Equity markets started the week on solid footing, holding steady from the previous week’s close at record highs. The resilience is noteworthy ahead of this week’s CPI data and FOMC meeting, which may alter the outlook for inflation and interest rates. The CPI is expected to show inflation slowing on a month-to-month basis but for the year-over-gains to be steady compared to the prior reading. At these levels, near 3.5%, the market should not expect to see a rate cut until next year because of the pace. At the current pace, core inflation may not hit the target 2.0% level for several more quarters, leaving the FOMC no choice but to keep rates high.
The S&P 500 may continue to move higher regardless of what the Fed says in its statement. Short of an expectation for economic catastrophe, hot inflation means demand and business activity, both driving S&P earnings growth. The market can sustain higher index prices as long as earnings continue to grow. When that situation changes, look out below.
Investors tend to focus on only two main ways to get their money’s worth out of buying a stock. Typically, the classic ‘buy low and sell high’ approach is the first goal for everyone who buys a stock, especially when it is a speculative venture such as holding so-called ‘me…
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XPeng Inc. (NYSE: XPEV) is a leading Chinese smart electric vehicle (EV) maker primarily serving the Chinese domestic market. The company is focused on the mid to high-end market with its premium EVs outfitted with advanced driver-assistance systems (ADAS) integrated with connectivity, interactive…
Marvell Technology Inc. (NASDAQ: MRVL) is a leading semiconductor company in the computer and technology sector sector that designs and manufactures high-performance chips. They are a powerhouse when it comes to their largest market addressing data infrastructure solutions and data centers. While …
Vetted by Microsoft’s engineers. Here’s 1 hot AI company that every investor should see. This AI company’s team had 4 M&A exits, including a sale to Microsoft.
Shares of Robinhood Markets Inc. (NASDAQ: HOOD) have already had a massive run so far into 2024. Still, the new up-and-comer asset manager must look for ways to keep delivering further growth for its investors and customers. Investors should watch out for how this stock creates a brand moat before…
On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Bid…
Ambarella Inc. (NASDAQ: AMBA) is a semiconductor developer focused on creating system-on-a-chip (SoCs) optimized for computer vision applications. Ambarella is actively participating in the edge artificial intelligence (AI) revolution. Its SoCs integrate image signal processors (ISPs) and hardwa…
World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of the Federal Reserve.The future for the S&P 500 shed 0.1% and that for the Dow Jones Industrial Average was down 0.2%.Britain’s FTSE 100 lost 0.3% to 8,205.0…
Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.Shares in the airline rose 7% Monday, their second-best day since 2020.In a letter …
After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch
The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.The revision was due to private sector investments, at minus 0.4%, up from the previous minus 0.5%.Sea…
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name. It also provides relaxed casual shoes and sandals un…
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