Identity authentication software company T Stamp Inc. In May, Genius Group Limited (NYSE:GNS)’s shareholders approved the company’s planned spin-off of its hospitality unit, Entrepreneur Resorts. Revenue in the period jumped about 120% year over year to $18.2 million. In June Genius Group Limited (NYSE:GNS) announced results for full-year 2022. Genius Group Limited (NYSE:GNS) -No IM LinkĮducation services and tools company Genius Group Limited (NYSE:GNS) ranks 11th in our list of the best Robinhood stocks to buy according to the media. Some notable names in the list include Microsoft Corporation (NASDAQ:MSFT) and, Inc. We gauged hedge fund sentiment for each stock using Insider Monkey’s database of 910 hedge funds. The list is ranked in ascending order of the number of hedge fund investors. We used a consensus opinion-based approach, picking only the stocks that appeared repeatedly during our research. There remain risks on the horizon, most notably weakness in commercial real estate, that could push this slow-moving economy into a recession within the next year.”įor this article, we conducted a broader survey of some of the top financial websites and picked 11 Robinhood stocks these top websites believe have the biggest upside potential. economy should continue to grow at a tempered pace from here, and while a recession is not guaranteed, a slower-moving economy will be increasingly sensitive to shocks. JPMorgan said the cooling labor market could be a sign that the economy is entering a recession. Data shows that the rate of job openings is slowing down and baby boomers are permanently leaving the workforce. The bank’s analysts said that “cracks” have started to appear in the labor market which was a bright spot throughout the market storm. JPMorgan also voiced similar concerns in a latest report. If spending from the government slows down, the trickle-down effect could cause a wider slowdown in money circulation. US government spending will face increased scrutiny in the future which could hamper spending on major government projects. Goldman also said that US government spending might slow down in the near future amid debt ratings downgrades. This coincides with the reinstatement of student loan payments, which may dampen spending, and an aggressive build-up of credit card balances, with interest costs that have soared to historical highs of more than 20%.” “Economists now estimate household savings to be around $350 billion, which could run out by the first quarter of 2024. In a report, Goldman Sachs talked about the risks to the US economy in 2024 and said that US household savings are dwindling fast. However, Goldman Sachs does not agree with the $75 trillion reason. He thinks we won’t face a broader recession and instead, certain parts of the economy would face contracting while other areas will keep expanding. Yardeni believes consumer spending will remain strong. Part of the reason why Yardeni was optimistic on the market was his belief that baby boomers have a whopping $75 trillion in wealth in savings, liquid assets, real estate, and other investments. In his July note, Yardeni set the odds of a recession over the next two and a half years at just 25%. Inflation is still high but showing signs of settling down and labor market is also showing signs of cooling. His predictions are yet to be validated since investors are still in a wait-and-see mode. Yardeni at the time said that the chances of a soft landing and a disinflationary scenario were growing. The $75 Trillion Reason Behind Market Optimism He sees S&P 500 earnings to hit $270 per share by 2025. Yardeni said that some analysts are too pessimistic. However, he said that any meltdown in stocks would be a temporary correction rather than the start of a bear market which many of the Wall Street analysts have been warning about ever since the bull market started. He said that the S&P 500 is indeed hot and the NASDAQ is even hotter. Yardeni, did not however, rule out the chances of a broader correction. He said at the time that he was seeing S&P 500 somewhere around 4,800 and 5,400 over the next 18 months. Yardeni said in his note that the bull market that started in October 2022 would last until at least the end of 2023. In July, Ed Yardeni from Yardeni Research said that a soft landing is now inevitable and the broader market is now on track to see record gains in 2024. Many now believe the next year would be a spectacular one for the stock market and stocks would touch new highs. The stock market gains seen this year despite rising inflation, rate hikes and recession fears have emboldened market bulls.
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