Trending tickers: Nike, Apple, Tesla, Alibaba and JD Sports
The latest investor updates on stocks that are trending on Wednesday.
The latest investor updates on stocks that are trending on Wednesday.
DeFi's transformative potential is making a comeback, and these standout projects are poised to drive the next wave of innovation.
What if artificial intelligence combines with cryptocurrency? The answer would perhaps be the future of everything.
According to Odaily, the ADP report indicates a widespread rebound in U.S. job creation after five months of slowdown. The only sector that saw a reduction in jobs was the information industry. Notably, manufacturing added jobs for the first time since April.
The U.S. ADP employment figures for September will be released Thursday at 11:15 (UTC) , drawing significant attention from the market amid growing expectations of interest rate cuts by the Federal Reserve. Fed Chairman Jerome Powell recently stated that the labour market remains robust but "has indeed cooled down," suggesting the potential for two more 25 basis point rate cuts this year.However, market participants are betting on a more aggressive rate cut cycle, and tonight's ADP data, also referred to as the "small non-agricultural" report, will be a key indicator in validating Powell's outlook. The data release is expected to generate market volatility, and investors are advised to be mindful of the associated risks.
China stocks (^HSI) have extended their rally after the People's Bank of China unveiled new stimulus measures in an effort to recover its struggling economy. Todd Rosenbluth, TMX VettaFi Head of Research, joins Wealth! to discuss how you can play the China trade without cashing in on specific names. "For much of the year, China has underperformed the broader emerging markets. And so investors actually have been gravitating towards these ex-china ETFs... but this China stimulus that we're talking about could be the necessary boost to get more investors focusing on China," Rosenbluth tells Yahoo Finance. He points to ETFs like GXC (GXC) as a broad market exposure ETF, and highlights China A-Shares (ASHR) as an opportunity to get broader exposure to the Chinese stock market. In addition, he notes that KWEB (KWEB) is a great way for investors to get exposed to some well-known names and faster-growing companies in China. Watch the video above to hear some of Rosenbluth's ETF plays for the port strike affecting the US's East and Gulf Coasts. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
As the Nasdaq (^IXIC) is down the most out of the three major indexes (^DJI,^GSPC), investors may be wondering if now is the time to buy on the dip. Jason Browne, Alexis Investment Partners president, joins Julie Hyman and Josh Lipton on Market Domination to discuss how recent volatility could be an opportunity to buy into tech. “We have a lot of negative news hitting simultaneous[ly] to the pullback. If we can look at those as opportunities to add to things that we may have missed out on or maybe underweight in that tends to work out well over time. The other thing to note is with tech, particularly [when] we're going into an environment that potentially is going to be continued growth but slower growth. Then names with very attractive balance sheets that are more consistent earners or earnings growers and so forth. They tend to be a place that people flock to,” Browne tells the Market Domination team. He adds, “We are seeing this last couple of months consolidation period in this very strong uptrend, as overall a positive thing. We had lightened up on growth leading into this mostly because of wanting, like many, to take advantage of the broadening leadership associated with a more sustained rally. But we've been buying the dip in tech periodically in each of these pullbacks.” The portfolio manager mentions Alexis Investment Partners “used more indirect exposure than direct buying,” with exchange-traded funds (ETFs) “that have significant weighting to these names.” He names iShares Global 100 ETF (IOO.MX) and Vanguard Growth ETF (VUG) as ways to play tech. Browne notes that the ETFs were "within the context of also adding to things like" [real estate investment trusts] REITs and the equal-weight S&P 500 (^SPXEW). "I was kind of buying the dip today in general, but I specifically did make sure to incorporate some of these broadly diversified funds that are heavily weighted to large-cap tech as a big chunk.” Browne also has focused on "standouts within leading sectors." He says "Within technology, we own, as you might imagine, Apple (AAPL), Google (GOOG, GOOGL), Nvidia (NVDA), Microsoft (MSFT), in addition to owning a semiconductor ETF." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
Bitcoin fell to $60,000 on Tuesday evening as tensions in the Middle East worsened due to Iran’s attack on Israel. The leading cryptocurrency dropped nearly 5%, trading at $60,834.
The fallout from the Middle East situation is shaking global markets.
With less than 35 days until the U.S. presidential election, the crypto industry seems to be hoping for more favorable regulations in the near future.