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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
Market Insights: Navigating the Week Ahead
As the markets take a breather this weekend, traders brace for an eventful week with key corporate earnings and central bank decisions on the horizon. Brace for insights from entertainment giants like Disney, Uber, and Warner Bros. Discovery as they unveil their quarterly scorecards.
Meanwhile, the AI revolution continues to fuel market optimism, while the Federal Reserves policy stance remains a focal point. Across the pond, the Bank of England and Reserve Bank of Australia decisions could steer currency and bond trajectories. Stay tuned for signals from the U.S. that may hint at potential rate cuts.
$NEE Upgraded by analysts citing its supercharged dividend growth opportunity. 30 straight years of payout hikes, 11% 10-year CAGR. Renewable energy leadership positions $NEE to keep delivering magnificent dividend growth.
Current Market Vibes ๐
The tech rally is fueling the markets today as solid earnings from giants like $MSFT and $GOOGL lift investor sentiment. But the Dow is lagging, weighed down by Boeing ($BA) and Johnson & Johnson ($JNJ). Mixed signals! ๐คทโโ๏ธ
Overall, markets seem indecisive about the near-term direction. Inflation worries persist, but strong tech profits could keep the party going a while longer. Expect more chop as bulls and bears duke it out. ๐ฅ
Market Movers - The Week Ahead
Six Big Tech titans report earnings: $TSLA $META $GOOGL $MSFT $INTC $AMZN - Market awaits impact on rates/growth outlook
Feds preferred inflation gauge PCE to offer clues on future rate trajectory
Israel-Iran tensions flare amid Hamas conflict & Ukraine war rages on - Brace for oil volatility
$XOM $CVX and other energy majors in spotlight amid global supply crunch
Week Ahead should strap in for a whirlwind of key events that could drive volatility:
Major tech titans and pharma giants report earnings, setting the tone for broader sectors. Investors await guidance amid economic headwinds.
The Fed's preferred inflation gauge takes centerstage, carrying implications for future rate decisions. Any surprises could trigger swift repricing.
First read on Q1 growth, along with the Bank of Japan's policy move, adds to the long list of crucial data points.
Escalating Middle East tensions and the ongoing Russia-Ukraine conflict remain an overhang on sentiment.
Saturday Market Recap: Tech Slides, Energy Rises, Cannabis Sparks
Stocks ended a volatile week on a mixed note as the tech-heavy Nasdaq lagged while energy names rallied. The S&P 500 fell 0.88% to notch its worst weekly performance in over a year.
Tech took a hit as investors braced for key $AAPL $AMZN $MSFT earnings next week.
Oil pulled back on easing Mideast tensions. The sector could see more volatility on supply concerns.
Cannabis shares sparked up ahead of 4/20 celebrations.
Overall sentiment remains cautious amid stubborn inflation and Fed rate hike fears. Next week's tech earnings, along with economic data, could dictate the market's near-term direction.
Pre-Market Pulse: Navigating Turbulence and Tensions ๐๐
๐ด S&P 500 dividend futures hint at impending turbulence, while the index itself is poised for a fifth consecutive session of losses amid lingering macroeconomic concerns.
๐ด Geopolitical risks escalate as Israel conducts a limited strike against Iran, adding to market jitters. Closely monitor developments in this volatile region.
๐ด Dow Jones futures are down, reflecting investor caution as the tech-heavy Nasdaq braces for potential impact from the intensifying Middle East situation.
๐ด The CNN Money Fear and Greed index remains entrenched in the "Fear" zone, indicating elevated investor anxiety despite recent market gains.
Analysts see signs of a potential market inflection coming in the second half of April as earnings season ramps up.
Bank of America forecasts the S&P 500 could soar 19% by August 2025, advising investors not to lose sight of the broader bull market.
๐ Market Close Recap:
The major indexes had a mixed performance today. The Nasdaq Composite fell 0.2% to 15,865, while the Dow Jones rose 0.13% to 37,784. The S&P 500 also dipped 0.29% to 5,047.
Healthcare stocks gained 0.2%, while real estate shares fell 1.8%. Notable movers included $MBUU, which surged 57% after signing a licensing deal, and $WISA, which jumped 97% on a WiSA E agreement.
Market Insights:
๐ค As we enter the trading day, the markets are navigating a complex landscape with concerns over inflation, earnings season, and global economic trends.
๐จ The S&P 500, Nasdaq, and Dow Jones all faced significant declines last week as earnings season amplified worries about the ongoing battle against inflation. This signals increased market turbulence ahead.
Market Recap:
Stocks ended the trading session on a sour note, with the major indexes closing firmly in the red as late-day selling pressure weighed on the market. The S&P 500 fell 1.2%, the Dow lost 0.65%, and the Nasdaq tumbled 1.65% amid weakness in big tech names like $TSLA, $NVDA. Investors digested mixed economic data and rising bond yields, contributing to the overall risk-off sentiment. $MSFT and other megacap tech stocks underperformed, highlighting the market's uncertainty. Despite the broad selloff, pockets of strength were seen in some sectors, suggesting a mixed trading environment.
Monday Market Insights:
As the market opens this Monday, experts are weighing in on the latest trends and outlook. Despite some easing of geopolitical tensions, there are still macro headwinds like earnings and Fed commentary that traders need to navigate.
Analysts note that the S&P 500 has pulled back slightly in the first two weeks of April, while the Nasdaq has managed to eke out modest gains. This suggests the market rally may be losing some steam heading into expiration week.
However, caution against getting too bearish just yet. They advise closely monitoring key technical levels on the VIX and S&P 500 to gauge whether the recent momentum can be sustained.
Multiple Stocks Break Below 200-Day Moving Average ๐
$CWH traded as low as $24.48, currently off about 5.6%.
$TRP traded as low as $50.72, currently off about 2%.
$QSR traded as low as $72.39, currently down about 2.3%.
$EWL traded as low as $45.80, currently off about 1.4%.
$PRLB traded as low as $32.81, currently off about 3.5%.
$VOYA traded as low as $69.95, currently off about 0.6%.
#TechnicalAnalysis suggests a potential shift in momentum for these stocks. Traders should monitor price action and volume to confirm the bearish trend.
Additionally, $GANX and $GRPN have entered oversold territory after declining 25.9% and 39.5% over the past four weeks, respectively. This may indicate a potential trend reversal if Wall Street analysts are correct
Tuesday Market Close: Cautious Trading Ahead of Key Data
Stocks saw mixed trading today as investors turned cautious ahead of Wednesday's crucial U.S. CPI report and the start of earnings season. The S&P 500 and Nasdaq managed modest gains, but the Dow edged slightly lower. Energy stocks were a bright spot, with 3 in the S&P 500's top 10 performers YTD as oil prices reached $90/barrel. Overall, the market remains on edge, with traders closely watching economic data and corporate results for clues on the path forward. Stay tuned as the busy week unfolds.
The stock market showed modest gains today as investors digested a mix of positive corporate news and rising bond yields.
Key highlights:
Wells Fargo hiked its year-end S&P 500 target to 5,535, implying further upside potential
Morgan Stanley said the market is pricing in a "no landing" economic scenario
Short-dated Nasdaq-100 index options continue to captivate traders
Gold outperformed the S&P 500 so far this year amid shifting Fed policy expectations.
While the major indexes posted modest advances, the mixed trading signals suggest investors remain cautious but optimistic about the market's near-term prospects. Traders should closely monitor the evolving economic and interest rate landscape for further cues on the market's direction.
๐ Friday Key Technical Indicators:
$USAP hits 52-week high at $27.1
$SCOR enters oversold territory
$TT hits fresh high at $306.13
$AMG hits 52-week high at $168.63
$ZGN crosses below 200 DMA
$PFE hits 52-week low
$PKX enters oversold territory
$CABO shows relative strength
๐ Friday Analyst Upgrades:
$NTRA upgraded at Bernstein on gross margin trajectory.
$SOFI upgraded at KBW after year-to-date slump.
$CNK double-upgraded at Wells Fargo on structurally better demand.
$WDC upgrades Western Digital to Buy, hikes PT to $115.
$AXP upgraded at Moness Crespi on high-end consumer strength.
$FHN raised to Outperform at KBW in higher-for-longer rate environment.
The stock market closed lower after hawkish comments from the Federal Reserve knocked stocks off their early gains.
Earlier in the day, stocks had opened higher on expectations of a slowing labor market, which could bolster the case for rate cuts starting in June. Data showed a surge in last week's unemployment claims, exceeding predictions. Economists anticipated a moderation in nonfarm payrolls and easing in average hourly earnings growth.
However, the market sentiment soured later in the day after the Fed's hawkish comments, which dampened hopes of rate cuts. Stocks on major indexes gave up their early advances and sold off to end the session in the red.
๐ Key Technical Indicators Today:
$MSFT nears all-time high, potential buy with AI advancements.
$LW Holdings shows relative strength alert, indicating potential.
$ENPH crosses above 200 DMA, bullish momentum.
$MSCI makes ish cross above critical moving average, bullish trend.
$AMZN nears peak, with strong uptrend evident.
$ISRG stock has 20% upside, potential buy signal near all-time high.
$COR soars to 52-week high, worth monitoring.
$VTSI hits 52-week high, continued momentum expected.
$CR hits fresh high, watch for potential further gains.
$TWLO approaches death cross, potential change in trend.
$PFGC shows relative strength al
๐ Today's Upgrades:
$BFH Wolfe Research raises Bread Financial to Outperform on improved credit quality.
$SPOT Spotify initiated with a Buy rating, analysts anticipate another beat.
$BEP Enterprise Products vs. Brookfield Renewable, only one tagged as a Strong Buy.
$EVR Wayfair potential to rally over 28%, analysts revise outlooks.
$TMO Thermo Fisher Scientific among CNBC's Final Trades, seen performing well each quarter.
๐ Today's Upside Potential:
$AMZN Analysts foresee upside for Amazon amidst market chatter.
$COST Wall Street sees 11% upside for Costco Wholesale.
$CR Crane Company hits fresh high, analysts speculate on further growth.
$EE Excelerate Energy could surge 44.44%, say analysts.
$FLNT Confluent emerges as a top growth stock with under-the-radar potential.
$ISRG Intuitive Surgical has 20% upside, analysts bullish near all-time high.
$META Meta Platforms eyes 15% upside driven by strong advertising growth.
$GLUE Monte Rosa Therapeutics may rally 107.79%, as per analysts' expectations.
$SOFI SoFi Technologies could see 31% upside, initiated with buy rating.
$SNPS Synopsys hints at poten
๐๐ Crypto market insights
๐ฎ๐ As the halving approaches, miners are strategizing amid record profits! โ๏ธ๐ Could this impact Bitcoin's future trajectory? ๐ค๐ฅ
๐๐ Meanwhile, Bitcoin ETFs see mixed net inflows, with one fund recording a significant outflow. ๐๐ผ What does this mean for investor sentiment? ๐ค๐
๐ฐ๐ญ Renowned crypto analyst predicts a potential breakout for Bitcoin, projecting a staggering $500K by 2025! ๐๐ Are we on the brink of a monumental surge? ๐ฅ๐ฅ
๐๐คฏ A new meme coin, CHUCK, skyrockets 25,800% in just hours, overshadowing even Dogecoin and Shiba Inu! ๐๐ฅ Are we witnessing the birth of the next crypto sensation? ๐๐ผ
๐๐ Ethereum and other major cryptos experience fluctuations amidst high selling pressure. ๐๐ค Will they regain momentum soon? ๐ฅ๐
Market Insights for This Trading Wednesday! ๐
The S&P 500 and Nasdaq are struggling early in Q2, but analysts see reasons for optimism ahead. Key sectors like tech could be primed for a major bounce back! ๐
Inflation remains a wild card, with opinions split on whether the Fed has it tamed. All eyes on Powell's speech later today for clues on rate hikes! ๐
Meanwhile, the Russell 2000 is looking ripe for gains after the recent sell-off. Small caps could be the place to hunt for value! ๐
Corporate earnings season is right around the corner too. Experts say to watch names like Micron and Uber as potential big movers! ๐ฃ
$RIVN Sales Jumped 70% - Why Is It Losing 5%?
Production and delivery numbers for the first quarter of 2024 were in line with Rivian expectations, the company said. Management is reaffirming the full-year production forecast of 57,000 vehicles.
Rivian sales grew over 70% year-over-year from 7,946 vehicles delivered in Q1 2023. Production increased 49%. In Q4 last year, the company delivered 13,972, so there is a slight quarter-over-quarter decline in deliveries.
Despite the sales jump, investors are worried about EV market softness weighing on Rivian. While hitting production/delivery targets, slowing demand and investor sentiment concerns are pressuring the stock.
Wall Street Jitters Continue as Q2 Kicks Off ๐ข
๐ป Dow drops 400 pts, extending Q2 slump
๐ก๏ธ Hot manufacturing data fuels rate hike fears
๐ค AI stocks powered Q1 S&P 500 gains
๐ Historic Q1 rally flashes bullish 2024 signals
๐ฎ Analysts see mixed outlook amid volatility
The market opened on a sour note Tuesday as Wall Street's jitters carried over into the new quarter. The Dow plunged 400 points while the S&P 500 and Nasdaq also ticked lower.
Investors are closely watching key economic data and Fed speeches for clues on the rate hike path. Hot manufacturing numbers are stoking concerns of more aggressive tightening ahead.
Meanwhile, AI stocks like $MSFT $NVDA $AMD emerged as Q1 winners, driving the S&P 500's stellar 10%+ gains. This marked only the 9th time since 1940 that such a strong Q1 rally flashed bullish signals for the year ahead.
However, analyst opinions remain divided, with some seeing further upside and others urging caution amid the volatility. Buckle up for an exciting ride as Q2
Markets Kick Off April with a Downbeat Tune
Phew, what a start to the new month and quarter! The trading session was a roller coaster ride, with the major indexes ultimately closing in the red. ๐ป
The Dow took a 200+ point hit, shedding 0.6%, while the S&P 500 slipped 0.2%. Even the tech-savvy Nasdaq couldn't escape the sell-off, dipping 0.5%. ๐ป
Treasury yields jumped, casting doubt on whether the Fed will deliver the expected rate cuts later this year. Investors seem torn between economic resilience and recession fears. ๐ค
crypto traders had a mixed bag too - Bitcoin dropped below $70K, but meme mania was in full swing as Dogecoin skyrocketed to 2-year highs before paring gains. ๐ถ๐
All in all, it was a choppy start to April. But don't fret, there's plenty of action ahead! Stay tuned for more market thrills and spills as earnings season kicks into high gear. ๐๐
Let's dive into some of the top performers and headline-makers from the past week! ๐๐ฐ
$MESO - Mesoblast Limited ๐
Mesoblast shares surged 78.6% after the FDA approved resubmission of their Phase 3 therapy data for treating serious complications in children following stem cell transplants. The company will file a Biologics License Application (BLA) for Remestemcel-L in children with Steroid-Refractory Acute Graft Versus Host Disease (SR-aGVHD).
$BCAB - BioAtla Inc. ๐งช
BioAtla reported its Q4 earnings results, beating estimated earnings by 28.99%. The company highlighted recent progress and discussed upcoming plans during their earnings call. Stay tuned for more updates!
$OTLK - Outlook Therapeutics ๐๏ธ
Outlook Therapeutics shares rose after receiving a buy rating from BTIG. The company also filed to sell 21.43M common shares for holders and filed for a $300M mixed securities shelf.
$GRWG - GrowGeneration Corp. ๐ฟ
GrowGeneration announced a share repurc
Crypto Experts Warn of Risks Amid Volatility ๐จ
Analysts urge traders to exercise caution as Bitcoin reclaims $70K. The momentum could be fleeting amidst macroeconomic headwinds. "Don't get caught up in the hype," cautions one strategist. "This rally may not have legs."
Halving Speculation Overblown? ๐
While the upcoming Bitcoin halving is fueling bullish narratives, veterans advise curbing your enthusiasm. "We've seen this movie before," a veteran trader scoffs. "The halving pump often disappoints." Expect volatile swings post-halving.
Meme Coin Mayhem ๐คก
The resurgence of meme coins like Dogecoin has experts questioning market sanity. "It's gambling, not investing," slams a crypto skeptic. "When joke currencies drive markets, it signals froth and insane risk appetites."
Regulatory Risks Loom ๐ซ
Don't discount regulatory risks, warns a Wall Street analyst. "With lawsuits, crackdowns and tax scrutiny intensifying, the crypto space is a regulatory tinderbox." Tread very carefully in this uncertain climate.
๐ Monday Market Recap: Tech Rally Lifts Indices Despite Fed Concerns
The stock market kicked off the week on a positive note, with major indices gaining ground amid a tech-fueled rally. Nasdaq led, up nearly 1% as investors flocked to megacap tech stocks like Alphabet, Tesla, and Nvidia ahead of Nvidia's AI conference.
S&P 500 and Dow also edged higher, up 0.63% and 0.2%, but concerns over the Fed's upcoming rate decision capped gains. Investors await fresh guidance on future policy moves.
Market Analysis:
Investor sentiment improves as S&P 500 surges to fresh highs. CNN Money Fear and Greed index signals "Extreme Greed"
ABOUT
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
stocksrunner
Author Profile
Market Insights: Navigating the Week Ahead
As the markets take a breather this weekend, traders brace for an eventful week with key corporate earnings and central bank decisions on the horizon. Brace for insights from entertainment giants like Disney, Uber, and Warner Bros. Discovery as they unveil their quarterly scorecards.
Meanwhile, the AI revolution continues to fuel market optimism, while the Federal Reserves policy stance remains a focal point. Across the pond, the Bank of England and Reserve Bank of Australia decisions could steer currency and bond trajectories. Stay tuned for signals from the U.S. that may hint at potential rate cuts.
$NEE Upgraded by analysts citing its supercharged dividend growth opportunity. 30 straight years of payout hikes, 11% 10-year CAGR. Renewable energy leadership positions $NEE to keep delivering magnificent dividend growth.
Current Market Vibes ๐
The tech rally is fueling the markets today as solid earnings from giants like $MSFT and $GOOGL lift investor sentiment. But the Dow is lagging, weighed down by Boeing ($BA) and Johnson & Johnson ($JNJ). Mixed signals! ๐คทโโ๏ธ
Overall, markets seem indecisive about the near-term direction. Inflation worries persist, but strong tech profits could keep the party going a while longer. Expect more chop as bulls and bears duke it out. ๐ฅ
Market Movers - The Week Ahead
Six Big Tech titans report earnings: $TSLA $META $GOOGL $MSFT $INTC $AMZN - Market awaits impact on rates/growth outlook
Feds preferred inflation gauge PCE to offer clues on future rate trajectory
Israel-Iran tensions flare amid Hamas conflict & Ukraine war rages on - Brace for oil volatility
$XOM $CVX and other energy majors in spotlight amid global supply crunch
Week Ahead should strap in for a whirlwind of key events that could drive volatility:
Major tech titans and pharma giants report earnings, setting the tone for broader sectors. Investors await guidance amid economic headwinds.
The Fed's preferred inflation gauge takes centerstage, carrying implications for future rate decisions. Any surprises could trigger swift repricing.
First read on Q1 growth, along with the Bank of Japan's policy move, adds to the long list of crucial data points.
Escalating Middle East tensions and the ongoing Russia-Ukraine conflict remain an overhang on sentiment.
Saturday Market Recap: Tech Slides, Energy Rises, Cannabis Sparks
Stocks ended a volatile week on a mixed note as the tech-heavy Nasdaq lagged while energy names rallied. The S&P 500 fell 0.88% to notch its worst weekly performance in over a year.
Tech took a hit as investors braced for key $AAPL $AMZN $MSFT earnings next week.
Oil pulled back on easing Mideast tensions. The sector could see more volatility on supply concerns.
Cannabis shares sparked up ahead of 4/20 celebrations.
Overall sentiment remains cautious amid stubborn inflation and Fed rate hike fears. Next week's tech earnings, along with economic data, could dictate the market's near-term direction.
Pre-Market Pulse: Navigating Turbulence and Tensions ๐๐
๐ด S&P 500 dividend futures hint at impending turbulence, while the index itself is poised for a fifth consecutive session of losses amid lingering macroeconomic concerns.
๐ด Geopolitical risks escalate as Israel conducts a limited strike against Iran, adding to market jitters. Closely monitor developments in this volatile region.
๐ด Dow Jones futures are down, reflecting investor caution as the tech-heavy Nasdaq braces for potential impact from the intensifying Middle East situation.
๐ด The CNN Money Fear and Greed index remains entrenched in the "Fear" zone, indicating elevated investor anxiety despite recent market gains.
Analysts see signs of a potential market inflection coming in the second half of April as earnings season ramps up.
Bank of America forecasts the S&P 500 could soar 19% by August 2025, advising investors not to lose sight of the broader bull market.
๐ Market Close Recap:
The major indexes had a mixed performance today. The Nasdaq Composite fell 0.2% to 15,865, while the Dow Jones rose 0.13% to 37,784. The S&P 500 also dipped 0.29% to 5,047.
Healthcare stocks gained 0.2%, while real estate shares fell 1.8%. Notable movers included $MBUU, which surged 57% after signing a licensing deal, and $WISA, which jumped 97% on a WiSA E agreement.
Market Insights:
๐ค As we enter the trading day, the markets are navigating a complex landscape with concerns over inflation, earnings season, and global economic trends.
๐จ The S&P 500, Nasdaq, and Dow Jones all faced significant declines last week as earnings season amplified worries about the ongoing battle against inflation. This signals increased market turbulence ahead.
Market Recap:
Stocks ended the trading session on a sour note, with the major indexes closing firmly in the red as late-day selling pressure weighed on the market. The S&P 500 fell 1.2%, the Dow lost 0.65%, and the Nasdaq tumbled 1.65% amid weakness in big tech names like $TSLA, $NVDA. Investors digested mixed economic data and rising bond yields, contributing to the overall risk-off sentiment. $MSFT and other megacap tech stocks underperformed, highlighting the market's uncertainty. Despite the broad selloff, pockets of strength were seen in some sectors, suggesting a mixed trading environment.
Monday Market Insights:
As the market opens this Monday, experts are weighing in on the latest trends and outlook. Despite some easing of geopolitical tensions, there are still macro headwinds like earnings and Fed commentary that traders need to navigate.
Analysts note that the S&P 500 has pulled back slightly in the first two weeks of April, while the Nasdaq has managed to eke out modest gains. This suggests the market rally may be losing some steam heading into expiration week.
However, caution against getting too bearish just yet. They advise closely monitoring key technical levels on the VIX and S&P 500 to gauge whether the recent momentum can be sustained.
Multiple Stocks Break Below 200-Day Moving Average ๐
$CWH traded as low as $24.48, currently off about 5.6%.
$TRP traded as low as $50.72, currently off about 2%.
$QSR traded as low as $72.39, currently down about 2.3%.
$EWL traded as low as $45.80, currently off about 1.4%.
$PRLB traded as low as $32.81, currently off about 3.5%.
$VOYA traded as low as $69.95, currently off about 0.6%.
#TechnicalAnalysis suggests a potential shift in momentum for these stocks. Traders should monitor price action and volume to confirm the bearish trend.
Additionally, $GANX and $GRPN have entered oversold territory after declining 25.9% and 39.5% over the past four weeks, respectively. This may indicate a potential trend reversal if Wall Street analysts are correct
Tuesday Market Close: Cautious Trading Ahead of Key Data
Stocks saw mixed trading today as investors turned cautious ahead of Wednesday's crucial U.S. CPI report and the start of earnings season. The S&P 500 and Nasdaq managed modest gains, but the Dow edged slightly lower. Energy stocks were a bright spot, with 3 in the S&P 500's top 10 performers YTD as oil prices reached $90/barrel. Overall, the market remains on edge, with traders closely watching economic data and corporate results for clues on the path forward. Stay tuned as the busy week unfolds.
The stock market showed modest gains today as investors digested a mix of positive corporate news and rising bond yields.
Key highlights:
Wells Fargo hiked its year-end S&P 500 target to 5,535, implying further upside potential
Morgan Stanley said the market is pricing in a "no landing" economic scenario
Short-dated Nasdaq-100 index options continue to captivate traders
Gold outperformed the S&P 500 so far this year amid shifting Fed policy expectations.
While the major indexes posted modest advances, the mixed trading signals suggest investors remain cautious but optimistic about the market's near-term prospects. Traders should closely monitor the evolving economic and interest rate landscape for further cues on the market's direction.
๐ Friday Key Technical Indicators:
$USAP hits 52-week high at $27.1
$SCOR enters oversold territory
$TT hits fresh high at $306.13
$AMG hits 52-week high at $168.63
$ZGN crosses below 200 DMA
$PFE hits 52-week low
$PKX enters oversold territory
$CABO shows relative strength
๐ Friday Analyst Upgrades:
$NTRA upgraded at Bernstein on gross margin trajectory.
$SOFI upgraded at KBW after year-to-date slump.
$CNK double-upgraded at Wells Fargo on structurally better demand.
$WDC upgrades Western Digital to Buy, hikes PT to $115.
$AXP upgraded at Moness Crespi on high-end consumer strength.
$FHN raised to Outperform at KBW in higher-for-longer rate environment.
The stock market closed lower after hawkish comments from the Federal Reserve knocked stocks off their early gains.
Earlier in the day, stocks had opened higher on expectations of a slowing labor market, which could bolster the case for rate cuts starting in June. Data showed a surge in last week's unemployment claims, exceeding predictions. Economists anticipated a moderation in nonfarm payrolls and easing in average hourly earnings growth.
However, the market sentiment soured later in the day after the Fed's hawkish comments, which dampened hopes of rate cuts. Stocks on major indexes gave up their early advances and sold off to end the session in the red.
๐ Key Technical Indicators Today:
$MSFT nears all-time high, potential buy with AI advancements.
$LW Holdings shows relative strength alert, indicating potential.
$ENPH crosses above 200 DMA, bullish momentum.
$MSCI makes ish cross above critical moving average, bullish trend.
$AMZN nears peak, with strong uptrend evident.
$ISRG stock has 20% upside, potential buy signal near all-time high.
$COR soars to 52-week high, worth monitoring.
$VTSI hits 52-week high, continued momentum expected.
$CR hits fresh high, watch for potential further gains.
$TWLO approaches death cross, potential change in trend.
$PFGC shows relative strength al
๐ Today's Upgrades:
$BFH Wolfe Research raises Bread Financial to Outperform on improved credit quality.
$SPOT Spotify initiated with a Buy rating, analysts anticipate another beat.
$BEP Enterprise Products vs. Brookfield Renewable, only one tagged as a Strong Buy.
$EVR Wayfair potential to rally over 28%, analysts revise outlooks.
$TMO Thermo Fisher Scientific among CNBC's Final Trades, seen performing well each quarter.
๐ Today's Upside Potential:
$AMZN Analysts foresee upside for Amazon amidst market chatter.
$COST Wall Street sees 11% upside for Costco Wholesale.
$CR Crane Company hits fresh high, analysts speculate on further growth.
$EE Excelerate Energy could surge 44.44%, say analysts.
$FLNT Confluent emerges as a top growth stock with under-the-radar potential.
$ISRG Intuitive Surgical has 20% upside, analysts bullish near all-time high.
$META Meta Platforms eyes 15% upside driven by strong advertising growth.
$GLUE Monte Rosa Therapeutics may rally 107.79%, as per analysts' expectations.
$SOFI SoFi Technologies could see 31% upside, initiated with buy rating.
$SNPS Synopsys hints at poten
๐๐ Crypto market insights
๐ฎ๐ As the halving approaches, miners are strategizing amid record profits! โ๏ธ๐ Could this impact Bitcoin's future trajectory? ๐ค๐ฅ
๐๐ Meanwhile, Bitcoin ETFs see mixed net inflows, with one fund recording a significant outflow. ๐๐ผ What does this mean for investor sentiment? ๐ค๐
๐ฐ๐ญ Renowned crypto analyst predicts a potential breakout for Bitcoin, projecting a staggering $500K by 2025! ๐๐ Are we on the brink of a monumental surge? ๐ฅ๐ฅ
๐๐คฏ A new meme coin, CHUCK, skyrockets 25,800% in just hours, overshadowing even Dogecoin and Shiba Inu! ๐๐ฅ Are we witnessing the birth of the next crypto sensation? ๐๐ผ
๐๐ Ethereum and other major cryptos experience fluctuations amidst high selling pressure. ๐๐ค Will they regain momentum soon? ๐ฅ๐
Market Insights for This Trading Wednesday! ๐
The S&P 500 and Nasdaq are struggling early in Q2, but analysts see reasons for optimism ahead. Key sectors like tech could be primed for a major bounce back! ๐
Inflation remains a wild card, with opinions split on whether the Fed has it tamed. All eyes on Powell's speech later today for clues on rate hikes! ๐
Meanwhile, the Russell 2000 is looking ripe for gains after the recent sell-off. Small caps could be the place to hunt for value! ๐
Corporate earnings season is right around the corner too. Experts say to watch names like Micron and Uber as potential big movers! ๐ฃ
$RIVN Sales Jumped 70% - Why Is It Losing 5%?
Production and delivery numbers for the first quarter of 2024 were in line with Rivian expectations, the company said. Management is reaffirming the full-year production forecast of 57,000 vehicles.
Rivian sales grew over 70% year-over-year from 7,946 vehicles delivered in Q1 2023. Production increased 49%. In Q4 last year, the company delivered 13,972, so there is a slight quarter-over-quarter decline in deliveries.
Despite the sales jump, investors are worried about EV market softness weighing on Rivian. While hitting production/delivery targets, slowing demand and investor sentiment concerns are pressuring the stock.
Wall Street Jitters Continue as Q2 Kicks Off ๐ข
๐ป Dow drops 400 pts, extending Q2 slump
๐ก๏ธ Hot manufacturing data fuels rate hike fears
๐ค AI stocks powered Q1 S&P 500 gains
๐ Historic Q1 rally flashes bullish 2024 signals
๐ฎ Analysts see mixed outlook amid volatility
The market opened on a sour note Tuesday as Wall Street's jitters carried over into the new quarter. The Dow plunged 400 points while the S&P 500 and Nasdaq also ticked lower.
Investors are closely watching key economic data and Fed speeches for clues on the rate hike path. Hot manufacturing numbers are stoking concerns of more aggressive tightening ahead.
Meanwhile, AI stocks like $MSFT $NVDA $AMD emerged as Q1 winners, driving the S&P 500's stellar 10%+ gains. This marked only the 9th time since 1940 that such a strong Q1 rally flashed bullish signals for the year ahead.
However, analyst opinions remain divided, with some seeing further upside and others urging caution amid the volatility. Buckle up for an exciting ride as Q2
Markets Kick Off April with a Downbeat Tune
Phew, what a start to the new month and quarter! The trading session was a roller coaster ride, with the major indexes ultimately closing in the red. ๐ป
The Dow took a 200+ point hit, shedding 0.6%, while the S&P 500 slipped 0.2%. Even the tech-savvy Nasdaq couldn't escape the sell-off, dipping 0.5%. ๐ป
Treasury yields jumped, casting doubt on whether the Fed will deliver the expected rate cuts later this year. Investors seem torn between economic resilience and recession fears. ๐ค
crypto traders had a mixed bag too - Bitcoin dropped below $70K, but meme mania was in full swing as Dogecoin skyrocketed to 2-year highs before paring gains. ๐ถ๐
All in all, it was a choppy start to April. But don't fret, there's plenty of action ahead! Stay tuned for more market thrills and spills as earnings season kicks into high gear. ๐๐
Let's dive into some of the top performers and headline-makers from the past week! ๐๐ฐ
$MESO - Mesoblast Limited ๐
Mesoblast shares surged 78.6% after the FDA approved resubmission of their Phase 3 therapy data for treating serious complications in children following stem cell transplants. The company will file a Biologics License Application (BLA) for Remestemcel-L in children with Steroid-Refractory Acute Graft Versus Host Disease (SR-aGVHD).
$BCAB - BioAtla Inc. ๐งช
BioAtla reported its Q4 earnings results, beating estimated earnings by 28.99%. The company highlighted recent progress and discussed upcoming plans during their earnings call. Stay tuned for more updates!
$OTLK - Outlook Therapeutics ๐๏ธ
Outlook Therapeutics shares rose after receiving a buy rating from BTIG. The company also filed to sell 21.43M common shares for holders and filed for a $300M mixed securities shelf.
$GRWG - GrowGeneration Corp. ๐ฟ
GrowGeneration announced a share repurc
Crypto Experts Warn of Risks Amid Volatility ๐จ
Analysts urge traders to exercise caution as Bitcoin reclaims $70K. The momentum could be fleeting amidst macroeconomic headwinds. "Don't get caught up in the hype," cautions one strategist. "This rally may not have legs."
Halving Speculation Overblown? ๐
While the upcoming Bitcoin halving is fueling bullish narratives, veterans advise curbing your enthusiasm. "We've seen this movie before," a veteran trader scoffs. "The halving pump often disappoints." Expect volatile swings post-halving.
Meme Coin Mayhem ๐คก
The resurgence of meme coins like Dogecoin has experts questioning market sanity. "It's gambling, not investing," slams a crypto skeptic. "When joke currencies drive markets, it signals froth and insane risk appetites."
Regulatory Risks Loom ๐ซ
Don't discount regulatory risks, warns a Wall Street analyst. "With lawsuits, crackdowns and tax scrutiny intensifying, the crypto space is a regulatory tinderbox." Tread very carefully in this uncertain climate.
๐ Monday Market Recap: Tech Rally Lifts Indices Despite Fed Concerns
The stock market kicked off the week on a positive note, with major indices gaining ground amid a tech-fueled rally. Nasdaq led, up nearly 1% as investors flocked to megacap tech stocks like Alphabet, Tesla, and Nvidia ahead of Nvidia's AI conference.
S&P 500 and Dow also edged higher, up 0.63% and 0.2%, but concerns over the Fed's upcoming rate decision capped gains. Investors await fresh guidance on future policy moves.
Market Analysis:
Investor sentiment improves as S&P 500 surges to fresh highs. CNN Money Fear and Greed index signals "Extreme Greed"
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