Good MorningEquity markets surged to new highs on Wednesday, but the move was cut short later in the day. The early rise was driven by a cooler-than-expected CPI release that led the market to believe the FOMC will be lenient later this year. The move was cut short by the FOMC policy statement, which unequivocally stated that there would only be one interest rate cut this year. While the CPI data is good, it is only a single month of data after months of little to no movement, and the CPI is not the Fed's preferred gauge. The takeaway from the policy statement is that inflation has moderated but is still elevated, and a sustained movement closer to 2% is needed. Based on the trends and new Fed dot-plot data, the FOMC may back off this stance later this year and not cut rates until early 2025.
The S&P 500 set a new high and may continue higher despite the latest twist in the FOMC outlook. High inflation and interest rates are negative for the market, but the underlying cause is economic growth. In this situation, inflation and rates are a worry but insufficient to cause a major stock market correction without a change in the earnings outlook. The S&P 500 is expected to accelerate earnings growth sequentially through year's end and year-over-year this year and next and will likely continue trending higher until that changes. Featured: Stockton tried it. Denver tried it. Austin tried it. Alaska perfected it. (Ad) 
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Technology | |
After reporting the year's first quarter results, Autodesk Inc. shares (NASDAQ: ADSK) are trading lower by over 3% to end the day. However, the company's financial results are far from those that would warrant such price action, and Wall Street analysts have noticed this fact.
Outside of the po... Read the Full Story |
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From Our Partners | | Vincere runs 12 uncorrelated automated algorithms that target returns from market movement, not direction. Since January 2020, the system has posted positive returns during every major drawdown.
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Technology | |
An AI-driven bubble is forming in Oracle’s (NYSE: ORCL) shares, which is only getting bigger. The FQ4 release highlights a supply-demand situation in which demand outpaces supply, and Oracle invests to meet the need. Demand and budding partnerships with major cloud providers such as Microsof... Read the Full Story |
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Industrials | |
Danaos Corp. (NYSE: DAC) is a leader in the global container shipping industry. The company specializes in operating dry bulk and container vessels. Danaos owns and operates its fleet of container vessels but also maintains a smaller fleet of dry bulk vessels to transport bulk commodities like coa... Read the Full Story |
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From Our Partners | | The Department of Justice recently argued in court that cash isn't property - a claim that could reshape how much control you actually have over the money in your bank account.
If your balance isn't legally guaranteed to be yours, who really controls it? Three strategies may help you prepare before any restrictions take hold. | | Download the free guide to help protect your bank savings today |
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Technology | |
The Reddit community WallStreetBets is synonymous with the meme stock movement. A distinguishing feature of this online community is its members' preference for stocks that have a high short-selling risk. The community's founder, Jaime Rogozinski, has said his goal was to build a community "for pe... Read the Full Story |
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Technology | |
Dividends are a leading reason to buy a stock because the stock pays you to own it. Growing dividend distributions are more valuable than those that aren’t; by extension, distributions growing faster than average are even more valuable. Or so goes the theory. This is a look at the four S&... Read the Full Story |
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From Our Partners | | Regular investors rarely make money on IPO day. The real winners are insiders, founders and big banks who invested long before the company ever went public.
Michael Robinson, Director of Tech Strategies at Weiss Ratings, says there's a way to see what could be the biggest AI IPO in history before it hits the market.
This kind of early access is normally reserved for elite insiders. Robinson's research points to one opportunity worth a closer look now. | | Click here to learn how to access this AI IPO before it goes public |
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Technology | |
Samsara Inc. (NYSE: IOT) is a leading industrial Internet of Things (IoT) provider offering hardware, software, and cloud platforms complete with data analysis tools as a one-stop shop. Samsara caters to a number of industries ranging from construction, logistics, utilities, field services, educ... Read the Full Story |
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Consumer Discretionary | |
Destination-focused luxury cruise operator Viking Holdings Ltd. (NYSE: VIK) went public through a $1.8 billion initial public offering (IPO) on May 1, 2024. It was priced at $24 and hasn’t looked back since the IPO. Shares have continued to rise as the company reported its first earnings r... Read the Full Story |
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Technology | |
Apple (NASDAQ: AAPL) has long been synonymous with innovation and market dominance in the technology sector. Yet, recent weeks have seen Apple’s stock price go on a rollercoaster ride, leaving investors and Apple’s analyst community scrutinizing its every move. This volatility stems ... Read the Full Story |
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Markets | | Too much of a good thing can be dangerous, even in the stock markets. While markets often crave liquidity, especially in times of trouble, too much liquidity can create problems. A liquidity trap is a situation where the tools of central banks lose effectiveness as the money supply grows and demand ... Read the Full Story |
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Energy | |
Dividend stocks are among the most attractive on Wall Street because they pay you to own them. However, not all dividend stocks are equal, so it takes more than a distribution and some attractive metrics to make them a good buy. This is a look at three dividend stocks that also get high ratings fr... Read the Full Story |
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Thursday's Early Bird Stock Of The Day 2U, Inc. operates as an online education platform company in the United States and internationally. The company operates through two segments, Degree Program and Alternative Credential. The Degree Program segment provides the technology and services to nonprofit colleges and universities to enable the online delivery of degree programs. This segment targets students seeking an undergraduate or graduate degree. The Alternative Credential segment offers online open courses, executive education programs, technical, skills-based boot camps, and micro-credential programs through nonprofit colleges and universities, and other organizations. This segment targets students seeking to reskill or upskill for career or personal development through shorter duration and lower-priced offerings. It provides a platform that provides technology and technology-enabled services; and edX.org, a marketplace that allows to access various catalog of online offerings, which include free offerings and graduate degrees. The company was formerly known as 2Tor Inc. and changed its name to 2U, Inc. in October 2012. 2U, Inc. was incorporated in 2008 and is headquartered in Lanham, Maryland. | | View Today's Stock Pick |
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