Equity markets were mixed on Monday as traders weighed the risks of recession against the upward momentum of AI. Names like AMD and NVDA advanced 5% for the session as they cement their leadership positions, but others were not so lucky. Former market leader Apple shed 2.5% for the session and set a new multi-month low.
The risk for equity markets this week is the NFP report. The NFP is expected to confirm another month of solid labor market activity and may be hotter than expected. Assuming the NFP doesnāt turn negative unexpectedly, the critical data will be the wage data, which is expected to be hot. Wages are growing at a near 4.5% YOY pace, helping to underpin inflation and keep the FOMC from cutting rates. The FOMC will unlikely cut interest rates until that trend is over.
As the world continues its relentless march into the Artificial Intelligence (AI) era, the conversation around this transformative technology remains as vibrant as ever.Ā While some AI giants hog the limelight, a whole universe of lesser-known AI companies is quietly making waves in the industry. For investors seeking exposure to this cutting-edge sector, exploring small-cap AI stocks might offer a tantalizing opportunity, albeit with increased risk.Ā Hereās a fresh look at five under-the-radar AI stocks that could pique the interest of savvy investors with an increased appetite for risk in 2024. BigBear.ai Holdings (NYSE: BBAI) BigBear.ai operates at the intersection of AI and decision support, catering to cybersecurity and analytics domains.
One of Americaās top commodities experts just stopped by Alabamaās biggest fusion energy plant today to share some very important news with youā¦
One that has to do with the state of the global energy marketsā¦ And how our nationās national security might be on the line if we donāt act nowā¦
You see, this critical resource is running very low.
And what little is left is being stockpiled by government agencies around the world at the fastest pace in decades.
This could lead to a repeat of this energy resourceās BOOM period like we saw in the 2000sā¦
When top stocks skyrocketed as much as 3,379%, 5,973% even 9,149% in a few short years.
Chinaās official growth target for this year is around 5%, Premier Li Qiang said Tuesday in an annual report on the governmentās plans and performance that prioritized both security and the economy.Li said the government would continue with a āpro-active fiscal policy and prudent monetary policy,ā suggesting no major change in the leadershipās approach to pursuing what it calls āhigh qualityā development. He said the government plans to issue 1 trillion yuan (about $139 billion) in āultralong special treasury bondsā in 2024 and over each of the coming several years ā a long hoped-for extra promise of government spending to help support flagging growth.
The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. If you give a hoot about the market, read your copy every Tuesday, Thursday, and Sunday evening.
American Consumer News, LLC dba MarketBeat
345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com
