Good MorningEquity markets sold off last week as fears of inflation began to grip the market. The fear, spurred to new heights by the CPI data, is that inflation will not allow a rate cut this summer and possibly this year. In the new scenario, the FOMC will prolong the period of higher for longer, raising the risk of an economic recession. The risk of recession was highlighted by the CEO letter to shareholders from Jamie Dimon, which fingered government spending as a leading contributor.
The S&P 500 fell more than 1.5% for the week to set a new 1-month low. The sell-off is entering its 3rd week and may accelerate, given the risks. The question for investors is if it's time to Sell-in-May and go away or stick it out in hopes of higher index prices. Because the VIX spiked 25% and sustained the gains through the end of Friday's session, investors should expect volatility in the days, weeks, and months ahead. In this scenario, the S&P 500 may end the year higher but could correct deeply before rebounding to the new high. Featured: Help avoid these 13 retirement mistakes before they derail your future (Ad) 
|
Communication Services | | Video games have come a long way since the Atari 2600 era. The advent of gaming engines like Unreal Engine and Unity Software Inc. (NYSE: U) have enabled independent studios and publishers to have unlimited possibilities for creating ever more realistic games. The popularity of esports and live serv... Read the Full Story |
|
From Our Partners | | Anthropic could go public as soon as October 1, sparking what Harvard calls The AI IPO Tsunami - a tech shift worth an estimated 4 trillion dollars.
Jason Bodner, founder of Outlier Alpha, says three overlooked stocks stand ready to capture this trend as the IPO wave builds momentum across Wall Street.
Investors watching the AI sector may want to see how these picks fit into the bigger picture before October 1 arrives. | | See Jason Bodner's full presentation on these three overlooked AI stocks now. |
|
Technology | |
The global financial markets are like a machine, and each asset class acts as a cog that twists and turns each cycle. Today, there are a few key trends that investors should be aware of before the quarter ends to help them consider the best themes for growing their wealth.
Each step of the mach... Read the Full Story |
|
Markets | |
Whatever clients at Wall Street’s most prominent investment houses are doing, retail investors can get a glimpse and attempt to follow behind them as long as the reasoning makes sense. This week, investors get an inside look into BlackRock Inc. (NYSE: BLK) and what this firm is advising its ... Read the Full Story |
|
From Our Partners | | The Misery Index - inflation plus unemployment - just climbed to a three-year high, marking four straight months of increases.
The last time this number surged like this, in 1980, gold hit 850 dollars an ounce, a record that stood for 28 years while markets and banks were caught off guard. | | See the asset that made history the last time this number rose |
|
Finance | |
There's no denying that equities are a strong market right now. The benchmark S&P 500 index has been powering to high after high since before Christmas, and there are increasing signs of the Fed beating inflation.
With such a risk-on sentiment sweeping markets, many stocks that did so before... Read the Full Story |
|
Materials | |
Of the few significant trends driving investor—and Wall Street—interest today is the race for electric vehicle (E.V.) domination. Like technology stocks in their own race for artificial intelligence (AI) breakthroughs, investors need to be extra picky about which names to back and why.... Read the Full Story |
|
From Our Partners | | A leading AI pioneer has spent $17 million on AI research and tools since 2022, building a platform now used by 180,000 people worldwide.
His firm's tools have reportedly forecasted major downturns in 2000, 2008, and 2020 through extensive backtesting, and he now says many investors hold the wrong stocks heading into the next market phase. | | See the full market warning and research details here |
|
Technology | |
Amidst the recent correction and pullback across the semiconductor sector, a sector that has long been a powerhouse driving market growth, investors find themselves at a pivotal juncture. After a period of remarkable performance both year-to-date and over the previous year, the sector has encounte... Read the Full Story |
|
Finance | |
JPMorgan Chase & Company’s (NYSE: JPM) firmwide metrics are good, but details within the consumer business show the impact of tighter credit, pinched wallets, and the first cracks in the consumer outlook. The company’s tier 1 ratio and balance sheet are sound; JPMorgan reports more... Read the Full Story |
|
Consumer Discretionary | |
Furniture stocks The Lovesac Company (NASDAQ: LOVE) and Hooker Furnishings (NASDAQ: HOFT) are lower following their Q4 reports opening a buy-the-dip opportunity. Near-term headwinds hamper these stocks, but they are rapidly improving their operational quality and building leverage for a rebound ex... Read the Full Story |
|
Technology | |
When you're bullish on a stock and expect it to move higher, your initial impulse may be to play the stock options and buy a long call contract. There's nothing wrong with that if you believe a rapid price spike will happen in a relatively short period of time. Remember that Theta (time decay) wor... Read the Full Story |
|
Consumer Discretionary | |
CarMax, Inc. (NYSE: KMX) shares are down a solid 10% following a weak Q4 earrings report and a revision in the long-term guidance. The company didn't lower its sales targets. Still, it extended the time frame to reach it, citing uncertain conditions, the impact of higher prices and interest rates,... Read the Full Story |
|
Monday'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 |
|
