Good MorningEquity markets advanced to set another new high last week, but there is risk. The narrow market breadth, with leadership centered on only a few names. Names like NVIDIA, Amazon, and Meta are doing most of the work and have the market set up to fall should they falter. The S&P is well above its nearest support target and could shed 5% to 10% quickly.
The risk for bears is underlying economic strength. A stock market correction is due but also needed. A pullback would allow participants to take profits and reposition for the year's 2nd half, which is expected to be robust. The consensus for earnings growth is near 14% and should lead the S&P 500 to set new highs periodically, assuming no change in the economic outlook. The FOMC may not cut rates as soon as expected, but if so, it is because of economic resilience, as seen in the non-farm payroll report. The NFP shows solid job creation, low unemployment, and wage gains to drive demand and consumer spending. Featured: The ONE AI Stock to own now. (It's not Nvidia.) (Weiss Ratings) 
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Markets | | | One of the market's most closely watched economic reports made a sudden turn last week. The employment situation report (NFP) showed that the U.S. economy is still resiliently adding jobs despite seeing some contradicting indicators placing a ceiling on its growth. Investors would be wise to foll... Read the Full Story >> |
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From Our PartnersToday, I'm making my boldest prediction ever.
Next-generation AI technology will create the first $100 TRILLION industry. | | | | That will slam shut June 25. |
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Markets | | | As the two largest economies in the world, the United States and China, have been battling over ownership of the semiconductor manufacturing space, leading to access to the world’s latest technology and artificial intelligence capabilities, an opportunity is brewing for investors. The oppor... Read the Full Story >> |
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Markets | | | After a few months of stalemate between buyers and sellers, the U.S. real estate sector is finally looking to get back on its feet. With the Intercontinental Exchange reporting that most outstanding mortgages in the U.S. carry an interest rate of only 3.25% today, most homeowners don’t have ... Read the Full Story >> |
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From Our PartnersA megatrend now poised to mint a brand-new wave of millionaires right here in America.
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Markets | | | The overall market continues its impressive performance, with the SPDR S&P 500 ETF Trust (NYSE: SPY) up 12.35% year-to-date. While the tech sector has been the primary driver, other sectors have also contributed to the rally. One such sector is industrials, represented by the Industrial Select... Read the Full Story >> |
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Markets | | | Mexico's outgoing president pledged Friday to press ahead with j udicial reforms despite nervousness among investors and suggestions from his own handpicked successor that he should go slow. President Andrés Manuel López Obrador said he would pursue 20 constitutional changes after his Morena party w... Read the Full Story >> |
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From Our PartnersCould Elon's New Device be Bigger than the iPhone?
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Markets | | | Stocks slipped and Treasury yields rose sharply Friday after the government released a jobs report whose headline numbers came in hotter than expected.Overall, the report suggests markets may have to wait even longer for interest rate cuts from the Federal Reserve. The S&P 500 fell 5.97 points, ... Read the Full Story >> |
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Markets | | | World stocks were mostly lower on Monday after a U.S. jobs report released Friday came in hotter than expected, while the euro fell after French President Emmanuel Macron dissolved the National Assembly following a setback in Sunday's parliamentary election. Far-right parties made major gains in par... Read the Full Story >> |
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Markets | | | HealthEquity Inc (NASDAQ: HQY) is one of the nation’s largest providers of health savings accounts (HSA) and consumer-directed benefits (CDB) services. Its platform enables individuals to open, transfer, and conveniently manage HSAs and businesses to administer them seamlessly. They also p... Read the Full Story >> |
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Markets | | | The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.The revision was due to private sector investments, at minus 0.4%, up from the previous minus 0.5%.Sea... Read the Full Story >> |
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Markets | | | Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday.It's the latest pushback over the size of the pay package, which was recently valued by the company at ... Read the Full Story >> |
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Monday's Early Bird Stock Of The Day Workday, Inc. provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights;... | | View Today's Stock Pick |
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