Good MorningThe sell-off in equities deepened last week, with the S&P 500 falling more than 3% at the session's low. The move is led by tech stocks and the fear of higher interest rates for longer. The NASDAQ Composite fell 5% for the week and marks a critical top that may not be broken for some time. The outlook for AI and the bubble it caused is to blame. Regarding interest rates, Fed Chief Jerome Powell says inflating is harder to tame than previously thought and has not retreated sufficiently.
This week will be trying one for equity traders. The first read on Q1 GDP is due on Thursday, and the March reading of PCE is due on Friday. The GDP is not expected to show conditions conducive to FOMC rate cuts, nor is the PCE. The takeaway will be how they impact the outlook for the timing of rate cuts, which is not expected to be soon. As it is, the market now assumes the first cut won't come until September or later. Featured: The Greatest Bull Market in Crypto History… (Weiss Ratings) 
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Markets | | | Every once in a while, investors can find stocks that belong to the hottest sector but haven’t quite become hot themselves. This time, the U.S. technology sector brought the nation’s stock indexes to all-time highs. While semiconductor stocks took the lion’s share of credit, othe... Read the Full Story >> |
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From Our PartnersWith Bitcoin flying high, everyone is looking for the next cryptocurrency to take off.
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Markets | | | What once started as a simple online store selling books, Amazon.com Inc (NASDAQ: AMZN) is now at the top of the E-commerce realm and still expanding into what has been called the ‘oil of the 21st century’. As artificial intelligence trends take off and give businesses greater i... Read the Full Story >> |
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Stocks | | | The worst week for big technology stocks since the COVID crash in 2020 dragged Wall Street on Friday across the finish line of another losing week. The S&P 500 dropped 0.9% to close out its third straight losing week. That's its longest such streak since September, before it broke into a romp th... Read the Full Story >> |
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Stocks | | | The electric vehicle (EV) trend brought the spotlight on the demand for lithium used in EV batteries. The fear of a dwindling supply of lithium and growing demand for it caused lithium carbonate prices to surge as high as $81,360 per tonne in November 2022. However, lithium prices collapsed to nea... Read the Full Story >> |
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Stocks | | | While artificial intelligence (AI) and robots are in the spotlight regularly these days, there's a company that's been making surgical robots for over two decades. Intuitive Surgical Inc. (NASDAQ: ISRG) is the pioneer in robotic-assisted surgical systems. Their da Vinci Surgical System enables rob... Read the Full Story >> |
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From Our PartnersA shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products.
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Markets | | | Shares were broadly higher in Europe and Asia on Monday as investors focused on the latest flurry of corporate earnings. The upbeat start to the week contrasted with the gloom on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. But U.S. futures were high... Read the Full Story >> |
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Markets | | | There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation pandemic, climate disasters and Russia's invasion of Ukraine. Factor in the Israel-Hamas war and rising tensi... Read the Full Story >> |
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Markets | | | The GLP-1 weight loss trend continues to flourish, and the ante keeps rising. The reigning champions in the battle of the bulge are Novo Nordisk A/V (NYSE: NVO) with its Semaglutide medications Ozempic and Wegovy, and Eli Lilly & Co. (NYSE: LLY) with its Tirzepatide medications Mounjaro and Ze... Read the Full Story >> |
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Markets | | | Credit card giant American Express posted a 34% jump in its first quarter profits on Friday, helped by more customers spending on its namesake cards as well as more customers keeping a balance on the cards Read the Full Story >> |
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Markets | | | The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but "there is plenty to worry about,″ including stubborn inflation and rising levels of government debt Read the Full Story >> |
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Monday's Early Bird Stock Of The Day Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations. This segment operated an average of 20,948 tractors, which comprised 18,821 co... | | View Today's Stock Pick |
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