US business activity held firm in November, with the PMI Composite edging up from 54.6 to 54.8. The manufacturing index slipped from 52.5 to 51.9, while services climbed from 54.8 to 55.0. According to S&P Global’s Chris Williamson, the readings point to a “relatively buoyant” economy tracking around 2.5% annualized GDP growth so far in […]
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Micron Technology stock went parabolic last week, rising 15% in a single session on May 8. Over the last five trading sessions, the chip stock has risen almost 40% and returned 137% year-to-date. Valued at Read more…
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Charles Schwab’s research team published a detailed breakdown of how the P/E ratio works and, more critically, the specific scenarios where a low P/E can mislead even experienced investors into what the market calls a Read more…