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U.S. stocks rallied at the end of the week following the latest Personal Consumption Expenditures (PCE) Index reading, which matched expectations. The focus remains on employment data, with the September Jobs report scheduled for release on October 3. This rally sets a positive tone as analysts expect higher stock performance in the fourth quarter of the year.
Market analysts emphasize the importance of corporate earnings, anticipating strong performance as the third-quarter earnings season approaches. In addition, significant price targets have been noted for Broadcom Inc. (NASDAQ: AVGO), which recently saw a 43% increase in its stock price, hinting at further potential growth.
Rocket Lab USA Inc. (NASDAQ: RKLB) faced a stock decline after announcing a $750 million ATM equity offering, but technical analysis suggests a potential recovery. In contrast, CrowdStrike Holdings Inc. (NASDAQ: CRWD) lifted its outlook for future annual recurring revenue (ARR) growth through 2031, indicating strength in its financial trajectory.
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