News / Uncategorized
[Platinum Insights] (5.10.23)
[Platinum Insights] (5.10.23)
August 22, 2023
Good morning.
The latest reading on the U.S. consumer price index is slated for release this morning, with economists polled by Dow Jones expecting a year-over-year gain of 5% for April. Stock market futures are currently down prior to the CPI release.
“If CPI comes in hot, coupled with a stable market, decent earnings and stable jobs, it may not look good for the Fed’s future actions,” said Sylvia Jablonski, CEO and chief investment officer at Defiance ETFs.
Markets continued to monitor negotiations over the US debt ceiling, as a meeting between President Joe Biden and congressional leaders late on Tuesday yielded little progress.
Alphabet on Wednesday is expected to unveil more artificial intelligence in its products to answer the latest competition from Microsoft Corp, which has threatened its perch atop the nearly $300-billion search advertising market.
In extended trading, Airbnb and Twilio both tumbled more than 10% on weak forecasts, while Rivian jumped 6% on a narrower-than-expected loss. Disney, Roblox and Robinhood, among others, will report earnings on today.
WTI crude futures fell below $73 per barrel. Gold steadied around $2,030 an ounce while the yield on the US 10-year Treasury note decreased slightly to 3.5%.
The major averages continue to trade sideways as they finished Tuesday’s session lower, with the S&P 500 and Nasdaq Composite falling 0.46% and 0.63%, respectively. The Dow Jones Industrial Average declined 0.17%.
Range-bound markets can be challenging for swing traders as they lack clear trends and can result in whipsaw movements. It is important to exercise caution, maintain discipline, and adjust your risk management and trading plan accordingly to account for the unique characteristics of range-bound price action.
Share this article:
More in Uncategorized:
Ultra Clean Holdings (UCTT) July 25, 2024, Earnings Call Summary
Future Price Projections Participants: Rhonda Bennetto – Senior Vice President, Investor Relations Jim Scholhamer – Chief Executive Officer Sheri Savage...
[Platinum Insights] (5.10.23)
July 26, 2024
APPLE, MICROSOFT, NVIDIA PRICE TARGET 🎯
Short term, price targets for the top three S&P 500 holdings
Short term, price targets for the top three S&P 500 holdings The following are my price targets for the very...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 25, 2024
Nvidia's Stake in Serve Robotics: A Game-Changer for AI-Powered Delivery?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in Serve Robotics, a company specializing in autonomous sidewalk delivery robots. This revelation sent Serve's stock soaring an impressive 233% over two days. But what does this mean for the future of AI-powered delivery, and should investors jump on board?
The tech world was buzzing last week when news broke that AI chip giant Nvidia owns a 10% stake in...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 24, 2024
The Commercial Real Estate Crash
Its Ripple Effect on the Banking System and The Stock Market
The commercial real estate market is on the verge of a significant downturn, potentially mirroring the infamous 2008 financial crisis....
[Platinum Insights] (5.10.23)
July 23, 2024
The Democratization of Compute
A Paradigm Shift in Business and Investment Artificial Intelligence (AI) is undeniably transformative, poised to revolutionize the world as we...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
July 23, 2024
Are Google and Meta Heading for a Stock Price Slump?
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major players. Today, I want to discuss two tech giants that have long been darlings of Wall Street: Google and Meta. While they've enjoyed impressive growth and dominance in their respective fields, there are signs that their stock prices might face some headwinds in the near future.
As an investor, it's crucial to keep a keen eye on market trends and potential shifts that could impact major...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
July 23, 2024