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- Your Daily Dose Of Knowledge! November 23, 2024 - #207
Your Daily Dose Of Knowledge! November 23, 2024 - #207
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Welcome Back,
Howdy everyone, I hope you all had an amazing and productive week and are ready to have a great and fun weekend. Today we are back to do a little recap of the past couple days in the stock market. Enjoy!
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Stock Market Investing
Market Recap:
Yesterday, the healthcare sector outperformed expectations, with the S&P 500 closing up 0.5%. Biotech firms led the rally, with Pfizer (PFE) climbing 0.76% due to strong Q3 earnings and the success of its latest vaccine. The NASDAQ gained 0.03%, driven by growth in mid-cap tech stocks, while the Dow Jones gained a whopping 1.1% as industrials underperformed. Energy stocks saw declines as oil prices dropped to $70.30/barrel, reflecting oversupply concerns and weaker-than-expected global demand.
S&P 500: +0.5%
NASDAQ: +0.03%
Dow Jones: +1.1%
Oil Prices: $70.30 per barrel
Stocks to Watch:
Eli Lilly (LLY): Down 0.46% yesterday, Eli Lilly is looking to gain momentum following the FDA approval of its Alzheimer’s treatment, which analysts predict could generate $5 billion annually. Current stock price is $750/share, with a 52-week high of $973.
Ford (F): Up 0.65%, Ford is under pressure due to rising material costs and a delay in EV production targets, so a decline in Ford’s future might be seen. At $10.80/share, this could be a long-term buy as the company pivots its strategy in the EV sector.
Today’s Stock Market Tip:
Future Stock Predictions:
Semiconductor Boom
The semiconductor market is poised for explosive growth, driven by AI, 5G, and electric vehicles. Stocks like AMD (Advanced Micro Devices) and ASML are well-positioned for gains. Analysts predict that AMD could hit $210/share (up from $137) in the next 12 months as demand for AI processors skyrockets.
Green Energy Surge
Renewable energy companies are expected to benefit from government subsidies and consumer shifts. NextEra Energy (NEE), currently trading at $77/share, could climb to $100 by mid-2025 as wind and solar projects expand across the U.S.
Economic Conditions
The U.S. economy is showing mixed signals. While the latest jobs report revealed a 4.2% unemployment rate, wage growth has slowed to 3.8% YoY, which could dampen consumer spending. Inflation has stabilized at 3.6%, helping ease pressure on the Federal Reserve to hike rates further. However, a potential government shutdown in the coming months could create volatility in the stock market.
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AI Stocks Leading the Market – Should You Invest?
AI continues to revolutionize industries, making AI-related stocks some of the most attractive investments. Microsoft (MSFT), with its advanced integration of AI in Office 365 and Azure, has gained 30% YTD and is set to add more value with its OpenAI partnership. Meanwhile, NVIDIA (NVDA) remains a leader, with analysts estimating its 2025 revenue could exceed $70 billion, up from $50 billion in 2024.
Despite their high valuations, AI stocks remain a long-term play, especially as businesses increase adoption across finance, healthcare, and logistics. Diversify your portfolio with AI ETFs like Global X Robotics & AI ETF (BOTZ) for balanced exposure.
Key Takeaways:
Market Recap: S&P 500 gained 0.5%, driven by healthcare; oil prices dropped to $70.30/barrel.
Stocks to Watch: Eli Lilly (-0.46%) and Ford (+0.65%) highlight opportunities in biotech and EVs.
Tip: Use the PEG ratio to identify undervalued growth stocks.
Future Predictions: Semiconductors and green energy stocks show potential for double-digit growth.
Economic Conditions: Inflation at 3.6%, with unemployment holding at 4.2%.
AI Boom: Microsoft and NVIDIA remain top AI investment picks.
That’s All For Today
I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.
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