Good MorningThe S&P 500 continues to drift near all-time highs. The market is waiting for the next read on inflation, which is due Friday. The data, the PCE price index, is expected to show inflation cooling, but there is risk in the numbers. Even with a modest decline, the PCE will remain well above the Fed's target rate, leaving them with little cause to lower interest rates soon.
The S&P 500 is 1.8% above the 30-day moving average, 3% above the nearest target for firm support, and nearly 10% above critical support, putting it in a precarious position. The market position and divergent and weakening indicators suggest the market is ready to sell. In this scenario, a good PCE report may not be enough to keep the index advancing, but the news has a silver lining. The outlook for earnings growth drives the market higher, not interest rates or inflation; so long as that remains positive, a summer correction will be an excellent time to buy quality stocks. Featured: A new way to collect income from stocks (DTI) 
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Markets | | | Occasionally, Wall Street fund managers come down from their ivory towers and let the rest of Main Street into some of the plays they have been making. These institutions manage the nation’s pensions and other crucial investment vehicles, so when their insights are released, it pays to keep ... Read the Full Story >> |
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Markets | | | The U.S. consumer is going through one of the most significant constraints in the economy of all its fast food with the growing burning hole at the bottom of their pockets. With fast food being higher than the Federal Reserve’s (the Fed) goal of 2%, employees at work won’t do it anymor... Read the Full Story >> |
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Stocks | | | Nvidia shares rebounded Tuesday, halting a three-day skid that had surprised many investors and wiped away more than $400 billion in market value. Early last week, Nvidia overtook Microsoft as Wall Street's most valuable public company. Then it fell 13% over three days, its worst such stretch since ... Read the Full Story >> |
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Markets | | | Enovix (NASDAQ: ENVX) stock surged 35% in a single day, and it looks like the rally has legs and room to run. The technical signal is strong, and fundamental factors are in play. Those factors include a new deal to supply batteries for a virtual reality headset that points to a new reality for ENV... Read the Full Story >> |
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Markets | | | Shares fell Thursday in most world markets ahead of a key U.S. inflation report due Friday that might point the way ahead for interest rates. Hong Kong led the decline, falling more than 2%. U.S. futures also fell, while oil prices rebounded. In early European trading, the CAC 40 in Paris fell 0.2% ... Read the Full Story >> |
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Markets | | | Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold.Shares in Amazon.com Inc. finished the day up almost 4%, giving the Seattle-based company a stock market valuation of $2.01 trillion. Its stock has ... Read the Full Story >> |
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Markets | | | Open markets and green technologies are vital for stabilizing global growth, China's premier said Tuesday, while criticizing trade tensions as he opened a conference in northeastern China.Premier Li Qiang told political and business leaders attending the World Economic Forum Annual Meeting of the Ne... Read the Full Story >> |
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Markets | | | FedEx’s (NYSE: FDX) focus on efficiency in the face of troubled operating conditions is why this stock can set a fresh high this year. The fiscal Q4 results delivered exactly what the market wanted and more, suggesting momentum is building and guidance is cautious. Takeaways from the repor... Read the Full Story >> |
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Markets | | | General Mills (NYSE: GIS) is the global food manufacturing sector giant known for iconic brands like Cheerios, Yoplait, Pillsbury, and Blue Buffalo. General Mills' earnings report for the fourth quarter and full-year fiscal 2024 revealed a disappointing performance, which sent General Mills' sto... Read the Full Story >> |
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Stocks | | | Southwest Airlines, already under pressure from a hedge fund for disappointing financial results, said Wednesday that a key revenue ratio will be weaker than expected because of changes in how consumers book travel.The airline said it still expects second-quarter revenue to hit a record.However, Sou... Read the Full Story >> |
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Thursday's Early Bird Stock Of The Day Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas. This segment also offers Percipio, an AI-driven online learning platform that delivers a lea... | | View Today's Stock Pick |
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