Good MorningEquity markets continue to advance despite hot inflation. The headline read of the CPI index came in lower than expected but still hot at 4.0%, double the Fed's target, while core inflation runs hotter at 5.3%. The data increased the odds of another rate hike, a negative for equities, and the CME's FedWatch Tool suggests interest rates could rise another 50 basis points and top out above 5.5%. The real danger is that hot inflation will keep the Fed tighter for longer, which is not fully priced into the market.
Today's FOMC meeting appears to be priced into the market. The CPI data was neither hot nor cool enough to sway them from pausing or indicating a cut, which the market wants. This means that equities could continue to rally into the summer when the Fed is slated to meet again. By then, the Fed will know if the cool-down of inflation is real and whether another interest rate hike is needed. Featured: I was wrong about Trump (Ad) 
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Hearing about the stock market and investors making money can motivate you to consider trading stocks online. Unfortunately, too many people jump into day trading without understanding the basics and fall right into the traps of impulse trading, FOMO and bag holding.
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Markets | | | Asian stock markets followed Wall Street higher on Wednesday after a cooler reading on U.S. inflation fueled hopes the Federal Reserve will postpone a possible interest rate hike.Shanghai, Tokyo, Hong Kong and Sydney rose. Wall Street's benchmark S&P 500 index gained 0.7% to a 14-month high afte... Read the Full Story |
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Value investing is the idea of buying high-quality stocks when they are cheap. The hard part about value investing is buying those stocks when they’re down. Usually, stocks are down for a reason, which is true for V.F. Corporation (NYSE: VFC), Verizon (NYSE: VZ), and Kohl’s (NYSE: KSS)... Read the Full Story |
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Shares of Peloton Interactive (NASDAQ: PTON) reached their all-time high prices of $170.09 per share in January 2021; after a whole two years of facing challenging economic environments and a stern test to their value proposition, the stock is selling for below $10 to mark a 95% retracem... Read the Full Story |
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Markets | | | Asian stock markets were mostly higher Tuesday ahead of a U.S. inflation update and a Federal Reserve decision on another possible interest rate hike.Shanghai declined while Tokyo and Hong Kong advanced. Oil prices rebounded from Monday's plunge.Wall Street's benchmark S&P 500 index rose 0.9% to... Read the Full Story |
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Alibaba Group (NYSE: BABA) has been increasing in the markets as the company is riding on a cocktail of tailwinds forming within its domestic and international markets. As the United States reports lower-than-expected inflation rates, with a 4.0% against 4.1% consensus, posing a different bea... Read the Full Story |
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Markets | | | Nasdaq is buying Adenza, a company that makes software used on Wall Street, for $10.5 billion in cash and stock.The acquisition from owner Thoma Bravo, an investment company, includes $5.75 billion in cash and 85.6 million shares of Nasdaq common stock.Nasdaq CEO Adena Friedman has been pushing the ... Read the Full Story |
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Stocks | | | Stocks are drifting higher Wednesday, as Wall Street waits to hear what the Federal Reserve’s latest economy-moving decision will be on interest rates.The S&P 500 was 0.4% higher in midday trading after riding a winning streak to its best level since April 2022. The Dow Jones Industrial Average ... Read the Full Story |
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Markets | | | Wages in the U.K. spiked sharply in April, official figures showed Tuesday, a development that is set to cement expectations that the Bank of England will raise interest rates once again next week, to the likely dismay of many homeowners suffering from surging mortgage costs as well as high inflatio... Read the Full Story |
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The market is climbing a wall of worry and may rally into the summer. How high it gets and what happens then is anybody's guess at this point in the game, but upward movement persists. And this is despite an iffy read on the Consumer Price Index that points to additional tightening later this year... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
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