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by Steven Magallanes
Monday, June 10, 2024
π¦ Top 3 Stocks Set to Soar with the AI-Driven Metaverse Revolution
Call it a stretch, but the future of AI is the metaverse. The metaverse is already powered by data centers, the cloud, and AI, and that relationship will only intensify. The metaverse is a persistent digital world that AI will help unlock, and the benefits will go both ways. As AI and the metaverse advance, 3-D visualization, computer vision, and the IoT will advance along with them. Eventually, users will be able to enter the metaverse, manipulate objects or information, and create real-world outcomes as a matter of course. These are three technology stocks well-positioned to benefit that aren't Roblox (NYSE: RBLX). Meta Platforms Goes Virtual with Reality Meta Platforms (NASDAQ: META) is leaning into virtual reality with its Quest VR headsets. .
Equity markets started the week on solid footing, holding steady from the previous week's close at record highs. The resilience is noteworthy ahead of this week's CPI data and FOMC meeting, which may alter the outlook for inflation and interest rates. The CPI is expected to show inflation slowing on a month-to-month basis but for the year-over-gains to be steady compared to the prior reading. At these levels, near 3.5%, the market should not expect to see a rate cut until next year because of the pace. At the current pace, core inflation may not hit the target 2.0% level for several more quarters, leaving the FOMC no choice but to keep rates high.
The S&P 500 may continue to move higher regardless of what the Fed says in its statement. Short of an expectation for economic catastrophe, hot inflation means demand and business activity, both driving S&P earnings growth. The market can sustain higher index prices as long as earnings continue to grow. When that situation changes, look out below.
Call it a stretch, but the future of AI is the metaverse. The metaverse is already powered by data centers, the cloud, and AI, and that relationship will only intensify. The metaverse is a persistent digital world that AI will help unlock, and the benefits will go both ways. As AI and the metaverse advance, 3-D visualization, computer vision, and the IoT will advance along with them. Eventually, users will be able to enter the metaverse, manipulate objects or information, and create real-world outcomes as a matter of course. These are three technology stocks well-positioned to benefit that aren't Roblox (NYSE: RBLX). Meta Platforms Goes Virtual with Reality Meta Platforms (NASDAQ: META) is leaning into virtual reality with its Quest VR headsets.
After years of closing or mostly neglecting physical bank branches across the U.S., the nation's largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch
U.S. stock markets seem to be reaching new all-time highs on a weekly basis. The NASDAQ 100 index can best be traded and followed using the most active exchange-traded-fund (ETF), the Invesco QQQ (NASDAQ: QQQ). The computer and technology sector companies dominate the QQQ. While the markets are trending upward, a rising tide doesn't necessarily lift all boats. Critics argue that a handful of companies dominate the market, impacting benchmark indexes disproportionately. Investors' burning question remains: "Where does it go from here?" Let’s examine the QQQ to explore potential moves. What is the QQQ Index? The QQQ tracks the movement of the Nasdaq-100 index, which is comprised of the 100 largest non-financial companies listed on the Nasdaq exchange.
Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.Shares in the airline rose 7% Monday, their second-best day since 2020.In a letter to Southwest's board, the investment firm complained that Southwest's stock price has dropped more than 50% in the last three years.Elliott said Southwest has failed to evolve, hurting its ability to compete with other carriers. The firm blamed the Dallas-based carrier's massive flight cancellations...
One of the market's most closely watched economic reports made a sudden turn last week. The employment situation report (NFP) showed that the U.S. economy is still resiliently adding jobs despite seeing some contradicting indicators placing a ceiling on its growth. Investors would be wise to follow the industries that helped the economy cough up these many jobs, as hiring sprees can signal more business shortly. Within these industries, analysts are sure to add their future predictions to the hottest stocks through price targets and earnings per share (EPS) projections, factors that are jus...
On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking "greedflation" and "shrinkflation."But for the past several months, top Biden administration officials have also stepped up their outreach to CEOs and other corporate leaders, asking about what they need. The effort encroaches on business community terrain that former President Donald Trump, the presumptive Republican nominee, considers to be his home turf.Both candidates ...
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