Good MorningEquity markets advanced on Thursday, regaining some ground lost following the FOMC meeting. The market chose to focus on the fact that the FOMC is indicating another rate hike is off the table and that the next move, however long it takes, will be a rate cut. In this environment, the economic outlook is for improvement over the next twelve to eighteen months, which is a positive for equities. The S&P 500 may continue to move higher on Friday.
The risk today is the NFP report. The NFP is expected to show solid job gains and high wage inflation, leaving the FOMC no choice but to keep rates high. The risk is stagflation in this environment, as indicated by the Q1 GDP estimate. Stagflation is a period of low to no growth, rising prices, and tepid consumer spending; equity markets are unlikely to set new highs and hold them until growth accelerates. Featured: Your Exclusive Look at 2024’s Top 4 AI Stocks (The Financial Newsletter) 
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Are investors in the clear for the rest of 2024? The first quarter of the year, arguably the most important as it sets the tone for what could be in the works, shows investors some of the potentially growing cracks in the economy. It is the consumer staples sector that could become the next safe h... Read the Full Story |
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Markets | | | Cannabis stocks reignited Tuesday afternoon after the U.S. Department of Justice announced that it would move to reclassify marijuana as a less dangerous drug. As a result of the breaking news, several leading cannabis stocks, like Tilray (NASDAQ: TLRY), Aurora Cannabis (NASDAQ: ACB), and Canop... Read the Full Story |
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Stocks | | | Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing.The S&P 500 rose 1.3%, its best day since late February. The... Read the Full Story |
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After reporting its first quarter 2024 earnings results, arguably the most important as they set the tone for the rest of the year, shares of Zillow Group Inc. (NASDAQ: Z) are trading lower by as much as 12% in the after-market hours following the announcement. While markets have enough evidence t... Read the Full Story |
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Despite notching a fresh all-time high less than a month ago, it’s been a tough couple of weeks for shares of Meta Platforms (NASDAQ: META). The tech giant was already starting to see its shares soften in the second half of April as the broader market began selling o... Read the Full Story |
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When you believe a stock will rise, you can leverage a trade with stock options. Notably, taking call options is the obvious choice. After all, call options rise when the underlying stock price rises. However, if the stock doesn’t rise but instead falls, the call options can lose value fast ... Read the Full Story |
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Markets | | | The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market. Friday’s government report showed that last month’s hiring gain was down sharply from the blockbuster ... Read the Full Story |
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Markets | | | African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in Africa Read the Full Story |
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Markets | | | Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that pr... Read the Full Story |
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Markets | | | The Czech Republic’s central bank on Thursday cut its key interest rate for the fourth straight time as inflation dropped and the economy showed signs of recovery.The cut by a half-percentage point brought the interest rate down to 5.25%. The move was expected by analysts.The bank started to trim bo... Read the Full Story |
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Friday's Early Bird Stock Of The Day RXO, Inc. provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina. | | View Today's Stock Pick |
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