Global Markets Trade Higher After April Sell-Off
The S&P 500 set a new all-time high in May after trading lower in April. The technology-heavy Nasdaq 100 Index gained +6.2% and set a new all-time high, with mega-cap stocks like Nvidia, Apple, Microsoft, and Facebook-parent Meta leading the recovery…READ MORE
Bull case down but not out
Target reported its Q1 2024 earnings on 2024/05/22.
Cutting their price target in response, Trussell argued that “the bull case on Target is down but not out.”
Strong conviction by Citigroup & B. Riley Analysts
Citigroup’s Ronald Josey raised their price target on Wixcom (NASDAQ: WIX) by 15.4% from $175 to $202 on 2024/05/21. The analyst maintained their Strong Buy rating on the stock. READ MORE
VTSI upgraded to strong buy
Lake Street’s Jaeson Schmidt raised their price target on Virtra (NASDAQ: VTSI) by 23.1% from $13 to $16 on 2024/05/15. The analyst maintained their Strong Buy rating on the stock. READ MORE
Rising Treasury Yields Cause Stocks & Bonds to Trade Lower
Stocks continued their upward trajectory in early 2024. The S&P 500 returned more than 10% for a second consecutive quarter, setting multiple new all-time highs along the way. Notably, this quarter saw…
Commodities Outpacing Stocks
This year, the Dow Jones Commodity Index, a measure of 28 different commodities prices, has risen 6.5%, outpacing the S&P 500. Investors and producers are locking in contracts to hedge against increasing costs amid geopolitical risks, environmental disruptions, and supply uncertainties….
Technology In Danger
The US dollar continues to surge on inflation and rate cut fears…..with the currency bucking seasonal trends and now pressing into key supply, we are now at a pivotal point for next likely direction of the US equity markets and commodities.
Make Or Break For The US$
The US dollar continues to surge on inflation and rate cut fears…..with the currency bucking seasonal trends and now pressing into key supply, we are now at a pivotal point for next likely direction of the US equity markets and commodities.
Industrial Production And The Presidential Election
Energy bulls, as represented by the sector ETF ‘XLE’ are now back to testing multi-month and multi-year highs….our three prong approach of seasonals, technicals and fundamentals support a break to make a run to new all time highs
Energy Bulls Knocking On The Door
Energy bulls, as represented by the sector ETF ‘XLE’ are now back to testing multi-month and multi-year highs….our three prong approach of seasonals, technicals and fundamentals support a break to make a run to new all time highs
