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  TipRanks

  ‘Load Up,’ Says Raymond James About These 2 ‘Strong Buy’ Stocks

  There have been abundant returns for investors this year as the markets have staged a remarkable comeback following 2022’s rout. But with both the S&P 500, and particularly the NASDAQ, delivering excellent returns, the big hitters have been responsible for much of the market gains. Raymond James CIO Larry Adam summed it up, saying, “Narrow leadership has been a key theme in the positive performance year-to-date, with mega-cap tech the main driver of the market’s performance… In our 3Q Outlook, w

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  American City Business Journals

  RTX to remove 1,200 jet engines from service after discovering manufacturing defect

  Shares of RTX Corp. (NYSE: RTX) plummeted Tuesday after the company formerly known as Raytheon Technologies said a defect in a powdered metal used for jet engines will require its Pratt & Whitney division to remove some engines from service sooner than expected in order to conduct inspections. Because of the defect, Pratt & Whitney will need to accelerate the pace of inspections of its PW1100G-JM engine fleet that powers Airbus A320neo jets for customers such as Delta Air Lines Inc. and Spirit Airlines Inc. The defect, which can reduce the lifespan of its engine turbine discs, affects engines produced between late 2015 into the third quarter of 2021, Chief Financial Officer Neil Mitchell said on an earnings call with analysts Tuesday morning.

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  SmartAsset

  $2 Million Will Last You This Long if You Retire at 55

  It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.

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  TipRanks

  These 2 ‘Strong Buy’ Penny Stocks Could Go Boom, Say Analysts

  Since the beginning of January, we’ve seen a steady rise in the stock markets. The NASDAQ is up 35% so far this year, and the S&P 500 has gained 19%. There has clearly been a shift in investor sentiment, away from last year’s bear market. The shift makes sense. The annualized rate of inflation peaked at 9.1% last June, fell to 6.5% by December, and has since fallen further. The June 2023 data showed annualized inflation at just 3%. Additionally, Goldman Sachs currently assesses the probability o

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