Investing News

The SPDR S&P Dividend ETF (SDY) stock has come under pressure in the past few months as concerns about the US markets continue. The shares have crashed to the lowest level since March 27th as it retreated by almost 10% from the highest point this year.

Dividend aristocrats in trouble

The SPDR S&P Dividend ETF is a leading fund that tracks dividend aristocrats, which are companies that have hiked dividends in the past 25 years. The fund was created in 2005 and has grown to more than $21 billion. It has 122 companies spread across all sectors. 

SDY ETF’s biggest constituent companies are State Steeet, 3M, IBM, NNN REIT, Walgreens Boots Alliance, Realty Income, Leggett & Platt, and Essex Property Trust among others. The biggest constituents in the fund are industrials, consumer staples, utilities, and financials among others.

SDY ETF has an expense ratio of 0.35%, which is higher than other dividend funds like SCHD, VYM, DGRO, and HDV among others. Most of these funds have an expense ratio of 0.06%.

The SPDR S&P Dividend ETF has underperformed because of its strong exposure to REIT companies. REITs have crashed hard this year because of the rising interest rates and high vacancy rates in commercial real estate.

Other big constituents are also struggling. For example, Walgreens Boots Alliance shares have retreated to $30, the lowest point since October 2022. The shares have dropped by over 45% from the highest level in 2022.

State Street, the biggest constituent company has dropped to $68.55, ~27% from the highest point this year. Other companies like Leggett & Platt, T.Rowe Price, and Stanley Black & Decker shares have retreated by double digits.

On the other hand, some of the top-performing companies in the ETF this year are Avista Corp, Southern, and Clorox have done well this year.

SDY ETF stock price forecast

The daily chart shows that the SDY fund has been in a bearish trend in the past few weeks. It has moved from the year-to-date high of $131.70 to $118. The stock has dropped below the 25-day and 50-day exponential moving averages (EMA). Similarly, the MACD indicator has dropped below the neutral point.

It has also moved slightly above the key support at $116.80, the lowest point on March 24th. Therefore, a break below this level will signal that bears have prevailed, which will see it drop to $109.31. A move above the key resistance point at $125.65 will see it jump to the year-to-date high of $131.60.

The post SDY stock: Is this dividend aristocrat ETF a good buy? appeared first on Invezz.

ZIM Integrated (NYSE: ZIM) stock price has crashed hard after the company canceled its dividend as the shipping industry recoils. The shares plunged to a low of $12.95, the lowest level since January 26th. Its stock has retreated by more than 37% from the highest level this month. In all, the shares have dropped by almost 70% from 2022 highs.

Dividend is now gone

ZIM Integrated, one of the biggest companies in the shipping industry, made headlines after it delivered weak earnings. In a statement, the company said that its revenue in the first quarter to $1.4 billion from the previous $3.7 billion. The average cost of container plunged by 64% to $1,390.

At the same time, the free cash flow came in at $142 million from the previous $1.5 billion. Its total debt jumped by $307 million while the number of containers carried fell to 769k during the quarter. As I wrote in this article, ZIM Integrated Shipping reported a big loss, pushing it to cancel its dividend. It said:

“Given the net loss we recorded this quarter, per our dividend policy to distribute 30% to 50% of our annual net income in quarterly installments, we are not distributing a dividend this quarter.”

ZIM Integrated is in trouble as demand for shipping slips, pushing prices sharply lower. The most recent data shows that the Freightos Baltic Index has plunged to the lowest level since 2021. It has dropped to about $1,400 from the pandemic high of over $10,000.

ZIM Integrated is going through a tough period as natural gas prices sink and as global demand eases. Natural gas price has crashed to the lowest level since December 2020. This is important since ZIM makes money in transporting liquified natural gas (LNG).

Meanwhile, there are signs that the global economy is not recovering as fast as what analysts were expecting. China’s industrial production grew at a slower pace than expected while industrial production dropped by 18% in April.

ZIM Integrated Shipping stock price analysis

The daily chart shows that ZIM stock price has been in a strong bearish trend in the past few days. It has dropped from a high of $22 to $13.75. The stock has crashed below the 25-day and 50-day exponential moving averages (EMA).

Further, the MACD and the Relative Strength Index (RSI) have continued falling. Therefore, the shares will likely continue falling as sellers target the next key support level at $11. A move below this price will see it drop below $10.

The post ZIM Integrated Shipping stock price: the plot thickens appeared first on Invezz.

Everyone is curious to know how the stock market will react to the debt ceiling deal announcement that happened over the weekend. Republicans and Democrats have reached an agreement, but we are yet to see the stocks’ reaction because the Memorial Day holiday was on Monday.

The debt ceiling uncertainty was a drag for US stocks. However, not all stocks have had a tough time in 2023. In particular, three sectors have outperformed and have now reached overbought or extreme overbought levels:

Technology

Communication services

Consumer discretionary

The technology sector (NYSEARCA:XLK) is up over 41% YTD

The technology sector outperformed in 2023 and gained over 41% YTD. And rising.

However, it currently trades at more than three standard deviations above its 50-day moving average, meaning it has reached extreme overbought levels.

Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and NVIDIA (NASDAQ:NVDA), are the top 3 holdings.

Communication services (NYSEARCA:XLC) has reached extreme overbought levels

Communication services companies also performed well so far this year. Names like Meta (NASDAQ:META), Alphabet (NASDAQ:GOOG), or Netflix (NASDAQ:NFLX), have led the gains.

At the current levels, the sector trades in extreme overbought territory as well, two standard deviations above the 50-day moving average.

Consumer discretionary (NYSE:XLY) is up 23.58%  YTD

The last sector trading in the overbought territory is the consumer discretionary sector. It gained 23.58% YTD and trades at around two standard deviations above the 50-day moving average.

Amazon (AMZN:NASDAQ), Tesla (NASDAQ:TSLA), and Home Depot (NYSE:HD) are the main holdings.

Caution is needed as these three sectors outperformed and are in overbought or extreme overbought territory. Is it time to rotate into oversold sectors?

The post 3 overbought US sectors to watch in the months ahead appeared first on Invezz.

IDS share price has suffered a big reversal in the past few days as demand for the stock drops. Shares of Royal Mail’s parent company have retreated to 190p, much lower than the year-to-date high of 260p. It has plunged to the lowest level since November 7. 

IDS faces significant challenges

IDS is going through a difficult period as the company’s parcel and letter demand eases. The company’s revenue and profitability has been in a downward trend after peaking during the pandemic. The most recent financial results showed that the company’s revenue dropped from £12.7 billion to £12.04 billion in the last financial year.

As a result, the company sunk to a big loss of £748 million after making an operating profit of over 577 million. This loss was mostly because of the company’s Royal Mail business, which suck into a £1.04 billion loss. GLS, its international business, also saw its profit drop to £296 million. IDS has also seen its debt jump. Net debt rose from £985 million to £1.5 billion.

I believe that IDS share price has more downside to go. First, as I wrote in this article, the company is severely overstaffed. The company, which is valued at just £1.9 billionhas over 150k workers. Its total people costs have jumped to more than £5 billion in the past few years. The people cost will likely continue rising after the recent return-to-work formula.

Second, the company is facing strong competition. This week, Amazon announced that it was partnering with Evri – formerly known as Hermes – to assist it with deliveries. The company will also use DPD and Royal Mail. This is an important move since Amazon is one of the biggest parcel players in the UK.

Further, in all, Royal Mail is facing a tough period as its losses and competition in the industry rises. It also pays no dividend, making it an unattractive investment at a time when interest rates are rising.

Royal Mail share price forecast

In my last article, I predicted that the IDS stock price would pull back to 173p. This outlook was accurate since the stock has moved from a high of 260p to about 200p. The 25-day and 50-day moving averages have made a bearish crossover and is at the lowest point on December 12. 

Therefore, there is a likelihood that the stock will continue falling as sellers target the key support at 173.85, the lowest point in October 18th. This means that it will drop by about 13.5% from the current level. A drop below that level will see it drop to 150p.

The post IDS share price: Here’s why I’d never buy Royal Mail stock appeared first on Invezz.

Rolls-Royce (LON: RR) share price has been dead money in the past few days as investors react to the company’s turnaround and recent financial results. The stock was trading at 150p, where it has been since April. Still, it has jumped by over 131% from the lowest level in 2022. 

Latest Rolls Royce news

The latest manufacturing news is that Rolls-Royce is considering cutting thousands of jobs as the new CEO works to turn around the company. In a report, the Sunday Times said that Tufan Erginbilgic was considering cutting about 3k jobs across the board. In a rejoinder, the company said that it had not yet made a decision on these job cuts yet. 

Rolls-Royce is going through a turnaround as it seeks to improve its profits and reduce its mountain of debt. In 2020, the company laid off over 9,000 workers as it worked to preserve cash due to the Covid-19 pandemic. 

These job cuts will come at a time when the company is benefiting from the rising defense spending and a recovery in the civil aviation industry. The number of flying hours have jumped ahead of the busy summer season, which is important since the company makes most of its money in this industry.

In May, the company said thatr the large engine flying hours rose to 83% of 2019 levels in the four months to April. For the full year, the company hopes that this range will be between 80% and 90%. 

Meanwhile, Rolls-Royce is in legal trouble in India where the Central Bureau of Investigation filed criminal charges against the company. The agency alleges that Rolls-Royce Holdings engaged in a criminal conspiracy to cheat the government. This suit relates to the supply of Hawk aircraft, which is manufactured by BAE Systems.

The criminal case could cost Rolls-Royce Holdings millions of dollars as it work to turn around its business.

Rolls-Royce share price forecast

The daily chart shows that the RR stock price has been in a strong bullish trend this year. Recently, however, the stock has been in a tight range in the past few days. It remains slightly above the 50-day and 25-day exponential moving averages (EMA).

The Average True Range (ATR) has dropped to the lowest level since February 24th. This means that the shares have seen their volatility slip. Volume has also been in a downward trend as shown in black. 

Therefore, there is a likelihood that the stock will continue consolidating in the near term and then have a bullish breakout to 200p in the near term. A move below the support at 140p will invalidate the bullish view.

The post Rolls-Royce share price outlook as volatility, volume slips appeared first on Invezz.

Rivian (NASDAQ: RIVN) stock price has drifted upwards in the past few weeks as the recent sell-off eases. Shares of the electric vehicle manufacturing company have risen to $15, higher than the year-to-date low of $11.8.

Why I’m buying RIVN shares

Rivian share price has been a huge disappointment to initial buyers since it has crashed by more than 90% from their all-time high. As a result, the company’s market cap has plunged to about $14.2 billion. At its peak, the company was valued at over $100 billion.

There are several reasons for this plunge. First, the entire EV sector has underperformed, with companies like Lucid Motors, Tesla, Nio, and Mullen Automotive losing billions in value. This decline happened after the stocks surged during the pandemic.

Second, there are signs that the industry growth is slowing. As I wrote in this article last week, Xpeng, a leading Chinese manufacturer reported weak sales and margins in the first quarter. 

Further, Rivian stock has crashed because of the unprecedented cash outflow in the company. The firm incinerated over $6 billion in 2022 as it lost money on all cars it sold.

Still, I believe that now is a good time to buy Rivian stock for several reasons. First, despite the big losses, the company has a path to profitability. Analysts believe that Rivian will break even in 2028 when its revenue will soar to $32 billion. Rivian believes that it will turn a profit sooner than estimates.

Second, unlike other EV companies, Rivian’s products are rated well by owners. Motor Trend named R1T the Truck of the year in 2022. Similarly, J.D Power ranked it the best overall vehicle in 2022. It also received the top safety rating. This means that the company will likely see more demand going forward.

Rivian potentially improving margins

Third, the company will likely see improved margins in the coming quarters. As I wrote recently, nickel price has been steadily falling. Other industrial metals used in the EV industry like lithium and copper have been in a strong bearish trend recently. This is important since these metals are the most expensive parts of EV manufacturing.

Further, Rivian is now shifting from Bosch car motors to its in-house motors. This means that the company will now capitalize on its own technology instead of that made by Bosch. Rivian also has room for international expansion.

Still, there are risks to the bullish thesis. For one, there are still elevated dilution risks because of the long runway to profitability. Also, the company is facing strong competition from the likes of Ford and GM.

Rivian stock price forecast

Rivian share price has made a comeback in the past few days. It has formed a small inverted head and shoulders pattern and moved slightly above the 50-day exponential moving average. The Relative Strength Index (RSI) has moved above the neutral point at 50.

In all, I believe that the shares have bottomed, which will see it jump to the next resistance point at $22.38, the highest level on February 1. This price is about 50% above the current level.

The post Rivian stock price forecast: Here’s why I’m buying Rivian shares appeared first on Invezz.

Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) is a better pick for exposure to artificial intelligence versus Samsung Electronics Co Ltd (KRX: 005930), says a Susquehanna analyst.

TSMC stock could climb to $126

Mehdi Hosseini recommends that investors buy TSMC shares as they have upside to $126 – more than a 20% upside from here.

If AI is becoming more of a buzzword, TSMC has most exposure there. The quality of earnings, quality of management, and shareholder return favour TSMC over Samsung . . . that’s way behind TSMC.

The semiconductor behemoth currently pays a dividend yield of well over 2.0% that makes up for an additional reason to own its stock.

The Susquehanna analyst remains bullish on TSMC shares even though the multinational reported a year-over-year decline in quarterly revenue last month.

Why is he not as bullish on Samsung stock?

Mehdi Hosseini does not see tensions between the United States and China as a threat for TSMC as it’s the only game in town when it comes to manufacturing advanced microchips.

He likes the Taiwanese company over Samsung as it specializes on semiconductor manufacturing. In a recent interview with CNBC, the Susquehanna analyst noted:

Samsung has more exposure to memory industry, which is more volatile, compared to TSMC that has more leverage to leading edge in semiconductor manufacturing. So, TSMC offers better free cash flow margin.

At writing, TSMC shares are up roughly 40% for the year. In February, legendary investor Warren Buffett had cut his stake in Taiwan Semiconductor Manufacturing as Invezz reported here.

The post Samsung vs TSMC stock: Susquehanna analyst picks a side appeared first on Invezz.

The Nasdaq is the world’s largest electronic stock exchange and second-largest stock exchange globally in terms of market capitalization behind the New York Stock Exchange (NYSE).  It was founded in 1971 and is headquartered in New York City. The Nasdaq stock exchange lists over 3,500 companies, including many of the world’s leading technology companies.

The Nasdaq Composite Index, which is the largest index on the Nasdaq, measures all domestic and international common type stocks. The market-capitalization-weighted index is the second-largest stock market index in the world, after the S&P 500. 

In terms of performance, Nasdaq stocks have often outperformed the broader stock market, with the Nasdaq 100 doing better than the S&P 500 and the Dow Jones Industrial Average in recent years. 

Here is a summary of key Nasdaq stocks statistics for 2023.

Key takeaways

More than 3,500 companies are listed on Nasdaq.

Nasdaq’s listed companies have a total market capitalization of $25.3 trillion.

Over 4.3 billion shares are traded daily on the Nasdaq exchange.

Technology stocks make up more than half of companies in the Nasdaq Composite. 

The Nasdaq 100 index comprises the largest 100 companies traded on the Nasdaq, with nearly 60% being in the tech sector.

Nasdaq stocks: market summary

1.There are over 3,500 companies listed on Nasdaq

More than 3,500 companies are listed on the NASDAQ stock market. According to this FactSheet by Nasdaq, these companies represent a wide variety of industries, including technology, healthcare, and financial services.

2. The market capitalization of the nasdaq stock market is $25.3 trillion

The total market capitalization of all Nasdaq stocks is $25.3 trillion (as of May 29, 2023). This is the second-largest market capitalization in the stock exchange industry, only behind the NYSE. Compared in terms of growth, the Nasdaq shows a faster pace since January 2018, when it had a market cap of about $11 trillion. The NYSE had a market cap of $23 trillion at the time.

3. Over $200 billion worth of stocks trade on Nasdaq daily

In 2023, an average of over $200 billion worth of stocks were traded on Nasdaq daily, with $290 billion traded on 25 May 2023. 

4. An average of 4.3 billion shares are traded daily on Nasdaq

According to daily market data for Nasdaq, an average of 4.3 billion shares in volume are traded daily on the Nasdaq exchange.

5. There are over 1000 international stocks listed on the Nasdaq

There are a total of 1,000 foreign companies listed on the Nasdaq stock market. These companies represent a wide variety of countries, including China, India, and Japan.

Nasdaq markets and indices stats

6. Nasdaq operates 29 markets, a clearinghouse, and 5 central securities depositories

The Nasdaq’s operations encompass 29 markets for stocks, bonds, derivatives and commodities.  It also operates a clearinghouse and five central securities depositories.

7. Nasdaq’s trading technology is used by over 100 exchanges globally

Nasdaq’s growth as a leading electronic stock exchange has seen its proprietary trading technology deployed by 100 exchanges across 50 countries.

8. Nasdaq trades under the ticker NDAQ and part of the S&P 500 since 2008

The Nasdaq Inc stock trades under the symbol NDAQ on the Nasdaq exchange. The company has also been a component of the S&P 500 Index since 2008.

9. The Nasdaq has two major indexes

Nasdaq has two major indexes that track the performance of Nasdaq stocks daily. There’s the Nasdaq Composite and the Nasdaq 100. The tech-heavy Nasdaq Composite tracks most securities on the Nasdaq exchange (except for mutual funds, preferred stocks, and derivatives).  

10. More than half of Nasdaq Composite stocks are tech companies

Tech stocks account for 52% of the total market weight of Nasdaq Composite, with 457 tech companies currently making up the index. Consumer Discretionary is next with about 18% and 450 stocks while healthcare is the third largest with 9% and 1,078 companies.

11. About 6 out of 10 companies in Nasdaq 100 are tech stocks

Nearly 60%, or approximately six out of every 10 of the companies that make up the Nasdaq 100 are in the technology sector.  

12. Apple is the top stock by market capitalization in the Nasdaq Composite

The top 3 components on the Nasdaq Composite are Apple, Microsoft and Amazon with 13.2%, 10.87% and 5.36% respectively. Nvidia, Tesla, Alphabet and Meta Platforms are in the top 10. Apple has a market capitalization of $2.76 trillion. 

Nasdaq IPOs and ETFs

13. A total of 156 IPOs went live on Nasdaq in 2022

There were a total of 156 IPOs on the NASDAQ stock market in 2022. According to market details the exchange’s website, there were also 29 exchange transfers.

14. IPOs on Nasdaq raised $2.1 billion in Q1, 2023

IPOs statistics show the Nasdaq attracted $2.1 billion in new listings in the first quarter of 2023, making the stock exchange the fourth largest in Q1.

15. The Nasdaq also lists more than 2,300 ETFs

There are a total of 2,300 etf listings on the Nasdaq stock market. These etfs track a wide variety of asset classes, including stocks, bonds, and commodities.

Nasdaq stocks: performance, key milestones and facts

16. The Nasdaq Composite stocks are 24% up year-to-date

As of May 2023, the Nasdaq Composite has returned over 24%, with gains in the past month nearly at 7%.

17. The Nasdaq Composite’s YTD return is higher than that of the S&P 500 and Dow Jones Industrial Average

This Nasdaq statistic will surprise investors, but the 24% year-to-date returns for the Nasdaq Composite index are higher than the 9.97% for the S&P 500 and -0.13% for the Dow Jones Industrial Average.

18. Nasdaq-100 ‘s YTD and 1-Year returns are 13% and 32% respectively

Over the past year, the Nasdaq-100 Index has returned roughly 13% after most stocks dipped in 2022 amid economic and geopolitical headwinds headlined by rising inflation and the Russia-Ukraine war. However, the index is 32% up so far (as of May 29, 2023).

19. NVIDIA, Meta and Tesla are the best performing Nasdaq stocks in 2023 so far

Nvidia (NASDAQ:NVDA) is the best performing mega cap on Nasdaq with 172% YTD return so far. It was followed by Meta (NASDAQ:META) and Tesla (NASDAQ:TSLA), up 110% and 78%, respectively. Nvidia’s stock exploded in May as the company highlighted major revenue gains in coming quarters due to demand for AI-powered chips.

20. Nasdaq-100 Index stocks have added just 101% in five years

Over a 5-year time frame, the Nasdaq-100 Index has yielded a positive return of 101%. The period with the sharpest climb for the index in the last five years was between March 2020 and November 2021.

21. Nasdaq-100 Index’s 10-year return is about 358%

The NASDAQ-100 Index has returned +358.37% over a 10-year period and an impressive +3,088% since May 1995.

22. Nasdaq Composite stocks have returned about 71% in the past five years

Nasdaq statistics over the past five years show that the Nasdaq Composite Index has gained 71% in that period and 285% over the past 10 years. Since 1983 (40 years), the index has gained by over 4,000%. This suggests that investing over extended time frames can come with considerable returns on investments.

23. Nasdaq’s largest point increase: 760.97 points

On October 11, 2022, the Nasdaq Composite witnessed an unprecedented positivity to record a historic surge. The index closed a staggering 760.97 points higher, marking its largest ever single-day points increase.

24. The Nasdaq Composite declined 13.3% in April 2022, its worst monthly performance since October 2008

After notching its all-time high in November 2021, the Nasdaq Composite declined sharply by 23%. This included a 13.3% dip in April 2022 that was the index’s worst monthly return since October 2008. At the time, it had fallen 17.4% as the global financial crisis raged.

25. The largest single-day points decrease for Nasdaq Composite was 970.28 points

The Nasdaq Composite experienced its most substantial single-day points drop on March 16, 2020. Amid the global panic due to the covid-19 pandemic, the index plummeted by 970.28 points.

26. Nasdaq’s highest daily trading volume was over 12 billion trades

January 27, 2021, stands as a historic day for Nasdaq in terms of trading volume. On this day, the total trading volume reached a record-breaking 12,030,107,207 trades.

Conclusion

The Nasdaq stock market is currently one of the most important stock exchanges in the world. It is home to a wide variety of companies, lists thousands of companies and its indexes have outperformed the S&P 500 and Dow Jones Industrial Average in recent years. 

The strong performance of the Nasdaq stock market is due to a number of factors, including the growth of the technology and healthcare sectors. This sees the Nasdaq Composite Index up over 24% year-to-date.

In terms of investment, the Nasdaq is a popular choice for investors who are looking for exposure to growth stocks and international exposure as it lists over 1000 companies from more than 100 countries.

The post Nasdaq statistics in 2023 appeared first on Invezz.

Nasdaq 100 has rallied over 30% this year as artificial intelligence continues to attract investors into the big cap tech stocks.

Professor Siegel’s view on AI stocks

More importantly, the AI-driven rally is not over just yet, as per Jeremy Siegel – Professor of Finance at the Wharton School of the University of Pennsylvania. On CNBC’s “Street Sigs Asia”, he said:

It’s not a bubble yet. First, there was excitement about artificial intelligence and Nvidia Corporation ratified that excitement with blowout earnings. That’s a double push.

The semiconductor behemoth recently cited the AI boom and issued revenue guidance for its current quarter that topped Street estimates by a whopping $4.0 billion (read more).

At writing, Nvidia stock is up nearly 75% versus the start of the year.  

Are AI stocks overvalued?

Professor Siegel agreed that valuations for the AI stocks at the moment may be inflated a little bit but he did not dub it a concern at least in the near term.

For the short term, we know momentum can carry stocks far higher than their fundamental value and no one can predict how high they might go.

Another positive he noted was that the credit conditions were not really a threat for the big cap tech stocks. They may also be uplifted by inflation that continues to ease month after month.

Siegel’s view is in stark contrast with economist David Rosenberg who last week said the AI mania could crumble as the internet bubble did in early 2000s.  

The post Professor Jeremy Siegel on AI stocks: ‘it’s not a bubble yet’ appeared first on Invezz.

U.S. stocks will be in focus this week after Republicans agreed in principle with the White House to raise the debt ceiling.

What does it mean for the U.S. stocks?

The said development is a major step forward in preventing a default. Still, the Head of Investments at Generali Insurance Asset Management – Antonio Cavarero does not expect the S&P 500 to unlock a significant upside in response.

The scenario of an agreement was by far the centre scenario. Therefore, I would not be expecting a major relief rally. Most part of these good news were already in the prices.

Details of the debt ceiling deal are yet to be officially revealed. According to CBS, though, the U.S. government will likely keep its non-defense spending flat over the next two years.

At writing, the benchmark index is up 10% versus the start of the year.

Debt ceiling deal needs approval from Congress

On the flip side, the recent economic data has been positive for the U.S. stocks. Last week, the Fed’s preferred inflation gauge was reported to have eased further in April (find out more).

But the debt ceiling deal is still awaiting approval from a divided Congress that will remain the centre of attention for markets, Cavarero noted today on CNBC’s “Street Signs Europe”.

It’s possible that the market in the next few days will focus on execution risk – the fact that this agreement needs to be sealed down with proper laws and needs to find the votes.

The U.S. GDP was recently reported to have grown at an annualised pace of 1.3% in the first quarter.  

The post Debt ceiling deal: will the U.S. stocks rally this week? appeared first on Invezz.