Good MorningEquity markets increased on Wednesday, showing a high optimism that the CPI release would be good. The consensus is for headline CPI to recede compared to last year and for the core to hold steady, which is insufficient for the FOMC to cut rates but aligns with trends. The trend is a slow wind-down of inflation tracking toward the Fed's 2% goal. Currently, the FOMC is on course to cut rates this year and may do so twice by the end of the year.
The S&P 500 advanced 1% on Wednesday to set a new all-time high. The move indicates the rally is still on, but the risk of a correction grows. The market is extended at these levels, well above critical support targets, and divergences in the indicators mount. The caveat is that the uptrend can continue indefinitely despite the weakened indicators due to the outlook for earnings growth. With earnings expected to grow, a correction would be healthy for the market and equate to a buying opportunity. Featured: 917 Trades… Zero Losses? (Insiders Exposed) 
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The lion’s share of stock market attention has centered around the technology sector, particularly with stocks exposed to the artificial intelligence race in its breakthroughs and adoption across the global economy. However, not all stocks are equal in that race; some have gotten more attent... Read the Full Story |
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From Our PartnersAs central banks increase their gold reserves, savvy investors are following suit, seizing the opportunity to bolster their portfolios. Last year alone, central banks acquired a staggering 1,037 tons of gold, nearing record-breaking levels. Warren Buffett himself allocated over $500 million to gold investments. | | | | Claim your complimentary guide today |
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Markets | | | Palantir Technologies Inc. (NYSE: PLTR) is up 68% through the first half of 2024. That makes it not only one of the best technology stocks of the year but also one of the best-performing stocks in the market period. And with the market still showing a lack of breadth, it’s noteworthy that PLTR... Read the Full Story |
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Stocks | | | Asian stocks were mixed Friday with the yen moved between gains and losses after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September.U.S. futures were mixed and oil prices rose.The USD/JPY currency dropped 2.1% overnight and trade... Read the Full Story |
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From Our PartnersThe age of artificial intelligence has been unleashed. The first wave of AI lifted the stocks of Nvidia and other companies producing chips to power AI technology. The new wave of AI has everything to do with software - and it's just getting started. | | | | See how investors could benefit from AI's software revolution |
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A single analyst's upgrade can excite a market; a trend of upgrades can lift it, which is lifting Carvana (NYSE: CVNA)—a trend in upgrades signaling a shift in sentiment and a sustainable rally for this stock. The upgrade trend is strong enough to put CVNA on MarketBeat’s list of Most ... Read the Full Story |
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Corning Incorporated (NYSE: GLW) is a $38 billion business specializing in glass and ceramic-related technology. Its products are used in everything from flat-screen TVs, smartphones, and sensitive sensors for drug research, which might not seem that exciting, but don't be put off. At a time when ... Read the Full Story |
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Stocks | | | The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities and market manipulation fraud in a scheme that prosecutors said cost global investment banks billions of dollars.Bill Hwang looked straight ahead as the verdict was read, taking sev... Read the Full Story |
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SMART Global Holdings' (NASDAQ: SGH) repositioning efforts have set it up to achieve record-high share prices soon. The company’s Q3 results aren’t perfect, but include critical details that will support the market over time. Among them are improved profitability and a return to grow... Read the Full Story |
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Markets | | | Americans are traveling in record numbers this summer, but Delta Air Lines said Thursday that it saw second-quarter profit drop 29% due to higher costs and discounting of base-level fares across the industry.The airline is also predicting a lower profit than Wall Street expects for the third quarter... Read the Full Story |
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Markets | | | PepsiCo reported higher-than-expected earnings in the second quarter but acknowledged that after raising prices every quarter for more than two years, customers are not buying as many of its snacks and drinks Read the Full Story |
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Markets | | | A pair of government regulators slapped Citigroup with a $135.6 million fine on Wednesday, saying the bank has made insufficient progress in resolving longstanding internal control and risk issues. It's a major blow to Jane Fraser, the bank's CEO, who has staked her career on making Citi leaner and ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services. It entertains consumers worldwide by providing premium feature film and television programs, enthusiast streaming channels, and technology services. The company was formerly known as Cinedigm Corp. and changed its name to Cineverse Corp. in May 2023. Cineverse Corp. was incorporated in 2000 and is based in New York, New York. | | View Today's Stock Pick |
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