Good MorningEquity markets started the week on a positive footing, with the S&P 500 hovering near break-even for the session. The move shows continued support at a critical level following the previous week's sell-off and indicates a high likelihood that new highs will be set soon. The question is how soon a new high will be set, and it could be before the New Year. The holiday season typically brings a year-end rally, and there are reasons to buy this year. Among them are fundamentally strong economic conditions and an outlook for accelerating earnings growth in 2025.
The first big hurdle for the market in 2025 will come in the second week of the new trading year. The monthly labor data, including the NFP report, are due and may not show the same robust conditions the market has come to expect. The latest jobless claims figures showed an alarming spike in total claims, which may indicate a negative shift in the employment market. Featured: 2025 AI Stock Picks: 2 Hidden Gems Under $10/Share (Darwin) 
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Markets | | | The technology sector is a dynamic and ever-evolving market terrain where innovation is paramount to survival and growth. Cutting-edge developments are revolutionizing industries, creating a wealth of unique opportunities for investors who know where to look. Three companies are at the forefr... Read the Full Story |
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Markets | | | It’s the end of the 2024 trading year. Now that investor attention – and capital – is headed to 2025, a few resources might be useful for figuring out the best ideas and trends to invest in in the coming months. One of these resources is Barron’s top stocks list for 2025, r... Read the Full Story |
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Markets | | | The Dow Jones Industrial Average had the longest consecutive losing streak since 1978, falling for 10 straight days from December 5 to December 19, 2024. Meanwhile, the S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), was in a relatively flat trading range with six ... Read the Full Story |
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Markets | | | FedEx (NYSE: FDX) shares surged following the fiscal Q2 2025 earnings report because of its daring plan to unlock value. After careful review, the board has decided to spin off the freight business, which is struggling and offsetting strength in the core FedEx Express operations. The plan is to... Read the Full Story |
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Markets | | | Global markets were mostly higher on Tuesday, with Chinese markets logging gains of more than 1% after the Chinese finance minister promised a more pro-active approach to government spending in the coming year. Markets in the U.S. will close at 1 p.m. Eastern on Tuesday for Christmas Eve and will re... Read the Full Story |
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Markets | | | The manufacturing sector is undergoing rapid procedural changes and strategic shifts, driven by the increasing adoption of automation and artificial intelligence (AI). This transformation is being hailed as the next industrial revolution, and it is promising to reshape industries by enhancing... Read the Full Story |
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Markets | | | The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.The Texas company has faced increasing competition from retailers like Target and Walmart at the same tim... Read the Full Story |
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Markets | | | President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working in the United States illegally Read the Full Story |
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Markets | | | The economic and technological rivalry between the United States and China has come to the drone market, where Chinese-made flying devices are a dominant player.Lawmakers in Washington are seeking to ban new sales of drones from two dominant Chinese manufacturers, arguing they could be used to spy o... Read the Full Story |
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Markets | | | The British economy flatlined in the third quarter of the year, according to downwardly revised official figures in another blow to the new Labour government that has made growth its number one mission Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Veeva Systems Inc. provides cloud-based software for the life sciences industry. It offers Veeva Commercial Cloud, a suite of software and analytics solutions, such as Veeva customer relationship management (CRM) that enable customer-facing employees at pharmaceutical and biotechnology companies; Veeva Vault PromoMats, an end-to-end content and digital asset management solution; Veeva Vault Medical that provides source of medical content across multiple channels and geographies; Veeva Crossix, a... | Should I Buy Veeva Systems Stock? VEEV Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Veeva Systems was last updated on Wednesday, December 18, 2024 at 12:00 AM. Pros- Veeva Systems Inc. has received multiple upgrades from analysts recently, with target prices raised by firms like Bank of America and Robert W. Baird, indicating strong market confidence in the company's growth potential.
- The stock is currently trading at $229.27, which is below the consensus target price of $255.35, suggesting potential for price appreciation as the market corrects.
- With a market capitalization of approximately $37.13 billion, Veeva Systems Inc. is well-positioned in the life sciences sector, providing cloud-based software solutions that are increasingly in demand.
- The company has a strong consensus rating of "Moderate Buy," with 18 analysts recommending a buy, which reflects positive sentiment among market experts.
- Veeva Systems Inc. has demonstrated resilience with a 1-year high of $258.93, showcasing its ability to maintain value in a fluctuating market.
Cons- The stock has experienced insider selling, with significant shares sold by executives, which may indicate a lack of confidence in the stock's short-term performance.
- Veeva Systems Inc. has a relatively high P/E ratio of 57.40, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
- Despite the positive ratings, one analyst has issued a sell rating, highlighting potential risks that could affect the stock's performance.
- The stock's recent trading volume of 203,985 shares is significantly lower than its average volume of 980,485, indicating reduced investor interest and potential volatility.
- With a beta of 0.82, the stock is less volatile than the market, which may limit potential gains during bullish market conditions.
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