Good MorningEquity markets started the week on uncertain footing, hugging break even most of the day and closing the session with a small loss. Friday's labor market report confirmed that the US economic condition is still good and that consumers are working and earning more than ever. The bad news is that resilient labor market conditions and broad economic health do not indicate a need to cut interest rates, which raises a question of when the first cuts will come. The CME FedWatch Tool reveals diminishing hope for a summer cut and growing concern there will be no FOMC interest rate cuts this year.
The risk for this week is inflation. The market will get a triple-dose of inflation data, including the Import Price, Producer Price, and Consumer Price Indices. The indices are expected to show persistently high inflation across the board, which may lead the market to reduce its already diminished outlook for FOMC action. The takeaway is that the market expects an economic shift in the back half of the year that is slowing being priced out of equities. Whether or not the S&P 500 can continue to rally depends on the economy and the consumer. Featured: Two Legends Issue Rare Buy Alert on Elon Musk Supplier (Ad) 
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Construction | |
MarketBeat's many investor tools include analysts' rankings and sentiment trackers. These tools help investors and traders gauge market sentiment, showing trends and changes, updated revisions, and new reports. But which analysts do best? Why does it matter? It matters because the analysts with th... Read the Full Story |
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We track early shifts in volume, structure, and emerging trends as they begin to form.
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Technology | |
BlackBerry Ltd (NYSE: BB) was once the leader in the smartphone segment in the mid-2000s when they were known as Research In Motion. Their BlackBerry smartphones had built-in physical keyboards and a trackball utilizing SMS technology. Its users could be identified by clicking away at the tiny key... Read the Full Story |
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Medical | |
Altimmune Inc. (NASDAQ: ALT) is a clinical-stage biotechnology company specializing in treating liver disease and obesity. Their lead drug, Pemvidutide, has garnered much attention as a GLP-1/glucagon dual agonist similar to the weight-loss treatments Mounjaro and Zepbound by Eli Lilly and Co. (N... Read the Full Story |
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From Our Partners | | A top Wall Street adviser is warning of a new threat 62 times bigger than the Great Depression - one that Bloomberg says is already 'wreaking havoc' across the country.
It could wipe $33 trillion from the market and impact 67 million Americans. Major CEOs including Sam Altman are reportedly seeking help, and it has nothing to do with interest rates, the Fed, or geopolitical conflict. | | See what you can do right now to defend your portfolio |
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Medical | |
On April 5, 2024, Johnson & Johnson (NYSE: JNJ) announced its intent to acquire Shockwave Medical Inc. (NASDAQ: SWAV) for $13.1 billion. Under the terms of the proposed deal, JNJ will pay $335 per share, which is a 4.75% premium compared to Shockwave's closing price on April 4, 2024. As of mid... Read the Full Story |
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Consumer Discretionary | |
Insider buying is good. It shows management’s confidence in a business, helping to support investor sentiment, and no insider is more significant than the CEO. Who else is as up-to-date on a business's health and outlook as the person in charge? This is a list of the five most significant CE... Read the Full Story |
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From Our Partners | | Luke Lango - who helped readers find AMD before a 13,500% rise and Nvidia before 5,000% - says Elon Musk is now targeting the biggest industry of his career, one he has pursued for 27 years.
More than $1 billion is already moving because of what Musk is doing. Lango has identified the stocks he believes are best positioned to benefit as this plays out. | | See Lango's full research and the stocks he's watching now |
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Retail/Wholesale | |
Markets are preparing for the coming interest rate cycle proposed by the Federal Reserve (the Fed). Though most sectors have priced in this potential pivot, some have yet to reflect this trend higher. Over the past six months, the Consumer Discretionary Select Sector SPDR Fund (NYSEARCA: XLY) unde... Read the Full Story |
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Retail/Wholesale | |
It's been a funny couple of months for shares of Apple Inc (NASDAQ: AAPL). Traditionally, one of the market leaders who you could nearly bet would be moving in lock-step with the likes of Meta Platforms (NASDAQ: META) or Amazon.com Inc (NASDAQ: AMZN), this year has seen the iPhone maker's fortunes... Read the Full Story |
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Energy | |
The energy market has been ablaze with activity this year, particularly in crude oil. Witnessing a remarkable ascent, the WTI crude oil futures, America's primary oil price benchmark, have soared from almost $70 a barrel at the onset of the year to nearly $90 a barrel in recent times, up 23% year-... Read the Full Story |
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Markets | |
Cannabis legalization is making headlines again. On April 1, 2024, Germany is the latest nation to legalize or, to be more specific, decriminalize cannabis for recreational and medical use. Canada has been one of the first nations to decriminalize cannabis widely and is one of the largest markets ... Read the Full Story |
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Financial Services | |
The swing is coming in this next market cycle. While markets may have priced in potential interest rate cuts from the Federal Reserve (the Fed), some stocks have yet to reach their full potential.
Technology stocks took the lion’s share of bullish momentum, with names like Nvidia Co. (NASDA... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. The company also provides financial services, such as insurance products and title services, as well as mortgage banking services, including residential consumer mortgage loans to homebuyers. It has operations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is based in Los Angeles, California. | | View Today's Stock Pick |
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