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Friday's Market Minute: Technology Stocks Overshadow Concerns of the Debt Ceiling
Friday, May 26, 2023 - 11:19am | 408Read More...Equites were mixed in yesterday’s trading, with the Nasdaq remaining in a strong continuation pattern on the back of strong revenue guidance from Nvidia (NVDA) while the broader S&P 500 is still unable break above late January highs. The recent excitement around technology stocks has...
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Price Hike: Inflation Kept Growing in April, Raising Rate Concerns as Debt Ceiling Debate Continues
Friday, May 26, 2023 - 11:14am | 2133Read More...(Friday market open) We’re getting close to the so-called “X-date” of June 1 when the government might run out of funds to pay its bills. The general idea on Wall Street is that a deal will be made to avoid default. Progress was made between congressional leaders and...
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Thursday's Market Minute: Nvidia Soars After Earnings, Fueled By Surging AI Demand
Thursday, May 25, 2023 - 10:11am | 391Read More...Nvidia (NASDAQ: NVDA) shares were up more than 30% in premarket trading, rocketing into all-time intraday highs after reporting quarterly results that beat on both earnings and revenue. The chipmaker notched adjusted EPS of $1.09, beating estimates by $0.17, and also posted revenue of about $7.19...
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Nvidia's Strong Earnings, Outlook Help Lift Stocks As Debt Ceiling Negotiations Continue
Thursday, May 25, 2023 - 9:46am | 2227Read More...(Thursday market open) Debt ceiling progress remains elusive with a week to go until the “X-date” when U.S. coffers run dry, but the stock market has a mixed tone this morning thanks to chipmaker Nvidia (NASDAQ: NVDA) crushing earnings expectations and offering a...
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Wednesday's Market Minute: One Last Regional Bank Twist
Wednesday, May 24, 2023 - 1:42pm | 503Read More...Tuesday’s trading session was interesting because it was basically the opposite of what’s been the norm for the past quarter. Regional bank stocks rallied while the rest of the market slid, with high-quality mega-cap tech stocks doing the worst. There are lots of cross-currents right...
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As Debt Ceiling Talks Wobble, Investors Look To May Fed Minutes, Nvidia Earnings For Direction
Wednesday, May 24, 2023 - 1:33pm | 2415Read More...(Wednesday market open) Investors seeking distraction from the ticking debt ceiling countdown clock get some this afternoon in the form of Federal Reserve meeting minutes and Nvidia (NASDAQ: NVDA) earnings. Ahead of that, major indexes resumed their decline in premarket trading...
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Tuesday's Market Minute: Previewing Toll Brothers & Costco
Tuesday, May 23, 2023 - 11:02am | 377Read More...While we’re reaching the end of this quarter’s earnings season, a few big names remain. Toll Brothers (NYSE: TOL) reports after the bell today, and Costco (NASDAQ: COST) reports Thursday – housing and food. Both will be important for insight into the economy and the consumer....
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Digging In: As Lowe's Struggles And Dick's Sprints, Everyone's Waiting For Movement In Washington
Tuesday, May 23, 2023 - 10:52am | 2193Read More...(Tuesday market open) Despite lack of progress on the debt ceiling, Wall Street continues to behave as if a deal is likely to happen. Major indexes dropped slightly early Tuesday, but volatility remains muted and the dollar keeps climbing. There was no “get-out-of-jail...
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Monday's Market Minute: Crucial Debt Talks Ongoing
Monday, May 22, 2023 - 11:53am | 362Read More...With President Biden and House Speaker Kevin McCarthy set to resume debt ceiling talks today, both sides seem willing to negotiate and have signaled progress, but still have yet to come to a deal ahead of the crucial June deadline. In addition to ongoing debt ceiling negotiations this week, traders...
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Debt Ceiling, Retail Worries Preview A Potentially Volatile Week On Wall Street
Monday, May 22, 2023 - 11:49am | 1938Read More...(Monday market open) Emerging from their best week since March, major stock indexes treaded water early Monday ahead of what could be a dramatic week highlighted by concerns over the U.S. debt ceiling. Retail earnings, Fed speeches, and several bearish developments in the sizzling info...
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Friday's Market Minute: The Most Expensive Bull Cycle Yet?
Friday, May 19, 2023 - 12:11pm | 497Read More...The S&P 500 recently achieved a milestone within this ‘bear market’ cycle by surpassing the 4,200 level (4198.05), a level we have not reached since a brief roundtrip in August of the previous year. The frenzy surrounding A.I. has completely transformed the market, with nearly every...
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Washington Watch Continues As Debt Ceiling Talks, Powell Remarks Overhang Recent Rally
Friday, May 19, 2023 - 12:05pm | 2112Read More...(Friday market open) Stocks are on pace for their best week since March, but Fed Chairman Jerome Powell and the debt battle in Washington, D.C., hang over Wall Street as the weekend approaches. Optimism abounded on Wall Street Thursday amid hopes that the debt ceiling standoff would end...
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Thursday's Market Minute: Bitcoin Buckling Below Support
Thursday, May 18, 2023 - 12:51pm | 332Read More...Bitcoin futures are in a potentially difficult situation for bulls lately, as the /BTC contract has fallen below an area many technicians likely have been keeping an eye on; the opening after the gap that began in June near 27,355 and that prompted a 20% one-session plunge. /BTC battled its way...
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Bargain Hunting: Shoppers Flock To Walmart In Company's Latest Quarter, Keeping Spirits Up On Wall Street
Thursday, May 18, 2023 - 12:47pm | 2112Read More...(Thursday market open) After quarterly reports from Home Depot (NYSE: HD) and Target (NYSE: TGT) disappointed investors earlier this week, Walmart (NYSE: WMT) broke the streak today with earnings that easily beat analysts’ estimates and appeared to lift...
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Wednesday's Market Minute: This Bull Run Is Looking Weary
Wednesday, May 17, 2023 - 12:10pm | 500Read More...The 9-month chart for the S&P 500 looks something like an ascending triangle: steady, stair-step higher lows that lead right up to a battle-tested ceiling at the 4,200 level. The momentum of such a chart favors a breakout higher, but the longer it takes, the more the odds shift in favor of a...
















