Good MorningEquity markets wobbled in the prior week as investors and traders began to price in the idea that the FOMC would not cut rates this summer. Although inflation is tracking lower, it isn't slowing sufficiently to allow the Fed to loosen policy without the risk of reacceleration. Because the labor market data is solid, it is unlikely the Fed will cut until later this year, if at all, and there are other risks to inflation. Oil prices are rising steadily and will underpin prices throughout the economic system.
The S&P 500 rebounded on Friday but did not recover the week's losses. The candle formation is bearish and shows a peak in the price action. Due to the underlying economic strength, the market could enter a consolidation and rally to new highs later in the year, but it may also enter a correction. The market is up substantially for the year and well above the moving averages, so it is set up to fall on profit-taking. Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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The S&P 500 was up more than 10% in the first 3 months of 2024, soaring to new all-time highs on the back of a recovering economy and artificial intelligence excitement. With a new bull market following 2022’s lengthy decline, investor and consumer sentiment is trending upward. With inte... Read the Full Story |
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High short interest is a recipe for sharp stock price movements, and when the shorts are getting squeezed, the movements can be the sharpest. The stocks on this list are not only high-short interest stocks with upward price pressure; they are among the most shorted stocks listed on Marketbeat&rsqu... Read the Full Story |
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Cal-Maine Foods Inc. (NASDAQ: CALM) is the largest and leading producer and distributor of fresh shell eggs in the United States, with a 19% market share. Shareholders are rejoicing over its strong fiscal Q3 2024 earnings report and special $1.00 dividend. The company has staged a solid turnaround... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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Markets | | | U.S. Treasury Secretary Janet Yellen says upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing’s economic model and trade practices put American companies and workers at an unfair competitive disadvantage Read the Full Story |
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Krispy Kreme Inc. (NASDAQ: DNUT) is world famous for its glazed donuts which can be purchased fresh through its store locations or grocery stores and kiosks. Shares of the retail/wholesale sector company skyrocketed 39% higher on news of its sweet partnership with fast food giant McDonald's Co. (N... Read the Full Story |
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Markets | | | Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, would-be homeowners — pretty much everyone — began obsessing over a single question: When will the Fed start cutting rates Read the Full Story |
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Markets | | | Southest Asian finance ministers and central bank governors have ended meetings in the Laotian city of Luang Prabang citing progress in building stronger regional institutions, but also noting serious challenges due to geopolitical tensions and volatile commodity prices Read the Full Story |
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The homebuilding industry, which is part of the construction sector, is known for its cyclical nature, with companies experiencing dramatic rises and falls in tandem with the housing market. Within this volatile sector, Beazer Homes USA’s (NYSE: BZH) story stands out as a compelling example ... Read the Full Story |
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Markets | | | The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarizatio... Read the Full Story |
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Markets | | | The head of the Environmental Protection Agency on Friday defended a new $20 billion federal “green bank” program, saying it will finance a variety of projects to create low-carbon solutions to combat climate change, including in disadvantaged communities that are most affected by pollution.The mone... Read the Full Story |
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Monday's Early Bird Stock Of The Day PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds. The company offers its products under its own brands, such as TOMMY HILFIGER, TOMMY JEANS, Calvin Klein, CK Calvin Klein, Calvin Klein Jeans, Calvin Klein Underwear, and Calvin Klein Performance, as well as various other owned, licensed, and private label brands. It distributes its products at wholesale in department, chain, and specialty stores; through warehouse clubs, mass market, and off-price and independent retailers; and through company-operated full-price, outlet stores, and concession locations; and through digital commerce sites. PVH Corp. was founded in 1881 and is based in New York, New York. | | View Today's Stock Pick |
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