Good MorningEquity markets were flat to up on Wednesday as traders tried to gauge the future of interest rates. The S&P 500 and NASDAQ closed near break-even for the day, while the blue-chip Dow Jones Industrial Average led with a gain near 0.5%. This is the longest winning streak for the blue-chip index, putting it at a one-month high with sights on retesting the all-time high. The risk for traders now is that next week's economic data and retail sector earnings will sap sentiment and cap gains in equities. Among the hurdles for the market is guidance. The earnings season is better than expected on average, but guidance from key companies has been light and points to a weaker 2nd half than previously forecast. In this scenario, the S&P 500 is heading toward a hard ceiling that may coincide with the next FOMC meeting. The market continues to predict an interest rate cut for this year but may be overly optimistic. The FOMC has normalized rates; we have to live with them until the next economic catastrophe.
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Markets | | The U.S. stock market could now be at a pivotal point, which some may call a top. After potentially pricing in the proposed Federal Reserve’s (the Fed’s) interest rate cuts, the broader market indexes could be set up for a major disappointment. Stubborn inflation rates have postponed t... Read the Full Story >> |
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Markets | | Evidence is mounting to support a bullish outlook for the agricultural sector. A closer look reveals that shares of FMC Co. (NYSE: FMC) could become one of the most attractive options within the primary industries supporting the new wave of agricultural demand. After reporting its first quarter... Read the Full Story >> |
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Tech | | Lucid’s (NASDAQ: LCID) stock price has been down-trending since 2021, and it is not over. The Q1 results aren’t horrible, but they did nothing to improve the outlook for growth, market domination, or profits. The results frightened the market because spending is rising, and profitability... Read the Full Story >> |
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Tech | | Electronic Arts (NASDAQ: EA) is a titan in the interactive entertainment sector and commands a top position within the video game industry subsector. EA's diverse portfolio of high-quality game franchises captivates millions of players worldwide. Electronic Arts’ earnings report for the fourt... Read the Full Story >> |
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Markets | | Generac Holdings Inc. (NYSE: GNRC) is attempting to recover from its Q1 2024 earnings selloff. The computer and technology sector company is a leader in manufacturing backup power generators with a 70% market share. It has expanded its offerings to include a range of clean energy, battery and monito... Read the Full Story >> |
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Markets | | World shares were mixed on Thursday after Wall Street's lull stretched into a second day, with Chinese benchmarks rising after China reported better-than-expected trade figures for April. U.S. stocks are set to be down as the futures for the S&P 500 and that for the Dow Jones Industrial Average ... Read the Full Story >> |
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Markets | | The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards imminently as inflation is forecast to fall below target.In a statement Thursday, the bank's nine-member Monetary Policy Committee voted 7-2 to keep... Read the Full Story >> |
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Stocks | | Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday.The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year ... Read the Full Story >> |
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Markets | | Plant-based meat maker Beyond Meat urged investors to look past its mixed first quarter results Wednesday, saying a new, healthier burger hitting U.S. shelves now will help reignite weak sales."We really do believe we are at the early stages of a pivotal and terrific year for Beyond Meat," President... Read the Full Story >> |
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Markets | | Prices in Argentina have surged so dramatically in recent months that the government has multiplied the size of its biggest bank note in circulation by five — to 10,000 pesos, worth about $10. The central bank announcement Tuesday promised to lighten the load for many Argentines who must carry aroun... Read the Full Story >> |
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Thursday's Early Bird Stock Of The Day Emergent BioSolutions Inc., a life sciences company, provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States. The company offers NARCAN Nasal Spray for the emergency treatment of known or suspected opioid overdose; Vaxchora vaccine for the prevention of cholera; Vivotif vaccine for oral administration for the prevention of typhoid fever; Anthrasil for the treatment of inhalational anthrax; BioThrax, an anthrax va... | View Today's Stock Pick |
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