japanese exports to the United States. Trump also noted that negotiations with the European Union were underway. Progress with the EU and Other Countries Markets received a further lift after the Financial Times reported that the United States is nearing a 15% tariff agreement with the EU, as quoted on the above-mentioned CNBC article. These trade developments came as part of a broader push by the United States to finalize agreements before the August 1 tariff deadline. Deals with Indonesia, China, and the United Kingdom have also recently been outlined. Market Confidence in Tariff Strategy Trump's earlier announcement in April of sweeping tariffs had briefly rattled markets, but since then, investor confidence has been regained. Louis Navellier, founder and CIO at Navellier & Associates cited strong revenue generation, increased domestic investment, and minimal inflationary disruption are key market drivers. Wednesday marked the second consecutive session where the S&P 500 closed at a record high. A total of 42 stocks in the index hit new 52-week highs, reflecting the growing bullish sentiment across Wall Street. ETFs to Gain Against this backdrop, below we highlight a few high-growth exchange-traded funds (ETFs) that could gain ahead as tariff threats look less severe than previously feared. We have highlighted low P/E growth ETFs that are still cheap in valuation, as the investing backdrop is still somewhat edgy. Note that the popular growth ETF Invesco QQQ Trust QQQ currently has a price-to-earnings (P/E) ratio of 39.98X. Invesco S&P 500 Pure Growth ETF RPG – 25.99X The underlying S&P 500 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&P 500 Index. The fund charges 35 bps in fees. Vanguard U.S. Momentum Factor ETF VFMO – 24.4X The Vanguard U.S. Momentum Factor ETF seeks to provide long-term capital appreciation by investing in stocks with strong recent performance. The fund charges 13 bps in fees. First Trust Mid Cap Growth AlphaDEX Fund FNY – 25.48X The NASDAQ AlphaDEX Mid Cap Growth Index is an enhanced index, which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 600 Mid Cap Growth Index. The fund charges 70 bps in fees. Invesco S&P MidCap 400 Pure Growth ETF RFG – 20.06X The underlying S&P MidCap 400 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&P MidCap 400 Index. The fund charges 35 bps in fees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco QQQ (QQQ): ETF Research Reports Invesco S&P 500 Pure Growth ETF (RPG): ETF Research Reports Invesco S&P MidCap 400 Pure Growth ETF (RFG): ETF Research Reports First Trust Mid Cap Growth AlphaDEX ETF (FNY): ETF Research Reports Vanguard U.S. Momentum Factor ETF (VFMO): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Canada News.Net
5 days ago
- Business
- Canada News.Net
Wall Street makes hay on Trump trade deals
NEW YORK, New York - U.S. stocks rose sharply Wednesday as investors and traders started to come round to the benefits of recent trade deals secured by President Trump. Following the trade deal negotiated with the Philippines earlier in the week, Trump on Wednesday announced what he called a "massive" trade deal with Japan,. "So far, the tariff strategy Trump is pursuing looks very inspired, generating serious income, resulting in major investments in the U.S. to avoid the tariffs, and has yet to cause the disruptions and inflation that the naysayers said were certain," Louis Navellier, founder and chief investment officer at Navellier & Associates told CNBC Wednesday. "The stock market certainly reflects no fear of negative consequences." The Wall Street rally on Wednesday, saw the Dow Jones Industrial Average surging more than 500 points as strong corporate earnings and easing inflation concerns boosted investor sentiment. The Standard and Poor's 500 and Nasdaq Composite also posted solid gains. U.S. Markets Rally Broadly The Dow Jones Industrial Average (^DJI) led the charge, climbing 507.85 points or 1.14 percent to close at 45,010.29, marking its best day in three weeks. The blue-chip index was lifted by gains in financial and industrial stocks. The Standard and Poor's 500 (^GSPC), a broader measure of U.S. equities, advanced 49.33 points or 0.78 percent to finish at 6,358.95, with all 11 sectors ending in positive territory. The technology-heavy Nasdaq Composite (^IXIC) rose 127.33 points or 0.61 percent to 21,020.02, supported by rebounds in major tech names. Market Drivers Analysts attributed Wednesday's bullish momentum to: Global Forex Markets Show Mixed Movements Wednesday as Euro and Pound Gain Against the Dollar The foreign exchange market saw mixed trading on Wednesday, with the euro and British pound strengthening against the US dollar, while the yen and Canadian dollar weakened slightly. Key Currency Movements The euro (EUR/USD) rose 0.16 percent, trading at 1.1772, as investors weighed the latest economic data from the Eurozone. Meanwhile, the British pound (GBP/USD) climbed 0.40 percent to 1.3579, supported by stronger-than-expected UK retail sales figures. The U.S. dollar (USD/JPY) dipped 0.03 percent against the Japanese yen, settling at 146.54, as traders awaited further signals from the Sunday's election results. The greenback also edged lower against the Canadian dollar (USD/CAD), falling 0.06 percent to 1.3596, following a rebound in oil prices. Commodity Currencies Strengthen The Australian dollar (AUD/USD) surged 0.71 percent to 0.6599, its highest level in a week, boosted by rising commodity demand. Similarly, the New Zealand dollar (NZD/USD) gained 0.71 percent, reaching 0.6043, as risk appetite improved in Asian trading. The Swiss franc (USD/CHF) saw minimal movement, with the dollar inching up 0.03 percent to 0.7920, as markets remained cautious. Market Outlook Analysts attributed the euro and pound's gains to shifting expectations on U.S. President Donald Trump's trade policies, while commodity-linked currencies benefited from stronger global risk sentiment. Global Markets Close Higher on Wednesday, Led by Strong Gains in Asia and Europe Global stock markets mostly climbed higher on Wednesday, with major indices across Europe and Asia posting solid gains, while the Nikkei 225 surged more than 3 percent. Canadian Market Sees Modest Gains North of the U.S. border, the S&P/TSX Composite Index (^GSPTSE) in Toronto added 51.98 points or 0.19 percent to close at 27,416.41. The more muted performance reflected mixed movements in energy and materials stocks as commodity prices fluctuated. UK and European Markets Rally The FTSE 100 (UK) rose 37.68 points, or 0.42 percent, closing at 9,061.49. Meanwhile, Germany's DAX jumped 198.92 points, or 0.83 percent, to 24,240.82, and France's CAC 40 surged 106.02 points, or 1.37 percent, ending at 7,850.43. The broader EURO STOXX 50 index gained 53.77 points, up 1.02 percent, settling at 5,344.25. Belgium's BEL 20 also climbed 48.81 points, a 1.07 percent increase, closing at 4,596.22. Asian and Pacific Markets Show Strength In Asia, Japan's Nikkei 225 soared 1,396.40 points, or 3.51 percent, to 41,171.32, marking one of the strongest performances globally. Hong Kong's Hang Seng Index rose 408.04 points, or 1.62 percent, finishing at 25,538.07. Singapore's STI Index edged up 23.02 points, or 0.55 percent, to 4,231.28, while Australia's S&P/ASX 200 gained 60.00 points, or 0.69 percent, closing at 8,737.20. The broader All Ordinaries index in Australia added 59.90 points, or 0.67 percent, ending at 9,001.40. India's S&P BSE SENSEX climbed 539.83 points, or 0.66 percent, to 82,726.64, and Indonesia's IDX Composite surged 124.49 points, or 1.70 percent, to 7,469.23. Malaysia's KLSE rose 10.39 points, or 0.68 percent, closing at 1,529.79. In Taiwan', the TWSE Index advanced 330.75 points, or 1.44 percent, to 23,318.67, while South Korea's KOSPI gained 13.83 points, or 0.44 percent, ending at 3,183.77. China's Shanghai Composite inched up just 0.44 points, or 0.01 percent, to 3,582.30. In New Zealand the S&P/NZX 50 was one of the few decliners, slipping 39.68 points, or 0.31 percent, to 12,794.06. Egypt's EGX 30 also dipped slightly, losing 4.50 points, or 0.01 percent, to 34,125.10. Israel's TA-125 rose 36.36 points, or 1.17 percent, to 3,152.46. African markets on the rise
Yahoo
10-06-2025
- Business
- Yahoo
NVDA: Nvidia Climbs Nears 5-Month Peak, AI Powerhouse Defies Trade Fears
Nvidia (NASDAQ:NVDA) shares gained about 1% on Monday and 0.5% on early Tuesday, nearing five-month highs, as investors maintained confidence in the company's AI momentum despite ongoing global trade uncertainties. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The chipmaker has become a key driver of the broader tech rally, which has helped push the S&P 500 toward the 6,000 level and lifted the Nasdaq Composite further. Market watchers continue to highlight Nvidia's central role in powering new AI applications, from enterprise software to autonomous vehicles. CEO Jensen Huang reaffirmed that outlook during a keynote in London, where he underscored Nvidia's leadership in artificial intelligence development. The event came as U.S.-China trade negotiations unfolded in the same city, with chipmakers like Nvidia closely monitoring any signs of easing in tariffs or supply chain restrictions. Although Monday's advance was modest, it reflects growing investor conviction in Nvidia's long-term potential in AI-heavy sectors. The stock remains on a strong upward trend, supported by consistent demand from data center, automotive, and enterprise customers. Market strategist Louis Navellier said tech continues to lead as enthusiasm around AI builds, even amid geopolitical risks. Nvidia is trading near its highest level since early January This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Consumers- What Confidence and Costco Tell Us About the Spending Outlook
The good news recently was that the Conference Board announced its consumer confidence index surged in May to 98, up from 85.7 in April. Especially encouraging is that the expectations component soared to 72.8 in May, up from 55.4 in April, notes Louis Navellier, founder and chairman of Navellier & Associates. To get a FREE copy of the complete MoneyShow 2025 Top Picks Report, click HERE.) Other components, like business conditions, employment prospects, and future income also rose in May. So, after consumer confidence declined for five straight months, the May resurgence is very hopeful for the summer, since consumers are now suddenly upbeat! ( Louis will be speaking at the 2025 MoneyShow Masters Symposium Las Vegas, scheduled for July 15-17. Click HERE to register.) Another good sign of consumer confidence is that Costco Wholesale Corp. (COST) announced its earnings on Thursday, with quarterly same-store sales rising 8%, which is a sign that consumer spending remains strong. Since Costco is a major gasoline retailer, the fact that its same-store sales rose despite lower gasoline prices is an important signal. Costco will also be key to helping move the bloated inventory of goods that were 'dumped' in the US in the first quarter in an effort to beat the coming US tariffs. The company has stockpiled many goods, such as patio furniture, with no price increases foreseen for the summer months. See also: CTRI: A Utility Play That Just Landed Large, New Contracts All in all, the Commerce Department reported that personal spending rose only 0.1% in April after surging 0.7% in March. The data is not very inflationary, so the Federal Reserve has all the reasons its needs to cut key interest rates as soon as it can overcome its inflation fears. Disclosure: Navellier & Associates owns COST in managed accounts. Louis Navellier and his family own COST via a Navellier managed account and in a personal account. More From SPX: Yes, We Could Finish 2025 at 6,600 Given Earnings, AI Growth Earnings, Jobs Data to Drive Next Market Moves Market Minute 6/3/25: Wet-Blanket Forecasts Weigh on Markets Sign in to access your portfolio
Yahoo
17-05-2025
- Business
- Yahoo
Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut
While cryptocurrencies put in a flattish performance on Friday with bitcoin BTC churning around $104,000, crypto-related stocks were having a moment to shine. Crypto mining and data center firms such as Cipher Mining (CIFR), Hive Digital (HIVE), Hut 8 (HUT) and TeraWulf (WULF) booked 10%-20% gains on optimism about artificial intelligence (AI) computing demand, jolted by CoreWeave (CRWV) signing a $4 billion deal with ChatGPT-developer OpenAI. These firms are often seen as proxies for AI-linked infrastructure bets due to their data center assets. For its part, CoreWeave soared more than 26%. The rally extended to Galaxy Digital (GLXY), which rose 8% on its first day of trading on the Nasdaq, marking the firm's long-awaited U.S. market debut. The company, previously only listed in Toronto, manages crypto investments and trades digital assets and also has a data center business. Crypto exchange Coinbase (COIN) rebounded 9% after a sharp drop Thursday triggered by customer data breach and ongoing regulatory scrutiny by the U.S. Securities and Exchange Commission (SEC).DeFi Development (DFDV), the real estate tech firm with a Solana SOL treasury strategy, surged 45% to fresh record highs on news of striking a validator operation deal with memecoin BONK BONK and adding more SOL tokens to its balance sheet. Meanwhile, BTC held just above $104,000, up 1.3% over the 24 hours, while ether ETH gained 2.3% to $2,580. The broad-market CoinDesk 20 Index was flat, with XRP XRP underperforming as a U.S. judge rejected the settlement proposal between Ripple and the SEC. On the macro front, the University of Michigan's latest inflation survey showed consumers expect 1-year inflation to rise to 7.3%, up from 6.5%, the highest since the 1980s, while expectations for 5-10 years ticked up to 4.6%, a multi-decade high. "It's so high it doesn't make sense," Louis Navellier, chief investment officer of money management firm Navellier said in a market note. Responses showed staggering divergence in outlooks by political affiliations, with the Republican outlook for far tamer inflation. Traditional markets, consequently, shrugged off the data, with major U.S. stock indices climbing higher towards the latter hours of the session. However, rising inflation expectations may have a second-order impact on markets by discouraging Fed policymakers from cutting rates in the next months. "The concern here is that the Fed has expressed interest in consumer expectations on inflation, and with their concern about the potential of tariff-fueled inflation, it may give them further reason to pause," Navellier said.
