Stocks Bounce Back With Tech, Gold Gaining After Modest Producer Inflation Data: What’s Driving Markets Thursday?

Investors can breathe a sigh of relief on Thursday as last month’s Producer Price Index (PPI) inflation turned out slightly lower than expected, albeit with some caveats across different measures within the basket. Stocks rebounded by noon trading in New York, yet the surge fell short of recovering Wednesday’s losses, indicating lingering nervousness regarding the rate-path outlook. Traders have significantly adjusted their expectations for the Fed’s future actions in the past 24 hours, pushing the … Read more…

Will Main Street Banks Outshine Wall Street In Q1 2024 Earnings?

A bustling week of key economic events with two inflation reports will culminate in a flurry of earnings releases from top U.S. banks, offering crucial insights into the state of the economy and the health of U.S. consumers and firms. On Friday, investors will scrutinize the first-quarter financial results from major financial institutions such as JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup Inc. (NYSE:C) and State Street Corp. … Read more…

Can Meta Be A Solid Rival To Leading LLMs Like GPT4? Analyst Weighs In

BofA Securities analyst Justin Post reiterated a Buy rating on Meta Platforms, Inc. (NASDAQ:META), with a forecast of $550. According to the analyst, AI/ML integrations are playing a crucial role in boosting usage and ad spending in 2024, aiding critical areas of content engagement, ad creative generation, campaign optimization, ad measurement, and back-end campaign cost savings for advertisers. The analyst is also upbeat about Meta’s highlights at a recent investor conference, which focused on big AI improvements and opportunities around … Read more…

Bitcoin Is In A ‘Spot-Driven Rally,’ On-Chain Analysis Finds

Bitcoin‘s (CRYPTO: BTC) strong performance in the past year can be credited to a surge in spot trading volume and exchange activity. What Happened: A new report by on-chain analytics firm Glassnode discusses how daily spot trade volumes peaked at around $14.1 billion in mid-March. That was when the market reached an all-time high of $73,000. This magnitude of spot trade volume is comparable to the 2020-2021 bull market. However, volumes have cooled down recently to … Read more…

Microsoft’s Latest Security Breach: What’s At Stake For Company Integrity And Trust?

Microsoft Corp. (NASDAQ:MSFT) recently addressed a security lapse where internal company files and credentials were exposed to the internet. What Happened: Security researchers from SOCRadar, including Can Yoleri, Murat Özfidan, and Egemen Koçhisarli, discovered an open Azure storage server hosting internal data related to Microsoft’s Bing search engine. The server, according to Techcrunch, contained crucial information (i.e., passwords, keys, and credentials), but lacked password protection, making it accessible to anyone online. “The exposed data could … Read more…

Google Parent Alphabet To Gain From Hardware Advances, Gemini Progress, Analyst Sees Rising Cloud Margins

BofA Securities analyst Justin Post reiterated a Buy rating on Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL), with a price forecast of $173. Google kicked off its annual Cloud Next event with a keynote announcing new custom AI chips (Axion & TPUs), platform-wide Gemini integration, strategic partnerships, and customer traction. According to the analyst, Google’s hardware advances, Gemini progress, and AI-driven app demos should help sentiment on AI capabilities. Apart from this, Google’s hardware advances, Gemini progress, and AI-driven app demos should help … Read more…

Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors

A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%. Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. … Read more…

A Choppy Market – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) April Fools Day kicked off a second quarter, following a blazing January-February-March. Twenty two record setting new highs for the indices, leaving no doubt that the ‘bull’ is alive and rearing its head. After finishing 2023 at a torrid pace 2024 opened and continued strong throughout the first quarter. Monday’s opening was scattered as the Dow Jones Industrial Average drifted lower, while the Nasdaq Composite was a bit higher. … Read more…

Economic Bliss – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) After a sizzling first four days last week, with the indices blazing new records, Friday took a breather, easing back. The Dow Jones Industrial Average and the S&P 500 had nice gains for the week rising 2% and 2.3% respectfully. The Nasdaq Composite surged with the heavy tech index up 2.9% as the magnificent seven and ‘tag-alongs’ were actively strong. As Mike Bailey, director of research at FBB Capital … Read more…

Indexes Set Records – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) For the second week in a row, stocks took a beating with all three indexes dropping…Last weeks CPI (Consumer Price Index) doused investors and traders’ short term outlook with concerns the Fed will react more positively to a rate hike in the short term. Even the University of Michigan sentiment survey report for March showed less optimism, lower than expected from economists. Yields on the 10-year U.S. Treasury edged … Read more…