Good MorningEquity markets advanced in the prior week following the FOMC announcement. The FOMC reaffirmed three twenty-five basis point rate cuts this year, giving the market what it wanted. However, the FOMC remains non-committal to the timing of cuts and is watching the data. As it is, the data does not cooperate with inflation accelerating, oil prices rising, and resilient economic conditions.
The S&P 500 advanced more than 2.25% for the week, setting another fresh all-time high, and additional gains should be expected. With the all-clear given, the inflow of investment dollars should remain steady or not accelerate and drive the market upward. The risk is that the FOMC will not cut rates as quickly as expected, leading the market to correct over the summer. In that scenario, the sell-off could be quick and severe but short-lived, resulting in a buying opportunity for the back half when the Fed is likely to cut rates. Featured: Something BIG's about to happen in America (Stansberry Research) 
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Markets | | | Bears may have gotten way too aggressive in their trading lately. This is especially true with stocks like SoFi Technologies Inc. (NASDAQ: SOFI) and Whirlpool Co. (NYSE: WHR). Investors may soon learn how rising short interest in these two names could catapult them to new highs. Both are highly e... Read the Full Story >> |
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Markets | | | Ford Motor Co. (NYSE: F) stock was up nearly 7% for the week as of mid-session on March 22. The move followed news that the federal government acknowledged reality regarding electric vehicle sales. The government backed down on previously proposed Rules that automakers reduce production of ... Read the Full Story >> |
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Markets | | | Oracle Co. (NYSE: ORCL) is a giant in the computer and technology sector that originally got its start as the leader in relational databases in the 1980s. The company has evolved into an enterprise software behemoth and a major cloud computing services provider. Its latest quarterly results shot s... Read the Full Story >> |
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Markets | | | Cannabis stocks were a bubble that exploded in 2021. The hype associated with anxious states legalizing cannabis and hopes for the federal repeal of marijuana legislation has lost momentum, but it may be starting up again. Germany just passed a monumental bill that will legalize cannabis on April ... Read the Full Story >> |
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Stocks | | | U.S. stocks closed their best of the year so far with a quiet finish on Friday, remaining near their records. The S&P 500 slipped 7.35 points, or 0.1%, from its all-time high to close at 5,234.18. The Dow Jones Industrial Average fell 305.47, or 0.8%, to 39,475.90, and the Nasdaq composite rose ... Read the Full Story >> |
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Stocks | | | In the exchange-traded funds (ETFs) world, the Utilities Select Sector SPDR Fund (NYSE: XLU) remains a significant player, although it has seen a modest performance this year, with gains of nearly 1% year-to-date. Despite this, the XLU exhibits intriguing technical signals, suggesting a potential ... Read the Full Story >> |
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Markets | | | Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the former Twitter following the Jan. 6 insurrection Read the Full Story >> |
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Markets | | | European Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month Read the Full Story >> |
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Markets | | | Global shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates. France's CAC 40 was virtually unchanged in early trading at 8,151.94, while Germany's DAX edged up 0.1% to 18,227.53. Britain's FTSE 100 was little changed, in... Read the Full Story >> |
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Markets | | | State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state The Illinois-based company, California's largest insurer, cited soaring costs, ... Read the Full Story >> |
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Monday's Early Bird Stock Of The Day Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allow... | Should I Buy Adobe Stock? ADBE Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Adobe was last updated on Sunday, March 17, 2024 at 5:13 PM. Pros- Adobe's focus on AI products like Sensei and Firefly, offering innovative tools for creating marketing graphics, images, text, and color palettes.
- Continuous updates and features using AI in Adobe's software products, ensuring relevance and competitiveness in the market.
- Strong financial performance reflected in Adobe's stock price, with a consensus view of "moderate buy" and a price target of $594.50, indicating potential upside.
- Leading the way in copyright protection for artists through AI products like Firefly, addressing concerns of illegal use of creative work.
- Positive institutional ownership data showing significant inflows from big investors, indicating confidence in Adobe's future growth.
Cons- Adobe's performance being influenced by other heavily weighted tech stocks like Microsoft and Apple, potentially limiting its individual impact on sector performance.
- Market conditions affecting AI-related semiconductor stocks differently, with Adobe not immune to broader industry trends and regulations.
- Concerns about the pace of resolving legal issues related to AI authorship and ownership, which could impact future product development and market positioning.
- Potential challenges in maintaining competitive edge in the rapidly evolving AI technology landscape, requiring continuous innovation and adaptation.
- Dependency on the successful rollout and adoption of AI products like Firefly for enterprise use, with uncertainties around market acceptance and revenue generation.
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