US Stocks To Edge Lower After Thanksgiving As Investors Await Data: Analyst Expects A Santa Rally Thanks To 'Goldilocks Foundation' For Big Tech And Tesla Going Into 2025

Written by Emily J. Thompson, Senior Investment Analyst

VMAR+6.51%

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UMAC+6.01%

Source: Benzinga

Updated: Dec 02 2024

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Source: Benzinga

Market Overview: U.S. stock futures fell while the Dollar Index rose, with expectations for a rate cut in December decreasing; major indices like the Dow and S&P 500 had strong performances in November, reaching record highs.
Economic Data and Predictions: This week is packed with economic data releases and central banker remarks, with analysts predicting a year-end rally in tech stocks driven by AI initiatives and easing regulatory pressures under the incoming administration.

VMAR

$5.4+Infinity%1D

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About VMAR

Vision Marine Technologies Inc. is a Canada-based company which is engaged in the business of manufacture, sale, and rental of electric boats, as well as the design and commercialization of electric propulsion systems. The Company operates two segments: Vision Marine Segment and Nautical Ventures (NVG) Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.