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: Sell these "safe" blue chips immediately (Ad) 
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Communication Services | |
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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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | |
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% retracement in the... Read the Full Story |
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Markets | |
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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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Healthcare | |
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.
You want to avoid the deer-i... Read the Full Story |
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Consumer Discretionary | |
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 beat to ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Technology | |
Enterprise cybersecurity firm SentinelOne Inc. (NYSE: S) stock took a (35%) drop on its fiscal Q1 2024 earnings release. As a hypergrowth company, it saw revenues spike more than 70% but lowered its fiscal full-year 2024 guidance causing investors to panic out of the stock. Profits continue to gro... Read the Full Story |
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Technology | |
In the words of Oracle (NASDAQ: ORCL) CEO Safra Catz, “Both of our two strategic cloud businesses are getting bigger—and growing faster. That bodes well for another strong year in FY24." That bodes well for all of tech because the AI revolution supports this growth. If you ever wonder ... Read the Full Story |
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Healthcare | |
DarioHealth Co. (NASDAQ: DRIO) is an AI-powered digital therapeutics platform and provider that adaptively personalizes monitoring and treatments for chronic diseases. The mobile app manages five common comorbidity conditions, including diabetes, weight loss, hypertension, musculoskeletal and beha... Read the Full Story |
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Communication Services | | The Writers Guild of America (WGA) initiated a strike on May 2, 2023, after new contract negotiations with the Alliance of Motion Pictures and Television Pictures (AMPTP) fell flat on May 1, 2023. The ramifications of the strike have rippled across media and production networks and studios.
Media a... Read the Full Story |
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Healthcare | |
Don’t be fooled by the fact that Novartis AG (NYSE:NVS) is trading near an all-time high. The Swiss pharmaceutical giant is still a good value.
That value proposition took a huge step forward on Monday when Novartis announced a $3.2 billion acquisition of Seattle-based biotechnology company... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day GE Vernova LLC, an energy business company, generates electricity. It operates under three segments: Power, Wind, and Electrification. The Power segments generates and sells electricity through hydro, gas, nuclear, and steam power. Wind segment engages in the manufacturing and sale of wind turbine blades; and Electrification segment provides grid solutions, power conversion, solar, and storage solutions. The company was incorporated in 2023 and is based in Cambridge, Massachusetts. | | View Today's Stock Pick |
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