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Sunday, June 16, 2024
🦉 3 Stocks That Plummeted After the Post-Fed Speech Crash
Whenever the Federal Reserve (the Fed) speaks, the whole market, the global financial market, watches closely. A single shift in sentiment and approach to where interest rates may be headed could send markets swinging in either direction, and that’s where investors can begin to look for opportunities. Today, three stocks were caught crashing hard after the Fed’s recent speech, and they are worth looking at. In this group, it is stocks like Airbnb Inc. (NASDAQ: ABNB), The Hershey Co. (NYSE: HSY), and even Nike Inc. (NYSE: NKE) that traded down to potentially attractive levels for investors to start considering them for a watchlist. .
Equity markets advanced last week, leaving the S&P 500 at a fresh all-time high. The move was partly driven by the cool read on CPI Wednesday, but the real market driver is earnings. The FOMC and inflation are worries but little more than bricks in the Wall of Worry because of economic strength and S&P 500 earnings. S&P 500 earnings are growing, and growth is accelerating. In this environment, the S&P 500 can continue to rise until the last penny of economic expansion and earnings growth is priced into the market. Based on technical indicators, that could mean another 12% to 15% upside by early next year.
Next week's hurdle will be retail sales. The May reading of Retail Sales data is due on Wednesday and may alter the outlook. Retail sales are expected to accelerate from the previous month and keep the pace above 3% year over year. A weak reading will pass so long as no significant contraction is posted. In that scenario, the long-anticipated recession may have arrived.
Whenever the Federal Reserve (the Fed) speaks, the whole market, the global financial market, watches closely. A single shift in sentiment and approach to where interest rates may be headed could send markets swinging in either direction, and that’s where investors can begin to look for opportunities. Today, three stocks were caught crashing hard after the Fed’s recent speech, and they are worth looking at. In this group, it is stocks like Airbnb Inc. (NASDAQ: ABNB), The Hershey Co. (NYSE: HSY), and even Nike Inc. (NYSE: NKE) that traded down to potentially attractive levels for investors to start considering them for a watchlist.
The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa's most populous country
As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin's critical short-term support level sits at $66,000, with $72,000 acting as critical resistance. Should Bitcoin break through this resistance, it could spark significant moves in Bitcoin-related stocks. Let’s take a look at four popular Bitcoin-related companies and assess which ones are best set up for a move higher if Bitcoin breaks out. Marathon Digital Holdings' Focus on Bitcoin Mining Marathon Digital Holdings (NASDAQ: MARA) focuses on Bitcoin mining, having rebranded in 2020.
New documentary exposes a hidden election plan in Washington D.C. that, if successful, could be more financially and culturally devastating than the dot-com blowup of 2000, the 2008 financial crisis, or the COVID crash.
U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan's consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final reading of 69.1 in May. June's reading is about 30% higher than the bottom reached in June 2022, when inflation peaked at a four-decade high, but is still below levels typically associated with a healthy economy. Consumers' outlook has generally been gloomy since the pandemic and particularly after inflation first spiked in 2021.
Have you ever been offered a deal that sounded too good to be true? Everyone likes to find a bargain, but if the price or terms are overly generous, it sends a warning sign to our scam radar. What’s the catch? Why would this benefit the person offering the deal? In markets, prices tend to be efficient, but that doesn’t mean every asset is valued correctly. Stock prices can get disconnected from business reality, as can the dividends companies pay shareholders. A dividend trap occurs when a high yield masks underlying problems, and investors buy shares expecting consistent income...
The Hill just published that Joe Biden has received enough delegates to…"clinch the Democratic presidential nomination and all but guaranteeing he will face off against former President Trump again in November."
Why is he all BUT guaranteed the Democratic nomination, in their words?
Yemen's Houthi rebels and its internationally recognized government are locked in a fight for control of the country's banks that experts warn is threatening to further wreck an economy already crippled by nearly a decade of war
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