Good MorningEquity markets extended the sell-off on Wednesday, bringing the S&P 500's losses to 4.5%. Because the correction is gaining momentum, it could exceed the 5% mark and move down as much as 10% before hitting solid resistance. The move is driven by rising fear that the FOMC will not cut interest rates as soon as expected and a round of weaker-than-expected earnings.
Earnings from ASML suggest caution among chip-makers and the potential for weaker-than-expected results for the industry. Earnings from J.B. Hunt Transport suggest persistent economic weakness beyond analysts' expectations and weaker-than-expected results for the transportation industry. The takeaway is that the outlook for the year is deteriorating quickly.
Selling may intensify today and tomorrow. The PCE index is due out next week and will likely echo the CPI report. If so, the odds of a rate cut this year will fall, undercutting the already diminishing outlook for S&P 500 earnings growth. In this scenario, the S&P 500 could fall as much as 20%, and a decline of 30% is not impossible. Featured: The Greatest Bull Market in Crypto History… (Weiss Ratings) 
|
Markets | | | After having one of the best two-year performances in the technology sector, shares of Netflix Inc. (NASDAQ: NFLX) are at an inflection point. Markets may wonder whether the stock will make a new all-time high or give up some of the stellar gains it gave investors after the COVID-19 pandemic. Wit... Read the Full Story >> |
|
From Our PartnersHere's one BIG reason why so many folks feel like they need to target extra income right now.
Since the pandemic, the cost of living has gone skyward.
It's out of control!
In fact, in just the last year alone we saw the average cost of a new mortgage go from $1,427 all the way to $2,047 a month.
That's nearly a $600 increase every single month! | | | | Weekend after weekend! |
|
Markets | | | Stock buybacks, also called stock repurchases, are important drivers of shareholder value, which is one of the reasons why Marketbeat tracks the data. As the name suggests, a buyback is when a company buys back its own shares from the market. Buybacks are a form of capital return that can off... Read the Full Story >> |
|
Stocks | | | World shares were mixed on Thursday after sinking technology stocks sent Wall Street lower again.Germany's DAX slipped 0.1% to 17,756.81 while the CAC 40 in Paris added 0.4% to 8,010.04. In London, the FTSE 100 edged 0.1% higher, to 7,857.46. The future for the S&P 500 was up 0.3% while that for... Read the Full Story >> |
|
From Our PartnersIn today's world, where the stock market's unpredictability sends shivers down the spine of the most seasoned traders and the US dollar's stability is under constant threat, the wise seek shelter. The truth is stark and undeniable - your hard-earned wealth is at risk like never before.
The volatile dance of the stock market, driven by fleeting trends and unpredictable global events, can turn fortunes into dust overnight. And the US dollar? Its declining purchasing power is a silent thief, slowly eroding the value of your savings, leaving you vulnerable in a time of need.
But there's a beacon of stability in this storm: Physical Gold.
(**By clicking the link you are subscribing to The American Wealth Investing Team Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy.) | | | | Act now and anchor your wealth in the solidity of gold. |
|
Markets | | | European Union leaders on Thursday debated a new "European Competitiveness Deal" aimed at helping the 27-nation bloc close the gap with Chinese and American rivals amid fears the region's industries will otherwise be left behind for good.In a volatile geopolitical landscape redefined by the ongoing ... Read the Full Story >> |
|
Markets | | | United Airlines (NASDAQ: UAL) delivered a surprisingly solid performance in the first quarter of 2024, exceeding analyst projections on several key financial metrics. While the global airline sector continues to navigate economic and regulatory challenges, United Airlines' earnings results and ... Read the Full Story >> |
|
From Our PartnersOK, you're not supposed to say this
In fact, maverick investor Graham Lindman says it's become the silent elephant in the room that everyone is pretending isn't there.
But he just said it:
Most stocks suck.
And he isn't saying that figuratively or subjectively…
You see, 96% of stocks underperform. Just 4% of "Apex Stocks" generate virtually all the wealth. | | | | All you have to do is watch here for all the details. |
|
Markets | | | Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates Read the Full Story >> |
|
Markets | | | CSX dealt with weather challenges and the closure of the Baltimore port as the railroad saw its first-quarter profit slip 10%, but it still managed to keep most of its customers happy with reliable service.The Jacksonville, Florida-based railroad said Wednesday that it earned $893 million, or 46 cen... Read the Full Story >> |
|
Markets | | | J.B. Hunt (NASDAQ: JBHT) is amid an industry normalization that will reinvigorate its market. However, the normalizing is taking longer than expected, and there are risks to the economy that point to lower price action before the recovery can begin. The primary is inflation and its impact on inter... Read the Full Story >> |
|
Markets | | | United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January.United indicated it would receive far fewer new planes from Boeing this year than it expec... Read the Full Story >> |
|
Markets | | | Artificial intelligence (AI) is propping up the computer and technology sector, but it's also helping many other industries involved in collecting, procuring and providing real-time data. Planet Labs PBC (NYSE: PL), which was started by NASA scientists in 2010, operates a network of over 200... Read the Full Story >> |
|
Thursday's Early Bird Stock Of The Day Leafly Holdings, Inc. owns and operates a platform to provide consumers with cannabis information and connects consumers to cannabis brands and licensed retailers. The company offers subscription-based marketplace listings, digital advertising solutions, and software as a service-based tools to cannabis retailers; and information, reviews, menus, and ordering and delivery options to its audience through its website and mobile applications. Leafly Holdings, Inc. was founded in 2010 and is headqua... | | View Today's Stock Pick |
|
Post a Comment
Post a Comment