Good MorningEquity markets advanced on Wednesday to set a new high following the FOMC announcement. The FOMC did not indicate when a rate hike would come but confirmed it was on pace to cut rates by three 25-basis point increments this year. The takeaway is that markets got what they wanted, a sign the pivot to lower interest rates was near. As it is, the first may not come until July or later, suggesting a succession of cuts will come in the back half of the year.
The S&P 500 advanced nearly 0.8% to set a new all-time high. The move extends the rally from a short consolidation that bears the hallmarks of a continuation signal. Assuming the market follows through on this signal, it could advance by as much as 8% over the next three months. The next hurdle for the market will come next week with the PCE price index. If it confirms the acceleration of inflation shown by the CPI data, equity markets may begin to doubt the Fed's resolve.
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Hopping on the next market trend is easier said than done. However, there is one simple and logical way to find the next winning sector in the market. By tracking exchange-traded fund (ETF) activity, you can spot the shifting money tides before the opportunity has passed you by.
Because the... Read the Full Story |
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Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) shot up nearly 6% in after-hours and pre-market trading after the company announced that its Board of Directors had approved a 50-for-1 stock split. The split must still receive shareholder approval.
The company will formally ask shareholde... Read the Full Story |
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Nio Inc. (NYSE: NIO) stock price has trended steadily lower since the EV bubble burst, and it is on track to set new lows. The latest earnings release reveals the continued dominance of the Chinese EV market at the cost of investor value. The company is improving its margins but has yet to produce... Read the Full Story |
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Stocks | | | Stocks were mostly lower Friday in Asia after Wall Street tapped fresh records, led by big gains in chipmakers. Japan’s Nikkei 225 topped 41,000 for the first time early Friday but then fell back, trading 0.1% lower at 40,763.88. Chinese property and tech companies weighed on markets in Shanghai and... Read the Full Story |
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Spire Global (NYSE: SPIR) emerged as an AI winner during Nvidia Corporation's (NASDAQ: NVDA) GTC developer conference. The conference was a name-dropping event as much as anything, with Nvidia CEO Jenson Huang mentioning numerous critical players in AI. The news for Spire Global is a collaboration... Read the Full Story |
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From Our PartnersThe Fed just created the single greatest income opportunity I've seen in nearly 20 years. I've put more than $1M of my own money into it. And plan to add another million! I even suggested my wife put her savings into it. | | | | Here's why... |
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Markets | | | Reddit's stock soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.Reddit, which priced its IPO at $34 a share, debuted Thursday afternoon at $47 a share. At the close of trading, it was up 48%... Read the Full Story |
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Strength in Ollie’s Bargain Outlet (NASDAQ: OLLI) results, including market-leading growth and broader margins, suggests this stock is a buy on post-release weakness. Nothing in the report was bad, but strength was expected, so a sell-the-news event caused a marginal reduction in the price. ... Read the Full Story |
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Markets | | | The Swiss National Bank said Thursday that it is trimming its key interest rate, a surprise move that makes Switzerland the first major financial center to announce a cut in recent months.Thomas Jordan, the outgoing SNB chairman, credited the central bank's push to rein in inflation in the wealthy A... Read the Full Story |
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Markets | | | The Bank of England kept its main interest rate unchanged at a 16-year high on Thursday and avoided signaling, unlike other central banks, when it might start to cut even though inflation has dropped sharply from multidecade peaks.The decision to leave the key rate at 5.25% was widely anticipated in... Read the Full Story |
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Markets | | | New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023.The country's economy shrank by 0.1% in the quarter to December, and 0.7% in per capita terms, the New Zealand's official statistics agency, St... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Wheels Up Experience Inc. provides private aviation services in the United States and internationally. The company offers membership programs consisting of Connect that offers members variable dynamic pricing on a per trip basis and flexibility on their schedule; Core for private flyers; and UP for Business for small and medium enterprise, and large corporate customers for whom it is primary provider of private flights, as well as supplementary solution to their own aircraft operations. It also provides charter flight solutions for passenger groups, sports teams, corporate event, and tour operations, as well as global passenger, cargo, emergency, and government services; wholesale and group charter services; maintenance, repair, and operations services; fixed-base operator services; safety and security services; and government, defense, emergency, and medical transport missions. It serves individuals, small and medium enterprises, and corporate customers. As of December 31, 2023, the company operated a fleet of 185 owned and leased aircraft. Wheels Up Experience Inc. was founded in 2013 and is headquartered in Chamblee, Georgia. | | View Today's Stock Pick |
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