Good MorningEquity markets retreated for the 3rd day on Wednesday as investors weighed details from the FOMC minutes. The minutes reveal a Fed uneasy about cutting interest rates because of the inflation risk. Economic activity is steady and on track for a soft landing; easing up on rates too soon would reinvigorate activity and inflation. In that scenario, the FOMC would have to hike rates again soon and possibly keep them there indefinitely. As it is, higher for longer may mean longer than the market is pricing.
Earnings from tech giant NVIDIA will be the driving force for market activity on Thursday. The risk is expectations. In the last twelve months, the market has pushed NVIDIA's share price up 360% on ramping AI activity and may have outrun reality. Even with a blowout report, the market is overbought, and the trade is crowded, setting it up for correction. Without NVIDIA and big tech to drive it, the S&P 500 may have nowhere to go but lower. Featured: If everyone knew this, Wall Street would go out of business (Base Camp) 
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Markets | | | World markets were mostly higher on Friday after Nvidia delivered stunning results, setting off a rally in other technology companies that carried Wall Street to another record high. The futures for the S&P 500 and the Dow Jones Industrial Average were down less than 0.1%.Germany's DAX added 0.1... Read the Full Story >> |
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From Our PartnersThe World's First "$20 Trillion Drug?" One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see 113,000% gains! | | | | Get the name of the stock here |
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Stocks | | | Ahead of its upcoming earnings report on February 29, Dell Technologies (NYSE: DELL) just broke out of a lengthy consolidation. Year-to-date, the technology and computer giant is now up almost 15% and a whopping 109% over the previous year. The company has recently received several favorable anal... Read the Full Story >> |
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Markets | | | The 30% drop from their pre-earnings share price should tell you everything you need to know about Roku, Inc.’s (NASDAQ: ROKU) earnings report. The streaming giant reported their Q4 numbers last week, and while they managed to deliver a beat on revenue and shared decent forward gui... Read the Full Story >> |
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Markets | | | Keurig Dr Pepper's (NASDAQ: KDP) share price fell following the Q4 results and guidance for 2024, setting up the next buying opportunity. The market is down but aligning with a bottoming pattern while the business reaches an inflection point. Coffee remains a weak spot, and the guidance isn’... Read the Full Story >> |
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Markets | | | Germany's businesses remain mired in pessimism despite a small uptick in the latest survey, as Europe's largest economy struggles with shortages of skilled labor, slower global trade, and political squabbling Read the Full Story >> |
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From Our Partners50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. | | | | More here. |
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Markets | | | Rivian’s (NASDAQ: RIVN) Q4 release further proves that the EV market bubble has burst. Internal metrics and guidance suggest demand has peaked and current capacity is too much. The takeaway is that business isn’t getting any better soon; if Rivian can’t start producing profits, i... Read the Full Story >> |
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Stocks | | | Nvidia's stock price jumped 16% on Thursday, increasing the company's market value by a staggering $273 billion in just one day, a record amount. The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company's re... Read the Full Story >> |
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Markets | | | Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from a year earlier, according to the Commer... Read the Full Story >> |
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Markets | | | The average long-term U.S. mortgage rate rose this week for the third time in as many weeks, driving up home loan borrowing costs in just as the spring homebuying season ramps up.The average rate on a 30-year mortgage rose to 6.90% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A ye... Read the Full Story >> |
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Markets | | | After a lackluster second half to 2023, shares of The Trade Desk, Inc. (NASDAQ: TTD) are once again doing what they love best: rallying. Truth be told, it was starting to look like they were forming a downtrend, having fallen more than 30% from last summer’s peak into January. But ... Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform. Its lead product candidate is CTI-1601, which is in Phase 2 clinical trial for the treatment of Friedreich's ataxia, a rare, progressive, and fatal genetic disease. The company is headquartered in Bala Cynwyd, Pennsylvania. | | View Today's Stock Pick |
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