The stock market slipped on Thursday as tech shares failed to keep its momentum from early this week.
Overall, S&P 500 fell 0.5% to 6,051, while NASDAQ declined 0.7% to 19,903.
Tweet of the Day
I added to our Tesla $TSLA position Wednesday. Too many potential catalysts in 2025 including Cybercabs set to launch in Q2. https://t.co/br9gWQzmaa
— David Sharek (@GrowthStockGuy) November 30, 2024
Chart of the Day
Here is the one-year chart of Fiserv (FI) as of November 5, 2024, when the stock was at $203.
Clover and Zelle remained catalysts for Fiserv. Point-of-sale system Clover had 28% revenue growth last quarter, driven by new restaurant products such as self-ordering kiosks and smaller handheld checkout devices for wait staff that fit right in your back pocket. On the other hand, money transfer app Zelle had 35% transaction growth during the quarter, driven by strong demand from clients for digital payments.
FI is part of our Conservative Growth Portfolio, Growth Portfolio, and Aggressive Growth Portfolio. It is a safe stock with a high-teens growth rate and a low P/E.
