Good MorningEquity markets advanced on Wednesday to set a new high following the FOMC announcement. The FOMC did not indicate when a rate hike would come but confirmed it was on pace to cut rates by three 25-basis point increments this year. The takeaway is that markets got what they wanted, a sign the pivot to lower interest rates was near. As it is, the first may not come until July or later, suggesting a succession of cuts will come in the back half of the year.
The S&P 500 advanced nearly 0.8% to set a new all-time high. The move extends the rally from a short consolidation that bears the hallmarks of a continuation signal. Assuming the market follows through on this signal, it could advance by as much as 8% over the next three months. The next hurdle for the market will come next week with the PCE price index. If it confirms the acceleration of inflation shown by the CPI data, equity markets may begin to doubt the Fed's resolve.
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Aerospace | |
Spire Global (NYSE: SPIR) emerged as an AI winner during Nvidia Corporation's (NASDAQ: NVDA) GTC developer conference. The conference was a name-dropping event as much as anything, with Nvidia CEO Jenson Huang mentioning numerous critical players in AI. The news for Spire Global is a collaboration... Read the Full Story |
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From Our Partners | | Jensen Huang says AI can't scale without it. Google Ventures calls it the future of AI compute. Sequoia Capital - the firm behind Anthropic and OpenAI - calls it a 'holy grail.' It's smaller than a fingertip and made of glass.
Wall Street insider Jason Bodner - who called Nvidia at $4.50 - believes this 'light-speed' device could be bigger for AI than GPUs and is about to launch a new wave of winners. He's sharing his number one stock pick tied to it at no cost. | | Click here to get Jason Bodner's top pick for free |
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Finance | |
Hopping on the next market trend is easier said than done. However, there is one simple and logical way to find the next winning sector in the market. By tracking exchange-traded fund (ETF) activity, you can spot the shifting money tides before the opportunity has passed you by.
Because the Unit... Read the Full Story |
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Auto/Tires/Trucks | |
Nio Inc. (NYSE: NIO) stock price has trended steadily lower since the EV bubble burst, and it is on track to set new lows. The latest earnings release reveals the continued dominance of the Chinese EV market at the cost of investor value. The company is improving its margins but has yet to produce... Read the Full Story |
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From Our Partners | | This feels like one of those ''where were you when Kennedy was shot'' moments. It felt like a moment in time, but that single shot started an avalanche of investigations, accusations, and conspiracy theories.
That's what you just witnessed with the death of the Ayatolla Khamenei.
Because the strikes proved how fragile things can get: billions could be lost. Seniors and the vulnerable put at risk. | | So to make it easy, Get the 2026 Retirement Survival Guide. Plain-English, step-by-step |
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Consumer Staples | |
Strength in Ollie’s Bargain Outlet (NASDAQ: OLLI) results, including market-leading growth and broader margins, suggests this stock is a buy on post-release weakness. Nothing in the report was bad, but strength was expected, so a sell-the-news event caused a marginal reduction in the price. ... Read the Full Story |
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Retail/Wholesale | |
Shares of Chipotle Mexican Grill Inc. (NYSE: CMG) shot up nearly 6% in after-hours and pre-market trading after the company announced that its Board of Directors had approved a 50-for-1 stock split. The split must still receive shareholder approval.
The company will formally ask shareholders to... Read the Full Story |
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From Our Partners | | Hedge funds are rotating out of AI hype and into the hardware layer powering it. New research identifies three profitable U.S. infrastructure companies leading this shift.
One just posted 76% year-over-year data-center growth. Another holds a $12 billion backlog from global hyperscalers. A third is generating 59%+ gross margins on next-gen chips. | | Access the full analysis, price setups, and catalysts now |
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Consumer Staples | |
General Mills (NYSE: GIS) stock made a hasty retreat in 2023 as peak inflation, growth and margin fears undercut the market, but now a complete reversal is in play. The company’s FQ3 results are better than expected, highlighting the deep-value, high-yield opportunity it presents. General Mi... Read the Full Story |
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Technology | |
While the rest of the stock market has been cruising toward highs in recent weeks, a handful of stocks have seen their fortunes diverge violently. That includes tech stocks, which, on the whole, have been outperforming all others as expectations rise for an interest rate cut.
Take Snowflake Inc ... Read the Full Story |
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Finance | |
Watch for a dip buying opportunity in PDD Holdings Inc. (NASDAQ: PDD) as China’s economy blows past expectations this quarter. Analysts may see their hands forced to boost their current price targets when they compare PDD and peers like Alibaba Group (NYSE: BABA) and JD.com Inc. (NASDAQ: JD)... Read the Full Story |
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Technology | | Value is where you find it, and there is value among AI stocks. This is a look at five AI stocks with value for investors yet to be unlocked. Total tech spending may not increase much this year, but spending will be focused on AI, and AI is accelerating. NVIDIA (NASDAQ: NVDA) CEO Jenson Huang said i... Read the Full Story |
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Markets | |
The financial sector and the popular sector ETF Financial Select Sector Fund (NYSE: XLF) continue to demonstrate impressive momentum as we progress into 2024. Much like its stellar performance in the latter part of 2023, the XLF has maintained its upward trajectory, showcasing remarkable resilienc... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Wheels Up Experience Inc. provides private aviation services in the United States and internationally. The company offers Wheels Up Membership program that consists of two primary membership categories, such as Individual membership for individual and business fliers; and UP for Business membership consists of small and medium enterprise, and custom enterprise solutions for business fliers that tend to spend at higher levels. Its Wheels Up Charter provides charter flight services for passenger groups, sports teams, global corporate events, and tour operations, as well as global passenger, cargo, emergency, and government services. In addition, the company offers wholesale charter services; group charter and cargo flights; maintenance, repair, and operations services; fixed-base operator services; safety and security services; and government, defense, emergency, and medical transport missions. It serves individuals, small and medium enterprises, and corporate customers. As of December 31, 2024, the company operated a fleet of 154 owned and leased aircraft. Wheels Up Experience Inc. was founded in 2013 and is headquartered in Chamblee, Georgia. | | View Today's Stock Pick |
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