Good MorningThe S&P 500 started the week cautiously but on a positive note, rising to a new all-time high. The market is cautious because the Consumer Price Index is due on Wednesday and may raise fear of higher interest rates. However, the latest PCE price index aligned with trends, suggesting the CPI will show that consumer-level inflation is cooling, which should help lift stock prices. The market is banking on the FOMC to cut rates at least once by the end of the year, and the committee needs this data to cooperate to do it.
The S&P 500 is in an uptrend and on track to extend its rally through year's end. The caveat is that the index is due for a periodic correction and is set to fall. Divergences in the MACD suggest the market is tired, near a peak, and ready to sell, given a reason. The CPI report could give a reason; if it doesn't, there are always corporate earnings to worry about. The Q2 earnings reporting season kicks off this Friday when JPMorgan Chase releases its Q2 results. Featured: Do You Own Any of These MOONSHOT Cryptos? (Crypto 101 Media) 
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Stock splits are a hot-ticket item in 2024. Companies from NVIDIA (NASDAQ: NVDA) to Walmart (NYSE: WMT) and Chipotle Mexican Grill (NYSE: CMG) to Broadcom (NASDAQ: AVGO) are doing it, citing the same reasons. The meteoric rise in their share prices makes the stocks inaccessible for smaller retail ... Read the Full Story |
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In today's environment, the lion’s share of market attention is focused on two main things. First, most have headed to the technology sector, particularly stocks like NVIDIA Co. (NASDAQ: NVDA), exposed to the hype around artificial intelligence expansion and adoption throughout the global ec... Read the Full Story |
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Most investors fail to realize that a stock price has nothing to do with the underlying company, as more than 90% of the time, there is a wide gap between value and price. How come businesses like PepsiCo Inc. (NASDAQ: PEP), which have a solid global presence with sales coming in almost auto-pilot... Read the Full Story |
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NVIDIA Corporation (NASDAQ: NVDA) is one of the dominant forces in the artificial intelligence (AI) sector. The company continues to be a hot topic among investors and the semiconductor analyst community. The company's stock has been on a tear in 2024, boasting a year-to-date gain of appro... Read the Full Story |
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Some stocks depend on commodity prices for their success – or failure – and the main ones that come to mind may be inside the energy sector. If Warren Buffett chooses to buy an oil company, as he did through a nine-day buying streak in shares of Occidental Petroleum Co. (NYSE: OXY), it... Read the Full Story |
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Stocks | | | U.S. stocks rose to more records Friday after a highly anticipated report on the job market bolstered Wall Street’s hopes that interest rates may soon get easier.The S&P 500 climbed 0.5% to set an all-time high for a third straight day following Thursday’s pause in trading for the Fourth of July... Read the Full Story |
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Markets | | | Asian shares were mostly higher Tuesday after Wall Street benchmarks reached more milestones.Japan's benchmark Nikkei 225 jumped 1.5% in morning trading to 41,386.80. Australia's S&P/ASX 200 gained 0.7% to 7,819.30. South Korea's Kospi edged up nearly 0.1% to 2,859.63. Hong Kong's Hang Seng inde... Read the Full Story |
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Markets | | | New Zealand's housing minister says the country will drastically ease restrictions on land use in a bid to “flood the market” with land for homes and override the powers of local councils to curb development Read the Full Story |
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Markets | | | Shares were mixed Wednesday in Asia after remarks by Federal Reserve Chair Jerome Powell in front of Congress did little to change investors' expectations for the timing of a Fed interest rate cut.Tokyo's Nikkei 225 index touched a fresh intraday trading high but fell back, edging 0.1% lower to 41,5... Read the Full Story |
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Markets | | | The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the Fed’s policymaking in the past, edges closer to formally becoming the Republican nominee for president Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Tempus AI Inc. is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics. Tempus AI Inc. is based in CHICAGO. | | View Today's Stock Pick |
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