Good MorningEquity markets advanced to close near the highest level on record Tuesday and may continue to a new record high today. The minutes from the latest FOMC meeting are due this afternoon and should confirm the market's expectation that the next policy move will be to cut rates. The only question is the timing of the first cut, which may be later than the market hopes. The economic data is mixed and suggests underlying strength despite pockets of weakness. In this scenario, the FOMC could cut rates but runs the risk of accelerating inflation.
The bottom line for equities is earnings, and the outlook for earnings growth is solid. Even with higher rates, the S&P 5&P 500 is expected to grow earnings this year. The risk is that growth is predicated on the idea that the FOMC will cut interest rates, which may not happen. This leaves the market in a precarious position, hoping for an event that may not happen, waiting for the FOMC to give it the green light. However, so long as the FOMC dangles the rate-cut carrot in front of the market it should keep advancing. Featured: Elon Musk Secret Crypto Plot Exposed (Crypto 101 Media) 
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Are there any safe stocks out there? Investors need to align their portfolios with fundamental factors more than ever as rotating industries pose a new set of risks (and rewards). While some may focus solely on technology stocks, namely those dealing with artificial intelligence trends, there's a ... Read the Full Story |
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Markets | | | Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87. A representative at the Marianne Boesky Gallery, owned by Ivan Boesky's daughter, confirmed his death. ... Read the Full Story |
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Markets | | | Asian markets were mixed in cautious trading on Wednesday, with most of the regions’ benchmarks climbing after U.S. stocks hit new record highs. U.S. futures rose while oil prices slipped. Tokyo’s Nikkei 225 fell 0.6% to 38,719.35 after Japan reported that its trade deficit rose last month as rising... Read the Full Story |
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Doximity Inc. (NASDAQ: DOCS) is a social networking platform exclusively designed for U.S. healthcare professionals. It's a cross between Meta Platforms Inc. (NASDAQ: META) owned Facebook and Microsoft Co. (NASDAQ: MSFT) owned LinkedIn. The community has grown to over 580,000 medical providers as ... Read the Full Story |
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Investors have been pouring into sports betting stocks like DraftKings Inc. (NASDAQ: DKNG) and Fan Duel's parent, Flutter Entertainment plc (NYSE: FLUT). Streaming giants like Amazon Inc. (NASDAQ: AMZN) and Netflix Inc. (NASDAQ: NFLX) are jockeying to keep and sign lucrative broadcasting deals wit... Read the Full Story |
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AutoZone (NYSE: AZO) share prices are declining because the Q3 results weren’t strong enough. The company says the timing of tax payments and cold weather impacted the results, which are one-off, non-recurring factors that have little to do with the outlook.
The outlook for AutoZone is the ... Read the Full Story |
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Markets | | | It was a time of fear and chaos four years ago.The death count was mounting as COVID-19 spread. Financial markets were panicked. Oil prices briefly went negative. The Federal Reserve slashed its benchmark interest rates to combat the sudden recession. And the U.S. government went on a historic borro... Read the Full Story |
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Markets | | | Asian shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. Japan's benchmark Nikkei 225 fell 0.2% to 38,980.60. Australia's S&P/ASX 200 lost 0.2% to 7,848.00. South Korea's Kospi fell 0.8% to 2,720.90. Hong Kong's Hang Seng dove 2.1... Read the Full Story |
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Markets | | | Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending.Yet the quarterly results Tuesday beat Wall Street expectations. And Macy's, which also operates upscale Bloomingdale's and beauty chain Bluemercury, said it i... Read the Full Story |
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Imagine an investment that not only offers growth but also yields a stable, 7%+ dividend. Enterprise Products Partners LP (NYSE: EPD) is the only stock with an "A" rating from Standard & Poor's that offers such a lucrative yield. Let's dive in.EPD provides essential pipeline services for trans... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Jack Henry & Associates, Inc. is a financial technology company, which engages in the provision of technology solutions and payment processing services. It operates through the following segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions which consist of integrated applications required to process deposit, loan, and general ledger transactions, and maintain centralized customer and member information. The Payments segment includes secure payment processing tools and services including ATM, debit, and credit card processing services, online and mobile bill pay solutions, ACH origination and remote deposit capture processing, and risk management products and services. The Complementary segment focuses on additional software, hosted processing platforms, and services including call center support, network security management, consulting, and monitoring. The Corporate and Other segment offers hardware and other products. The company was founded by Jerry D. Hall and John W. Henry in 1976 and is headquartered in Monett, MO. | | View Today's Stock Pick |
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