Good MorningEquity markets began the week on uncertain footing, wobbling at the previous week's close and advancing a slim 0.3% on Monday. The move reveals a hopeful market focused on earnings yet harboring doubt about the FOMC and inflation. The FOMC is meeting this week and is expected to unveil its next policy statement on Wednesday. The fear is that the next move in interest may not come until later in the year. Last week's PCE price index did not give any reason to cut rates, leaving the door open for inflation to accelerate.
The S&P 500 is poised to move higher and may advance regardless of changes in the FOMC outlook. Earnings are still solid and may return the market to retest all-time highs. The risk is that all-time highs may provide an attractive exit for investors fearful of what the 2nd half will bring. The S&P 500 will be capped at all-time highs with the risk of another, larger price correction in this scenario. Featured: The DOJ Just Paved the Way for Account Seizures (Ad) 
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Microsoft Corp (NASDAQ: MSFT) began 2024 as the world’s only $3 trillion company thanks to a significant stock price jump during the recent AI-infused bull run. Now approaching its 50th anniversary, Microsoft is still one of the market’s most important stocks, and countless businesses ... Read the Full Story |
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From Our Partners | | Jeff Brown recently traveled to a ghost town in the middle of an American desert…
To investigate what could be the biggest technology story of this decade.
In short, he believes what he's holding in his hand is the key to the $100 trillion AI boom…
And only one company here in the U.S. can mine this obscure metal. | | Click here to get the details on this virtual monopoly. |
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The credit cycle tends to bring extreme highs and lows for stocks. When the COVID-19 pandemic peaked in late 2020 and early 2021, the Federal Reserve (the Fed) was forced to drop interest rates to near zero, accommodating the credit markets for more accessible financing and boosting the business c... Read the Full Story |
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The price action in Chipotle Mexican Grill (NYSE: CMG) has been smoking hot, and it is not over yet. The 1100% gain posted since 2017 is the tip of the iceberg for this fast-growing, fast-casual restaurant that is gaining leverage and on the brink of an international expansion.
You might sa... Read the Full Story |
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From Our Partners | | A little-known regulation quietly goes into effect this July.
And it's already being exploited by Wall Street and the Big Banks…
It gives them the green light to treat a certain tangible asset as equivalent to cold, hard cash.
Not stocks. Not real estate. And definitely not the U.S. dollar.
We're talking about something they don't want you to notice — because the fewer people who act on this, the better it is for them. | | To help you get started, we're giving away a FREE Wealth Protection Guide that shows you exactly how |
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SoFi Technologies Inc. (NASDAQ: SOFI) posted solid first quarter numbers and raised its full-year 2024 guidance. But you wouldn't know that by looking at SOFI stock. After its quarterly earnings report, the fintech company's stock is down 8.3% in early trading.
What immediately comes to min... Read the Full Story |
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Markets | | | Asian shares mostly rose Tuesday, as investors kept their eyes on potentially market-moving reports expected later this week.Japan's benchmark Nikkei 225 jumped 1.3% to 38,442.28 in early trading, coming back from a national holiday. Sydney's S&P/ASX 200 rose 0.3% to 7,658.20. South Korea's Kosp... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
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onsemi’s (NASDAQ: ON) stock price corrected significantly over the last year, setting up today's opportunity. Today's opportunity is a rebound in an oversold name with a solid outlook for long-term growth. The chart action confirms support; the analysts are leading the market, and the Q1 res... Read the Full Story |
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Markets | | | Some of the world's wildest action in financial markets is roiling around the Japanese yen.The value of Japan's currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar. The yen has been so weak that it's b... Read the Full Story |
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Markets | | | It's not easy to break into the U.S. airline industry, which is dominated by four big carriers and a sprinkling of other niche players, but that didn't scare away Andrew Levy.Neither did a pandemic that briefly caused air travel to plummet more than 90%.In April 2021, while COVID-19 still raged and ... Read the Full Story |
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Markets | | | Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips Read the Full Story |
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Markets | | | Mexico's taking control of its oil sector from U.S. and British companies is taught in schools and celebrated every year. The 1938 nationalization is a point of pride for millions of Mexicans including President Andrés Manuel López Obrador.The popular president hails from the Mexican oil industry’s ... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications. The company also provides enterprise HDDs; enterprise SSDs consisting of flash-based SSDs and software solutions for use in enterprise servers, online transactions, data analysis, and other enterprise applications; and data storage platforms. In addition, it offers external HDD storage products in mobile and desktop form; client portable SSDs; removable cards that are used in consumer devices comprising mobile phones, tablets, imaging systems, and cameras and smart video systems; universal serial bus flash drives for use in the computing and consumer markets; and wireless drive products used in-field backup of created content, as well as wireless streaming of high-definition movies, photos, music, and documents to tablets, smartphones, and PCs. The company sells its products under the Western Digital, SanDisk, and WD brands to original equipment manufacturers, distributors, dealers, resellers, and retailers. Western Digital Corporation was founded in 1970 and is headquartered in San Jose, California. | | View Today's Stock Pick |
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