While the overall sentiment remains significantly bearish for Palantir Technologies (NYSE: PLTR), the company remains undeterred. Its stock has surged almost 50% YTD and more than 200% over the previous year. Having spent the previous two months consolidating in a tight range after earnings, the stock is shaping up for a higher potential move. However, it remains one of the lowest-rated stocks, with healthy short interest and recent insider selling. The bearish sentiment and bullish technical formations make for an interesting scenario. The stock might continue higher, partly d....
Equity markets advanced the prior week as investors priced in economic growth and the first FOMC rate cut in years. Inflation remains hot but on track to hit target rates over the next year, signaling a pivot in Fed policy and economic activity. Next week, the market will focus on labor data and may continue to rally regardless of the news. On the one hand, hot labor data aligns with economic strength, while on the other, weak data will allow the Fed to cut rates sooner: both situations are bullish for stocks.
The timing of the next major market move may come down to the FOMC. Because the market expects a rate cut by summer and inflation is hot, it is possible the FOMC won't cut as soon as hoped or even at all this year. In this scenario, the market could rally until the June FOMC meeting and correct over the summer. Regardless, with the S&P trading at above-average valuations, investors should hoard capital to prepare for the next market downturn.
While the overall sentiment remains significantly bearish for Palantir Technologies (NYSE: PLTR), the company remains undeterred. Its stock has surged almost 50% YTD and more than 200% over the previous year. Having spent the previous two months consolidating in a tight range after earnings, the stock is shaping up for a higher potential move. However, it remains one of the lowest-rated stocks, with healthy short interest and recent insider selling. The bearish sentiment and bullish technical formations make for an interesting scenario. The stock might continue higher, partly d...
The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season
Dividend Kings are high-quality income investments for long-term-oriented investors. Investors don't buy these stocks once and forget about them; they buy them repeatedly, building solid positions that drive portfolio value. Among the qualities of Dividend Kings is the ability to withstand economic cycles, market downturns and lapses in growth to come back better and stronger than before. The trick is knowing when to buy them, but the adage rings true: buy them when they are down. Northwest Natural Is a High-Yielding King to Buy Now Northwest Natural (NYSE: NWN) is a high-yielding Dividend King, paying more than 5.25% with shares at a multi-year low.
Algeria's government has flooded newly opened markets selling subsidized goods with pantry staples to stave off shortages during Islam's holy month of Ramadan, when demand typically increases in Muslim-majority countries and prices tend to rise
As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class designed to withstand exceptionally volatile markets. While bear market funds can be appealing during periods of economic downturn due to their potential to produce returns against market movements, these funds can also be exceptionally volatile and risky. Read on to learn more about bear market funds, how they are managed and how you can use these funds to complement a more complete overall portfolio. Key Takeaway Bear market funds are stock market funds designed to mitigate overall portfolio performance in poorer economic climates.
Walgreens lost nearly $6 billion in its second quarter mainly due to a drop in value for the VillageMD clinic business it controls.Excluding that charge, the drugstore chain reported results Thursday that topped Wall Street expectations.Walgreens spent more than $5 billion a few years ago to acquire a majority stake in VillageMD and launch a plan to add hundreds of clinics to its stores and grow its ability to provide care.But the drugstore chain said Thursday that it recorded a $5.8 billion, after-tax impairment charge for VillageMD in its most recent quarter as it adjusted the asset's value.VillageMD says on its website that it runs 680 locations.
When traders place directional bets on a stock (meaning they are definitely bullish or bearish), they can amplify their returns through options. Options allow for responsible leverage-taking when the timing and magnitude of a stock’s move are relatively certain. A Stampede of put option buyers swept into Delta Air Lines Inc. (NYSE: DAL), which normally means bad news since put option buyers profit if the underlying stock declines. However, based on the market’s language and Wall Street’s expectations, these put options may be more of an insurance factor rather than a direc...
The U.S. economy grew at a solid 3.4% annual pace from October through December, the government said Thursday in an upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 3.2% rate last quarter.The Commerce Department's revised measure of the nation's gross domestic product — the total output of goods and services — confirmed that the economy decelerated from its sizzling 4.9% rate of expansion in the July-September quarter. But last quarter's growth was still a solid performance, coming in the face of higher interest rates and powered by growing consumer spending, exports and business investment in buildings and software.
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