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Thoughts For Thursday: Lingering Inflation
Article By:
David Marshall
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Thursday, May 2, 2024 4:14 AM EDT
The Fed had expected to lower interest rates by now, but according to Chairman Powell, inflation is sticking around longer than expected and therefore higher rates will stick around longer, too.
Market Briefing For Thursday, May 2
Article By:
Gene Inger
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Thursday, May 2, 2024 2:45 AM EDT
The Fed wants to be in a position to 'eventually' cut rates, so they're not sounding 'too' hawkish. This Fed is not really acknowledging how foggy this is with regard to inflation.
In this article: OIL
April Recap: Small Cap AI Stocks Portfolio Dropped 23%
Article By:
Lorimer Wilson
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Wednesday, May 1, 2024 11:13 PM EDT
All 54 constituents in the 7 AI category portfolios tracked by munKNEE declined in April so it is no surprise that such weakness was also the case with the 10 stocks in the Small Cap AI Stocks Portfolio.
Elliott Wave Analysis: SP 500 And Nasdaq 100 Bearish And Bullish Outlooks
Video By:
Peter Mathers
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Wednesday, May 1, 2024 11:10 PM EDT
Explore the Elliott Wave analysis for SP 500 and Nasdaq 100, highlighting the current bearish trends and the potential for a bullish recovery. Gain insights into possible future movements in these indices
A Positive Earnings Picture Remains
Article By:
Sheraz Mian
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Wednesday, May 1, 2024 10:30 PM EDT
The picture emerging from the Q1 earnings season continues to be one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase.
Markets Sink After Powell Presser; Big Earnings Post-Bell
Article By:
Mark Vickery
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Wednesday, May 1, 2024 10:10 PM EDT
Markets surged today on Fed Chair Jerome Powell’s press conference, but markets could not hold those levels, and stocks fell to session lows by the closing bell on the S&P 500 and Nasdaq.
Implied Volatility Crush Sends Stocks Higher As Usual During The Fed Announcement
Article By:
Michael J. Kramer
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Wednesday, May 1, 2024 9:10 PM EDT
Takeaway today seems to be that the Fed has no idea when it will be able to cut rates. Powell seems hopeful the policy will be tight enough to bring inflation back to target. If the market helps him and tightens financial conditions, it may be.
Nasdaq 100 & S&P 500 Elliott Wave Update - Wed, May 1
Video By:
Michael Filighera
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Wednesday, May 1, 2024 8:50 PM EDT
Wild and crazy day to say the least! Both the ES and NQ gave a nod and a push towards both the "A" and "B" versions of the preferred count(s). Neither came out the winner and I again am not handing out the winning ticket.
Tesla Is Scaling Back Superchargers, Rescinding Offers, Firing More Workers
Article By:
Mish Shedlock
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Wednesday, May 1, 2024 8:30 PM EDT
Musk prepares for growth by firing 10 percent of the staff, halting construction of gigafactories, laying off the entire supercharger team, scaling back, supercharger deployment, and even rescinding offers to interns.
In this article: TSLA
Investors Should Be Glad About Gladstone Capital’s 9% Yield
Article By:
Marc Lichtenfeld
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Wednesday, May 1, 2024 7:10 PM EDT
Gladstone Capital is a business development company (BDC) that has invested more than $2.5 billion in over 260 deals since it was founded in 2001.
In this article: GLAD
Large "Inverse Hammers" Kill Rally In Indices May 01, 2024
Article By:
Declan Fallon
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Wednesday, May 1, 2024 6:18 PM EDT
Today was not a great day for bulls; what looked promising for all indices intraday, was cooked by the close. The percentage loss for the day was not the issue, it was the intraday spread that caused the problem.
EBay Took A 23% Hit To Net Income In Its Fiscal Q1
Article By:
Wajeeh Khan
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Wednesday, May 1, 2024 5:24 PM EDT
eBay Inc (EBAY) is in the red in extended hours today even though it came in ahead of Street estimates for its fiscal Q1. The stock is taking a hit primarily because the management failed to impress with its guidance.
In this article: EBAY
Leaving Penn Station
Article By:
Tim Knight
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Wednesday, May 1, 2024 5:13 PM EDT
Here’s Penn Entertainment (PENN) featuring the sparkling and zesty Dave Portnoy. This stock has destroyed about 90% of shareholder value since it peaked three years ago. I’m sure there’s more to come!
In this article: PENN