Good MorningEquity markets advanced ahead of the FOMC meeting and look ready to continue setting new highs this year. All the market needs is the all-clear signal, which may come from the Fed. The FOMC is set to issue the latest policy stance this afternoon, and all it needs to do is indicate that it will cut interest rates later this year. The risk for the market is that no cut will be indicated, and higher-for-longer becomes the new policy standard. The latest reads on inflation show accelerating inflation, which is not a scenario in which to expect an interest rate cut.
AI may cap gains for the S&P 500 until the next earnings cycle, regardless of what the FOMC does. The latest news from NVIDIA failed to spark a new high, suggesting this tired market is ready for a break. Market leaders, including Meta Platforms and Google's parent Alphabet, are also struggling, suggesting that the sell-off could be broad and deep if and when it comes. Divergence in the stochastic indicator confirms the weakness; with the S&P more than 7% above the first target for solid support, the sell-off could also be swift. Featured: Rise Above Luck in Trading (Theo Trade) 
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You may be among the millions of Americans celebrating the National Association of Realtors (NAR) decision to repeal the old real estate transaction business model. The 6% commission structure, which attracted many to the profession of selling and marketing real estate, is now gone.
While this de... Read the Full Story |
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You can't deny the two most significant trends today in technology stocks like Nvidia Corp. (NASDAQ: NVDA) and electric vehicle stocks like Tesla Inc. (NASDAQ: TSLA). However, the trend hasn't reached all stocks in the space equally.
Only a few investors, includ... Read the Full Story |
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Wall Street analysts tend not to take unnecessary risks when rating and valuing stocks. If they become overly bearish or bullish, and their predictions turn out wrong, that’s a bonus they won’t be getting, and they even risk losing their jobs.
Now that analysts from different investme... Read the Full Story |
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From Our PartnersMarc Lichtenfeld - income expert and author of Get Rich with Dividends - is giving away his Ultimate Dividend Package... Completely free of charge! Inside, you'll get the names and ticker symbols of his TOP FIVE dividend stocks right now, including... | | | | Click here before the download link expires. |
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Investing in business growth, acquisitions, improving margins, cash flow, dividends and share repurchases are among the leading drivers of shareholder value today. Oddly, too few companies rely on balanced, long-term strategies that can drive significant increases in value, choosing instead to foc... Read the Full Story |
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Geron Inc. (NASDAQ: GERN) is a clinical-stage biotech in the medical sector focused on developing cell therapies to treat certain types of blood cancers and myeloid hematologic malignancies. Their lead drug is imetelstat, which blocks a protein called telomerase to treat specific blood cancers lik... Read the Full Story |
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Markets | | | Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other violations, as it conducts a deep clean of the troubled financial sector. The company said in a release to mainland Chines... Read the Full Story |
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Markets | | | Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.For now, the officials kept their benchmark rate unchanged for a fifth strai... Read the Full Story |
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Markets | | | A Dubai sovereign wealth fund that's the single-largest shareholder in the Nasdaq stock index plans to sell a third of its shares in the exchange, a deal potentially worth some $1.6 billion that saw the value of the firm fall in aftermarket trading Wednesday. The announcement from Borse Dubai, owned... Read the Full Story |
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Markets | | | The European Union is pressing ahead with a plan to use the profits generated from billions of euros of Russian assets frozen in Europe to help provide weapons and other funds for Ukraine, a senior official said Tuesday.EU foreign policy chief Josep Borrell got a green light for the plan from most o... Read the Full Story |
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Markets | | | The average Wall Street bonus fell slightly last year to $176,500, as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday.The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in 20... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through four segments: Ball Bonding Equipment, Wedge Bonding Equipment, Advanced Solutions, and Aftermarket Products and Services (APS). The company offers ball bonding equipment, wafer level bonding equipment, wedge bonding equipment; and advanced display, die-attach, and thermocompression systems and solutions, as well as tools, spares and services for equipment. It also services, maintains, repairs, and upgrades equipment. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, foundry service providers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. The company was founded in 1951 and is headquartered in Fort Washington, Pennsylvania. | | View Today's Stock Pick |
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