Good MorningEquity markets hovered at a one-week high on Wednesday, signaling the stock rebound may already be over. Interest rates impacted the market; the yield on the 10-year treasury returned to a multi-month high and may move significantly higher over the next few weeks. The economic data does not support the need for the FOMC to cut interest rates, as seen in the ten-year yield. The market had priced in a June or July cut; now it looks like September or later before the FOMC makes the first move.
The bond market is pricing in a later rate cut, and the equity markets the impact of higher rates on earnings. The outlook for 2nd half earnings is pegged to an interest rate cut that looks less likely than ever. Because it may be several months before the data cooperates enough to allow an interest rate cut, the sell-off in equities could last as long. In this scenario, a move below critical support targets near 4,820 is possible. Featured: Biden to drop out; finish out his term? (Paradigm Press) 
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Markets | | | As markets prepare to shift into the new cycle created by potential interest rate cuts from the Federal Reserve (the Fed), a few specific sectors may have greater odds of outperforming the rest of the market. Investors may turn to energy stocks, especially now that Goldman Sachs analysts set their e... Read the Full Story |
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Some stocks are undeniable pillars in their respective industries, and sometimes even for an entire economy. Shares of Boeing Co. (NYSE: BA) saw little change after it reported its first quarter 2024 earnings results, arguably the most important earnings report of the year as it set the tone for t... Read the Full Story |
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Markets | | | Texas Instruments (NASDAQ: TXN) dividend is unique among chipmakers for its yield, if nothing else. The stock yields over 3.15%, which is double or better than the rest of the field, and it is a safe and growing distribution.
The dividend alone may not be a reason to buy the stock but the opp... Read the Full Story |
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General Electric (NYSE: GE) stock is up 3.47% in early trading after the company delivered its first-quarter earnings report. The company delivered revenue of $16.1 billion and earnings per share (EPS) of 82 cents per share, a 55% year-over-year (YOY) increase.
Those numbers need a little ... Read the Full Story |
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Markets | | | The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace.Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of... Read the Full Story |
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Tesla (NASDAQ: TSLA) shares are up more than 10% following the Q1 earnings release, and they may move higher, but investors should not expect a sustained rally; they should only expect volatility. The news driving the market is good but so futuristic that it will not impact operations positively f... Read the Full Story |
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Markets | | | Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him. Since the railroad already preannounced its disappointing results earlier this month when it disclosed ... Read the Full Story |
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Tech | | | UnitedHealth says files with personal information that could cover a “substantial portion of people in America” may have been taken in the cyberattack earlier this year on its Change Healthcare business.The company said Monday after markets closed that it sees no signs that doctor charts or full med... Read the Full Story |
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Markets | | | Well-heeled home shoppers are increasingly paying cash, helping turbo-charge price gains for the most expensive U.S. homes.The median sale price of luxury homes, or those valued in the top 5% of the market nationally, hit an all-time high $1.23 million in the first quarter, an increase of 8.7% from ... Read the Full Story |
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Markets | | | Ford Motor Co.'s first-quarter net income fell 24% from a year ago as the company's combustion engine vehicle unit saw revenue and sales decline.The Dearborn, Michigan, automaker said Wednesday it made $1.33 billion from January through March, compared with $1.76 billion a year earlier.Excluding one... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Helius Medical Technologies, Inc., a neurotechnology company, focuses on developing, licensing, and acquiring non-implantable technologies for the treatment of symptoms caused by neurological disease or trauma. The company's product is Portable Neuromodulation Stimulator, a non-surgical medical device intended for use as a short term treatment of gait deficit due to symptoms from multiple sclerosis and balance deficit due to mild-to-moderate traumatic brain injury, as well as to be used in conjunction with supervised therapeutic exercise. The company was incorporated in 2014 and is headquartered in Newtown, Pennsylvania. | | View Today's Stock Pick |
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