Latest news with #NDX
Business Insider
21 hours ago
- Business
- Business Insider
Stock Market News Review: SPY, QQQ Jump on Strong Jobs Data, Offsetting U.S. GDP Forecast Cut
Tuesday was yet another green day for the S&P 500 (SPX) and the Nasdaq 100 (NDX) as the market continues its push higher. Here's what you may have missed. Confident Investing Starts Here: This morning, the market received a positive surprise after the April Job Openings and Labor Turnover Survey (JOLTS) showed 7.39 million job openings, ahead of the expectation for 7.10 million and rising from 7.19 million in March. That points to a strong job market during a time of heightened economic uncertainty. With economic uncertainty in mind, the Organization for Economic Cooperation and Development (OECD) cut its 2025 U.S. gross domestic product (GDP) growth forecast to 1.6% from 2.2%, citing increased trade barriers, inflation risks, and lower confidence. It also lowered the 2025 global GDP growth forecast to 2.9% from 3.0%, dragged down by the U.S., Canada, Mexico, and China. Meanwhile, China Foreign Ministry Spokesperson Lin Jian said that the U.S. ' falsely accuses and smears China, and has taken extreme suppression measures against China such as new chip export controls, blocking EDA sales, and announcing plans to revoke Chinese students' visas' in a sign of rising tensions between the two countries. This comes after President Trump accused China of violating the trade agreement signed in Geneva last month, which lowered tariffs on each side by 115% among other measures. Several White House officials have confirmed that Trump will soon speak to China President Xi Jinping over the phone, although Jian said 'I have no information to offer' when asked about the call. Later on, White House Press Secretary Karoline Leavitt confirmed that Trump would attend the North Atlantic Treaty Organization (NATO) Summit in the The Hague, Netherlands on June 24 and 25. Trump is likely to ask NATO leaders to increase defense spending in order to lift the load from the U.S. The S&P 500 closed higher by 0.58% while the Nasdaq 100 finished with a 0.79% gain.
Yahoo
2 days ago
- Business
- Yahoo
1 Nasdaq 100 Stock Worth Investigating and 2 to Steer Clear Of
The Nasdaq 100 (^NDX) is home to some of the biggest success stories in tech and growth investing. However, certain stocks in the index face challenges like profitability concerns, rising costs, or shifts in market trends. Even among high-growth companies, some are struggling, which is why we built StockStory - to help you separate winners from losers. That said, here is one Nasdaq 100 stock driving the future of tech and two that may struggle. Market Cap: $2.19 trillion Founded by Jeff Bezos after quitting his stock-picking job at D.E. Shaw, Amazon (NASDAQ:AMZN) is the world's largest online retailer and provider of cloud computing services. Why Are We Hesitant About AMZN? Amazon revolutionized the way consumers shop. But its capital-intensive online retail business caps its profitability, leading to margins that lag behind its Magnificent 7 peers. Although Amazon Web Services is a gold mine producing mission-critical infrastructure, its outsized scale limits its growth rate compared to smaller peers such as Microsoft Azure and Google Cloud Platform. Returns on invested capital are well below their pre-COVID peak as the company is in the middle of an investment cycle. Will Amazon ever harvest profits or keep pushing them to the future? At $206.51 per share, Amazon trades at 32.4x forward price-to-earnings. To fully understand why you should be careful with AMZN, check out our full research report (it's free). Market Cap: $44.34 billion Processing over 2.8 billion insurance transaction records annually through one of the world's largest private databases, Verisk Analytics (NASDAQ:VRSK) provides data, analytics, and technology solutions that help insurance companies assess risk, detect fraud, and make better business decisions. Why Does VRSK Worry Us? Muted 1.9% annual revenue growth over the last five years shows its demand lagged behind its business services peers Earnings growth over the last two years fell short of the peer group average as its EPS only increased by 8.7% annually Verisk is trading at $317.33 per share, or 43.9x forward P/E. Dive into our free research report to see why there are better opportunities than VRSK. Market Cap: $63.17 billion Founded in 1982 by John Walker and growing into one of the industry's behemoths, Autodesk (NASDAQ:ADSK) makes computer-aided design (CAD) software for engineering, construction, and architecture companies. Why Are We Positive On ADSK? Average billings growth of 23.1% over the last year enhances its liquidity and shows there is steady demand for its products Software is difficult to replicate at scale and results in a best-in-class gross margin of 92% Disciplined cost controls and effective management resulted in a strong trailing 12-month operating margin of 20.3% Autodesk's stock price of $294.80 implies a valuation ratio of 8.9x forward price-to-sales. Is now the right time to buy? See for yourself in our comprehensive research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
5 days ago
- Business
- Business Insider
Stock Market News Review: SPY, QQQ Dip as U.S.-China Tensions Flare, Consumer Sentiment Ends Losing Streak
Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) closed the Friday session well above their afternoon lows, although the benchmark indices were unable to finish in the green ahead of the weekend. Confident Investing Starts Here: This morning, President Trump accused China of violating the preliminary trade deal reached by the countries in Geneva. He didn't dive into the specifics, though he later said in an Oval Office press conference that he would like to speak with China President Xi Jinping about the situation. 'Hopefully we'll work that out,' said Trump. U.S. Trade Representative Jamieson Greer provided more details, saying that China was moving too slowly in removing tariff countermeasures and that it hadn't progressed in removing export restrictions on rare earth metals used in products like vehicles and semiconductors. The market sunk lower during the afternoon after Bloomberg reported that the U.S. is preparing sanctions on subsidiaries of Chinese technology companies included in the Entity List. Sources close to the matter added that the U.S. will likely enforce additional restrictions following the subsidiary sanctions in a sign of escalation between the two world powers. Aside from trade updates, the University of Michigan's May Index of Consumer Sentiment tallied in at 52.2, beating the expectation for 51.0 and ending four consecutive months of falling sentiment. The reading remained unchanged from April and was much higher than the preliminary May reading of 50.8 as a result of the U.S.-China preliminary trade agreement. On top of that, the core personal consumption expenditures (PCE) index for April tallied in at 2.5%, meeting expectations and falling from 2.7% in March. The index is the Fed's preferred inflation gauge and excludes food and energy prices included in the PCE index because of their volatility. The S&P 500 ended the day just barely lower with a 0.01% loss while the Nasdaq 100 fell by 0.11%. At the same time, May turned out to be quite a memorable month, as both indexes registered their strongest monthly performance since November 2023.
Business Insider
5 days ago
- Business
- Business Insider
Nasdaq 100 Index Today: QQQ Drops as U.S.-China Tensions Escalate, Core PCE Falls
The Nasdaq 100 (NDX) is taking a hit on Friday despite the core personal consumption expenditures (PCE) index showing a monthly drop and coming in line with the consensus estimate. That's due to rising tensions between the U.S. and China as the two sides work to settle a trade deal. 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 Aprils Core PCE tallied in at 2.5% year-over-year, falling from 2.7% in March. Core PCE is the Fed's preferred gauge for inflation and strips out volatile food and energy prices from the regular PCE index. The index represents the prices that consumers spend on goods and services. Despite the easing core PCE, tensions are rising between the U.S. and China. This morning, President Trump said that China has 'TOTALLY VIOLATED ITS AGREEMENT WITH US' in a heated Truth Social post. In response, the world's second-largest economy pressed the U.S. to stop its ' discriminatory restrictions ' on trade and end unfair export practices on the semiconductor industry, among others. Afterwards, Bloomberg reported that the U.S. was planning on targeting subsidiaries of Chinese companies included in the Entity List with sanctions. The restrictions could arrive as early as next month with further sanctions likely to follow, said sources familiar with the situation. The Nasdaq 100 is down by 0.99% at the time of writing. Which Stocks are Moving the Nasdaq 100? A quick look at TipRank's Nasdaq 100 Heatmap will show the specific stocks responsible for the index's decline today. The Magnificent 7 isn't having a magnificent Friday with losses led by Nvidia (NVDA) at -3.54%. The semiconductor leader is likely falling given the escalation in U.S.-China tensions. Other chip companies, like Broadcom (AVGO), Advanced Micro Devices (AMD), and Arm Holdings (ARM) are also in the red. Rising tensions are likely the culprit behind the drop in Tesla (TSLA) and Apple (AAPL) as well given that both companies have a major presence in China. On the other hand, Costco (COST) is up by nearly 4% after the wholesaler reported its fiscal third quarter earnings. QQQ Stock Moves Lower with the Nasdaq 100 The Invesco QQQ Trust (QQQ) is an exchange-traded fund (ETF) designed to track the movement of the Nasdaq 100. As a result, QQQ is falling in correlation with the Nasdaq 100 today. Still, Wall Street believes that QQQ stock has room to run. During the past three months, analysts have issued an average QQQ price target of $575.58 for the stocks within the index, implying upside of 11.74% from current prices. The 102 stocks in QQQ carry 86 buy ratings, 16 hold ratings, and zero sell ratings.
Business Insider
6 days ago
- Business
- Business Insider
Stock Market News Review: SPY, QQQ Close Higher as Investors Brace for Tariff Battle in Court
Both the S&P 500 (SPX) and Nasdaq 100 (NDX) opened the Thursday trading session well in the green after the U.S. International Court of Trade (CIT) ruled that President Trump's reciprocal tariffs breached his limit of power, putting a halt to many of the duties. In addition, Nvidia (NVDA), a major component within both indexes, reported its earnings with a double beat on EPS and revenue, finishing the day with a 3.25% gain. Confident Investing Starts Here: Still, the Trump administration promised to appeal the CIT's decision. Near the market close, the U.S. Appeals Court for the Federal Circuit ruled to temporarily reinstate the tariffs while it 'considers the motions papers.' It's likely that the tariff drama is far from over, erasing the fleeting relief provided by the CIT's ruling. Trump has several legal options to fully reinstate the tariffs, such as Section 232 of the Trade Expansion Act, which provides him with the power to impose restrictions on imports that are deemed a threat to national security. He had originally cited the International Emergency Economic Powers Act (IEEPA) as the legal authority for his reciprocal tariffs, which allows the President to regulate international trade during times of national emergencies. Trump also had two key meetings today. The first was a phone call with Japan's Prime Minister, Shigeru Ishiba. The call, which lasted about 25 minutes, didn't result in any material results, although the two sides discussed trade, diplomacy, and job creation through investments. The call precedes top trade representatives from Japan arriving in Washington on Friday. The President's second meeting was with Fed Chair Jerome Powell in the White House, where the pair discussed, unemployment, inflation, and interest rates. 'Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook,' said the Fed. The central bank added that its monetary policy decisions will remain unbiased from politics. Finally, the U.S. Bureau of Economic Analysis (BEA) revised its first quarter gross domestic product (GDP) estimate to -0.2% from -0.3%, citing increased customer spending and exports, which were partially offset by rising imports and lower government spending. The S&P 500 ended the day with a 0.40% gain while the Nasdaq 100 rose by 0.21%.
