Evans scores again as Canadiens down Lightning 5-2None
From the Quaid to now: How far has Pakistan strayed?GitLab Inc. (NASDAQ:GTLB) Director Susan L. Bostrom Sells 20,000 Shares of Stock
The S&P 500 is set to end November well on pace for its best annual gain in a generation, powered by a robust economy, a supportive Federal Reserve and outsized gains for the megacap tech stocks that dominate the blue-chip benchmark. Wall Street analysts, giddy with the prospect of a regulation-burning and business-friendly administration under President-elect Donald Trump, see further gains well into the coming year as well, as the two year bull market gallops into 2025 and beyond. 🚨 Don’t Miss this amazing Black Friday move! Get 60% off TheStreet Pro. Act now before it’s gone 😲 Deutsche Bank analyst Bankim Chadha threw down Wall Street's furthest S&P 500 marker in a note published earlier this week, pegging his end-2025 price target at 7,000 points, a level that would suggest another 16.25% gain from Friday's close. Chadha and his team see "steady robust momentum continuing into 2025, with earnings-per-share growth in the low double digits." They forecast collective profits of $282 a share, $7 ahead of Wall Street's $275 consensus. "We see various aspects of the cycle still to come, including a move from de- to restocking; a pickup in [capital spending] outside tech; a manufacturing recovery; rises in consumer and corporate confidence; a recovery in capital markets and M&A activity; a pickup in loan growth; and rest of the world growth," Chadha and his team predicted in an outline that largely resembles Wall Street's lofty expectations for 2025 stock performance. Chip Somodevilla/Getty Images Threading that needle will be a complicated task, however, for a Trump administration that could be in conflict with the Fed, in trade wars with its largest partners, and mired in legal challenges to some of its key policy objectives tied to immigration and tariffs. Risks to Wall Street's bullish outlook While the economy is riding solid momentum into year-end, it is also susceptible to a pullback in government spending, as Trump has promised, and to a weakening labor market, which could add to concern that the recession risk it's been able to avoid for the past four years could soon resurface. The merger boom that banks are forecasting could also take time to develop, given that regulatory changes to the financial sector will take time to come into force and could face resistance in a Congress that will be controlled by only narrow Republican majorities. Big takeover deals could also be thwarted by the market's historically high valuations, which continue to suggest the need for a near-term correction should earnings in any of the upcoming quarters fall short of Wall Street's forecasts. Related: Goldman Sachs analyst sees starting point for year-end S&P 500 rally Another risk: Trump's trade policies, as evidenced by his selection of tariff hawk Jamieson Greer as U.S. trade representative and his threat to impose significant tariffs on goods imported from China and from allies in the U.S.-Mexico-Canada treaty. These factors have the potential to both stoke inflation and blunt global growth. Bank of America analysts suggest that Trump's 2018 tariffs clipped S&P 500 profit margins by around 60 basis points, or 0.6 percentage point. A similar impact in 2025 would add a 4% headwind to collective earnings growth. That could keep the Fed from following through on market bets for further 2025 interest rate cuts, removing an important tailwind for stock performance over the first half of the year. U.S. fund flows at record levels "We don’t think the Fed will cut rates as sharply as markets expect," said Jean Bolvin, who heads the BlackRock Investment Institute. "An aging workforce, persistent budget deficits and the impact of structural shifts like geopolitical fragmentation should keep inflation and policy rates higher over the medium term. " Wall Street's broader optimism, however, is not simply an insular view: Global investors are plowing cash into U.S. assets Bank of America's weekly Flow Show report, published Friday, said global investors are "all-in on Trump 2.0" and are positioned for further gains for U.S. assets into the January inauguration. Related: Analyst revamps S&P 500 target for 2025 U.S. stock funds, the report indicated, gathered $55.8 billion in new money last week, the most since March, with record flows into large-capitalization names and the best new allocation for small-cap funds this year. Broader growth forecasts, meanwhile, remain optimistic, with Goldman Sachs predicting a 2.5% advance for the U.S. economy next year. That above-trend forecast is tied in part to a resilient labor market, slowing inflation and robust consumer spending. Consumer confidence is surging In fact, the Conference Board's benchmark index of consumer confidence in November hit the highest levels in more than a year. Chief Economist Dana Peterson cited "more positive consumer assessments of the present situation, particularly regarding the labor market," from Americans participating in the benchmark survey, With consumers feeling flush and prepared to spend the largest amount on record over the holiday season, the economy's most-important driver is firing on all cylinders. The market's most influential sector, meanwhile, is confident enough to spend around $700 billion a year over the coming decade to build out artificial-intelligence data centers and capture the potential of what could be the most impactful technology since the steam engine. More Economic Analysis: Collectively, that should set the table for another leg higher in the current bull market, which began in October 2022 and has added around $20 trillion in value to the S&P 500 benchmark. U.S. valuations are elevated but not as stretched as traditional metrics imply," said Joe Davis, global head of Vanguard's Investment Strategy Group. "And more importantly, the market has been increasingly concentrated toward growth-oriented sectors, such as technology, that support higher valuations." "Ultimately, high starting valuations will drag long-term returns down. But history shows that absent an economic or earnings growth shock, U.S. equity market returns can continue to defy their valuation gravity in the near term," he added. Related: Veteran fund manager sees world of pain coming for stocksPoulin has game winner as Montreal Victoire tops Minnesota Frost 3-2 for 3rd straight win
‘I was put in a nursing home at 32 after spending three months in coma following single punch attack’
Abandoned mines in the US pose dangers to people and property when land gives wayUS ski star Mikaela Shiffrin said Wednesday that she's "starting to feel a little bit more human" after suffering a puncture wound in a giant slalom crash but confirmed she won't race at Beaver Creek, Colorado, this month. "This is another fairly ambiguous injury and really hard to put a timeline of when I'll be either back on snow or back to racing," Shiffrin said in a video posted on social media. "But I do know that I will not be starting in Beaver Creek." Shiffrin had already said after Saturday's crash she didn't expect to be ready for the Colorado races, a downhill on December 14 and a super-G on December 15. On Wednesday, she said that whatever object caused the puncture in her abdomen also left "tore a cavern" in her oblique muscles. She said she had also undergone further testing to check for possible damage to her colon. "There were some air bubbles where the puncture came pretty close to the colon," she said. "Last night's check confirmed that my colon is, indeed, intact." Shiffrin was closing in on a once unimaginable 100th World Cup victory when she crashed in the second leg of the giant slalom at Killington, Vermont, on Saturday. She hit one gate and tumbled through another before sliding into the catch fencing and was taken from the hill on a sled. She won't miss any races this weekend because the two women's giant slaloms scheduled for Tremblant, Canada, were cancelled because of lack of snow. However, Shiffrin said she would be sorry not to resume her bid for a 100th World Cup win on the circuit's next US stop. "This is a really big bummer, not to be able to race Birds of Prey," Shiffrin said. "But on the other hand I was really lucky and I'm really looking forward to cheering my teammates on racing Beaver Creek." In 2023, Shiffrin broke Ingemar Stenmark's record of 86 World Cup wins, a mark once considered unassailable. Compatriot Lindsey Vonn has the second-most alpine World Cup wins by a woman with 82. bb/js
Celtics reportedly interested in trading for $18.6 million dollar Grizzlies wing | Sporting NewsThe Reds ultimately left St James’ Park with only a point after Fabian Schar snatched a 3-3 draw at the end of a pulsating encounter, but Salah’s double – his 14th and 15th goals of the season – transformed a 2-1 deficit into a 3-2 lead before the Switzerland defender’s late intervention. The 32-year-old Egypt international’s future at Anfield remains a topic of debate with his current contract running down. Asked about Salah’s future, Slot said: “It’s difficult for me to predict the long-term future, but the only thing I can expect or predict is that he is in a very good place at the moment. Two goals and an assist for Mo tonight 👏 pic.twitter.com/tMXidgeA0P — Liverpool FC (@LFC) December 4, 2024 “He plays in a very good team that provides him with good opportunities and then he is able to do special things. “And what makes him for me even more special is that in the first hour or before we scored to make it 1-1, you thought, ‘He’s not playing his best game today’, and to then come up with a half-hour or 45 minutes – I don’t know how long it was – afterwards with an assist, two goals, having a shot on the bar, being a constant threat, that is something not many players can do if they’ve played the first hour like he did. “That is also what makes him special. If you just look at the goals, his finish is so clinical. He’s a special player, but that’s what we all know.” Salah did indeed endure a quiet opening 45 minutes by his standards and it was the Magpies who went in at the break a goal to the good after Alexander Isak’s stunning 35th-minute finish. Slot said: “The shot from Isak, I don’t even know if Caoimh (keeper Caoimhin Kelleher) saw that ball, as hard as it was.” Salah set up Curtis Jones to level five minutes into the second half and after Anthony Gordon has restored the hosts’ lead, levelled himself from substitute Trent Alexander-Arnold’s 68th-minute cross. He looked to have won it with a fine turn and finish – his ninth goal in seven league games – seven minutes from time, only for Schar to pounce from a tight angle in the 90th minute. Newcastle head coach Eddie Howe was delighted with the way his team took the game to the Reds four days after their disappointing 1-1 draw at Crystal Palace. Howe, who admitted his surprise that VAR official Stuart Attwell had not taken a dimmer view of a Virgil van Dijk shoulder barge on Gordon, said: “It’s mixed emotions. “Part of me feels we should have won it – a big part of me – but part of me is pleased we didn’t lose either because it was such a late goal for us. “Generally, I’m just pleased with the performance. There was much more attacking output, a much better feel about the team. “There was much better energy, and it was a really good performance against, for me, the best team we’ve played so far this season in the Premier League, so it was a big jump forward for us.”This is essentially the first or second inning," National Association of Realtors chief economist Lawrence Yun said, comparing the current conditions for residential real estate professionals to the early part of a baseball game. Subscribe to continue reading this article. Already subscribed? To login in, click here.
SEIU Local 2: YVR janitors' Union reaches tentative agreement with employer, today's actions cancelled
DOGE just got a new hire