Good MorningThe S&P 500 resumed its rebound on Thursday after President Trump unveiled the first of what is hoped to be many new trade deals. The deal with the UK keeps the 10% blanket tariff in place but makes allowances for critical UK exports in exchange for concessions. Concessions include broadened and easier access to UK markets. However, there are criticisms, including repeatability. The US has a trade surplus with the UK and is in a position of strength.
The S&P advanced about 1% at the session's high and could continue to advance today. The risk is that resistance remains at the 5700 level and may cap gains for the foreseeable future. In that scenario, the S&P 500 could fall to retest recent lows despite trade deals, and lower lows would be possible. The outlook for S&P 500 earnings declines with each passing day, which is a headwind for market sentiment that may be too strong to withstand. Featured: Market Panic: Trump Just Dropped a Bomb on Your Stocks (Ad) 
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Stocks | | | U.S. stocks drifted through a quiet Friday as Wall Street closed an unusually calm week.The S&P 500 slipped 0.1% to finish the week with a modest dip of 0.5%. It’s the first week in seven where the index at the heart of many 401(k) accounts moved by less than 1.5%, after careening on fears about... Read the Full Story |
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Markets | | | President Donald Trump agreed Thursday to cut tariffs on U.K. autos, steel and aluminum in a planned trade deal but played down the possibility of other nations getting similarly favorable terms on his import taxes, which are roiling the global economy.Under the framework agreement, the United Kingd... Read the Full Story |
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Markets | | | The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it will achieve. The agreement will open up the British market to American beef, ethanol, and other agricultural products, the White House said. It will also ... Read the Full Story |
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In a month when most stocks have been down, Bloomin’ Brands Inc. (NASDAQ: BLMN) has been a standout performer. The stock was up over 17% heading into its first-quarter earnings on May 7. But weak guidance for the current quarter overshadowed a double beat, and BLMN stock fell 4.4%.
B... Read the Full Story |
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Markets | | | The Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration Read the Full Story |
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Markets | | | Long-haul carrier Emirates reported on Thursday that it earned annual profits of $5.2 billion, with the state-owned firm declaring itself the world's most profitable airline as global aviation fully returned to flight after the disruption caused by the coronavirus pandemic.The profits came as the Du... Read the Full Story |
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Energy Transfer LP (NYSE: ET) delivered an as-expected earnings report on May 6. The midstream energy company delivered earnings per share of 36 cents on revenue of $21.02 billion.
The bottom line number came in three cents above analysts’ forecasts and was 12.5% higher year-over-yea... Read the Full Story |
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Carvana (NYSE: CVNA) is not out of the weeds but is performing well in 2025, accelerating its business turnaround. The Q1 results reveal strengths in consumer markets and rapidly improving profitability, which have it on track to reach lofty new goals. Company execs announced new long-term targe... Read the Full Story |
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To paraphrase Rockwell Automation’s (NYSE: ROK) CEO, Blake Moret, the company’s home-field advantage ideally positions it to benefit from onshoring U.S. manufacturing. Its manufacturing footprint is North American-centric, with more than 70% located within the continental US. The compa... Read the Full Story |
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International Business Machines Corporation (NYSE: IBM), a legacy technology sector giant, is attempting to become a leader in enterprise artificial intelligence (AI) adoption by strategically positioning itself as an architect in the current AI revolution.
Following major announcements a... Read the Full Story |
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Friday's Early Bird Stock Of The Day Oklo Inc. designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California. | | View Today's Stock Pick |
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