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2024-06-24 16:41:36

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#note1hvj…lf43

2024-06-24 16:41:21

Stock market today: US stocks trade mixed as investors gear up for more inflation data this week
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US stocks traded mixed on Monday as investors gear up for a new set of inflation data later in the week. The Dow Jones Industrial Average traded higher, while the S&P 500 and Nasdaq 100 were slightly lower. Nvidia stock continued to move lower following a big rally last week. With earnings season over, investors will turn their attention to the PCE inflation data set to be released on Friday, which happens to be the Federal Reserve's preferred inflation gauge. Economists expect year-over-year Core PCE to be 2.6% in May. Investors will also keep an eye on initial jobless claims data, pending home sales, and a second revision to first-quarter GDP. All of this data will help inform investors as to when the Fed might launch its first interest rate cut of the cycle, with markets expecting the first rate cut to occur in September.
#UsStocks #InflationData #InterestRates #DowJones #S&p500 #Nasdaq100 #Nvidia #PceInflationGauge #Economy #InterestRateCut
https://markets.businessinsider.com/news/stocks/stock-market-today-pce-inflation-data-this-week-interest-rates-2024-6

2024-06-16 23:29:31

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#note1lkj…lxmm

2024-06-16 23:29:20

Stocks are in a sweet spot but bears still fear a bubble is near bursting. Here's what 5 forecasters are saying about a potential crash.
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Stocks have been on a tear, but some forecasters warn of a potential crash due to lofty valuations and signs of a bubble. Economist Harry Dent predicts a major market crash, with the S&P 500 potentially dropping 86% and the Nasdaq Composite dropping around 92%. Capital Economics predicts that stocks have another 20% to inflate before the bubble bursts. Investor John Hussman believes stocks could plunge as much as 70% once the bubble bursts, citing overvaluation. RBA's chief investment officer, Richard Bernstein, warns that large-cap stocks are overvalued and could see a significant drop. UBS points out that six out of eight warning signs of a market bubble have already flashed. Despite the warnings, analysts agree that the prospects for earnings are looking favorable for stocks.
#StockMarket #MarketCrash #MarketBubble #StockValuations #Forecasters
https://markets.businessinsider.com/news/stocks/stock-market-crash-bubble-correction-dot-com-tech-overvalued-ai-2024-6

2024-06-11 00:32:33

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#note1p2m…p4lr

2024-06-11 00:32:21

Stock market today: US stocks edge lower ahead of Apple event, economic data
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US stocks fell as bond yields increased ahead of a big week of updates for the market. Investors are eyeing Apple's WWDC event, a Fed meeting, and key inflation reports this week. The big May consumer price index report is set to be released Wednesday morning, ahead of the Federal Reserve's interest rate decision. The Fed meeting is expected to show no changes to interest rates, but it should offer insights into what Fed members are thinking about with regard to the path of monetary policy. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on Monday: S&P 500: 5,334.38, down 0.23%; Dow Jones Industrial Average: 38,698.22, down 0.26% (-110.78 points); Nasdaq composite: 17,100.03, down 0.19%
#UsStocks #BondYields #AppleEvent #Wwdc #FedMeeting #InflationReports #InterestRates #MonetaryPolicy #S&p500 #DowJonesIndustrialAverage #NasdaqComposite
https://markets.businessinsider.com/news/stocks/stock-market-today-apple-wwdc-ai-event-iphone-economic-data-2024-6

2024-06-10 20:25:56

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#note1chv…xg4v

2024-06-10 20:25:44

The biggest threat to the dollar isn't other countries but America's own dysfunction, think tank experts say
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Foreign de-dollarization efforts are unlikely to spur the greenback's demise. Instead, internal dysfunction could cut into the dollar's dominance, two think tank experts wrote in the FT. Rising American dysfunction — be it political or fiscal — is the real threat to the greenback's international role. De-dollarization is a trend that's gained momentum in recent years, with the goal being to decrease the world's dependence on the greenback. Possible competitors to the dollar, such as the euro and China's yuan, do not share the dollar's massive advantages that make it so popular. A number of factors could amplify the risk of de-dollarization, including US spending and debt, limits to monetary policy, rising trade protectionism, potential unilateral financial sanctions, and threats of devaluing the dollar. If the US doesn't keep its house in better order, dollar dominance will be the least of our worries.
#Dollar #Dedollarization #UsDysfunction #Greenback #GlobalTrade
https://markets.businessinsider.com/news/currencies/dedollarization-dollar-dominance-us-politics-economy-trade-fed-china-yuan-2024-6

2024-06-05 00:22:58

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#note1r9d…qldg

2024-06-05 00:22:47

Stock market today: Indexes slide as investors assess weak economic data
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US stocks slumped lower on Tuesday as early June data left investors uncertain about strength in the economy. The market retreat began Monday, after the ISM Manufacturing index report came in lower than expected, and below the previous month's figure. Concerned investors will turn their attention toward job data later in the week, with job openings data set to be published on Tuesday. Economists anticipate a drop in openings for the third consecutive month. The crucial labor report will come on, when May's payroll numbers are set to be released. Economists expect 178,000 added jobs that month, about in line with April's figure. Bank of America said in a note on Monday that a reading of 125,000-175,000 would be a Goldilocks scenario for the stock market, as it hints at continued strength in the labor market while leaving the door open for the Fed to ease monetary policy.
#StockMarket #EconomicData #Investors #IsmManufacturingIndex #JobOpenings #LaborReport #PayrollNumbers #BankOfAmerica #FedRateCuts
https://markets.businessinsider.com/news/stocks/stock-market-today-dow-jobs-economic-slowdown-fed-rate-cuts-2024-6

2024-06-04 23:40:38

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#note1cnd…rk00

2024-06-04 23:40:26

5 Top-Ranked Sector ETFs to Buy in June
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Wall Street has been on a remarkable rally so far this year, with all three major indices near record highs. Earnings grew 6% in the first quarter of 2024, the highest growth rate seen in nearly two years. The U.S. economy is back on course for another solid GDP gain in the second quarter. Consumer confidence increased in May after three months of decline. Over the past two weeks, three equity strategists have boosted their year-end targets for the S&P 500. However, uncertainty about the timing of Fed rate cuts will weigh on investors' sentiment. The latest data from the Institute for Supply Management showed that U.S. manufacturing contracted in May for the 18th time in 19 months. Investors could be well served by ETFs from sectors that house the top-ranked industries. The top 5 sectors to consider are Construction, Consumer Staples, Materials, Industrials, and Aerospace and Defense.
#WallStreet #Indices #Earnings #Gdp #ConsumerConfidence #S&p500 #FedRateCuts #UsManufacturing #Investors #Etfs #Sectors #Construction #ConsumerStaples #Materials #Industrials #AerospaceAndDefense
https://markets.businessinsider.com/news/stocks/5-top-ranked-sector-etfs-to-buy-in-june-1033451102

2024-06-04 06:59:38

Stock market today: Stocks trade mixed to kick off June after weak manufacturing data
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US stocks kicked off June with mixed trades as investors digested weaker-than-expected manufacturing data. The ISM Manufacturing index came in at 48.7%, below estimates of 49.6% and last month's reading of 49.2%. Construction spending was down 0.1% in April, below economist expectations for a gain of 0.2%. The S&P Flash US Manufacturing PMI came in at 51.3 in May, slightly ahead of the median forecast of 50.7. The mixed data led to a mixed stock market, with the Nasdaq 100 gaining, the S&P 500 remaining flat, and the Dow Jones Industrial Average moving slightly lower. Investors are now looking ahead to a busy week of macro data, including the May jobs report.
#StockMarket #ManufacturingData #IsmManufacturingIndex #ConstructionSpending #S&pFlashUsManufacturingPmi #Nasdaq100 #S&p500 #DowJonesIndustrialAverage #MayJobsReport
https://markets.businessinsider.com/news/stocks/stock-market-news-today-weak-ism-manufacturing-macro-data-jobs-2024-6

2024-06-04 05:37:39

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#note1p9c…8jld

2024-06-04 05:37:27

Bank of America lays out the perfect scenario for stocks to rally after the May jobs report
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Bank of America expects the May jobs report to print within the 'Goldilocks range' of 125,000-175,000 new jobs added, which would likely give the Federal Reserve more flexibility to cut interest rates sooner. A reading below 125,000 jobs added could lead to a sell-off and suggest deteriorating economic growth. Bank of America also predicts that a May jobs report above their Goldilocks range would be positive for stock prices and signal stronger economic growth than expected. The report is set to be released on Friday.
https://markets.businessinsider.com/news/stocks/stock-market-this-week-may-jobs-report-playbook-175000-goldilocks-2024-6

2024-06-03 16:35:06

Stock market today: US stocks rise ahead of big week for economic data
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US stocks kicked off the week with a slight gain on Monday as investors await a deluge of economic data. Manufacturing data, job openings and initial claims, and the May jobs report are set to be released throughout the week. The median forecast for the number of jobs added to the economy in May is 178,000. Investors will sift through manufacturing and services data via the ISM and PMI index releases on Monday and Wednesday. The state of the jobs market will be in focus as well, with job openings data to be released on Tuesday, initial jobless claims set to be published on Thursday, and the May jobs report scheduled for Friday. Economists expect 178,000 jobs to have been added to the US economy in May, about in line with the April jobs report. The sweet spot would be between 125,000 and 175,000 jobs added last month, according to Bank of America, as it would leave the door open for interest rate cuts from the Federal Reserve without scaring investors about a potential recession.
#UsStocks #EconomicData #ManufacturingData #JobOpenings #InitialClaims #MayJobsReport #IsmIndex #PmiIndex #JoblessClaims #BankOfAmerica #InterestRateCuts #FederalReserve
https://markets.businessinsider.com/news/stocks/stock-market-today-big-week-for-macro-economic-data-jobs-2024-6

2024-05-24 00:36:18

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#note183k…sjvr

2024-05-24 00:36:07

Stock market today: Indexes pop after Nvidia's blowout earnings report
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US stocks moved higher on Thursday, with investors cheering another blowout earnings report from chip giant Nvidia. The company beat revenue and profit estimates and announced a 10-for-1 stock split. Nvidia reported $26.04 billion in revenue versus analyst estimates of $24.65 billion, and earnings per share of $6.12, compared to estimates of $5.59. Nvidia shares rose 7% in early Thursday trading, hitting new records around $1,017 per share. Atlanta Fed President Raphael Bostic will speak later in the day. Several Fed speakers have offered fresh takes on the economy and inflation this week, with most striking a cautious tone on rate cuts, noting that price increases have yet to cool sufficiently to warrant easing monetary policy.
#StockMarket #Nvidia #EarningsReport #ChipGiant #StockSplit #Revenue #Profit #Shares #AtlantaFed #Inflation #RateCuts #MonetaryPolicy
https://markets.businessinsider.com/news/stocks/stock-market-today-nvidia-q1-earnings-split-chips-ai-blackwell-2024-5

2024-05-18 04:11:36

Billionaire 'Bond King' Bill Gross explains why oil and gas pipelines are his top investment even as AI fervor swirls
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Bill Gross, the billionaire 'Bond King', has revealed that his top investment right now is in oil and gas pipelines. He believes that these pipelines, which trade as master limited partnerships (MLPs), offer strong returns with additional tax advantages. Gross highlights that MLPs have many of the yield attributes of bonds and are attractive due to limited risk, good tax benefits, and liquidity. He mentions that MLP dividends are deferred until sold, and mutual funds cannot buy partnerships, creating a large base of potential buyers. Gross cites tax-deferred yields of 8% to 9% and mentions that MLPs have climbed as much as 35% in the last 12 to 18 months. He also mentions two MLP companies worth paying attention to: Energy Transfer and Western Pipeline. Gross has been investing in 'conservative' AI names like Microsoft and IBM but has never owned Nvidia. He remains cautious about pushing into artificial intelligence and mentions interest in the utilities sector due to AI developments boosting energy demand.
https://markets.businessinsider.com/news/stocks/bill-gross-investing-strategy-oil-gas-piplines-limited-partnerships-ai-2024-5

2024-05-17 07:28:39

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#note186u…xg2k

2024-05-17 07:28:28

aiSight.ai joins NielsenIQ Partner Network To Unveil the Recipe for Market Share Growth for CPG Clients
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aiSight.ai, a platform for the Consumer-Packaged Goods (CPG) industry, has joined the NielsenIQ Partner Network to access NielsenIQ retail sales data globally. The platform converts data into daily actions for field teams to grow the market share of a CPG. The platform subscription includes mobile applications that automatically convert insights into daily tasks for field teams. aiSight.ai's platform is used by several large CPGs across multiple markets and has consistently enabled its clients to grow their market share by 3-5% within a few months. The CEO of aiSight.ai, Dr. Umar Saif, states that clients will be able to make use of NielsenIQ's monthly market share data to grow their market share. aiSight.ai is based in Mountain View, California and works with CPG clients across APAC, MENA, Europe, and LATAM.
#Aisightai #Nielseniq #Cpg #MarketShare #DataAnalytics
https://markets.businessinsider.com/news/stocks/aisight-ai-joins-nielseniq-partner-network-to-unveil-the-recipe-for-market-share-growth-for-cpg-clients-1033394398

2024-05-17 03:55:15

Stanley Druckenmiller slashed his Nvidia stake by 72% last quarter as the stock nearly doubled
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Billionaire investor Stanley Druckenmiller reduced his stake in Nvidia by 72% in the first quarter, selling 441,551 shares. Druckenmiller had initially purchased Nvidia in Q4 2022 for an estimated average price of about $184 per share. The stock has since surged 391%. Despite the reduction, Nvidia remains the 7th largest position in Druckenmiller's portfolio, valued at about $159 million. Druckenmiller also sold all of his call options in Nvidia, which were purchased in Q4 2023 for a total value of about $242 million. In addition to reducing his Nvidia stake, Druckenmiller initiated a new bullish position in small-cap stocks, with a $664 million bet on call options on the Russell 2000. He also increased his position in copper miner Freeport McMoRan, which is now worth about $65 million. These moves suggest a bullish outlook on the US economy. Druckenmiller believes there could be a structural bull market in copper and that small-cap stocks are poised to benefit from lower interest rates.
#StanleyDruckenmiller #Nvidia #SmallcapStocks #Copper #UsEconomy
https://markets.businessinsider.com/news/stocks/stanley-druckenmiller-trims-nvidia-stake-copper-exposure-13f-q1-duquense-2024-5

2024-05-14 18:21:03

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#note15t0…sc9m

2024-05-14 18:20:52

PillSafe Provides a Solution to the Opioid Epidemic's $1 Trillion-Plus Impact on the US Economy
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PillSafe is a technology-based solution to the opioid epidemic in the US. The opioid epidemic costs the US economy over $1 trillion annually. PillSafe is a patented 'smart' pill delivery system that ensures patients comply with prescriptions. It was developed to address the overdose epidemic that has killed over 100,000 people in the US every year since 2001. From 2015-2018, the opioid epidemic cost the US economy $2.5 trillion. In 2020 alone, it imposed a $1.5 trillion burden on the economy. The federal and state governments have launched programs and legislation to address the crisis, with over $10.6 billion allocated by 2028. PillSafe is inviting state governments to partner with them to share licensing revenues from their technology in support of incentive programs on employment, compliance, and recovery.
#OpioidEpidemic #Pillsafe #UsEconomy #Technology #Prescriptions #OverdoseEpidemic #GovernmentPrograms #Legislation #Employment #Compliance #Recovery
https://markets.businessinsider.com/news/stocks/pillsafe-provides-a-solution-to-the-opioid-epidemic-s-1-trillion-plus-impact-on-the-us-economy-1033377315

2024-05-10 00:38:39

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#note175u…5038

2024-05-10 00:38:28

Trump's China Tariff Hikes Could Smother US Economic Growth: Fitch Ratings Sounds Alarm
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Fitch Ratings warns that aggressive trade tariffs proposed by former President Trump could lead to a reduction in US and global economic output. The credit rating agency predicts that in the event of a second Trump presidency, sharp increases in US trade tariffs, especially against China, are highly likely. The potential for a renewed US-led trade war in 2025 is growing, with Trump suggesting possible tariff hikes on Chinese goods of up to 60% and a 10% tariff on all US imports. Fitch's findings indicate that if the US imposes aggressive tariff increases, its GDP could decline by 0.4% to 0.8%, which could deepen to 1.1% if trading partners retaliate. The repercussions for US trading partners, particularly China, Canada, and Mexico, would be significant, with potential average GDP declines of around 1.8%. Fitch Ratings suggests that the persistent large US trade imbalance is more a reflection of the disparity between US national savings and investment and ongoing capital inflows into the country.
#TradeTariffs #EconomicGrowth #FitchRatings #DonaldTrump #UschinaTradeWar
https://markets.businessinsider.com/news/stocks/trump-s-china-tariff-hikes-could-smother-us-economic-growth-fitch-ratings-sounds-alarm-1033358327

2024-05-06 16:39:22

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#note1g2q…08qe

2024-05-06 16:39:09

Stock market today: US stocks climb as investors keep rate-cut hopes alive
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US stocks jumped on Monday as investors kept hopes of Fed interest rate cuts alive. The renewed hopes for interest rate cuts came following the lighter-than-expected April jobs report. The futures market is now pricing in two interest rate cuts by the end of the year. The jolt of hope for interest rate cuts came following the Friday release of the April jobs report, which was weaker-than-expected based on economists forecasts. The US economy added 175,000 jobs last month, compared to estimates for nearly 250,000 jobs. The futures market now prices in two 25-basis point interest rate cuts from the Federal Reserve by the end of the year, which is an increase from the recent pricing of just one interest rate cut a week ago. Investors will look for further clues about interest rate cuts from several Federal Reserve members this week, with nine scheduled to speak between throughout the week. Investors are continuing to monitor first-quarter earnings results, which have mostly surpassed analyst expectations. Of the 80% of S&P 500 companies that have so far reported results, 81% are beating profit estimates by a median of 7%. Meanwhile, 61% of companies have beaten revenue estimates by a median of 4%, according to data from Fundstrat.
#UsStocks #InterestRateCuts #AprilJobsReport #FederalReserve #Investors #Economy #EarningsResults
https://markets.businessinsider.com/news/stocks/stock-market-today-investors-keep-interest-rate-cut-hopes-alive-2024-5

2024-04-25 16:24:15

US Economy Grows 1.6% In Q1, Sharply Below Expectations As Price Pressures Weigh On Spending
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The U.S. economy grew at a slower pace in Q1 2024, with an annualized growth rate of 1.6%, compared to 3.4% in Q4 2023 and below the forecasted 2.5% growth. The Core Personal Consumption Expenditure (PCE) price index slowed from 3.4% to 3.7%, beating expectations. Headline PCE price rose from 1.8% to 3.4%. Real consumer spending growth slowed from 3.5% to 2.5%, below the expected 2.8%. The U.S. dollar index inched higher by 0.1% after the GDP print. Treasury yields rose by approximately 3 basis points, with the 2-year yield rising to 4.95%. Gold went up 0.5%. Futures on major U.S. indices were in the red, driven by a drop in tech giant Meta Platforms Inc. following weak revenue guidance. Treasury yields reached a 5-month high, lifting mortgage rates.
#UsEconomy #Gdp #PricePressures #Spending #Inflation #TreasuryYields #Gold #TechStocks
https://markets.businessinsider.com/news/etf/us-economy-grows-1-6-in-q1-slightly-below-expectations-as-price-pressures-weigh-on-spending-1033287831

2024-04-22 21:35:28

China's bubble tea explosion has minted half-a-dozen billionaires
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The explosion in popularity of bubble tea in China has resulted in at least six billionaires. Sichuan Baicha Baidao Industrial Co., China's third-largest bubble tea chain, is set to go public in Hong Kong with a valuation of nearly $4 billion. The founders, Wang Xiaokun and Liu Weihong, will become billionaires with a combined net worth of $2.7 billion. Guming Holdings and Auntea Jenny (Shanghai) Industrial Co., two of Baicha Baidao's biggest rivals, are also planning IPOs. China's largest bubble tea marker, Mixue Group, is considering an IPO as well. Nayuki Holdings, a high-end bubble tea maker, has seen its stock price fall by nearly 90% since going public in Hong Kong three years ago.
#BubbleTea #Billionaires #Ipo #China #HongKong
https://markets.businessinsider.com/news/stocks/bubble-tea-billionaires-china-ipos-baicha-baidao-mixue-stock-2024-4

2024-04-19 00:28:35

Small Group Of Hedge Funds Wields Dominance In US Treasury Market: 'A Concentration Of Vulnerability Has Built Up,' IMF Warns
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The International Monetary Fund (IMF) has raised concerns about a small number of hedge funds that now hold significant control over the U.S. Treasury futures market. These highly leveraged funds have concentrated short positions in Treasury futures, which could pose systemic threats to the financial stability of the U.S. and global economy. The IMF warns that some of these funds may have become systemically important to the Treasury and repo markets, and any liquidity problems they encounter could ripple through the broader financial system. Nearly half of all two-year Treasury futures positions are held by fewer than eight traders, and just eight hedge funds control about 30% of the market for longer maturities. The IMF projects that the U.S. debt-to-GDP ratio will continuously climb from 122% in 2023 to nearly 134% by 2029. Hedge funds are exploiting the need for the U.S. Treasury to issue a substantial amount of bonds to refinance maturing debt and cover the deficit.
#HedgeFunds #UsTreasury #FinancialStability #Imf #ShortPositions
https://markets.businessinsider.com/news/etf/small-group-of-hedge-funds-wields-dominance-in-us-treasury-market-a-concentration-of-vulnerability-has-built-up-imf-warns-1033263990

2024-04-17 22:54:30

Broadcom's AI Chips Forge Ahead Unlocking Billions in Tech Potential, Analysts Say
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Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Broadcom (NASDAQ:AVGO) with a price target of $1,650. Kumar hosted a meeting with AVGO’s management and noted AVGO as a premier player in the generative AI computing space. Management sized a potential 1 million unit cluster as a $50 billion opportunity. Broadcom is 1-1.5 years ahead of the competition in the Switch Products category. The company has significantly intensified its investments in this space. The XPU business’s gross margins are slightly lower than those of the traditional silicon business. Broadcom could be in pole position for the next generation of custom chips with these customers. Barclays analyst Tom O’Malley maintained Broadcom with an Overweight rating and raised the price target from $1405 to $1500. AVGO shares traded lower by 2.63% at $1,294.09 on the last check Wednesday.
#Broadcom #AiChips #TechPotential #Analysts #PiperSandler #Barclays
https://markets.businessinsider.com/news/stocks/broadcom-s-ai-chips-forge-ahead-unlocking-billions-in-tech-potential-analysts-say-1033259339

2024-04-17 22:27:27

2024-04-17 22:24:31

ThisWay Global Recognized as One of Inc. Magazine’s Top Female Founders
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ThisWay Global, an international HR tech artificial intelligence company, led by CEO Angela Hood, has been named one of the Female Founders on the prestigious 2024 Inc. Female Founders 250 list. The company has experienced significant growth, with a 4,300 percent increase in customers and doubling the number of employees for its AI-powered job matching platform. ThisWay Global has partnerships with industry giants like IBM, TDSynnex, Amazon Web Services, and Google. Angela Hood and her team will soon launch Sully's Sandbox, a platform that helps companies access valuable datasets and AI solutions. The platform aims to democratize access to data and AI solutions for companies of all sizes. ThisWay Global is committed to driving innovation and empowering organizations with cutting-edge AI solutions.
#ThiswayGlobal #IncMagazine #FemaleFounders #HrTech #ArtificialIntelligence
https://markets.businessinsider.com/news/stocks/thisway-global-recognized-as-one-of-inc-magazine-s-top-female-founders-1033259289

2024-04-17 01:34:41

The bull market in stocks won't be derailed by Fed jitters or Middle East tensions, 4 Wall Street pros say
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Despite recent concerns over Fed rate cuts and Middle East tensions, four Wall Street professionals believe that the bull market in stocks is still intact. The recent drop in stock prices was driven by inflation concerns and rising tensions in the Middle East. However, these experts argue that the long-term bull market is far from over. Tom Lee from Fundstrat advises investors to buy the dip in stocks, as the March inflation report suggests that inflation is on track to fall to the Federal Reserve's 2% target. James Demmert from Main Street Research believes that the recent correction is a buy-the-dip opportunity, as stocks are still in a longer-term bull market. Dan Ives from Wedbush Securities predicts that tech stocks will continue to soar due to strong corporate earnings and a wave of AI spending. John Flood from Goldman Sachs expects stocks to move higher by the end of the year, citing positive catalysts such as post-tax season surge, rising corporate stock buybacks, and strong confidence indicated by inflows to money market funds. Goldman strategists also predict a potential 15% surge in stocks this year, driven by mega-cap tech stocks.
#StockMarket #BullMarket #FedRateCuts #MiddleEastTensions #Inflation #AiSpending #TechStocks
https://markets.businessinsider.com/news/stocks/stock-market-outlook-bull-market-fed-rate-cuts-iran-israel-2024-4

2024-04-16 18:43:00

The stock market could still face a 10% correction even as the Fed nails a perfect 'no landing' economic recovery, market vet says
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Market veteran Ed Yardeni warns that the stock market could face a 10% correction despite a strong US economy. Yardeni points to rising bond yields and a decline in the percentage of S&P 500 stocks trading above their 50-day moving average as indicators of potential market weakness. However, Yardeni acknowledges the continued strength of the US economy, citing strong retail sales in March and an upgraded first-quarter GDP growth estimate by the Federal Reserve. Yardeni attributes the strength of the US economy to rising real disposable income, a growing number of retirees, and an influx of immigrants contributing to consumption.
#StockMarket #Correction #UsEconomy #RetailSales #GdpGrowth #BondYields
https://markets.businessinsider.com/news/stocks/stock-market-outlook-imminent-correction-possible-despite-no-landing-economy-2024-4

2024-04-16 00:39:59

Bond Yields Surge To 6-Month Highs As Likelihood Of No-Landing Scenario Increases: UBS Warns Of Potential Fed Rate Hikes To 6.5%
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U.S. Treasury yields have reached their highest levels since mid-November 2023, hitting 4.61% on the 10-year Treasury note. This increase is driven by economic resilience, fiscal spending, and inflationary pressures. Bond ETFs, such as iShares 7-10 Year Treasury Bond ETF and iShares 20+ Year Treasury Bond ETF, have experienced significant declines. Recent economic indicators, including higher-than-expected retail sales and inflation figures, have shifted market expectations of Federal Reserve rate cuts. Analysts, including UBS Group AG strategists, warn of a potential return to rate hikes if inflation remains above 2.5%, with the Federal Funds rate potentially reaching 6.5% by mid-next year. They caution that this could lead to a significant flattening of the U.S. Treasury curve, a decline in stock market values, wider credit spreads, and an adjustment in market multiples.
#BondYields #FederalReserve #RateHikes #UsTreasury #Inflation #EconomicIndicators #Etfs
https://markets.businessinsider.com/news/etf/bond-yields-surge-to-6-month-highs-as-likelihood-of-no-landing-scenario-increases-ubs-warns-of-potential-fed-rate-hikes-to-6-5-1033250896

2024-04-13 07:03:21

Jamie Dimon warns that markets are 'too happy' and failing to price in a possible US downturn
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Jamie Dimon, CEO of JPMorgan Chase, warns that markets are 'too happy' and failing to price in the potential for a US economic downturn. He believes investors are underestimating the chance of bad economic outcomes and highlights difficulties emerging among lower-income earners and fractures in subprime auto loans. Dimon's comments coincide with JPMorgan's release of record-beating first-quarter earnings. The bank reported a 9% year-over-year revenue gain of $41.9 billion and earnings per share of $4.44, surpassing estimates. Dimon also issued warnings about geopolitical tensions, inflationary pressures, and the unknown effects of large-scale quantitative tightening. CFO Jeremy Barnum echoed Dimon's views, emphasizing the economic, geopolitical, and regulatory uncertainties that remain prominent.
#JamieDimon #JpmorganChase #UsEconomy #MarketOutlook #Earnings #GeopoliticalTensions #Inflation #QuantitativeTightening
https://markets.businessinsider.com/news/stocks/jamie-dimon-jpmorgan-recession-outlook-fed-rate-cuts-markets-optimism-2024-4

2024-04-13 06:20:51

2024-04-12 20:08:09

Orion Breaks Ground on Texas Battery Materials Plant
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Orion S.A. broke ground on a plant in La Porte, Texas that will be the sole facility in the United States producing acetylene-based conductive additives for lithium-ion batteries. The plant will generate high-skilled employment in construction and technological areas and contribute breakthrough technology to the American economy. The battery additives manufactured by Orion's facility will have one-tenth the carbon footprint of other materials. The plant will increase the regional supply of conductive additives in the U.S. battery market, which are essential for efficient electricity flow and improving the life of lithium-ion batteries. The plant is expected to start operations in Q2 2025. Shares of Orion S.A. have lost 3.4% over the past year.
#OrionSa #Texas #BatteryMaterials #LithiumionBatteries #ConductiveAdditives #CarbonFootprint #ElectricVehicles
https://markets.businessinsider.com/news/stocks/orion-breaks-ground-on-texas-battery-materials-plant-1033245228

2024-04-12 05:06:35

THE PRICE OF BEING A WOMAN: PINK TAX AND PERIOD POVERTY
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As International Women’s Day approaches, it’s a time for both celebration and reflection. One barrier to gender equality is the pink tax, a pricing gap that highlights gender-based pricing discrimination. The higher cost of menstrual hygiene products causes financial strain on individuals, leading to a choice between purchasing food or menstrual products. The removal of the pink tax in Malaysia is a step in the right direction, but it alone isn’t enough to tackle the broader issue of menstrual product accessibility. Period poverty, defined as the lack of access to safe and hygienic menstrual products, is a significant public health concern. Stigmas surrounding menstruation persist due to historical attitudes and inadequate education. These stigmas impact education, healthcare, and overall well-being. Open discussions and education about menstrual health, advocating for policies that ensure sanitary products are readily available and affordable, and supporting NGOs that work to alleviate period poverty are crucial steps to challenge these stigmas and create a more equitable future.
#InternationalWomen'sDay #GenderEquality #PinkTax #MenstrualHygieneProducts #PeriodPoverty #Stigmas #MenstrualHealth #Ngos
https://markets.businessinsider.com/news/stocks/the-price-of-being-a-woman-pink-tax-and-period-poverty-1033140425

2024-04-11 21:40:04

Can Marvell Compete With Nvidia? AI Era Event Sheds Light
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Marvell Technology (NASDAQ:MRVL) has seen a boost this year, rising about 73%, but the gains have fallen short of Nvidia. Marvell's expertise is not in GPUs, but in Digital Signal Processing (DSP) and Application Specific Integrated Circuits (ASICs). Marvell hosted its Accelerated Infrastructure for the AI Era Event in New York City, showcasing new technologies that will allow the company to better position itself in the AI arms race. The company's DSP business is expected to continue playing a central role in the AI space. The semiconductor industry that serves AI is likely to continue growing rapidly as the technology becomes more widely adopted. Investors can choose to invest in individual stocks or opt for an AI-exposed fund like Spear Alpha ETF (NYSE:SPRX), which has performed well under the captaincy of Ivana Delevska.
#MarvellTechnology #Nvidia #AiTechnology #SemiconductorIndustry #AcceleratedInfrastructureForTheAiEraEvent #DigitalSignalProcessing #ApplicationSpecificIntegratedCircuits #DspBusiness #SpearAlphaEtf #IvanaDelevska
https://markets.businessinsider.com/news/etf/can-marvell-compete-with-nvidia-ai-era-event-sheds-light-1033242307

2024-04-11 21:37:08

Microsoft's Growth Soars with AI Innovations, Projected to Lead in Public Cloud by 2032: Analyst
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Analyst Keith Weiss maintained Microsoft (NASDAQ:MSFT) with an Overweight rating and raised the price target from $465 to $520. Weiss projected a 14% revenue CAGR and 16% EPS CAGR for Microsoft through fiscal 2029. He noted that Microsoft's improving positioning for Public Cloud could lead to Azure taking the market share lead by 2032. Weiss's new price target reflects his confidence in Microsoft's EPS growth trajectory and AI leadership position. Analyst Tyler Radke attended Microsoft's Fabric Community Conference and came away positive, noting Microsoft's innovation and leadership in the GenAI investment cycle. Microsoft stock gained over 50% in the last 12 months.
#Microsoft #Ai #PublicCloud #KeithWeiss #TylerRadke #Azure
https://markets.businessinsider.com/news/stocks/microsoft-s-growth-soars-with-ai-innovations-projected-to-lead-in-public-cloud-by-2032-analyst-1033242296

2024-04-09 23:53:06

The stock market sees a 'no landing' scenario of high growth and sticky inflation ahead, Morgan Stanley says
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The US stock market is eyeing a 'no landing' scenario for the US economy, according to Morgan Stanley. This scenario involves high economic growth and sticky inflation. The stock market is looking past the soft versus hard landing debate and is getting comfortable with the idea of no landing at all for the US economy. Recent data points, such as a drop in US unemployment to 3.8%, a strong reading of the ISM manufacturing index, and a 2.5% increase in annual Personal Consumption Expenditures, support this view. The outperformance of cyclical sectors like energy and materials suggests that the equity market is beginning to process a better growth environment. However, maintaining quality is essential, and if the US economy experiences an early cycle reacceleration in growth, low-quality cyclicals and small caps may outperform. The stock market has been reacting to developments in the macro environment, with consensus views shifting between expectations for a soft or hard landing. The 10-year US Treasury yield is a key indicator of market sensitivity to macroeconomic conditions, with small caps and low-quality stocks showing more sensitivity to rate changes compared to large caps. While rate sensitivity would likely increase more broadly if the 10-year yield were to sustainably move above 4.35-4.40, large cap, quality equities are expected to outperform on a relative basis.
#StockMarket #UsEconomy #EconomicGrowth #Inflation #CyclicalSectors #EquityMarket #Unemployment #IsmManufacturingIndex #PersonalConsumptionExpenditures #10yearUsTreasuryYield
https://markets.businessinsider.com/news/stocks/stock-market-outlook-economy-no-landing-cyclical-stocks-morgan-stanley-2024-4

2024-04-09 19:49:11

3 Sector ETFs & Stocks to Bet on March Jobs Data
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The U.S. economy added 303,000 jobs in March 2024, surpassing expectations. The unemployment rate dropped to 3.8% from the previous month's 3.9%. Sectors that are expected to perform well based on the strong jobs data include healthcare, construction, and leisure and hospitality. The Health Care Select Sector SPDR ETF (XLV) and HCA Healthcare (HCA) are recommended for healthcare. Invesco Dynamic Building & Construction ETF (PKB) and Dycom Industries (DY) are suggested for construction. Invesco Dynamic Leisure and Entertainment ETF (PEJ) and Brinker International (EAT) are highlighted for leisure and hospitality.
#SectorEtfs #Stocks #MarchJobsData #UsEconomy #UnemploymentRate #Healthcare #Construction #LeisureAndHospitality
https://markets.businessinsider.com/news/etf/3-sector-etfs-stocks-to-bet-on-march-jobs-data-1033234412

2024-04-09 00:31:14

Stock market today: US stocks rise as markets brace for March inflation data and fresh Fed commentary
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US stocks rose slightly on Monday as investors tried to rebound from last week's volatile run. Markets suffered a meaningful pullback last week as investors checked their expectations for rapid interest rate cuts this year. The latest data defying rate-cut forecasts was Friday's jobs report, which saw 303,000 jobs added in March. This week, investors will be focused on Wednesday's consumer price index report as a key indicator of where interest rate policy may go. Fed officials are also set to speak in the coming days, including New York Fed President John Williams and Boston President Susan Collins, who will both speak on Thursday.
#UsStocks #InflationData #FedCommentary #InterestRateCuts #ConsumerPriceIndex #JobsReport
https://markets.businessinsider.com/news/stocks/stock-market-today-treasury-bond-yields-march-cpi-inflation-2024-4

2024-03-23 17:48:24

America Is Growing Wary of the Renewable Energy Boom
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The Renewables MMI (Monthly Metals Index) declined by 8.89% due to the drop in the price of neodymium. Concerns about shortages of land space and the effects on the environment and property values are fueling opposition to utility-scale wind and solar projects. Some states are overturning municipal zoning regulations that obstruct green initiatives. Policymakers need to strike a balance between community interests, environmental imperatives, local autonomy, and state regulations. Addressing the reasons behind opposition to renewable energy sources is essential for a sustainable future. The Grain Oriented Electrical Steel MMI increased by 9.53%.
#RenewableEnergy #Neodymium #WindEnergy #SolarEnergy #LandSpace #Environment #PropertyValues #Opposition #CommunityInvolvement #StateRegulations #GrainOrientedElectricalSteel
https://markets.businessinsider.com/news/stocks/america-is-growing-wary-of-the-renewable-energy-boom-1033190530

2024-03-04 17:03:11

'Dr. Doom' Nouriel Roubini says the biggest risk to the market right now is an economy that stays too strong
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Nouriel Roubini, also known as 'Dr. Doom', believes that the biggest risk to the market is an economy that remains too strong. He suggests that there is a possibility of economic growth not seeing a landing at all and continuing to reaccelerate. Roubini points out that last year, revisions of expectation by the Federal Reserve led to a 10% correction in equities. He warns that good news on growth may be bad news for the market if it implies that the Fed will not cut interest rates as much or as soon as expected. Rate-cut expectations have become more conservative in recent months.
#NourielRoubini #MarketRisk #EconomicGrowth #FederalReserve #InterestRates
https://markets.businessinsider.com/news/stocks/us-economy-outlook-stock-market-fed-rates-inflation-nouriel-roubini-2024-3

2024-03-02 07:06:10

US stocks rise to fresh records on tech-fueled rally while investors sift through Fedspeak
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US stocks rose on Friday, powered by a rally in tech stocks that took the Nasdaq up to a record high and helped the S&P 500 close above 5,100 for the first time ever. The tech-focused Nasdaq Composite rose 1.14% on Friday, continuing its ascent after closing last month at its first record high since 2021. Investors also sifted through a slew of comments from Fed officials on Friday to gauge where interest rates could be headed this year. Atlanta Fed president Raphael Bostic said he would like to wait for inflation to sink low enough that the Fed can avoid reversing course and switching back to rate hikes after rate cuts. Meanwhile, yields on the two-year note slipped 10.8 basis points to 4.53% after Fed governor Christopher Waller said he would like the Fed to boost its share of short-term bonds.
#UsStocks #TechStocks #Nasdaq #S&p500 #FederalReserve #InterestRates
https://markets.businessinsider.com/news/stocks/stock-market-news-today-nasdaq-up-tech-rally-fed-rates-2024-3

2024-02-24 17:59:34

Warren Buffett's cash mountain grows to record $168 billion as Berkshire Hathaway struggles to find bargains
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Warren Buffett's Berkshire Hathaway grew its cash pile to a record $168 billion last quarter. The investor and his team were net sellers of stocks but accelerated buybacks in the period. Berkshire posted a 28% increase in operating profits as it benefited from a strong economy. Berkshire's ballooning cash pile and relatively muted stock purchases and buybacks highlight the challenge Buffett faces as a value investor operating in a booming market with a bright economic outlook. The conglomerate's operating earnings surged by 28% to $8.5 billion, fueling a 21% increase in full-year profits.
#WarrenBuffett #BerkshireHathaway #CashPile #StockPortfolio #Buybacks
https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-cash-mountain-stock-portfolio-buybacks-deals-2024-2

2024-02-05 14:35:43

US stock futures slip after Fed chair Jerome Powell pours cold water on investors' hopes for early rate cuts
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US stock futures fell ahead of Monday's opening bell as Federal Reserve Chair Jerome Powell said the Fed may only cut interest rates three times this year. Treasury yields also climbed higher as investors mulled Friday's blowout jobs report. Futures for the S&P 500, Dow Jones Industrial Average, and Nasdaq slipped in early-morning trading. Powell appeared on '60 Minutes' and said the Fed still plans to cut interest rates three times in 2024. Cosmetics conglomerate Estée Lauder and pharma company were the S&P 500's biggest risers ahead of the opening bell.
#UsStockFutures #FederalReserve #InterestRateCuts #JeromePowell
https://markets.businessinsider.com/news/stocks/stock-market-today-federal-reserve-jerome-powell-interest-rate-cuts-2024-2