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pridella@argusresearch.com
www.argusresearch.com
Contact: Patricia Ridella
New York, NY 10006
212.425.7500, ext. 3047
Fax: 212.509.5408
pridella@argusresearch.com
www.argusresearch.com
Contact: Patricia Ridella
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About Argus Research Corporation
Argus Research is a leading independent investment research organization providing quality research since 1934. Argus analysts, economists, and portfolio strategists forecast and monitor economic trends, analyze industries, and issue recommendations (buy, hold or sell) on a universe of 500 stocks. Each Argus rating must have a clear, reasonable, and adequate basis. The process starts with the analyst's application of our rigorous six-point system which includes meetings with senior managers. This methodology combined with our independence enables us to develop ideas which are then communicated in a straight forward manner to our clients, making them compete effectively in the marketplace.
Argus Research Corporation's Articles
The Federal Reserve meets this week and Wall Street gets a bonus, with news on both interest rates and an update of the so-called “dot plot” rate-predicting tool. Odds are at 96% for a 25-basis point (bps) rate cut, according to the CME FedWatch tool. We agree, advises John Eade, president of Argus Research.
John Eade
FEDERAL RESERVE
Two giants are reporting earnings this week: Nvidia Corp. (NVDA), providing a benchmark for the growth of AI, and Walmart Inc. (WMT), shining light on the health of the consumer. The economic calendar is light, summarizes John Eade, president of Argus Research.
Since 1960, stocks have shown positive annual performances almost 75% of the time. The average annual gain is 11%, with a standard deviation of 17%. By these numbers, 2024 is a good-but-not-yet exceptional year. Meanwhile, we have raised our rating on Baker Hughes Co. (BKR) to “Buy,” advises John Eade, president of Argus Research.
The third-quarter earnings floodgates open this week, despite Monday being a partial holiday (with the bond markets closed). Wall Street will also be focused on retail sales data, looking for updates on consumer spending, writes John Eade, president of Argus Research.
Argus Research Corporation's Videos
With the bull market coming up on its 11th anniversary, can stocks remain the asset class of choice and will the economy remain cooperative? Join John Eade for a discussion of the Argus economic and market outlook and stocks that Argus analysts believe will be outperformers in the year ahead.
John Eade
STRATEGIES
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