Good MorningThe S&P 500 continues to drift near all-time highs. The market is waiting for the next read on inflation, which is due Friday. The data, the PCE price index, is expected to show inflation cooling, but there is risk in the numbers. Even with a modest decline, the PCE will remain well above the Fed's target rate, leaving them with little cause to lower interest rates soon.
The S&P 500 is 1.8% above the 30-day moving average, 3% above the nearest target for firm support, and nearly 10% above critical support, putting it in a precarious position. The market position and divergent and weakening indicators suggest the market is ready to sell. In this scenario, a good PCE report may not be enough to keep the index advancing, but the news has a silver lining. The outlook for earnings growth drives the market higher, not interest rates or inflation; so long as that remains positive, a summer correction will be an excellent time to buy quality stocks. Featured: The dollar just broke (Ad) 
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Transportation | |
Stock market trends come in many forms, but this article will focus on the price trend. A trend is a general direction in which something develops; in the case of investing, the upward price trend is essential. Like they say, it pays to trade with your friend; the trend is your friend. This articl... Read the Full Story |
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From Our Partners | | Yahoo Finance reports this technology 'May Unlock $400 Trillion' - and Bloomberg calls it 'unavoidable.' Elon Musk has been quietly doubling down on it, even attempting to deploy it during his time at DOGE before being shut down.
Investing legend Jeff Brown - who identified Bitcoin, Tesla, and Nvidia early - has spent six years analyzing this sector he calls 'W.T.E.' He believes it could be 90 times bigger than AI and 1,900 times bigger than Bitcoin. | | Click here to see Jeff Brown's full breakdown and how to invest |
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Consumer Staples | |
The U.S. consumer is going through one of the most significant constraints in the economy of all its fast food with the growing burning hole at the bottom of their pockets. With fast food being higher than the Federal Reserve’s (the Fed) goal of 2%, employees at work won’t do it anymor... Read the Full Story |
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Consumer Staples | |
General Mills (NYSE: GIS) is the global food manufacturing sector giant known for iconic brands like Cheerios, Yoplait, Pillsbury, and Blue Buffalo. General Mills' earnings report for the fourth quarter and full-year fiscal 2024 revealed a disappointing performance, which sent General Mills' sto... Read the Full Story |
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From Our Partners | | Looking for better stock ideas? Sign-up to receive The Early Bird Stock of the Day. Each day, MarketBeat's team of expert research analysts identifies one compelling stock and provides both a bull case and a bear case for each company. | | Get The Early Bird's Stock of the Day (Free) |
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Energy | |
Enovix (NASDAQ: ENVX) stock surged 35% in a single day, and it looks like the rally has legs and room to run. The technical signal is strong, and fundamental factors are in play. Those factors include a new deal to supply batteries for a virtual reality headset that points to a new reality for ENV... Read the Full Story |
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Transportation | |
FedEx’s (NYSE: FDX) focus on efficiency in the face of troubled operating conditions is why this stock can set a fresh high this year. The fiscal Q4 results delivered exactly what the market wanted and more, suggesting momentum is building and guidance is cautious. Takeaways from the repor... Read the Full Story |
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From Our Partners | | Jeff Brown and Marc Chaikin - two investors who spotted Nvidia a decade ago - are now pointing to Elon Musk's latest AI patent as the catalyst behind their next major call.
They say a market pattern with a 100% historical track record is converging with this new breakthrough by end of month. The last time conditions aligned like this, investors had the chance to turn $10,000 into as much as $350,000 in roughly 12 months.
Brown and Chaikin have released the full details for investors who want to get ahead of it. | | See Jeff Brown and Marc Chaikin's full analysis and next steps here |
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Aerospace | |
Occasionally, Wall Street fund managers come down from their ivory towers and let the rest of Main Street into some of the plays they have been making. These institutions manage the nation’s pensions and other crucial investment vehicles, so when their insights are released, it pays to keep ... Read the Full Story |
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Technology | |
Silvaco Group (NASDAQ: SVCO) is a small fish in the technology sector and semiconductor industry, with a market capitalization of less than $500 million. The firm could either see explosive growth or be destroyed by its larger competitors. The company provides software essential to designing and m... Read the Full Story |
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Technology | |
With its stock closing at another record high last night, around $450, it’s safe to say that Microsoft Inc (NASDAQ: MSFT) is having a great year so far. The tech titan is up more than 20% in 2024, with many gains coming in the past two months alone.
For context, the benchmark S&P 500... Read the Full Story |
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Technology | |
The bull market continues to rise, shrugging off negative news. However, most of those gains can be found in the computer and technology sector powered by the artificial intelligence (AI) revolution. The benchmark indexes are overweighted with the behemoth tech stocks. The top 3 holdings in the Na... Read the Full Story |
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Auto/Tires/Trucks | |
Rivian Automotive (NASDAQ: RIVN) is a prominent name in the electric vehicle (EV) market. Rivian’s stock price recently witnessed a nearly 60% rise following an announcement from the company. This surge was fueled by news of a substantial investment from the Volkswagen Group (OTCMKTS: VWAGY)... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas. This segment also offers Percipio, an AI-driven online learning platform that delivers a learning experience through SaaS solutions. Its Instructor-Led Training segment provides training solutions, including information technology and business skills for corporations and their employees by guiding its customers throughout their lifelong technology learning journey by offering relevant and up-to-date skills training through instructor-led and self-paced, vendor certified, and other proprietary offerings. The company markets and sells their offerings to businesses of many sizes, government agencies, educational institutions, and resellers. Skillsoft Corp. is headquartered in Greenwood Village, Colorado. | | View Today's Stock Pick |
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