Good MorningEquity markets rebounded on Monday to snap a 6-day losing streak. The rebound may extend into mid-week but is likely short-lived due to the expected economic data. The PCE price index is due on Friday and is unlikely to allow the FOMC to cut rates soon. The risk is that inflation will persist at current levels or accelerate, leading the FOMC to keep the base interest rate at its present levels through year's end. The S&P 500 advanced more than 1.0% at the session's high.
With May fast approaching, the question becomes whether this is a good year to sell in May and go away. Because the reality of inflation, interest rate cuts, and earnings growth does not align with the expectations at the start of the year, it is likely a good year to sit out the summer and wait until fall to reposition or add new money. The market may not sell off further, but there is little reason to think new highs will be sustained if reached or that volatility will subside. Featured: Crypto Pioneer: Do NOT Listen to these so-called experts (InvestorPlace) 
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The U.S. stock market indexes, such as the S&P 500 and the NASDAQ, reached all-time high levels this year due to growing hype around the technology sector. At the center of this hype, investors chose to chase stocks in the semiconductor space, with a minor in artificial intelligence, though no... Read the Full Story |
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After the U.S. stock market pushed to all-time highs, a new level attributed to the hype born off the technology sector, few other stocks became as interesting as semiconductor players and artificial intelligence names. Far from being a Nvidia Co. (NASDAQ: NVDA), a consumer staples – known f... Read the Full Story |
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Stocks | | | Asian benchmarks extended gains Tuesday after U.S. stocks clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year, while the yen weakened further to fresh 34-year lows.U.S. futures were mixed and oil prices rose.Japan’s benchmark Nikkei 225 edg... Read the Full Story |
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Stocks | | | Asian shares rose on Wednesday, led by an 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow from what’s been a rough April.U.S. futures rose while oil prices edged lower.Japan’s benchmark Nikkei 225 jumped 2.1% in morning trading to 38,337.2... Read the Full Story |
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Results from Taiwan Semiconductor (NYSE: TSM) set the semiconductor market up to fall, and all it took was a slim bit of news from Super Micro Computer (NASDAQ: SMCI) to spark the sell-off. Taiwan Semiconductor set it up by reducing its outlook for semiconductor growth this year, a fact that plays... Read the Full Story |
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On April 12, 2024, the United States Department of the Treasury and the United Kingdom issued two new prohibitions on Russian-origin metals. The new measures prohibit the United States from importing Russian-origin aluminum, copper and nickel. It also restricts the Chicago Mercantile Exchange (Com... Read the Full Story |
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Markets | | | California lawmakers on Monday rejected a proposal aimed at cracking down on how some of the nation's largest utilities spend customers' money.California's investor-owned utilities can't use money from customers to pay for things like advertising their brand or lobbying for legislation. Instead, the... Read the Full Story |
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Markets | | | PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages.The Purchase, New York-based company said revenue rose 2% to $18.3 billion for the January-April period. That was higher than the $18 billion Wall Street forecast, according... Read the Full Story |
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IMAX Co. (NYSE: IMAX) owns and operates a technology platform that specializes in enhancing cinematic experiences. Contrary to popular belief, IMAX doesn't operate cinemas or movie theaters. However, they do profit from the movie production and theater business. This is in contrast to the largest ... Read the Full Story |
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Markets | | | Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. Tempus AI Inc. is based in CHICAGO. | | View Today's Stock Pick |
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