Article By:
Stefan Gleason
Tuesday, April 30, 2024 12:30 PM EDT
If the hotter-than-expected March CPI data wasn't enough to convince you, there is more evidence that the "cooling inflation" we saw late last year was transitory.
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Article By:
Lorimer Wilson
Tuesday, April 30, 2024 11:40 AM EDT
Constellation Brands has a 39% stake in Canopy but has announced that it has converted its stake in Canopy to a new category of shares which will result in an overall reduction in debt on the Canopy's balance sheet in the amount of C$100 million.
In this article: CGC, CRON, ACB, OGI
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Article By:
Andrew Rocco
Tuesday, April 30, 2024 11:02 AM EDT
With the advent of smartphones and other modern luxuries, it is becoming increasingly more apparent that the modern consumer is looking for speed and convenience in all aspects of life.
In this article: HTZ Also: AAPL, TSLA, UBER, LYFT, ABNB
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Article By:
Przemyslaw Radomski, CFA
Tuesday, April 30, 2024 10:33 AM EDT
Consolidations, pauses, and breathers are the same thing (their length differs) and they serve one purpose – to cool down people’s emotions and prepare them for the next moves.
In this article: GLD, SLVR
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Article By:
Stefan Gleason
Tuesday, April 30, 2024 10:21 AM EDT
Could the movement of gold from West to East set the stage for a gold-backed currency?
Some analysts think that might be the case.
And if that is the direction the world is heading, it would be disastrous for the U.S. dollar.
In this article: GLD, UUP
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Article By:
Paul Rejczak
Tuesday, April 30, 2024 9:56 AM EDT
Monday’s trading session didn’t bring much change for the stock market, with the S&P 500 index gaining 0.32% and slightly extending its last week’s rebound.
In this article: QQQ, DIA, SPX
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Article By:
Peter Mathers
Tuesday, April 30, 2024 9:39 AM EDT
The details section provides a deeper look into the current phase of the wave structure. According to the analysis, red wave C of B is considered completed, signaling the end of this specific wave sequence.
In this article: FXA, FXB
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Article By:
Monica Kingsley
Tuesday, April 30, 2024 9:31 AM EDT
S&P 500 had a relatively uneventful session, but still managed to close up on improving market breadth – all without XLF taking part.
In this article: QQQ, DIA, SPX
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Article By:
Zacks Investment Research
Tuesday, April 30, 2024 9:22 AM EDT
Inflation has the biggest and most far-reaching impact on consumer discretionary. When prices of consumer goods are in a state of continuous increase, people rein in spending on non-essential goods.
In this article: FDLSX, FSRPX, XLY
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Article By:
James Harte
Tuesday, April 30, 2024 8:52 AM EDT
The eurozone flash CPI estimate, released this morning, showed that headline inflation in the single currency bloc remains unchanged at 2.4% last month.
In this article: FXE
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When considering IBM’s stock price forecast 2024, it is essential to focus on the overall trend rather than fixating on specific price targets.
The Mag 7 companies are expected to bring in 20.6% of the S&P 500 index’s total earnings in 2024.
If we want 2% inflation, then we need M to grow about 2% faster than GDP.
The likelihood of any reduction in interest rates is low as the market awaits the commencement of the upcoming FOMC meeting. CME data shows that 97.3% of respondents believe that rates will stay the same.
There are jitters ahead of the FOMC meeting on Tuesday and Wednesday, with for sure more focus on what Chairman Powell provides as to future guidance.
Hyundai Motor Co. manufactures and distributes motor vehicles and parts. The group operates in three segments: (1) vehicle, (2) finance, and (3) other. Over the past year, Hyundai’s share price increased about 45.65% as of Monday’s market close.
Currently, the SPX has made higher highs and the SPX/VIX ratio also has made higher highs showing no negative divergence and the bigger trend is up.
