Best Growth Stocks to Buy for July 9th

Barrons.com
Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning
Berkshire Hathaway trimmed its holdings of Bank of America stock for the first time in at least four years. U.S. Bancorp, Wells Fargo, Bank of New York Mellon, and HP Inc. were once large positions at Berkshire and have been eliminated. The risk of further sales appears to be depressing Bank of America stock, which was off 1.5% on Monday afternoon.
The Smart Investor
3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends
Here are three blue-chip stocks that are on the way to raising their dividends. The post 3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends appeared first on The Smart Investor.
Simply Wall St.
At S$1.15, Is It Time To Put UMS Holdings Limited (SGX:558) On Your Watch List?
UMS Holdings Limited ( SGX:558 ), is not the largest company out there, but it saw significant share price movement...
Simply Wall St.
Three SGX Stocks Estimated To Be Undervalued In July 2024
Amidst a landscape of regulatory challenges and fines in the financial sector, as exemplified by Green Dot's recent $44 million penalty from the Federal Reserve, investors may find it prudent to look for value in other areas of the market. In this context, identifying stocks that appear undervalued could provide opportunities for those looking to invest under current market conditions.
MoneySmart
“Investing” in Singapore Lottery? The Math Behind Toto and 4D in Singapore
$13.12 million. That’s how much one lucky punter walked away with in May 2024—the largest prize money won from a single ticket in the history of Singapore lottery. *low whistle*... The post “Investing” in Singapore Lottery? The Math Behind Toto and 4D in Singapore appeared first on MoneySmart Blog.
The Smart Investor
3 Companies Joined the US$100 Billion Club for the First Time: Are They Attractive Buys?
We will look at some companies that have attained a market capitalisation of US$100 billion for the first time. The post 3 Companies Joined the US$100 Billion Club for the First Time: Are They Attractive Buys? appeared first on The Smart Investor.
The Smart Investor
4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow?
Here are four companies that recently announced business developments. Should they appear on your buy watchlist? The post 4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow? appeared first on The Smart Investor.
Barrons.com
Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion
Berkshire has reduced or eliminated stakes in several banks in recent years, including Wells Fargo, JPMorgan Chase, and Goldman Sachs .
The Independent
13 celebrities who lost their fortunes: ‘I had zero money’
Francis Ford Coppola and 50 Cent feature on this list of surprising stars who have suffered significant financial difficulties over the years
Zacks
Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $28.46, moving -0.42% from the previous trading session.
Barrons.com
Stock Futures Climb After Biden Quits Campaign. Here’s What to Watch Next.
U.S. stocks are poised for a higher open on Monday, offering the first glimpse of the markets’ reaction to President Joe Biden’s decision not to seek reelection and endorsement of Vice President Kamala Harris to become the Democratic presidential candidate. At 6:30 p.m. Eastern Time on Sunday, Dow Jones Industrial Average futures had gained 40 points, or 0.1%, S&P 500 futures had risen 0.2%, and Nasdaq Composite futures had advanced 0.3%. Polls had shown Donald Trump’s lead over Biden widening since the president’s poor debate, the failed assassination attempt on former President Trump, and the Republican convention.
Yahoo Finance Video
Wall Street bullish on Nvidia, Apple: Price targets raised
Nvidia (NVDA) shares are rallying in Monday's trading session following a price target upgrade from Piper Sandler. The investment firm raised its target for the chipmaker to $140 from $120, maintaining an Overweight rating and citing "extremely strong" demand for the company's products. Similarly, Apple (AAPL) received a boost from Wells Fargo analysts, who raised the tech giant's price target to $275 from $225. The bank highlighted the potential of Apple's artificial intelligence initiatives to drive sales and trigger an upgrade cycle among consumers. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Reuters
Oil drops as investors look past Biden exit, focus on weak fundamentals
NEW YORK (Reuters) -Oil prices fell for a second consecutive session on Monday to their lowest level in over a month, as investors looked past U.S. President Joe Biden's decision to end his reelection bid and focused on rising stockpiles and signs of weak demand. Biden ended his campaign on Sunday and endorsed Vice President Kamala Harris as the Democrat who should face Republican Donald Trump in the November election. Traders took Biden's decision in stride while shrugging off escalating tensions in the Middle East, U.S. fuel distributor TACenergy's trading desk wrote on Monday.
Reuters
Analysis-China faces growing scepticism over its commitment to decade-old policy pledges
As imbalances in China's economy deepen, pressure is growing on Beijing to deliver on the decade-old policy promises it revived at an agenda-setting leadership meeting last week, having failed to achieve major breakthroughs in recent years. Faced with deflationary pressures and weak demand at home and increased hostility towards its export dominance abroad, the twice a decade political event, known as a plenum, chose to point towards policy continuity rather than any structural shifts. The plenum "has clearly not been a game changer in terms of the reforms announced, especially given the challenges ahead both externally and domestically," said Alicia Garcia Herrero, chief Asia Pacific economist at Natixis.
South China Morning Post
US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair
The Federal Reserve is likely to cut interest rates three times this year as inflation heads downward and the labour market cools, according to Richard Clarida, who was vice-chair of the US central bank from 2018 to 2022. Any further improvements in inflation data and increases in the unemployment rate in the US will inform the Fed's decision, Clarida, currently the global economic adviser for asset management giant Pimco, said in an interview in Hong Kong. Pimco's forecast is for two rate cuts,
Simply Wall St.
July 2024 Insight Into Three SGX Stocks Estimated As Undervalued
As the global financial landscape evolves, the Singapore market remains a focal point for investors seeking stability and growth opportunities. Recent developments, such as the expansion of innovative payment solutions in Europe by companies like Stables, highlight an increasing integration of traditional finance with digital assets, setting a progressive tone for markets worldwide. In this context, identifying undervalued stocks becomes crucial as they may offer potential for significant...
Reuters
Fed to cut rates twice this year, with first move in September, economists say: Reuters poll
The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation, according to a growing majority of economists in a Reuters poll. Declining price pressures over the past few months and recent signs of labor market weakness gave several members of the policy-setting Federal Open Market Committee (FOMC) "greater confidence" inflation will return to the U.S. central bank's 2% goal without a significant economic slowdown. While all 100 economists in the July 17-23 Reuters poll said the Fed will keep rates unchanged on July 31, more than 80% - 82 of 100 - forecast the first 25-basis-point cut would come in September, pushing the federal funds rate to the 5.00%-5.25% range.
Fortune
Warren Buffett’s Berkshire Hathaway cuts its stake in EV giant BYD to under 5%, dropping below Hong Kong’s disclosure threshold
The days of calling BYD a “Buffett-backed” company may soon be coming to a close.
Associated Press Finance
South Korean tech giant Kakao's founder arrested in stock price manipulation case
South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price rigging during his company’s takeover of a major K-pop agency last year. Kim’s arrest came after the Seoul Southern District Court approved an arrest warrant, citing concerns that he could flee or destroy evidence. Kim faces allegations that he orchestrated and approved schemes to collaborate with the operator of a private equity fund to deliberately inflate the stock price of K-pop agency SM Entertainment to prevent Hybe Corp., the parent company of another K-pop powerhouse behind global sensation BTS, from buying SM Entertainment, according to the prosecutor.
Reuters
Signs the Fed is on the cusp of emerging from 'elevated' inflation blues
In September 2021, after absorbing three months of price hikes that were more than double the Federal Reserve's 2% target, U.S. central bank staff and policymakers shifted from their more passive tone about inflation and began describing it as "elevated." Triggered after the personal consumption expenditures price index used by the Fed to set its inflation target topped 4% in May, June and July of that year, the elevated inflation description remains in the rate-setting Federal Open Market Committee's policy statement to this day, even with the PCE now down to 2.6% and, it seems, still falling. The Fed's policy meeting next week may finally usher the word out the door.

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Best Growth Stocks to Buy for July 9th

Latest stories

Why Berkshire’s $1.5 Billion Sale of Bank of America Stock Could Be Just the Beginning

3 Singapore Blue-Chip Stocks That Could Potentially Raise Their Dividends

At S$1.15, Is It Time To Put UMS Holdings Limited (SGX:558) On Your Watch List?

Three SGX Stocks Estimated To Be Undervalued In July 2024

“Investing” in Singapore Lottery? The Math Behind Toto and 4D in Singapore

3 Companies Joined the US$100 Billion Club for the First Time: Are They Attractive Buys?

4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow?

Buffett’s Berkshire Sells Bank of America Stock Worth $1.5 Billion

13 celebrities who lost their fortunes: ‘I had zero money’

Palantir Technologies Inc. (PLTR) Stock Sinks As Market Gains: What You Should Know

Stock Futures Climb After Biden Quits Campaign. Here’s What to Watch Next.

Wall Street bullish on Nvidia, Apple: Price targets raised

Oil drops as investors look past Biden exit, focus on weak fundamentals

Analysis-China faces growing scepticism over its commitment to decade-old policy pledges

US likely to cut rates 3 times this year as inflation cools, says former Fed vice-chair

July 2024 Insight Into Three SGX Stocks Estimated As Undervalued

Fed to cut rates twice this year, with first move in September, economists say: Reuters poll

Warren Buffett’s Berkshire Hathaway cuts its stake in EV giant BYD to under 5%, dropping below Hong Kong’s disclosure threshold

South Korean tech giant Kakao's founder arrested in stock price manipulation case

Signs the Fed is on the cusp of emerging from 'elevated' inflation blues