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  • Nov 15, 2024

These 2 “Strong Buy” Penny Stocks Are Set to Triple (or more), Say Analysts

The year is winding down, but the bull markets are still charging ahead, getting a boost from improved sentiment after the presidential election. While the next few months will be a time of transition, a few things are likely. The Trump administration is expected to pursue a far looser regulatory policy than the outgoing Biden government. Plans for individual tax cuts are projected to drive consumer spending, while reductions in corporate taxes could deliver an immediate boost to earnings. While

  • Nov 15, 2024

Citigroup warns Trump's policies may slow growth in emerging markets

The brokerage said in a note on Thursday it expects Trump's trade policies to be a drag on global growth, while consequent U.S. dollar strength could further pressure emerging market assets. It expects Saudi Arabia and India to be less exposed to trade risks, and upgraded the top oil exporter to "overweight" from "underweight".

  • Nov 15, 2024

Investors circle the Trump trade's global market victims

Big global investors are exiting popular trades that bet on U.S. President-elect Donald Trump’s tax and tariff policies boosting Wall Street and wreaking damage abroad and swooping in on some of the Nov. 5 election's biggest market victims. After U.S. stocks and the dollar bounced on Trump's growth agenda and trade war fears pressured Chinese, European and emerging market assets, money managers are hunting for bargains in places where pessimism may have gone too far. "The thesis that Trump is good for the U.S. and bad for the rest of the world is a very common narrative," said John Roe, head of multi-asset funds at Legal & General Investment Management, which manages 1.2 trillion pounds ($1.52 trillion) of investments.

  • Nov 15, 2024

US Stocks Have Already Reversed a Third of Post-Election Rally

(Bloomberg) -- A pullback in the S&P 500 that’s already trimmed about a third off the index’s post-election rally is set to continue Friday, as sticky inflation and hawkish comments from the Federal Reserve weigh on sentiment.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissi

  • Nov 15, 2024

Hong Kong bitcoin ETFs finally see trading surge after Trump bump in the US

Surging bitcoin prices following the election of Donald Trump as the next US president have finally given Hong Kong's spot cryptocurrency exchange-traded funds (ETFs) a boost this week, with trading volume surging to a three-month high. Hong Kong's three ETFs that invest directly in bitcoin this week became active trading targets with about HK$135 million (US$17.3 million) changing hands on Tuesday. On most days since the ETFs launched in April, their total daily trading volume lingered below US

  • Nov 15, 2024

Stock market today: World stocks are mixed after Wall Street's post-election bonanza wanes

European shares opened lower while Asian stocks were mixed on Friday after U.S. stocks slipped as the market’s big rally following Trump's election victory cooled further. Britain’s FTSE 100 lost 0.4% to 8,038.17 after data from the Office for National Statistics showed economic growth slowed to 0.1% in the July-September quarter from the 0.5% in the previous quarter. The yen has been weakening against the U.S. dollar, boosting share prices for exporter like Nissan Motor Co., whose shares jumped 4.5% on Friday.

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