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A war of words is beginning to emerge between U.S. President Trump and Elon Musk following the billionaire's White House exit. Joy Malbon has the details.
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11 minutes ago
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3 Best Growth Stocks to Buy Now, 6/6/2025, According to Analysts
Growth stocks represent companies poised for rapid expansion, beating both the overall market and industry peers. This growth potential translates to large capital appreciation for investors. Also, investing in growth stocks can be a long-term strategy, as these companies reinvest profits to drive future expansion. Confident Investing Starts Here: One way to identify these stocks is through their past revenue or earnings growth. Today, we have shortlisted stocks whose revenue has grown at a five-year CAGR of more than 5%. Along with this parameter, we have zeroed in on stocks that have received Strong Buy ratings from Wall Street analysts. Here are this week's stocks: DraftKings (DKNG) – This company provides digital sports entertainment and gaming services. Its average price target of $54.43 implies a 57.22% upside potential from the current levels. The company's revenue has grown at a five-year CAGR of nearly 51%. ServiceNow (NOW) – ServiceNow provides cloud computing solutions that automate enterprise IT operations. NOW stock's average price target of $1,064.33 implies an upside potential of 4.16%. Its revenue increased at a CAGR of over 19% in the past five years. Uber Technologies (UBER) – This transportation company offers ride-hailing, courier services, and food delivery services. The stock has a price forecast of $98.61, which implies a 14.9% upside potential. UBER's revenues have witnessed a 31.6% five-year CAGR. What Is Tipranks' Smart Growth Newsletter? TipRanks' Smart Growth Newsletter provides top growth investment ideas on a weekly basis, based on TipRanks' data and analysis. The newsletter includes macro-economic, market-wide, and company-specific analysis to help investors understand the trends that may influence their growth investments. Stay ahead of the market – subscribe now!


Globe and Mail
26 minutes ago
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Why an Investment in This Index Can Be the Best Gift You Give New Grads This Year
May and June are graduation season, and if you haven't decided what to get for the new grad in your life, you may want to consider gifting them an investment. It may not be as flashy as a car or trip abroad, but that investment is likely to grow over time. In the process, it can not only underscore just how valuable investing can be but also how simple it can be as well. Beginners often believe successfully investing in the stock market must be a complex undertaking that requires years of experience and countless hours of research. But picking a good investment can be much easier than that. Tracking a broad market index such as the S&P 500 (SNPINDEX: ^GSPC) is arguably the simplest way for anyone to get started, and your gift can put the new grad you know on the right path. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Why an investment in the S&P 500 makes sense for new grads The biggest advantage young investors have is time. The problem is that many students and young professional aren't thinking about saving for retirement. Even if they are, they're often financially unable to do so as they grapple with student debt, rent payments, and other adult responsibilities. Or worse, they're most interested in finding the next big growth stock or chasing meme stocks. Investing in the safe and dependable S&P 500 probably doesn't rank too highly in any of these scenarios. But with decades ahead of them, new grads will benefit immensely from the effects of compounding. The S&P 500 has grown an average of 10% per year in its history, enough to mint a sizable nest egg for patient investors (more on this below). And beyond this attractive rate of return, the index is made up of 500 of the largest U.S. companies with exposure to all of the major sectors, industries, and geographic markets. Here's how much your gift could grow over time Though I've been talking about the benefits of investing in the S&P 500, you can't just buy a piece of the index. Instead, you can invest in an exchange-traded fund (ETF) that tracks it and offers very similar returns. A popular option is the SPDR S&P 500 ETF (NYSEMKT: SPY). This low-cost fund has an expense ratio of just 0.0945%, so for every $1,000 you have invested in the ETF, you lose less than $1 per year to management fees. When investing over the long term, high expense ratios can add up to hundreds and thousands of dollars. Over the past decade, the SPDR S&P 500 ETF has grown more than 180%. Including dividends, its total return climbs above 230%. Data by YCharts. That works out to a compound annual growth rate (CAGR) of 12.7% over the past 10 years, which is higher than the S&P 500's historical average. But taking a slightly more conservative approach and assuming the index and ETF will deliver a 10% annual return long term, here's how different sized gifts -- all invested in the SPDR S&P 500 ETF -- could grow for a new grad: Gift Amount 20 Years 30 Years 40 Years 50 Years $100 $673 $1,745 $4,526 $11,739 $200 $1,345 $3,490 $9,052 $23,478 $500 $3,364 $8,725 $22,630 $58,695 $1,000 $6,727 $17,449 $45,259 $117,391 $2,000 $13,455 $34,899 $90,519 $234,782 $3,000 $20,182 $52,348 $135,778 $352,173 Table and calculations by author. Your gift could become a five or even six-figure sum if its recipient is patient enough to let compounding do its magic. Though inflation will diminish the purchasing power of the estimates above, this is still a great example of how a simple investment in the stock market can become a major windfall for young grads, even if retirement planning is the last thing on their minds. Should you invest $1,000 in SPDR S&P 500 ETF Trust right now? Before you buy stock in SPDR S&P 500 ETF Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SPDR S&P 500 ETF Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025


Globe and Mail
26 minutes ago
- Globe and Mail
'Lackluster' WWDC Ahead: Apple Stock (NASDAQ:AAPL) Gains as Strategy Questioned
Consumer electronics giant Apple (AAPL) has been having a bit of a rough time of late, down from the juggernaut it once was, but still very much a part of most people's lives. And with the Worldwide Developers Conference (WWDC) coming up on Monday, difficult questions about Apple's future are being asked. And so far, investors like what they hear, if only somewhat, as Apple shares notched up fractionally in Friday afternoon's trading. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Apple Intelligence has not exactly reached the levels that Apple was hoping for, and this after a year in play. Many of Apple's competitors in this field have made substantial advances, but Apple remains a technological laggard. And with Eddy Cue, Apple's head of services, noting that users '…may not need an iPhone 10 years from now,' that represented a combination of events that definitely did not look good for Apple. But with the WWDC about to fire up in earnest, the focus is shifting to Apple's AI plans, and what it is looking to do now. With that very real possibility that Apple's hardware dominance could be on thin ice, hearing Apple's next moves in the market will be vital to ensuring that shareholders remain interested. However, Samik Chatterjee —who has a five-star rating on TipRanks—with JPMorgan noted that, right now, investors are expecting a 'lackluster' event. What Should Appear The news is difficult enough for Apple right now, but what will it likely roll out at the big show? Reports suggest that a new naming convention for iOS will emerge. While iOS was previously on iOS 18, it will not go to iOS 19. Rather, it will instead go to iOS 26, reports note, as the new convention requires the iOS be the year instead of the version number. Apple is also reportedly planning a major shakeup in the way its software looks. Some figure that it will change to better reflect the Vision Pro's operating system, though there are certain doubts as to how that will work, exactly. Apple may also uncase another app for social gaming, as the Game Center could use a bit of a replacement. But one thing that will likely not show up at WWDC, reports note, is any kind of new hardware. And if this is the case, that 'lackluster' projection of Chatterjee's might be dead-on. Is Apple a Buy, Hold or Sell? Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 16 Buys, nine Holds and four Sells assigned in the past three months, as indicated by the graphic below. After a 1.9% rally in its share price over the past year, the average AAPL price target of $228.65 per share implies 12.83% upside potential. See more AAPL analyst ratings Disclosure Disclaimer & Disclosure Report an Issue