Good MorningEquity markets were flat on Thursday as traders digest the latest inflation data. The inflation data aligns with expectations, but expectations may be too optimistic. The FOMC is on track to cut rates, but perhaps not in 2024. Inflation is slowing but still rising, and prices are at record highs. The risk for the FOMC is that stepping back policy could lead to another acceleration of inflation and put the economy in a worse position.
The S&P 500 set a new high this week and may continue higher. The bullish technical setup could lead the market up another 200 points or more. The risk is that the market is still pricing and repricing the FOMC outlook and could reverse at a moment's notice. The next few weeks will be telling. Among the hurdles are earnings reports from key players like NVIDIA, which are set to release results next week. Because NVIDIA is responsible for much of the S&P gains and is fueling the AI hype, a tepid release could deeply impact the broader market. Featured: The Worst is Yet to Come… (Porter & Company) 
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Tech | | | 5G technology is one of those innovations that are so transformative that they create entirely new sectors for investors. Investing in 5G is not merely about buying tech stocks or even specific niches like entertainment or streaming. Instead, investing in 5G encompasses all these areas and then som... Read the Full Story >> |
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Tech | | | One surefire way investors can figure out the financial system's health is by following the money. Shares of Squarespace Inc. (NYSE: SQSP) are up nearly 30% after private equity firm Permira offered to take it private through a $6.9 billion all-cash deal. Before this offer, Squarespace had a ... Read the Full Story >> |
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Markets | | | Tech stocks offer the largest gains for investors because the opportunity for growth is immense. Often started from nothing, microcap tech stocks can blossom into market-leading names, with Alphabet (NASDAQ: GOOGL), Apple (NASDAQ: AAPL), and Microsoft (NASDAQ: MSFT) as prime examples. This article... Read the Full Story >> |
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From Our PartnersThere's all kinds of "signals" to follow when investing in cryptos.
But there's one signal you should pay attention to above all others: Venture capital firms.
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Stocks | | | The Dow Jones Industrial Average just topped 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones for the Dow don't mean that much in... Read the Full Story >> |
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Stocks | | | Asian shares retreated on Friday after U.S. stocks edged back from their record heights, though the Dow Jones Industrial Average briefly topped 40,000 for the first time. U.S. futures fell and oil prices edged higher. Chinese stocks were little changed after officials in Beijing reported persisting ... Read the Full Story >> |
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Markets | | | World shares were mostly lower on Friday, though Chinese stocks reversed earlier losses following the announcement of fresh measures to revive the ailing property market. U.S. futures were little changed, with the contract for the Dow Jones Industrial Average near 40,000 after it topped that level f... Read the Full Story >> |
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Markets | | | Michael Burry, the legendary investor who predicted the 2008 financial crisis, has once again made waves with his latest 13-F filing. While he added to and trimmed several positions, the standout move was his new investment in Sprott Physical Gold Fund (NYSEARCA: PHYS). In this article, we'll del... Read the Full Story >> |
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Markets | | | Cisco Systems' (NASDAQ: CSCO) headwinds are diminishing, opening the door to a rebound and sustainable rally that could lift the share price by double-digits. While end-market inventory normalization is still underway in the networking segment, other segments are growing, and the integration of Sp... Read the Full Story >> |
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Markets | | | China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year.Among other things, the central bank said it would reduce the minimum down payment for mortgages and remove th... Read the Full Story >> |
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Markets | | | Deere's fiscal second-quarter results beat Wall Street's expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops Read the Full Story >> |
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Friday's Early Bird Stock Of The Day Coupang, Inc., together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services... | | View Today's Stock Pick |
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