I will recommend him to buy more $Visa(V)$share. $Visa(V)$is one of the few mega-cap companies to post an unequivocally positive earnings report this season.As investors digest the impressive results, Visa shares should move higher: The company's fiscal second-quarter earnings leapt to $1.79 per share from $1.38 per share for the same period a year earlier. Importantly, this was miles ahead of analyst expectations at $1.65.Payment volumes also jumped, surging 17% year over year, with all-important cross-border transactions up a sizzling 38%. Those international payments are vital, since Visa gets to keep a much higher take rate on that class of purchases. While the tech sector is having a downbeat earnings seas

Midterm elections could have a profound impact on trading this week. Usually, markets are jumpy going into an election cycle, especially with how contentious the elections have been as of late. Still, this cycle holds particular significance because of its implications on energy and inflation. With the current administration doubling down on their restrictive energy policy, as the world is being throttled on power, any more announcements could cause the markets to move. It's possible we could see more aggressive rate moves coming post-election, and those will start to be indicated as soon as the votes are tallied. With the non-farm number coming in hot this week in the US markets, it's a sign that the actions to date aren't enough to curb the inflation beast. If the republicans gain some g

Midterm elections could have a profound impact on trading this week. Usually, markets are jumpy going into an election cycle, especially with how contentious the elections have been as of late. Still, this cycle holds particular significance because of its implications on energy and inflation.With the current administration doubling down on their restrictive energy policy, as the world is being throttled on power, any more announcements could cause the markets to move. It's possible we could see more aggressive rate moves coming post-election, and those will start to be indicated as soon as the votes are tallied. With the non-farm number coming in hot this week in the US markets, it's a sign that the actions to date aren't enough to curb the inflation beast.If the republicans gain some gro

I like $Apple(AAPL)$ because its shares have a long track record of rewarding investors. In fact, the stock has outperformed the S&P 500 by a wide margin over the last 10, five, three, and one year periods. A close look at the stock and, more importantly, the underlying business suggests there's likely more meaningful growth to come for Apple shareholders. Apple boasts a powerful "engine" of loyal users. The iPhone accounts for over half of the company's annual revenue and is obviously imperative to the business. But the real driver for Apple's business is the user behind the iPhone. The company's efforts to consistently deliver an integrated ecosystem of hardware, software, and services that delight cu

U.S. stocks posted outsized gains Thursday, logging their biggest one-day climb in two years, as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies. The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and 0.5% monthly gain. The S&P 500 (^GSPC) rallied 5.5% — its biggest intraday gain since April 2020 — while the Dow Jones Industrial Average (^DJI) jumped 1,200 points, or 3.7%, the most since May 2020. The technology-heavy Nasdaq Composite (^IXIC) advanced a whopping 7.4%, its sharpest climb since emerging from the pandemic crash in March 2020. Meanwhile, Treasury yields tumbl

I vote for $Apple(AAPL)$ because its shares have a long track record of rewarding investors. In fact, the stock has outperformed the S&P 500 by a wide margin over the last 10, five, three, and one year periods. A close look at the stock and, more importantly, the underlying business suggests there's likely more meaningful growth to come for Apple shareholders. Apple boasts a powerful "engine" of loyal users. The iPhone accounts for over half of the company's annual revenue and is obviously imperative to the business. But the real driver for Apple's business is the user behind the iPhone. The company's efforts to consistently deliver an integrated ecosystem of hardware, software, and services that deligh

U.S. stocks drifted higher on Friday to log gains across the board, capping the final full trading week of 2022. When the closing bell rang on Wall Street, the S&P 500 (^GSPC) rose 0.6%, the Dow Jones Industrial Average (^DJI) rose 0.5%, while the technology-heavy Nasdaq Composite (^IXIC) gained 0.2%. The U.S. stock and bond markets will be closed on Monday, Dec. 26, in observance of the Christmas holiday. With Friday's move, the S&P 500 and Dow managed to stave off losses for the week, while the Nasdaq fell around 1.5%. Still, markets are on pace to finish off the worst year for equity markets since 2008 as the trading year wraps up on Friday, December 30. Oil prices ascended Friday and paced toward a big weekly gain as investors expected a drop in supply of Russian crude. WTI cru

As the United States pushes ahead with its steepest interest rate hikes in a generation, investors are unusually poised to buy in Asia's emerging markets, betting authorities can tame inflation without triggering the capital-flight chaos of previous cycles.While no rally is underway, steadying currency, debt and equity markets suggest investors may have already stopped rushing for the exits.Beaten-down currencies such as South Korea's won and the Malaysian ringgit rallied on Thursday, and stock and bond markets in Seoul, Kuala Lumpur, Jakarta and Manila responded positively to the Federal Reserve's latest rate hike. The Fed, which met market expectations with a 75 basis point (bp) rise overnight, has now lifted rates by a total of 150 bps in two meetings - the fastest pace since the early

Stocks closed higher Wednesday after a choppy session as investors looked past Federal Reserve meeting minutes that showed the central bank will remain aggressive in its policy to tame high inflation. The Dow Jones Industrial Average rose 133 points, or 0.40%, to close at 33,269.77. The S&P 500 climbed 0.75% to 3,825.97 and the Nasdaq Composite gained 0.69% to close at 10,458.76. Bond yields were lower, even as the Fed reiterated that rates would move higher this year. All three indexes notched their first positive close of the year, breaking two consecutive days of losses, after rallying from negative territory in the afternoon. Stocks opened in positive territory Wednesday following Tuesday's rough start to the year, but briefly dipped in the morning following two key economic releas

Investors are gearing up for the flurry of bank earnings that typically mark the start to a new earnings reporting period, with results from JPMorgan (JPM), Citi (C), Wells Fargo (WFC), and Morgan Stanley (MS) all due out. Other companies set to report this week included PepsiCo (PEP) and Delta Air Lines (DAL). Analysts are bracing for a painful earnings season as persistent inflation, higher interest rates, and geopolitical headwinds weigh on companies’ bottom lines. Also on Wall Street’s plate is September consumer price data, one of the most pivotal reports ahead of the FOMC’s next policy-setting meeting in November. While the headline reading is expected to moderate again, all eyes will be on the “core” component of the report, which strips out the volatile food and energy categories.