Good MorningEquity markets continued rebounding on Thursday after better-than-expected retail sales figures added impetus to the melt-up. The data shows retail sales growing by 1% over the previous month and 2.7% compared to last year, a solid figure but not quite enough to offset the impact of inflation. The takeaway is that price increases continue to drive economic strength while the volume of retail activity slowly recedes.
The S&P 500 is melting up and will likely continue higher on Friday. However, the upward movement since early August has been choppy and is approaching a ceiling. Given the economic outlook, the ceiling is near the recent highs and may not be broken soon. The retail sales figure is good news but also bad because it will keep the FOMC from cutting rates aggressively. With no sign of recession in the data and inflation slowly winding down to the target of 2.0%, a cautious approach is the most likely posture the FOMC will take. Featured: This Crypto Is Set to Explode in August (Crypto 101 Media) 
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Markets | | | Most investors tend to panic sell once the market’s volatility awakens from its often long sleep. As the S&P 500 or the value of any portfolio starts to decline suddenly like it did last week, the main risk management tool market participants look to is simply to reduce exposure to these... Read the Full Story >> |
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Markets | | | Investors looking for a respite from the ongoing market volatility may want to seek out dividend-paying stocks. The benefit of these stocks is that they give you an opportunity for reliable income today and into the future. Many of these stocks have fallen out of fashion in the tech-fueled AI revo... Read the Full Story >> |
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Markets | | | Wall Street rallied to one of its best days of the year Thursday after data showed the U.S. economy is holding up better than expected, with particular credit going to the country's shoppers. The S&P 500 jumped 1.6% for its fourth-best day of the year and its sixth straight gain as the U.S. stoc... Read the Full Story >> |
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Healthcare | | | Michael Burry, the founder of Scion Asset Management and renowned for his visionary bet against the housing market in 2008, continues to captivate the investment community with his unconventional strategies. His latest portfolio disclosures, revealed in the recent 13F filing for the second quart... Read the Full Story >> |
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Markets | | | Japanese stocks led the gains in World markets Friday after Wall Street rallied to one of its best days of the year as data showed the U.S. economy is holding up better than expected, with particular credit going to the country's shoppers. European markets were mostly higher. Germany's DAX rose 0.5%... Read the Full Story >> |
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Markets | | | Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week's Democratic National Convention.At his New Jersey golf club, the Republican nominee blended falsehoods about the economy with misleading... Read the Full Story >> |
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Markets | | | Warren Buffett and Berkshire Hathaway (NYSE: BRK.A) filed their quarterly 13-F, sending ripples through equity markets from Apple (NASDAQ: AAPL) to Ulta Beauty (NASDAQ: ULTA). The takeaway from the filing is that Berkshire continues whittling down its position in Apple and other tech plays and i... Read the Full Story >> |
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Markets | | | Americans stepped up spending at retailers last month by the most in a year and a half, easing concerns that the economy might be weakening under the pressure of higher prices and elevated interest rates Read the Full Story >> |
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Markets | | | Dubai-based port operator DP World has reported its half-year profits fell by nearly 60%, in part over the ongoing attacks by Yemen's Houthi rebels over the Israel-Hamas war that have affected shipping through the Red Sea Read the Full Story >> |
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Stocks | | | The artificial intelligence (AI) sector is experiencing rapid growth and innovation, with companies like NVIDIA experiencing unprecedented stock surges. This AI frenzy has generated significant wealth for many investors and fueled concerns about overvaluation and potential bubbles reminiscent of t... Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users. In addition, the company owns and operates natural gas gathering pipelines, processing plant, and treati... | Should I Buy Energy Transfer Stock? ET Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Energy Transfer was last updated on Tuesday, August 13, 2024 at 10:37 PM. Pros- Energy Transfer's stock price has shown resilience despite recent market fluctuations, indicating stability.
- The company has consistently increased its dividend, providing investors with a reliable income stream.
- Positive analyst ratings and target price upgrades suggest strong growth potential for the stock.
- Energy Transfer's revenue growth of 13.1% year-over-year indicates a healthy financial performance.
- The company's low P/E ratio of 14.16 and P/E/G ratio of 0.42 may present a value investment opportunity.
Cons- The company's recent earnings report showed a slight miss on EPS, potentially signaling challenges in profitability.
- Energy Transfer's stock performance has been volatile, with fluctuations in share price affecting investor sentiment.
- Debt-to-equity ratio of 1.37 may indicate higher financial leverage, posing risks during economic downturns.
- The company's current ratio of 1.18 raises concerns about its short-term liquidity position.
- Market cap of $52.50 billion and beta of 1.66 suggest higher market risk compared to some competitors.
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