Good MorningEquity markets advanced on Thursday, with the S&P 500 gaining roughly 1.5% at the session's high and setting a new 14-month high. The melt-up is driven by the idea that the FOMC is close to ending its rate hiking cycle but will end in disaster. The FOMC is nearing the end of the rate hiking cycle, but interest rates will top out above 5.5%, well above what the market had priced in, and promise to remain high for the foreseeable future. This has ushered in a "new normal" for the market that will not be fully realized for at least another year. What this means for the S&P 500 is a reduced demand that will cut into growth.
What this means for the S&P 500 is a trading range. The top of the range is near all-time highs and will probably be reached by the start of Q2 earnings reporting. Assuming the consensus figures for the 2nd half contract as they have done for the last 8 quarters, the odds are high that the S&P 500 will top out at an all-time high and move sideways within the now-established range. How long that range lasts is anybody's guess, but the charts suggest it could be 5 to 10 years. Featured: Don't Miss Out! Discover the Top Penny Stock of 2023 in Our Latest Report! (Darwin) 
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Stocks | | | In the fast-paced world of finance and investing, having a guiding light can make all the difference. That's where earnings guidance comes into play. But what is earnings guidance, exactly?
In this article, we'll shed light on earnings guidance, reveal its significance in the stock market and guide... Read the Full Story |
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From Our PartnersGraphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market. | | See who could benefit from skyrocketing graphite demand |
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The opening bell on Wall Street is prime stock market pageantry, with company executives or celebrities ringing the bell to commence trading on the New York Stock Exchange (NYSE) floor. Of course, this gesture is symbolic mainly because most brokerage firms now allow after-hours trading well befor... Read the Full Story |
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For years, Deckers Outdoor Corp. (NYSE: DECK) was associated with UGG Boots, a cozy, sheepskin-lined footwear originally Australian surfers. The boots have been popular with customers and social media influencers over the years, although they’ve been the recipient of plenty of snark from peo... Read the Full Story |
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From Our PartnersLithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain. | | | | See why "Made in America" graphite should be on every investor's radar |
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Stocks | | | Wall Street closed out its best week since March with a quiet finish on Friday, and stocks drifted to modest losses.The S&P 500 fell 16.25 points, or 0.4%, to 4,409.59 after wobbling through the day. It still closed out a fifth straight winning week for its longest such streak since November 202... Read the Full Story |
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Investors are facing one of the rarest cases in financial markets, where a deeply entrenched enterprise operating in one of the most 'defensive' sectors has left a pain trail following a 15.3% decline over the past couple of days. Humana (NYSE: HUM) investors were spooked after learning ... Read the Full Story |
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From Our PartnersBecause even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. | | | | More here. |
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Markets | | | Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local currency.The announcement Wednesday from the Central Bank of Nigeria led to a record fall in the value of the naira curren... Read the Full Story |
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Markets | | | The head of the International Monetary Fund on Friday praised the European Central Bank's decision to raise interest rates for the eighth time in a row and its pledge to keep going as long as needed to bring down high inflation.Managing Director Kristalina Georgieva said the IMF welcomed both the EC... Read the Full Story |
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Markets | | | When the Group of Seven nations, the European Union and Australia last year announced a plan to cap the price of Russian oil, U.S. officials said it would deliver a most effective blow to Russia’s economy, undermining its greatest revenue source Read the Full Story |
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Markets | | | The European Central Bank pressed ahead with another interest rate hike Thursday and made clear more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the U.S. Federal Reserve took a break from its own string of increases.The quarter-point rate boost, to 3... Read the Full Story |
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Kroger (NASDAQ: KR) shares fell following the Q1 report, but this is an opportunity for investors. The company is performing well in the current environment and maintained guidance but gave no indication on the progress of its merger with Albertson’s (NYSE: ACI). The merger faces vehement op... Read the Full Story |
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Friday's Early Bird Stock Of The Day Diversified Healthcare Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Office Portfolio, Senior Housing Operating Portfolio (SHOP), and Non-Segment. The Office Portfolio segment consists of medical office properties leased to medical providers and other medical related businesses, as well as life science properties leased to biotech laboratories and other similar tenants. The SHOP segment manages senior living communities that offers short term and long term residential care, and other services for residents where it pay fees to the operator to manage the communities for its account. The company was founded on December 16, 1998 and is headquartered in Newton, MA. | | View Today's Stock Pick |
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