Good MorningEquity markets advanced last week, with the S&P 500 gaining over 3.0% at the session's high. The market is in melt-up mode despite a hawkish FOMC that indicates 2 more interest rate hikes are on the way. AI and a positive re-valuation of the outlook for AI-related tech drive the melt-up. NVIDIA is leading the charge, but names like Oracle and Adobe are in the mix. The takeaway is that the cloud is booming with AI, and any company involved in the hardware, infrastructure, or services end of the business is booming along with it.
This week will be a test for the market. There are few earnings reports and economic releases to drive the action, so the market may have a hard time moving much higher in the near term. The next significant catalyst is the PCE Price Index which will be released in 2 weeks. Another hot report will seal the deal on a 25 basis point hike and may convince the market that Mr. Powell and the FOMC were serious in saying 2 more hikes were coming. Featured: New tech. Massive growth. Huge opportunity. (Private Placements) 
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When it comes to semiconductor stocks in recent weeks, Nvidia Corp (NASDAQ: NVDA) may have been grabbing most of the headlines, but they're not the only chipmaker whose stock has been soaring. Shares of Broadcom Inc (NASDAQ: AVGO), with a market cap about a third the size of Nvidia'... Read the Full Story |
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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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Twilio (NYSE: TWLO) has become a forgotten name since coming off about 84% from its pandemic highs, set in February 2021. The communication technology company was a favorite amongst growth players. Still, since its sharp decline over the past two years, it has fallen off the radar of many. However... Read the Full Story |
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From Our PartnersAs you know, the stock market has been volatile lately, and there's a lot of uncertainty in the air. But we want to assure you that this is not the time to panic. In fact, it's the time to be buying stocks.
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Markets | | Shoppers were treated to deep discounts, new products and payment plans as online merchants sought to revive their sluggish appetite for spending during China’s first major online shopping festival after the end of zero-COVID policies Read the Full Story |
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Markets | | From the ashes of World War II, three institutions were created as linchpins of a new global order. Now, in an unusual move, the top official in one — the secretary-general of the United Nations — is pressing for major changes in the other two.Antonio Guterres says the International Monetary Fund ha... Read the Full Story |
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From Our PartnersFact: trading with artificial intelligence is not a behemoth task.
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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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Adobe (NASDAQ: ADBE) did not stand out as an AI winner. The company’s creative-centric business model relies heavily on business and consumer spending, which are both questionable now. But then you must also consider that Adobe is a data-centric business model. All those creative juices flow... Read the Full Story |
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There is much tension in the chip and semiconductor manufacturing industry today, as fierce competition boils due to the new sentiment towards artificial intelligence; geopolitical tensions and trends push firms to choose regions where they will invest and operate.
Following the blowout rally fro... Read the Full Story |
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Stocks | | Today we’re looking at 2 small-cap names with large-cap potential. In the first case, MamaMancini’s Holdings (NASDAQ: MMMB), we also have a potential takeover target. In the second case, an automotive and industrial stock is perfect for the times. Motorcar Parts of America (NASDAQ: MPAA)... Read the Full Story |
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Monday's Early Bird Stock Of The Day VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment. The Active segment focuses on activity-based lifestyle brands including active apparel, footwear, backpacks, luggage, and accessories. The Work segment offers work and work-inspired lifestyle brands with product offerings including apparel, footwear, and accessories. The Other segment refers to the sale of non-VF products and sourcing activities related to transition services. The company was founded by John Barbey in October 1899 and is headquartered in Denver, CO. | View Today's Stock Pick |
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