Good MorningEquity markets pulled back on Wednesday following the Fed's policy decision. The Fed held rates unchanged and made no policy changes but shocked the market with a seemingly abrupt change of sentiment. The committee acknowledged the rising pace of inflation by upping its 2021 inflation target by 100 basis points and indicating the possibility of a rate hike in 2022.
The selling was led by big tech, the NASDAQ Composite shed more than 1% at the low of the day. Thursday will be a big test for the market, if it cannot rebound from Wednesday’s sell-off a much deeper sell-off could be in store. The next big hurdle for the markets will be in 2 weeks with the release of the May PCE index reading. If consumer inflation doesn’t slow it will accelerate the timing of future rate hikes.
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Markets | |
It’s well established that asset allocation is an approach to qualified accounts. By investing in different asset classes, allocated proportionally to meet your financial goals, time horizon and risk tolerance, you can improve the likelihood of achieving the best outcome.
Most of the time, ... Read the Full Story |
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From Our Partners | | China controls more than 90 percent of the world's refined rare earths and is quietly building a yuan-based payment network, gold vaults in Hong Kong, and cross-border trade deals designed to bypass the dollar.
Meanwhile, a 13-nation pact signed inside the State Department and a flurry of executive orders suggest Trump may be resetting the dollar's foundation entirely, what analyst Porter Stansberry calls the Silicon Dollar, anchored to minerals, energy and AI infrastructure.
The last dollar reset minted over a thousand new millionaires a day. | | Watch the documentary revealing Trump's new dollar strategy now |
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Consumer Staples | | Skincare company The Beauty Health Company (NASDAQ: SKIN) stock has been on a tear recently as it continues to make new all-time highs on the reopening theme. As consumers inevitably return to the new normal, live engagement in the workplace or in social settings is a reality. With the pandemic behi... Read the Full Story |
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Markets | |
Humans have a knack for doing what they know over and over again. For example, you may have the same type of investing strategy you've used for 10 years. But have you ever stopped to consider whether it's actually working for you? Maybe fees have eaten you alive. Maybe you haven't earned as much a... Read the Full Story |
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From Our Partners | | Forbes recently called a new category of exchange-traded income funds a 'golden era,' and Bloomberg noted the eye-popping yields are fueling a boom among everyday investors. Three years ago, barely a dozen of these funds existed - today there are more than 100, holding over $140 billion.
These funds trade on the NYSE and NASDAQ and are built to generate monthly income. Some investors are targeting $5,000 a month with roughly one-tenth of the nest egg Wall Street says you need. | | Watch the short briefing to see how this income approach works |
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Technology | |
From what to have for dinner to where to go on vacation, it can be hard for a group of people to reach a consensus. The same goes in the stock market where research analysts often have vastly differing opinions about a particular company.
That's why when all analysts have the same rating on a sto... Read the Full Story |
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Industrials | |
The Analysts Are Driving These Stocks Higher
While loath to blindly follow any analyst into an investment we like keeping track of the analyst community. Not only are they a fountain of ideas, but following the trend in analyst sentiment can provide deep insight into major market turning points. ... Read the Full Story |
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From Our Partners | | Electricity costs for utilities serving 13 states jumped from 2.2 billion to 14.7 billion in a single year, nearly seven times higher, as AI data centers strain the power grid.
One energy source runs around the clock without fuel, sunlight, or wind, and its federal tax credits remain in place through 2033. Google has signed a 15-year contract, and Bill Gates has invested 100 million. | | See where the power actually comes from right now |
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Technology | | Network solutions provider Extreme Networks (NASDAQ: EXTR) stock is awakening as it ascends towards multi-year highs driven by secular tailwinds in cloud and 5G. The Company is also migrating to a subscription model which makes sense since it’s more of a software solutions provider, not hardwa... Read the Full Story |
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Technology | | Even though tech stocks went through a period of weakness over the last few months, the fact that they made a nice comeback tells us that there is still an appetite for companies in the sector. With the Nasdaq index hitting new all-time highs earlier this week and the Federal Reserve announcing that... Read the Full Story |
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Healthcare | |
Bio-Techne (NASDAQ: TECH), J2 Global (NASDAQ: JCOM) and InMode (NASDAQ: INMD) recently passed buy points, a signal that institutional buyers have confidence in a stock.
When a stock breaks out of a consolidation, you may feel that it’s past the point where it’s a bargain, and you mis... Read the Full Story |
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Finance | |
The regional bank sector got a lift recently as the TFC Financial was absorbed by Huntington Bancshares (NASDAQ:HBAN). This is a relatively common occurrence among regional banks as they try to capture a larger market share and/or geographic footprint.
In fact, the possibility of mergers and acq... Read the Full Story |
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Consumer Discretionary | |
La-Z-Boy Shares Fall On Margin Warning
La-Z-Boy (NYSE: LZB) and the furniture industry are among the most durable winners in the post-pandemic world. The industry suffered a blow when the pandemic struck but has since been able to bounce back very strongly. La-Z-Boy just released its fiscal Q4 r... Read the Full Story |
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The Early Bird Stock Of The Day Yunji Inc., together with its subsidiaries, operates a social e-commerce platform in the People's Republic of China. It offers a range of product categories that cater various daily needs of users and their households, including beauty and personal care, household goods, cloths, food and fresh produce, computer and electronics, apparel, bags and cases, baby and maternity products, and home appliances. The company was founded in 2015 and is headquartered in Hangzhou, the People's Republic of China. | | View Today's Stock Pick |
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