Good MorningEquity markets pulled back for the third day on Thursday as traders braced for today's PCE inflation report. The PCE price index is the Fed's favored gauge of consumer inflation and is expected to be hot. The consensus estimates have the figure pulling back slightly compared to last month but still running well above the target 2.0% rate. The data should align with the idea that the FOMC will cut rates but not that it will soon. Investors should expect the Fed to keep policy as-is until late this year, if not into 2025.
The question is, what will the market do? The market has been rallying on economic resilience and S&P 500 earnings growth and may continue higher regardless of the data. In this scenario, the causes of high inflation and high interest rates will persist and could lead to stagflation. However, a firm indication that no rates are coming soon could cause the market to reset the outlook for this year and next year's earnings growth and reset the S&P 500 valuation along with it. Results from names like Salesforce, which included slowing growth and tepid guidance, helped set the market up for a large contraction. Featured: Trump's New Dollar (Ad) 
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Medical | |
Brand-name drug costs continue to climb, but patients and insurers find respite by migrating to generic or biosimilar versions as patents run out. Generics are loved by health insurers, Medicare, and patients as they contain the same compounds and active ingredients for a cheaper price. Politician... Read the Full Story |
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Manufacturing | |
Pure Storage Inc. (NYSE: PSTG) delivered a stellar first-quarter earnings report after the market closed on May 29, 2024. Not surprisingly, PSTG stock was up more than 2% the day after the report, and analysts are quickly expressing a bullish sentiment that may drive the stock even higher.
In... Read the Full Story |
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Medical | |
As the overall market trades just 1.5% away from its all-time high and up over 4% on the month, there has been a noticeable increase in risk appetite and speculation in small-cap penny stocks by retail investors. This surge in interest follows the meme mania experienced earlier in the month. Howev... Read the Full Story |
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From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
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Technology | | Salesforce (NYSE: CRM) stock went on sale following the Q1 release, providing investors a once-in-a-lifetime opportunity. It is not every day that a high-quality, industry-leading, blue-chip stock on track to deliver robust capital returns provides a 25% discount, so it likely won’t last long.... Read the Full Story |
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Medical | |
Smart for Life (NASDAQ: SMFL) shares are surging and could continue to increase, but there is no good reason to buy them unless you are a short-seller closing out a position and getting ready to reposition for the next leg lower. The news surrounding this penny stock is a bottomless pit of reasons... Read the Full Story |
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From Our Partners | | We develop tools and strategies to the best of our ability, but we can't guarantee the future. There is always a risk of loss when trading. Past Performance is not indicative of future results. Between 10/30/23 - 4/2/2026, the win rate is 94.5%, the average return is 11.9% (including winners and losers), and the average hold time is less than 24 hours. | | Access the free day trading rules and criteria right now |
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Markets | |
The world's largest cinema operator, AMC Entertainment Holdings Inc. (NYSE: AMC), has already had a rollercoaster year, spiking over 300% in a matter of days in May 2024. The meme stock resurgence led by GameStop Co. (NYSE: GME) quickly came and went. AMC shares have fallen back down to support le... Read the Full Story |
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Transportation | |
A 13% drop in a single session is the stuff of nightmares for most companies, and American Airlines Group Inc (NASDAQ: AAL) is no different. That happened in Wednesday’s session, as the major carrier gave up effectively all its gains since last November. For context, at one point in March, A... Read the Full Story |
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Consumer Discretionary | |
It’s been an unusual month for shares of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH). Despite beating analyst expectations for its earnings at the start of the month and logging its highest number of bookings ever, the stock gave up all the gains it had made since December. Considering t... Read the Full Story |
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Aerospace | |
As summer trading begins and volumes dwindle, the overall market has climbed nearly 11% year to date (YTD), with the SPY ETF just 1% off its all-time high. Leading the charge is NVIDIA Corp. (NASDAQ: NVDA), the market's hero, now up 130% YTD and 20% over the previous week following a blowout earn... Read the Full Story |
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Business Services | |
GigaCloud Technology Inc. (NASDAQ: GCT) provides global end-to-end business-to-business (B2B) cross-border e-commerce solutions for large parcel merchandise. Its GigaCloud Marketplace platform enables product discovery to payments and logistics services connecting Asian manufacturers to resellers ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States. | | View Today's Stock Pick |
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