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It's tempting to chase after the next big biotech breakthrough or speculate on businesses burning cash like there's no tomorrow. However, that's usually a fast track to disappointment – and a much lighter wallet.
Stocks are little changed as the first quarter comes to a close. Mish Schneider discusses this and goes over some of her investment ideas which include Vaneck Gold Miners ETF (GDX), Trump Media & Technology (DJT), and Invesco Solar ETF (TAN).
February retail sales rose 0.6% from the previous month, despite higher consumer prices, indicating positive consumer sentiment. In addition, the Federal Reserve signaled plans to cut interest rates three times in 2024, potentially leaving consumers with more disposable income.
The stock of small-cap Terns Pharmaceuticals Inc. rose 6% on Thursday, amid bullish analyst comment on the company's pipeline, which includes an oral treatment for obesity that one bank believes could send the stock sharply higher.
The U.S. economy is poised for a positive future. The Federal Reserve plans to lower interest rates three times in 2024, and certain industries are already seeing a boost.
Shares of MicroStrategy (NASDAQ: MSTR ) stock are sinking lower today but still up by over 150% year-to-date, following the publication of a short report from Kerrisdale Capital. The hedge fund disclosed in the report that it is long Bitcoin ( BTC-USD ) and short MSTR.
Outfront Media Inc. has sold its Canadian business to BCE at a nice multiple. The base business of Outfront Media remains under pressure, with a decline in adjusted OIBDA despite a rise in revenues. Dividend coverage for Outfront Media is relatively weak, with free cash flow just around the dividend level.
After a strong resurgence in the back half of 2023 and continued momentum into the first quarter of 2024, biotech stocks are back in vogue. “Hawkish” Federal Reserve Policy, a brutal bear market in 2022, and investor preference for big tech stocks have meant underperformance for biotech stocks.
Although it's been a fun ride chasing some of the hottest semiconductor plays available, concerns about an overheated environment organically incentivizes the search for tech stocks to become the next big thing. Of course, it's a risky endeavor but the rewards could be lifechanging.
Estee Lauder Cos. (EL) shares jumped Thursday after Bank of America Securities (BofA) analysts upgraded the stock and raised their price target for it, saying they see “meaningful growth” ahead for the beauty products maker.