Your Evening Recap for Thursday, May 16thEquity markets were flat on Thursday as traders digest the latest inflation data. The inflation data aligns with expectations, but expectations may be too optimistic. The FOMC is on track to cut rates, but perhaps not in 2024. Inflation is slowing but still rising, and prices are at record highs. The risk for the FOMC is that stepping back policy could lead to another acceleration of inflation and put the economy in a worse position.
The S&P 500 set a new high this week and may continue higher. The bullish technical setup could lead the market up another 200 points or more. The risk is that the market is still pricing and repricing the FOMC outlook and could reverse at a moment's notice. The next few weeks will be telling. Among the hurdles are earnings reports from key players like NVIDIA, which are set to release results next week. Because NVIDIA is responsible for much of the S&P gains and is fueling the AI hype, a tepid release could deeply impact the broader market. Featured: Most stocks suck (DTI) |
 The wave in electric vehicles has made a sudden turn. The U.S. is looking to support its car manufacturers and protect them from foreign competition to realize the real value these companies carry—no pun intended—under the hood. Investors will find out why Tesla Inc. (NASDAQ: TSLA) could see brighter days ahead. Raising tariffs on Chinese EVs, American consumers looking at BYD Company Ltd. (OTCMKTS: BYDDF) as a cheaper alternative will soon realize that it is better to stick with what the market is already familiar with, which happens to be Telsa today. Tariffs on Chinese ... Read The Full Story > |  Are you eager to know which AI stocks will dominate in 2024? We've pinpointed the top 3 and are thrilled to share our findings with you! Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time. Claim Your Complimentary Report Today |
 Deere's fiscal second-quarter results beat Wall Street's expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops Read The Full Story > |
 Meme stocks are back in focus, with Gamestop (NYSE: GME) and AMC Entertainment (NYSE: AMC) gaining triple digits in hours. The next great meme trade could be around the corner, and the stocks on this list could be the winners. They all surged by double digits, driven by catalysts with more meat than a picture posted on X. The caveat for investors is that these highly speculative stocks come with significant risks that could lead to losses for the unwary and gains for short-sellers. Faraday Future Intelligent Electric Inc. - Short Squeeze In-play Faraday Future Intelligent Electric (NASDAQ: FFIE) is up more than 100% on the day and quadruple digits since the rally began. Read The Full Story > |  Welcome to a promising year ahead! We're excited to share our carefully curated guide, "Top 9 Stocks to Watch," designed to enhance your investment strategy in 2024. Click below to opt-in and receive up to two additional free bonus subscriptions. Unsubscribe at any time. Access Your Exclusive Report Now |
 The Dow Jones Industrial Average just topped 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones for the Dow don't mean that much inherently. For one, with just 30 companies, the Dow represents a tiny slice of Corporate America. For another, almost no one's 401(k) account sees its performance depend on the Dow, which has become more of a relic used for historical comparisons. Here's a look at what the Dow is, how it got here and how its use among investors is on the wane:WHAT IS THE DOW?It's a measure of 30 established, well-known companies. Read The Full Story > |
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