Good MorningEquity markets retreated from a record high on Thursday as traders showed caution ahead of the NFP release today. The NFP is expected to confirm healthy labor markets but show softening that may lead the FOMC to act. The latest read from ADP shows jobs growing, but at a sluggish pace of 150,000, below what many deem strong or robust levels. The risk for investors expecting the FOMC to cut rates sooner rather than later is that 150,000 net new jobs, stable unemployment, and rising wages are enough to keep the FOMC from cutting, given the state of inflation. The pace of inflation is slowing but still sufficiently high to warrant tight policy. At the current pace of minus ten basis points in five months, the first cut may not come until next year.
Results from GameStop will be at the top of everyone's list Friday. The meme stock is set to report before the bell and may issue a better-than-expected report and spark another massive rally. The caveat is that better-than-expected would be relative to the low bar set by management, which is still terrible given the expectation for significant revenue and profitability declines. The brightest spot of the report will be the balance sheet, which will reflect the recent, highly dilutive share sale. Featured: Major Elon Musk Crypto Leak Revealed (Crypto 101 Media) 
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Markets | | | The so-called ‘meme stocks’ recently returned in the past few months. As some investors thought this round would repeat what happened in 2021, that would be a sorely mistaken assumption. Today’s market is anything but similar to its 2021 cousin, starting with interest rates over ... Read the Full Story >> |
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Markets | | | Stocks are often exposed to the emotional ups and downs of the market cycle, where investors tend to amplify bullish and bearish sentiment, reflecting these extremes in their price swings. What savvy investors can do is take advantage of these swings to the benefit of their wealth-building pursuit... Read the Full Story >> |
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Stocks | | | They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good Read the Full Story >> |
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Markets | | | Over the past 2 years, markets have lent the lion’s share of their attention to technology stocks, particularly those exposed to the rising trends in artificial intelligence and semiconductor manufacturing. However, over the past few quarters, markets have given stocks like Nvidia Co. (NASDA... Read the Full Story >> |
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Markets | | | The recent FDA approval of RYTELO™ (imetelstat) has propelled Geron Corporation (NASDAQ: GERN) into the spotlight, sparking a surge in Geron’s stock price and attracting heightened attention from investors seeking opportunities within the healthcare sector and biotech sector. This mo... 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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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 | | | America's employers added a strong 272,000 jobs in May, accelerating from April and a sign that companies are still confident enough in the economy to keep hiring despite persistently high interest rates Read the Full Story >> |
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Markets | | | The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market Read the Full Story >> |
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Markets | | | GameStop (NYSE: GME) shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating. The takeaways from the Q1 report... Read the Full Story >> |
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