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Provident Bank's First-Time Home Buyer Survey Reveals That While Homeownership Continues to Be Challenging, Many Americans Are Finding Their Home in Less Than a Year

ISELIN, N.J., Oct. 15, 2024 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, has released the results of its First-Time Home Buyer Survey, taking stock of the generational differences in how Americans are navigating a complicated housing market. This year’s survey revealed that, not surprisingly, searching for a first home is extremely challenging. The top two factors impacting budgets are high mortgage rates and the lack of homes within an original budget. However, across generations, Americans appear to be buying their first home after only looking less than a year, signaling growing optimism in the market.

Potential homeowners are prolonging the buying process and waiting to make a final purchase:

Searching for a new home is challenging for first-time home buyers across generations. There are frequent bidding wars, which can lead to many making sacrifices for their dream home.

  • Over 40% of Gen Xers have been involved in a significant number (5+) of bidding wars during the home-buying process. Comparatively, only 30% of Millennial respondents have had the same experience.
  • Over 50% of Gen X respondents have had to significantly adjust their search criteria to stay within budget. Nearly 50% of both Millennials and Gen X respondents noted that they’ve settled for an older home that needs renovations to complete the buying process, compared to only 39% of Gen Z respondents.

Amidst all of these challenges, Americans still look toward traditional financial avenues to complete the home-buying process:

Overall, potential homeowners are still looking to traditional financial institutions to help them through the home-buying process. However, there are clear differences between how generations think about their financing options and the experts available to them.

  • Over half of respondents noted that their savings account is their main source of capital for their down payment. The second highest source of capital stems from access to first-time home buyer program grant(s).
  • 15% of Gen X respondents will look to a fintech company for financing for buying a first home compared to only 6% of Gen Z respondents. Nearly 56% of Gen X respondents will be speaking to a traditional bank as a source for the financing process in buying their first home.
  • Just under 50% of all Millennial respondents noted they would look to a traditional bank for financing to buy their first home.

“The findings from this year’s survey support what we’ve been hearing directly from customers – in order to navigate a highly competitive home buying market, understanding all of the financing resources and capital requirements at your disposal is the key to success,” said Margaret Volk, Senior Vice President, and Director of Mortgage and Consumer Lending, at Provident Bank. “Especially as we enter a new phase of the mortgage rate cycle, we believe it is our responsibility to ensure our customers are equipped with the resources and information needed to navigate the financing process to achieve such an important life goal like buying a home.”

The survey was conducted by Survey Monkey, a market research provider, on behalf of Provident Bank. The findings are based on 1,000 responses.

About Provident Bank

Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. PFS. With assets of $24.07 billion as of June 30, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

Media Contact:
Provident Bank
Keith Buscio – keith.buscio@provident.bank

Vested
providentbank@fullyvested.com


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ARS Pharmaceuticals, Inc. is on the Move, Here's Why the Trend Could be Sustainable

While “the trend is your friend” when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn’t easy.

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.

Our “Recent Price Strength” screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.

There are several stocks that passed through the screen:

ARS Pharmaceuticals, Inc.

SPRY is one of them. Here are the key reasons why this stock is a solid choice for “trend” investing.

A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. SPRY is quite a good fit in this regard, gaining 37.8% over this period.

However, it’s not enough to look at the price change for around three months, as it doesn’t reflect any trend reversal that might have happened in a shorter time frame. It’s important for a potential winner to maintain the price trend. A price increase of 9.2% over the past four weeks ensures that the trend is still in place for the stock of this company.

Moreover, SPRY is currently trading at 84.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises — the key factors that impact a stock’s near-term price movements.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.

Another factor that confirms the company’s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock’s near-term price performance.

So, the price trend in SPRY may not reverse anytime soon.

To read this article on Zacks.com click here.

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[Latest] Global Motor Space Heater Market Size/Share Worth USD 34.69 Billion by 2033 at a 11.34% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, Oct. 15, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled Motor Space Heater Market Size, Trends and Insights By Type (Convective Space Heaters, Radiative Heaters), By Material (Ceramic, Metal), By Application (Discrete Industry, Process industry), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 in its research database.

“According to the latest research study, the demand of global Motor Space Heater Market size & share was valued at approximately USD 1.63 Billion in 2023 and is expected to reach USD 1.70 Billion in 2024 and is expected to reach a value of around USD 34.69 Billion by 2033, at a compound annual growth rate (CAGR) of about 11.34% during the forecast period 2024 to 2033.”

Click Here to Access a Free Sample Report of the Global Motor Space Heater Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=52603

Motor Space Heater Market: Overview

The Motor Space Heater Market is encountering significant development, powered by the rising interest in energy-effective warming arrangements across different modern areas. Motor space heaters are quickly becoming popular with businesses worldwide as they emphasize minimizing their environmental impact and maximizing their energy efficiency.

These heaters, which are renowned for their effectiveness and dependability, are becoming essential components in a wide range of industries, including construction, the automotive industry, and manufacturing.

The motor space heater market is being driven forward mainly by the need to maintain precise temperatures and the growing automation of industrial processes. Innovative headways are empowering the improvement of further developed and effective radiators, opening up new roads for market development.

Also, elevated accentuation on further developing wellbeing principles in modern settings supports the interest in these Heaters.

Request a Customized Copy of the Motor Space Heater Market Report @ https://www.custommarketinsights.com/inquire-for-discount/?reportid=52603

By type, the surge in global construction schemes, alongside heightened demand for advanced and efficient heating systems, has significantly boosted the Convective Space Heaters segment in the Motor Space Heater Market. The increasing prevalence of smart homes and the integration of IoT and other advanced technologies into heating systems are also pivotal factors propelling market growth.

On the other hand, Due to their capacity to provide instantaneous heating, the radiative heaters market is expected to grow rapidly during the forecast period. Dissimilar to convective Heaters, radiative radiators straightforwardly heat the items and individuals in the room, going with them a favoured decision for spot heating and little spaces.

The continuous mechanical headways and item advancements in the field of radiative radiators are supposed to additionally push their interest. The improvement of infrared radiative Heaters, which are more energy-proficient and give quicker warming, is probably going to support the market development of this segment.

By Application, Due to the widespread use of motor space heaters in various process industries like oil and gas, chemical, food and beverage, and pharmaceuticals, the process industry segment commanded a significant revenue share of the market in 2023.

These ventures require exact temperature control for their tasks, and engine space warmers give a proficient answer for keeping up with ideal temperature conditions. The discrete business section is supposed to lead the market about income during the forecast time frame, attributable to the rising requirement for exact temperature control in their assembling processes.

Besides, rising mechanical progressions and item advancements in the field of engine space warmers, like the improvement of energy-effective and conservative radiators, are probably going to support the market development of the fragment during the forecast period.

Due to the rapid industrialization and urbanization of nations like India and China, which has resulted in an increased demand for motor space heaters, Asia-Pacific held a significant share of the market in 2023. The development of different end-use ventures, for example, car, assembling, and development in China has additionally contributed essentially to the interest in engine space radiators.

Additionally, the government’s efforts to promote appliances that save energy have contributed to the region’s increasing market. Due to the rising demand for energy-efficient heating solutions in the residential and commercial sectors, the market in North America is expected to increase significantly during the forecast period.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 1.70 Billion
Projected Market Size in 2033 USD 34.69 Billion
Market Size in 2023 USD 1.63 Billion
CAGR Growth Rate 11.34% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Material, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Motor Space Heater report is available upon request; please contact us for more information.)

Request a Customized Copy of the Motor Space Heater Market Report @ https://www.custommarketinsights.com/report/motor-space-heater-market/

Our Free Sample Report Consists of the following:

  • Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
  • The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
  • About 220+ Pages Research Report (Including Recent Research)
  • Provide detailed chapter-by-chapter guidance on the Request.
  • Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
  • Includes Tables and figures have been updated.
  • The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
  • Custom Market Insights (CMI) research methodology

(Please note that the sample of the Motor Space Heater report has been modified to include the COVID-19 impact study prior to delivery.)


Request a Customized Copy of the Motor Space Heater Market Report @ https://www.custommarketinsights.com/report/motor-space-heater-market/

CMI has comprehensively analyzed the Global Motor Space Heater market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Motor Space Heater industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Key questions answered in this report:

  • What is the size of the Motor Space Heater market and what is its expected growth rate?
  • What are the primary driving factors that push the Motor Space Heater market forward?
  • What are the Motor Space Heater Industry’s top companies?
  • What are the different categories that the Motor Space Heater Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Motor Space Heater market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2024−2033
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Buy this Premium Motor Space Heater Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/motor-space-heater-market/

Motor Space Heater Market: Regional Analysis

By region, the global motor space heater market is segmented into North America, Asia Pacific, Europe, the Middle East, Africa and Latin America. Among all of these, Asia Pacific held the highest market share in 2023 and is expected to keep its dominance during the forecast period.

Due to the rapid industrialization and urbanization of countries like India and China, which has resulted in an increased demand for motor space heaters, Asia-Pacific held a significant share of the market in 2023.

The development of different end-use ventures, for example, car, assembling, and development in China has additionally contributed essentially to the interest in engine space radiators. Additionally, the government’s efforts to promote appliances that save energy have contributed to the region’s expanding market growth.

Europe held the second largest market share in 2023 and is expected to keep its position during the forecast period. Countries such as Germany, France, Russia, the U.K., Spain and the Netherlands are driving the market growth during the forecast period.

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(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)

Still, Looking for More Information? Do OR Want Data for Inclusion in magazines, case studies, research papers, or Media? 

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Browse the full Motor Space Heater Market Size, Trends and Insights By Type (Convective Space Heaters, Radiative Heaters), By Material (Ceramic, Metal), By Application (Discrete Industry, Process industry), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Report at https://www.custommarketinsights.com/report/motor-space-heater-market/

List of the prominent players in the Motor Space Heater Market:

  • ABB
  • Jenkins
  • OMEGA Engineering
  • Siemens
  • SINOMAS
  • BARTEC
  • Electro-Flex
  • Ghanacon Products
  • Gulf Electroquip
  • Hilkar
  • L&S Electric
  • Nidec Motors
  • SIMEL
  • Emerson Electric Co.
  • Honeywell International Inc.
  • TE Connectivity Ltd.
  • Watlow Electric Manufacturing Company
  • Pentair Thermal Management
  • Delta-Therm Corporation
  • Indeeco (A Unit of GE)
  • Others

Click Here to Access a Free Sample Report of the Global Motor Space Heater Market @ https://www.custommarketinsights.com/report/motor-space-heater-market/

Spectacular Deals

  • Comprehensive coverage
  • Maximum number of market tables and figures
  • The subscription-based option is offered.
  • Best price guarantee
  • Free 35% or 60 hours of customization.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantees are available.
  • Personalized market brief by author.

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The Motor Space Heater Market is segmented as follows:

By Type

  • Convective Space Heaters
  • Radiative Heaters

By Material

By Application

  • Discrete Industry
  • Process industry

Click Here to Get a Free Sample Report of the Global Motor Space Heater Market @ https://www.custommarketinsights.com/report/motor-space-heater-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Motor Space Heater Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Motor Space Heater Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Motor Space Heater Market? What Was the Capacity, Production Value, Cost and PROFIT of the Motor Space Heater Market?
  • What Is the Current Market Status of the Motor Space Heater Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Motor Space Heater Market by Considering Applications and Types?
  • What Are Projections of the Global Motor Space Heater Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Motor Space Heater Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Motor Space Heater Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Motor Space Heater Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Motor Space Heater Industry?

Click Here to Access a Free Sample Report of the Global Motor Space Heater Market @ https://www.custommarketinsights.com/report/motor-space-heater-market/

Reasons to Purchase Motor Space Heater Market Report

  • Motor Space Heater Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Motor Space Heater Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Motor Space Heater Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Motor Space Heater Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Motor Space Heater market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Motor Space Heater Research Report | Fast Delivery Available – [220+ Pages] @ https://www.custommarketinsights.com/report/motor-space-heater-market/

What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Motor Space Heater market analysis.
  • The competitive environment of current and potential participants in the Motor Space Heater market is covered in the report, as well as those companies’ strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Motor Space Heater market should find this report useful. The research will be useful to all market participants in the Motor Space Heater industry.
  • Managers in the Motor Space Heater sector are interested in publishing up-to-date and projected data about the worldwide Motor Space Heater market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Motor Space Heater products’ market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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About Custom Market Insights:

Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.

CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.

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Chinese Stocks Dip in Choppy Trade as Investors Debate Next Move

(Bloomberg) — Chinese stocks tumbled as doubts resurfaced on whether Beijing’s stimulus blitz will be enough to prop up an economy mired in deflation and a property crisis.

Most Read from Bloomberg

The CSI 300 Index fell 2.7%, extending losses since an Oct. 8 high to more than 9%. A gauge of Chinese shares listed in Hong Kong slumped 4%, capping its worst day in a week. The yuan also weakened.

Volatility has gripped the market in recent sessions as investors debate the sustainability of the rebound that began late last month, with the lack of clarity over the size of Beijing’s planned fiscal boost weighing on sentiment. Weak recent economic data, including figures on inflation and trade, have underscored the need for more stimulus.

There are concerns that “any stimulus might be more focused on risk mitigation, especially about local government debt, rather than growth,” said Xin-Yao Ng, investment manager of Asian equities at abrdn Asia Ltd. “Investors definitely prefer a bazooka to reflate the economy quickly.”

Tuesday’s price action suggests that investors were unimpressed by a Caixin report that said China may raise 6 trillion yuan ($846 billion) from ultra-long special government bonds over three years. Bloomberg later reported that local authorities will be issuing the notes mainly to refinance their off-balance-sheet debt.

Following the central bank’s easing steps in late September, investors have been clamoring for the government to bolster fiscal spending. Officials promised new measures to support the property sector and hinted at greater government borrowing at a weekend briefing, without giving an amount.

There’s concern “that the stimulus announced so far just isn’t enough,” said Nathan Thooft, chief investment officer and senior portfolio manager at Manulife Investment Management. “We put on a tactical overweight to Chinese equities. We are not necessarily believers that this is a structural shift.”

The yuan slid as much as 0.6% to 7.1343 per dollar in the offshore market, the weakest level in about a month. The so-called China proxies in Asia — currencies that are affected by investor confidence on the country — also dropped.

The Hang Seng China Enterprises Index, which comprises Chinese shares listed in Hong Kong, is now down more than 12% since Oct. 7.

Growing Divide

As the rally falters, a divide is growing among global investors.

Morgan Stanley Wealth Management warned that investors should steer clear of soaring Chinese equities as the stimulus measures won’t be enough to repair the struggling economy. Wells Fargo Investment Institute is also skeptical that the rebound will last given the depressed sentiment surrounding China’s consumers.

UBS Group AG still sees value, saying heightened retail investor interest should give stocks further upward momentum.

China’s export growth slowed more than expected in September, curbing a trade rebound that has been a bright spot for a weakening economy. Loan expansion also disappointed in a sign of still weak domestic demand.

“China’s signal on policy stimulus prompted us to go modestly overweight, especially given depressed valuations,” strategists at BlackRock Investment Institute including Wei Li wrote in a note. “Details have been scant, so we could change our view if future announcements disappoint.”

–With assistance from Sujata Rao and Tian Chen.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

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Tesla's Optimus Robots Were Remotely Assisted By Humans At 'We, Robot' Event

Tesla, Inc. TSLA showed off its humanoid robot, Optimus, at the company’s “We, Robot” unveiling event last Thursday. According to a Bloomberg report, humans were remotely assisting the Optimus robot prototypes with some functions. 

The Details: Tesla CEO Elon Musk showcased the latest version of his Optimus robots during the Cybercab (robotaxi) reveal, which also happened at the event, and predicted the humanoid robots would become “the biggest product ever of any kind.” Musk did not reveal the robots were assisted or controlled remotely by humans. 

According to the Bloomberg report, Tesla employees remotely oversaw interactions between the Optimus robots and attendees of the event, said the sources who asked not to be identified. The sources reported the Optimus humanoid robot prototypes were able to walk unassisted using AI. Tesla did not immediately respond to Bloomberg’s request for comment. 

Read Next: What’s Going On With SoFi Technologies Stock?

Several videos posted on social media show event attendees interacting with the robots who served drinks, sang “Happy Birthday” and even danced with guests. A video posted on X shows an Optimus robot serving in a bartending role and confirming he was being remotely assisted by a human. 

“Today, I’m assisted by a human. I’m not yet fully autonomous,” the Optimus robot said in the video. 

Another video shows a guest asking Optimus how much of the robot is controlled by AI. 

“I can’t disclose just how much, that’s something you’ll have to find out later,” the robot said. “I would say, it might be some. I’m not going to confirm, but it might be some.”

Some Tesla influencers and investors said they felt betrayed or misled by Tesla’s nondisclosure of Optimus’ human assistance. But several analysts felt Optimus’ interactions with guests at the event were impressive and are a potential catalyst for the company. 

Wedbush’s Dan Ives highlighted “the massive improvements in Optimus” and said Cybercab and Optimus “could be a major financial contributor to Tesla” following last week’s event. 

TSLA Price Action: According to Benzinga Pro, Tesla shares ended Monday’s session 0.62% higher at $219.16. 

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Wall Street On Edge As Nasdaq Nears Record High, Oil Prices Plummet: Strategist Says There's Opportunity If Resilience Continues

Wall Street mood has become circumspect as traders gear up to receive a slew of earnings reports this week amid the market’s record run. The Nasdaq Composite has been a laggard among the major averages and it remains to be seen if the early sentiment reverses and tech stocks could finish the session with a flourish.

A spate of earnings due ahead of the market may set the tone for the day’s trading. Traders may also focus on any potential preannouncements, the results of a regional manufacturing survey and a couple of speeches by Federal Reserve officials. Energy stocks could lose their verve amid the sharp retreat in energy prices amid waning demand and supply concerns. Bond yields continue to hold firm.

Futures Performance (+/-)
Nasdaq 100 -0.12%
S&P 500 -0.05%
Dow -0.06%
R2K -0.07%

In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust SPY edged down 0.06% to $583.99 and the Invesco QQQ ETF QQQ moved down 0.15% to $496.77, according to Benzinga Pro data.

Cues From Last Session:

Optimism concerning tech earnings season abounded on Wall Street on Monday as the S&P 500 and Nasdaq Composite Indices opened solidly higher and moved roughly sideways before closing higher. The 30-stock Dow opened lower as Boeing Co. BA served as a drag, but the blue-chip average recouped its losses and moved higher in late-morning trading and stayed in the green for the remainder of the session.

As a result, the Dow and S&P 500 set fresh closing and intraday highs, with the former topping 43,000 for the first time ever. The Nasdaq Composite is just under seven points from its all-time high of 18,509.34.

All but one of the S&P 500 sector indices closed higher for the day, with energy stocks notching a marginal loss. IT and utility stocks were the biggest gainers of the session, led by Nvidia Corp. NVDA. The artificial intelligence stalwart ended the session at a record high.

Index Performance (+/) Value
Nasdaq Composite +0.87% 18,502.69
S&P 500 Index +0.77% 5,859.85
Dow Industrials +0.47% 43,065.22
Russell 2000 +0.64% 2,248.64

Insights From Analysts:

Cyclical stocks are poised for relative outperformance, thanks to the recent data that reinforces the resilience of the economy, according to Morgan Stanley analysts. But positioning in cyclicals remains light, said the firm’s Chief U.S. Equity Strategist Mike Wilson.

“This creates opportunity in a sector that we upgraded to overweight last week given rebounding capital markets activity,
a better loan growth environment in 2025, an acceleration in buybacks post Basel Endgame re-proposal, and attractive relative valuation,” he said.

The focus now shifts to the general election, Wilson said. The three high-level dynamics which are still important, according to the strategist, are:

  • business cycle remains more important than the election outcome.
  • on average, volatility picks up in September of election years and stays elevated through October before decelerating in November.
  • history is supportive of a quality bias in election years.

WisdomTree Senior Economist and Wharton Professor Emeritus Jeremy Siegel also expressed a preference for quality names. “Looking ahead, I see opportunity if the current resilience continues,” the economist said.

“Stocks are not cheap by historical standards, but with the fear gauge elevated and investors still largely hedging their bets, we could see a sharp move higher if sentiment turns more positive,” he added.

Siegel said quality remains the key for investors. Small caps are catching up a bit but the fundamentals of large-cap tech companies continue to drive performance, he said. “With inflation moderating and the Fed’s easing cycle beginning, sectors like financials and industrials could benefit from a more favorable economic backdrop,” he added.

Early reports from banks have been solid and could set the tone for broader market gains, the economist said.

See also: Best Futures Trading Software

Upcoming Economic Data

  • The New York Federal Reserve is scheduled to release the results of its regional manufacturing survey at 8:30 a.m. EDT. Economists, on average, expect the index to decline sharply from 11.5 in September to 3 in October.
  • San Francisco Fed President Mary Daly will speak at 11:30 a.m. EDT.
  • The Treasury will auction three- and six-month bills at 11:30 a.m. EDT.
  • Fed Governor Adriana Kugler is scheduled to make a public appearance at 1 p.m. EDT.

Stocks In Focus:

  • Wolfspeed, Inc. WOLF climbed nearly 10% in premarket trading after the company announced up to $750 million in proposed direct funding under the CHIPS and Science Act and an additional $$750 million of new financing from a consortium led by Apollo Global.
  • Trump Media & Technology Group Corp. DJT climbed over 10% as the stock reacted to Republican presidential nominee Donald Trump’s improving fortunes.
  • Chipmakers Nvidia, Micron Technology, Inc. MU and Advanced Micro Devices, Inc. AMD and AI server maker Super Micro Computer, Inc. SMCI were all trading lower, following their recent gains.
  • Energy stocks tumbled in reaction to the 4%+ pullback in oil prices.
  • Bank of America Corporation BAC, Charles Schwab Corporation SCHW, Citigroup Inc. C, Goldman Sachs Group, Inc. GS, PNC Financial Services Group, Inc. PNC, Johnson & Johnson JNJ, UnitedHealth Group Incorporated UNH and Walgreens Boots Alliance, Inc. WBA are among the companies reporting their quarterly results ahead of the market opens.
  • Those reporting after the close include J.B. Hunt Transport Services, Inc. JBHT and United Airlines Holdings, Inc. UAL.

Commodities, Bonds And Global Equity Markets:

Crude oil plunged over 4.50% in the early New York session after reports said Israel won’t launch an attack on Iran’s crude oil infrastructure, and gold futures were modestly higher. Bitcoin BTC/USD firmed up over the past 24 hours and traded above the $65.5K level. The benchmark 10-year old Treasury note yield weakened slightly to 4.065%.

In Asia, Hong Kong and Chinese markets retreated sharply as a string of recent weak data weighed down on sentiment, even as traders looked ahead to further stimulatory measures from the government and the central bank. Most other major markets advanced, taking cues from the positive performance of Wall Street stocks overnight.

European stocks traded mostly lower in early hours amid falling oil prices.

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My 4 Best Stocks to Buy Right Now

Although the market is still hitting record highs, many stocks are still good buys. The key isn’t to look at where the market is now; it’s to look at where some stocks may be heading if they can keep up their growth trajectory.

If these four can maintain their general direction, they’ll continue rising faster than the market, which makes them excellent buys now.

1. Taiwan Semiconductor Manufacturing

Regardless of where you look in the tech sector, you’ll find that highly sophisticated chips are within every device. It doesn’t matter if a GPU is being used for training artificial intelligence (AI) models or the latest smartphone, they all have cutting-edge chips. There’s a good shot that these chips are manufactured by Taiwan Semiconductor Manufacturing (NYSE: TSM), known commonly as TSMC, as it works with nearly all of the biggest tech players to produce their chips.

This positions TSMC nicely in today’s tech-heavy environment. In fact, management believes it will grow revenue at a compound annual growth rate (CAGR) between 15% and 20% over the next “several years.” That’s market-beating growth, making it a company that every investor should consider owning.

Taiwan Semi is the most expensive stock by far in this group, trading at 28 times forward earnings.

TSM PE Ratio (Forward) Chart

TSM PE Ratio (Forward) Chart

However, with its long-term execution, market-beating growth, and industry-leading position, it has earned that premium. I think Taiwan Semi is a great buy here and will be a successful investment over the next few years.

2. Alphabet

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) is likely better known as Google’s parent company. Its dominance in the search market has resulted in a massive revenue stream, although it is a mature business and isn’t growing nearly as fast as some of its peers.

However, Alphabet is also heavily invested in the generative AI tech race and has plenty of financial resources to make one of the best offerings in this space. Still, even with all of this upside from two industries that are slated to boom over the next decade, Alphabet’s stock only trades for 21.2 times forward earnings. The most common index that Alphabet is compared to is the S&P 500, which trades for 23.5 times forward earnings.

That’s a healthy discount to the market, even though Alphabet has consistently grown its earnings above 30% year over year for the past year. Alphabet stock has a strong value in a market full of expensive stocks, making it a great place to put cash.

3. Meta Platforms

Meta Platforms (NASDAQ: META) is similar to Alphabet, as most of its revenue comes from its social media platforms, like Facebook, Instagram, and Threads. This produces unbelievable cash flows, as its “Family of Apps” segment delivered an operating margin of 50% in Q2.

It uses a lot of that money on AI research and developing mixed-reality products, like its new Orion glasses, which are still in the works. While many investors wish it wasn’t burning cash on this pursuit, Meta is still a great business, even with its Reality Labs division being a drag on margins. Plus, if Meta develops a must-have technology in this space, it will have a new revenue stream.

Meta trades for 27.6 times earnings, but it has experienced incredible growth (revenue rose 22% year over year, and earnings per share rose 73% in Q2), allowing it to earn that premium price tag.

4. PayPal

PayPal (NASDAQ: PYPL) has been in a turnaround scenario for a few years now. However, CEO Alex Chriss, who was brought on board in August 2023, has been doing a phenomenal job. Although revenue isn’t growing at breakneck speed anymore (it was up 8% in Q2), Chriss has directed a lot of PayPal’s cash flows to repurchase shares and launch new products.

It took a while for investors to catch on, but the stock seems to be making a pivot, as it has risen around 40% since July. The stock still only trades for 18.5 times forward earnings, so it’s still a good buy at these prices.

However, if management continues innovating and repurchasing shares, forward earnings projections may increase, making the stock look even cheaper. This is just the beginning of PayPal’s turnaround, and it’s a great stock to get in on now.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

  • Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,266!*

  • Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,047!*

  • Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $389,794!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 7, 2024

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Keithen Drury has positions in Alphabet, Meta Platforms, PayPal, and Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, PayPal, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: short December 2024 $70 calls on PayPal. The Motley Fool has a disclosure policy.

My 4 Best Stocks to Buy Right Now was originally published by The Motley Fool

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Narcolepsy Market to Reach US$ 4.68 Billion by 2031, Rising at a CAGR of 9.3%, Report by CoherentMI

Burlingame, Oct. 15, 2024 (GLOBE NEWSWIRE) — CoherentMI published a report, titled, Narcolepsy Market is estimated to value at US$ 2.53 Billion in the year 2024, and is anticipated to reach US$ 4.68 Billion by 2031, with growing at a CAGR of 9.3% during forecast period 2024-2031. There has been a significant increase in the awareness regarding narcolepsy as a medical condition over the past decade. Various non-profit organizations and advocacy groups are actively working towards educating people about the signs, symptoms and available treatment options for narcolepsy. They conduct various awareness campaigns and educational programs to reach out to mass population as well as healthcare professionals. This has promoted early diagnosis and treatment seeking behavior for narcolepsy among people experiencing related symptoms. The high awareness levels have also boosted the acceptance and adoption of prescription drugs and restorative treatments for managing the condition.

Market Dynamics:

The growth of the global narcolepsy market is attributed to the increasing global prevalence of narcolepsy and rising demand for better treatment options. According to a report published by the National Institute of Neurological Disorders and Stroke, narcolepsy affects approximately 1 in 2,000 people. Furthermore, increased investment in research and development to develop advanced therapeutics is also expected to support market growth over the forecast period.

Request a Sample Copy of our Comprehensive Report: https://www.coherentmi.com/industry-reports/narcolepsy-market/request-sample

Report Coverage & Scope:

Report Coverage Details
Market Revenue in 2024: US$ 2.53 Billion
Estimated Value by 2031: US$ 4.68 Billion
Growth Rate: Poised to grow at a CAGR of 9.3%
Historical Data: 2019–2023
Forecast Period: 2024–2031
Forecast Units: Value (USD Million/Billion)
Report Coverage: Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered: By Diagnosis Type, By Treatment Type, By Scale of Operation, By Age Group, By Distribution Channel, By Geography
Geographies Covered: Global
Major Players: Jazz Pharmaceuticals plc, Takeda Pharmaceutical Company, Teva Pharmaceuticals USA, Inc., Vanda Pharmaceuticals, Kyowa Kirin, Inc. and Among Others.
Growth Drivers: • Increasing prevalence of narcolepsy worldwide due to rising stress levels and lifestyle changes
  • Advancements in Research and Development
Restraints & Challenges: • High costs associated with narcolepsy treatment, limiting access for many patients

Key Market Takeaways:

  • The global narcolepsy market size is anticipated to witness a CAGR of 9.3% during the forecast period 2024-2031, owing to the growing diagnosis and treatment-seeking rates for this previously under-recognized sleep disorder.
  • On the basis of diagnosis type, polysomnography segment is expected to hold a dominant position, accounting for around 30% of the market owing to its role as a gold standard test.
  • On the treatment type basis, stimulants segment holds nearly half of the market share currently due to their long term use, however, Sodium oxybate segment is expected to witness higher growth during the forecast period due to its effectiveness.
  • Based on scale of operations, large scale manufacturing segment holds majority of share and is expected to continue dominating over the forecast period owing to their ability to produce drugs in large volumes.
  • By age group, pediatric segment dominating currently and is anticipated to retain leading position during forecast period attributed to rising diagnosis rates in children.
  • Hospital pharmacies distribution channel holds over two-fifth market share currently and is expected to maintain lead owing to reliable procurement of drugs.
  • Regionally, North America is dominating currently and anticipated to maintain leading position during forecast period due to growing awareness and supportive regulatory environment.
  • Key players operating in the narcolepsy market include Arena Pharmaceuticals, CogState Ltd., Bioprojet, Graymark Healthcare and Axsome Therapeutics along with others. Collaborations between players are expected to help foster innovations to address unmet needs.

Market Trends:

Cataplexy, one of the defining symptoms of narcolepsy type 1, is a sudden and transient episode of muscle weakness triggered by emotions such as laughing, crying, or anger. There is a high demand for effective drugs that can treat cataplexy attacks. Key market players are focusing on developing new drugs for the treatment of cataplexy.

Various non-profit organizations conduct various awareness programs online through social media platforms in order to spread awareness about symptoms, diagnosis and treatment of narcolepsy. They focus on educating people about timely diagnosis and management of narcolepsy. Such initiatives are aiding the early identification of narcolepsy cases globally.

Recent Development:

  • On February 2024, Takeda announced plans to launch global Phase III trials of its oral ORX2 agonist TAK-861 for narcolepsy type 1 in the first half of fiscal year 2024, while discontinuing its development for narcolepsy type 2. The decision follows positive Phase IIb trial results, where TAK-861 showed significant improvements in wakefulness and other key metrics compared to placebo in patients with narcolepsy type 1.
  • In May 2022, Axsome Therapeutics has completed its U.S. acquisition of Sunosi (solriamfetol) from Jazz Pharmaceuticals. Sunosi is a dual-acting dopamine and norepinephrine reuptake inhibitor (DNRI) used to improve wakefulness in adults with excessive daytime sleepiness caused by narcolepsy or obstructive sleep apnea. The ex-U.S. transaction is expected to close within 60 days.

For more information about this report visit: https://www.coherentmi.com/industry-reports/narcolepsy-market

Narcolepsy Market Segmentation:

  • By Diagnosis Type
    • Polysomnography
    • Multiple Sleep Latency Test (MSLT)
    • Hypocretin/Orexin Level Test
  • By Treatment Type
    • Stimulants
    • Wakefulness-Promoting Agents
    • Antidepressants
    • Sodium Oxybate
    • Others
  • By Scale of Operation
    • Large-scale Manufacturing
    • Small-scale/Specialty Manufacturing
  • By Age Group
    • Pediatric (0-17 years)
    • Adult (18-64 years)
    • Geriatric (65 years and above)
  • Distribution Channel:
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies

Market Opportunities:

The diagnosis of narcolepsy is growing significantly which is creating a major market opportunity. Narcolepsy often goes undiagnosed for around 15 years on average due to lack of awareness and complex symptoms. However, diagnosis rates have improved significantly in recent years due to increased awareness among doctors and patients. Between 2000 and 2005, diagnosis rates increased by 50% according to the Mayo Clinic. This is expected to further accelerate given ongoing education and diagnostic improvements.

There have been important advances in treatment options for narcolepsy which is driving the market. Traditionally, stimulants were the main treatment method but newer drug classes like sodium oxybate and novel mechanisms are becoming available. Sodium oxybate received FDA approval in 2002 and has become a standard treatment, though expensive. Other newer options like Pitolisant and solriamfetol are offering alternatives. Investments in the development of alternative treatments like gene therapy also promise hope for improved outcomes over the long run.

Purchase Latest Edition of this Research Report @ https://www.coherentmi.com/industry-reports/narcolepsy-market/buynow

Narcolepsy Market Report – Table of Contents

  1. Research Objectives And Assumptions
  2. Market Purview
  3. Market Dynamics, Regulations, And Trends Analysis
  4. Narcolepsy Market, By Diagnosis Type, 2024-2031, (USD Bn)
    • Polysomnography
    • Multiple Sleep Latency Test (MSLT)
    • Hypocretin/Orexin Level Test
  5. Narcolepsy Market, By Treatment Type, 2024-2031, (USD Bn)
    • Wakefulness-Promoting Agents
    • Antidepressants
    • Sodium Oxybate
    • Others
  6. Narcolepsy Market, By Scale of Operation, 2024-2031, (USD Bn)
    • Large-scale Manufacturing
    • Small-scale/Specialty Manufacturing
  7. Narcolepsy Market, By Age Group, 2024-2031, (USD Bn)
    • Pediatric (0-17 years)
    • Adult (18-64 years)
    • Geriatric (65 years and above)
  8. Narcolepsy Market, Distribution Channel, 2024-2031, (USD Bn)
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies
  9. Narcolepsy Market, By Region, 2019-2031, Value (USD Bn)
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East
    • Africa
  10. Competitive Landscape
  11. Analyst Recommendations
  12. References and Research Methodology

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Author of this marketing PR:

Money Singh is a seasoned PR writer with over four years of experience in the market research sector. Known for her strong SEO background, she skillfully blends SEO strategies with insightful content. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.

About Us:

At CoherentMI, we are a leading global market intelligence company dedicated to providing comprehensive insights, analysis, and strategic solutions to empower businesses and organizations worldwide. Moreover, CoherentMI is a subsidiary of Coherent Market Insights Pvt Ltd., which is a market intelligence and consulting organization that helps businesses in critical business decisions. With our cutting-edge technology and experienced team of industry experts, we deliver actionable intelligence that helps our clients make informed decisions and stay ahead in today’s rapidly changing business landscape.


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CoherentMI,
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