Good MorningEquity markets advanced to set another new high last week, but there is risk. The narrow market breadth, with leadership centered on only a few names. Names like NVIDIA, Amazon, and Meta are doing most of the work and have the market set up to fall should they falter. The S&P is well above its nearest support target and could shed 5% to 10% quickly.
The risk for bears is underlying economic strength. A stock market correction is due but also needed. A pullback would allow participants to take profits and reposition for the year's 2nd half, which is expected to be robust. The consensus for earnings growth is near 14% and should lead the S&P 500 to set new highs periodically, assuming no change in the economic outlook. The FOMC may not cut rates as soon as expected, but if so, it is because of economic resilience, as seen in the non-farm payroll report. The NFP shows solid job creation, low unemployment, and wage gains to drive demand and consumer spending. Featured: The ONE AI Stock to own now. (It’s not Nvidia.) (Weiss Ratings) |
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The return of internet stock guru Roaring Kitty (Keith Gill) sparked a meme stock resurgence once again led by retail/wholesale sector stock GameStop Co. (NYSE: GME). Roaring Kitty gained fame in 2021, helping spark the short squeeze on GameStop shares that blew out several hedge funds in the proc... Read the Full Story |
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The so-called ‘meme stocks’ recently returned in the past few months. As some investors thought this round would repeat what happened in 2021, that would be a sorely mistaken assumption. Today’s market is anything but similar to its 2021 cousin, starting with interest rates over ... Read the Full Story |
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Stocks | | They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good Read the Full Story |
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Over the past 2 years, markets have lent the lion’s share of their attention to technology stocks, particularly those exposed to the rising trends in artificial intelligence and semiconductor manufacturing. However, over the past few quarters, markets have given stocks like Nvidia Co. (NASDA... Read the Full Story |
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The recent FDA approval of RYTELO™ (imetelstat) has propelled Geron Corporation (NASDAQ: GERN) into the spotlight, sparking a surge in Geron’s stock price and attracting heightened attention from investors seeking opportunities within the healthcare sector and biotech sector. This mo... Read the Full Story |
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From Our PartnersCould Elon's New Device be Bigger than the iPhone?
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Markets | | Mexico’s outgoing president pledged Friday to press ahead with j udicial reforms despite nervousness among investors and suggestions from his own handpicked successor that he should go slow. President Andrés Manuel López Obrador said he would pursue 20 constitutional changes after his Morena party w... Read the Full Story |
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Markets | | Stocks slipped and Treasury yields rose sharply Friday after the government released a jobs report whose headline numbers came in hotter than expected.Overall, the report suggests markets may have to wait even longer for interest rate cuts from the Federal Reserve. The S&P 500 fell 5.97 points, ... Read the Full Story |
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Markets | | The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.The revision was due to private sector investments, at minus 0.4%, up from the previous minus 0.5%.Sea... Read the Full Story |
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Markets | | Norway's sovereign wealth fund operated by Norges Bank Investment Management said Saturday it will vote against Elon Musk's hefty CEO compensation package during Tesla's annual meeting on Thursday.It's the latest pushback over the size of the pay package, which was recently valued by the company at ... Read the Full Story |
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GameStop (NYSE: GME) shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating. The takeaways from the Q1 report... Read the Full Story |
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Monday's Early Bird Stock Of The Day Workday, Inc. provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations. It also provides spend management solutions that help organizations to streamline supplier selection and contracts, manage indirect spend, and build and execute sourcing events, such as requests for proposals; expense management solutions to submit and approve expenses; and a suite of human capital management applications that enables HR teams to hire, onboard, pay, develop, reskill, and provide employee experiences. In addition, the company offers planning applications; and applications for analytics and reporting comprising augmented analytics to surface insights to the line of business in simple-to-understand stories, machine learning to drive efficiency and automation, and benchmarks to compare performance against other companies. Further, it provides supply chain and inventory solutions to healthcare organizations; solutions to manage the end-to-end student and faculty lifecycle; and Workday Extend for customers and their developers to build custom applications. It serves professional and business services, financial services, healthcare, education, government, technology, media, retail, and hospitality industries. The company was formerly known as North Tahoe Power Tools, Inc. and changed its name to Workday, Inc. in July 2005. Workday, Inc. was incorporated in 2005 and is headquartered in Pleasanton, California. | View Today's Stock Pick |
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