Good MorningEquity markets started the week on solid footing, holding steady from the previous week's close at record highs. The resilience is noteworthy ahead of this week's CPI data and FOMC meeting, which may alter the outlook for inflation and interest rates. The CPI is expected to show inflation slowing on a month-to-month basis but for the year-over-gains to be steady compared to the prior reading. At these levels, near 3.5%, the market should not expect to see a rate cut until next year because of the pace. At the current pace, core inflation may not hit the target 2.0% level for several more quarters, leaving the FOMC no choice but to keep rates high.
The S&P 500 may continue to move higher regardless of what the Fed says in its statement. Short of an expectation for economic catastrophe, hot inflation means demand and business activity, both driving S&P earnings growth. The market can sustain higher index prices as long as earnings continue to grow. When that situation changes, look out below. Featured: I built a stock prediction system (WealthPress) 
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Shares of HP Inc. (NYSE: HPQ) have recently broken out of their previous $27 to $30 a share channel; of course, this price action had been relatively justified. The company's recent quarterly financial results show how the comeback in the personal computer (PC) space could mean good news for the c... Read the Full Story |
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SunPower Co. (NASDAQ: SPWR) offers solar products, including high-efficiency solar panels and complete solar systems, to businesses and homeowners. SunPower manufactures its own photovoltaic (PV) solar panels, Maxeon solar cells with interdigitated back contact (IBC) technology, which are even m... Read the Full Story |
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Rideshare operator Lyft Inc. (NASDAQ: LYFT) made bold 2027 growth projections for its Investor Day, which caused shares to gap up to $17.29 initially but failed to sustain the move. The number two rideshare provider in the country is trying to close the gap with its number one competitor, Uber T... Read the Full Story |
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From Our PartnersVetted by Microsoft's engineers. Here's 1 hot AI company that every investor should see. This AI company's team had 4 M&A exits, including a sale to Microsoft. | | | | Click to see what they're building now. |
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Markets | | | On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Bid... Read the Full Story |
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Markets | | | Shares were mostly lower Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will issue a policy decision on Friday.... Read the Full Story |
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From Our PartnersA shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products.
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Markets | | | Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.Shares in the airline rose 7% Monday, their second-best day since 2020.In a letter ... Read the Full Story |
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Autodesk Inc. (NASDAQ: ADSK) is a leading provider of 3D design, engineering, and entertainment technology solutions. It's widely known for its computer-aided design (CAD) programs used by engineering, design, architecture, and construction firms. The computer and technology sector company is hi... Read the Full Story |
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Markets | | | After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch Read the Full Story |
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Markets | | | The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.The revision was due to private sector investments, at minus 0.4%, up from the previous minus 0.5%.Sea... Read the Full Story |
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Markets | | | Understanding your risk tolerance is essential to making sound investment decisions. An accurate risk tolerance assessment will help you choose suitable investment strategies to create a balanced portfolio that matches your risk appetite. And when your investment choices align with your financial go... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name. It also provides relaxed casual shoes and sandals under the Sanuk brand name; casual footwear fashion line under the Koolaburra brand name; and footwear under the AHNU brand name. The company sells its products through domestic and international retailers; international distributors; and directly to its consumers through its direct-to-consumer business, which includes e-commerce websites and retail stores. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California. | | View Today's Stock Pick |
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