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  • Dec 17, 2024

‘This Is a Great Buying Point,’ Says Analyst About These 2 ‘Strong Buy’ Software Stocks

A few years ago, the cloud transformed how companies use software. The shift moved users from purchasing licenses to subscribing to services, giving rise to the cloud-based software-as-a-service model. Now, we’re witnessing another major shift in the software landscape — the rise of generative AI technology. It’s making waves, and it remains to be seen exactly how they’ll crash ashore. One thing has become clear – the changes in the software industry are creating opportunities for investors. Cov

  • Dec 17, 2024

S&P 500 Buyers Step in Ahead of Fed Meet Despite Narrow Breadth

(Bloomberg) -- While concern has grown in the past week that narrowing market breadth has tapped the brakes on the S&P 500 Index’s blistering rally, it turns out that stock bulls are still stepping in to snap up shares ahead of the Federal Reserve’s interest-rate decision.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe index’s DVAN trend line — a proprietary divergence analysis that measures buying or selling pressure — has been on a buying streak since

  • Dec 17, 2024

European Car Stocks Entice Bargain Hunters With 50% Discount

(Bloomberg) -- After a dismal year, shares of Europe’s automakers are finally finding some positive momentum as signs of additional Chinese stimulus draw investors to the sector’s lowly valuations.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe Stoxx 600 Autos and Parts Index is up more than 4% in December, set for its best month since February, though is still down the most of any sector in the broader benchmark year-to-date. Even after the recent gain

  • Dec 17, 2024

BOK’s Rhee Expects Martial Law Turmoil to Hurt Economic Growth

(Bloomberg) -- Bank of Korea Governor Rhee Chang-yong said Wednesday that the ongoing political turmoil in South Korea weighs on the economy, suggesting authorities may downgrade growth forecasts and take stabilizing actions in response.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThere’s a high chance South Korea’s gross domestic product will grow 2.1% this year rather than 2.2% as projected earlier, Rhee said as he assessed the economic impact of the t

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