The stock market ended mixed on Tuesday after Federal Reserve Chair Jerome Powell’s cautious testimony on interest rates. He mentioned that the central bank does not need to rush adjusting interest rates.
Overall, S&P 500 slightly grew to 6,069, while NASDAQ fell 0.4% to 19,644.
Tweet of the Day
One of our best performing stocks is Hims & Hers $HIMS https://t.co/5nvddqVP2v
— David Sharek (@GrowthStockGuy) February 10, 2025
Chart of the Day
Here is the one-year chart of Accenture (ACN) as of January 13, 2025, when the stock was at $349.
Accenture’s momentum has cooled after the company delivered just 1% bookings growth last quarter, a big slowdown from 21% growth just three months earlier. The stock has simmered down as well, as its fallen from $361 to $349 since last quarter.
Still, management is high on its AI initiatives, as Generative AI contributed 6% of total bookings. Accenture also spent $242 million on acquisitions and provided 14 million training hours to employees last quarter, an average of 19 hours per person. On the bright side, profit growth and revenue growth accelerated last quarter.
ACN is part of our Conservative Growth Portfolio.
