Good MorningEquity markets advanced to close near the highest level on record Tuesday and may continue to a new record high today. The minutes from the latest FOMC meeting are due this afternoon and should confirm the market's expectation that the next policy move will be to cut rates. The only question is the timing of the first cut, which may be later than the market hopes. The economic data is mixed and suggests underlying strength despite pockets of weakness. In this scenario, the FOMC could cut rates but runs the risk of accelerating inflation.
The bottom line for equities is earnings, and the outlook for earnings growth is solid. Even with higher rates, the S&P 5&P 500 is expected to grow earnings this year. The risk is that growth is predicated on the idea that the FOMC will cut interest rates, which may not happen. This leaves the market in a precarious position, hoping for an event that may not happen, waiting for the FOMC to give it the green light. However, so long as the FOMC dangles the rate-cut carrot in front of the market it should keep advancing. Featured: Elon Musk Secret Crypto Plot Exposed (Crypto 101 Media) 
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Markets | | | Shares of Eagle Materials Inc. (NYSE: EXP) are trading lower by more than 7% on Tuesday’s morning trading session; the reaction resulted from the company’s first quarter 2024 release, which left some investors scratching their heads, to say the least. It’s not often that markets ... Read the Full Story >> |
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Stocks | | | Are there any safe stocks out there? Investors need to align their portfolios with fundamental factors more than ever as rotating industries pose a new set of risks (and rewards). While some may focus solely on technology stocks, namely those dealing with artificial intelligence trends, there's a ... Read the Full Story >> |
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Markets | | | Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87. A representative at the Marianne Boesky Gallery, owned by Ivan Boesky's daughter, confirmed his death. ... Read the Full Story >> |
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Markets | | | Asian markets were mixed in cautious trading on Wednesday, with most of the regions' benchmarks climbing after U.S. stocks hit new record highs. U.S. futures rose while oil prices slipped. Tokyo's Nikkei 225 fell 0.6% to 38,719.35 after Japan reported that its trade deficit rose last month as rising... Read the Full Story >> |
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Stocks | | | Doximity Inc. (NASDAQ: DOCS) is a social networking platform exclusively designed for U.S. healthcare professionals. It's a cross between Meta Platforms Inc. (NASDAQ: META) owned Facebook and Microsoft Co. (NASDAQ: MSFT) owned LinkedIn. The community has grown to over 580,000 medical providers as ... Read the Full Story >> |
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Stocks | | | Investors have been pouring into sports betting stocks like DraftKings Inc. (NASDAQ: DKNG) and Fan Duel's parent, Flutter Entertainment plc (NYSE: FLUT). Streaming giants like Amazon Inc. (NASDAQ: AMZN) and Netflix Inc. (NASDAQ: NFLX) are jockeying to keep and sign lucrative broadcasting deals wit... Read the Full Story >> |
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Markets | | | European stocks dropped in early trading and Asian markets were mostly lower on Wednesday after U.S. stocks hit new record highs. The future for the Dow Jones Industrial Average and that for the S&P 500 both edged 0.1% lower. Britain's FTSE 100 fell 0.5% to 8,377.95 after the Office for National... Read the Full Story >> |
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Markets | | | Asian shares retreated Tuesday, even as most U.S. stock indexes finished higher, especially technology issues like Nvidia. Japan's benchmark Nikkei 225 fell 0.2% to 38,980.60. Australia's S&P/ASX 200 lost 0.2% to 7,848.00. South Korea's Kospi fell 0.8% to 2,720.90. Hong Kong's Hang Seng dove 2.1... Read the Full Story >> |
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Markets | | | Macy's sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending.Yet the quarterly results Tuesday beat Wall Street expectations. And Macy's, which also operates upscale Bloomingdale's and beauty chain Bluemercury, said it i... Read the Full Story >> |
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Markets | | | Imagine an investment that not only offers growth but also yields a stable, 7%+ dividend. Enterprise Products Partners LP (NYSE: EPD) is the only stock with an "A" rating from Standard & Poor's that offers such a lucrative yield. Let's dive in.EPD provides essential pipeline services for trans... Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Jack Henry & Associates, Inc., a financial technology company that connects people and financial institutions through technology solutions and payment processing services that reduce the barriers to financial health. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions; core data processing solutions for various ... | | View Today's Stock Pick |
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