Good MorningThe S&P 500 started the week quietly, hugging break-even in Monday's session, trading in a narrow range. The move is a sign of caution before the next PCE report, due later this week. The PCE is expected to show inflation hovering at recent levels, aligning with the idea that the FOMC will not cut rates this year. In this scenario, the FOMC will likely keep rates at their current level until there is more proof that inflation is tamed. That may not be until late this year or early next.
The S&P 500 is in rally mode and may move higher despite persistently hot inflation. The market may not care about the timing of the first interest rate cut so long as the Fed's next move is to cut. In this scenario, inflation could run hot indefinitely, and the S&P 500 will move higher because of economic expansion and earnings growth. The risk is that economic growth will stagnate before inflation is tamed, leading to stagflation and an economic winter. Featured: Breaking News: Elon Musk Invents New Type of A.I. (Shocking) (InvestorPlace) 
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Stocks | | | Asian shares were mostly lower Wednesday after a mixed session on Wall Street following a three-day holiday weekend. Shares fell in Tokyo, Seoul, Sydney and Hong Kong, but rose in Shanghai. Mainland Chinese markets were lifted by moves by city governments in China to support the property market. Oil... Read the Full Story |
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Previously an outperformer with a year-to-date gain of over 11%, the financial sector now finds itself at a critical juncture after giving back some of its gains. Just six trading days ago, the Financial Select Sector SPDR ETF (NYSE: XLF) made a new high but has since pulled back over 2%. From a t... Read the Full Story |
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Part of Isaac Newton’s second law of motion says a body in motion remains in motion unless acted on by an outside force, and this covenant of physics has plenty of parallels with momentum investing. Momentum investing isn’t about finding stocks about to pop or drop but riding an establ... Read the Full Story |
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Ross Stores (NASDAQ: ROST) isn’t a cheap stock trading 24 times its earnings, but it is a value for investors. Competitor TJX Companies (NYSE: TJX) trades at a similar valuation, about four handles greater than the average S&P 500 (NYSEARCA: SPY) stocks, for a reason. These companies are... Read the Full Story |
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Health insurance companies in the medical sector have not fared well in 2024. Medicare Advantage (MA) plans were a bountiful source of income until the second half of 2023. Humana Inc. (NYSE: HUM) shocked the market with its drastic 2025 EPS guidance cut from $36.00 to a range of $6.00 to $10.00, ... Read the Full Story |
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Shares of GameStop (NYSE: GME) are set up to rocket higher again, but the move won’t last because of why it is moving. GameStop announced a share sale that has increased its capital but diluted its value. The sale maxed out the shelf-offering filed only a week before, raising $933 million bu... Read the Full Story |
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Markets | | | The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF's report, issued late Tuesday, said the world's second-largest economy will likely expand at a 5% annual rate this ye... Read the Full Story |
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Markets | | | Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation Read the Full Story |
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Markets | | | Australian mining giant BHP Group has pledged to invest in South Africa's economy as it seeks support for a 38.6 billion pound ($49.3 billion) bid to acquire Anglo American, which was founded in the country more than a century ago and remains one of its biggest employers Read the Full Story |
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Markets | | | The owner of Britain’s Royal Mail said Wednesday it has accepted a 3.6 billion pound ($4.6 billion) takeover offer from Czech investor Daniel Křetínský.Under the deal, Křetínský’s EP Group would buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share.Including... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020. Atlantica Sustainable Infrastructure plc was incorporated in 2013 and is based in Brentford, the United Kingdom. | | View Today's Stock Pick |
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