Yesterday’s selling had a few people in the financial media exclaiming that “this is what we’ve been waiting for.” True, we’ve been looking for a “healthy correction” for the last few weeks, but one day selling is an event, more than three starts to turn into a trend. Don’t react to the event just yet. […]
Archives for March 2024
March 2024 - Page 5 of 5 - Money Morning - Only the News You Can Profit From
High Growth and Bargain Prices? Don't Be Fooled by China
Chinese Communist Party (CCP) Premier Li Qiang took the big stage to give China’s 2024 GDP forecast yesterday… And, all told, it was a disappointment. It’s exactly what analysts were expecting: A hefty 5%, the same as 2023. On top of that, it’s fictious. Keep in mind that U.S. GDP has exceeded 5% growth one […]
Why The Psychedelic Boom Is All but Inevitable
The interest in psychedelic stocks isn’t a fleeting trend. It reflects a significant shift in societal attitudes and legislative landscapes across the United States. The "big deal" here is the potential transformation of mental health treatment paradigms, driven by the easing of restrictions on psychedelic substances. This shift is noteworthy for investors looking for emerging […]
This Is What Elon Musk's Lawsuit Against Sam Altman Is Really About
In a world where capitalism reigns supreme, Elon Musk's lawsuit against OpenAI stands as a parable of modern contradictions. This past Friday, Musk sued OpenAI and CEO Sam Altman for breaching the firm’s founding mission of benefitting humanity in favor of profit. News flash, Elon – “nonprofit” doesn’t automatically mean “good” and “for-profit” can, at […]
Three Stocks: Super Micro Computer, Big Bear AI, and IBM
Super Micro Computer Membership has its privileges! Shares of Super Micro Computer (SMCI) are trading 18% higher this morning after Friday’s announcement that the newest AI name on the block would be added to the S&P 500. The move further “discovers” this stock that has seemingly gone undiscovered as analyst and investors have been flocking […]
New Apple MacBook Air Saves Apple Stock…
… File that under “things you’ll never read.” Apple (AAPL) shares were getting hit in the pre-market as the company learns of new antitrust penalties from the E.U. At the same time, the headline flashes across my screen that… “Apple unveils the new 13- and 15-inch MacBook Air with the powerful M3 chip (179.66)” Now, […]
Here Comes the “Buy the Bitcoin Rumor” Crowd
Bitcoin has been at the center of the market’s attention over the last three months, and it’s about to get even more attention. Over the weekend, Bitcoin ripped through my short-term price target of $65,000 as everyone has the same thing in mind: A simple number, $100,000. I was surprised to turn on the television […]
Three Stocks: SoundHound, Apple, and Best Buy
SoundHound AI Shares of SoundHound (SOUN) are pulling back by 15% this morning after the company missed their earnings numbers by a penny. Revenue for the quarter saw 80% growth over last year’s, but the market is taking the opportunity to ring the register after the stock gained 350% in February. I’m taking advantage of […]
This Stock is Preparing to Squeeze Higher
While listening to CNBC Wednesday, I heard an interesting comment. An analyst was talking about how this market needed a correction because investors were too bullish – which is a message we talk about weekly. While filling his argument in, he mentioned that short interest is at the lowest levels we’ve seen in years. If […]
Will Regional Banks Repeat Last Year's 30% Drop in March?
So, from the looks of the three market indicators we just talked about, this market may continue its rally. There’s just one problem… This morning’s news from New York Community Bancorp (NYCB) is going to cause some panic. New York Bancorp shares are trading almost 25% lower this morning after the company disclosed that they’ve […]