The Dow Jones Industrial Average Looks “Ready to Run” The market’s headlines can be misleading, but as I always say… market prices don’t lie. Investors are celebrating the Dow Jones Industrial Average’s cross above 40,000, as they do every 10,000-point milestone. The last celebration at 30,000 was the beginning of a 22% rally over the […]
Archives for May 2024
May 2024 - Money Morning - Only the News You Can Profit From
Three Stocks: Walmart, Bitcoin, and Coinbase
Walmart Shares of retailing giant Walmart (WMT) were 7% higher on Thursday after the company reported earnings that were better than Wall Street expectations. The company beat its earnings per share target by $0.07, growing revenue by 6% over last year’s numbers, but the real story was in comments made by management. Walmart’s earnings numbers […]
Three Stocks: Super Micro Computer, Tesla, and Chubb
Super Micro Computer What’s this? Super Micro Computer (SMCI) shares traded 15% higher today on little to no news. Shares of the AI-related stock jumped above their two key technical indicators during Wednesday’s trading on heavy trading volume. The combination projects a stock price that is likely to advance SMCI shares above their march highs […]
Gold Market Outlook 2024: Bullish Fundamentals and Technicals Indicate Strong Rally Ahead
Fundamentals: BULLISH The fundamentals of gold are simple. Historically, people have considered gold as a good store of value. Whether its inflation, market gyrations, geopolitical tensions, or anything else that makes investors question the value of their worth, gold has been the place to “park” your assets until the storm passes. As I type this, […]
This Tug-of-War is Set to Make or Break Stocks
What’s Driving Stocks CPI, the best-known inflation gauge, just hit the tape this morning and investors are pleased. The popular inflation gauge came in at +0.3% for the last month with the 12-month look at prices showing an increase of +3.4%. Both numbers were less than economists had expected, immediately putting investors in a bullish […]
Three Stocks: Plug Power, GameStop, and SunPower
Plug Power Shares of Plug Power (PLUG) traded higher today on news that the government was throwing the alternative energy company a lifeline. The company has received a $1.66 billion conditional commitment loan guarantee from the Department of Energy for the company’s Green Hydrogen Deployment Pipeline project. Plug Power has been in a cash-burn […]
Three Stocks: GameStop, Rivian, and AMC
GameStop Today’s move in GameStop (GME) shares couldn’t have been scripted any better. Shares were off to a flying start ahead of the open as the trader known as “Roaring Kitty” posted a cryptic drawing of a person leaning forward in a chair with a gaming control in their hand. The image was all the […]
GameStop Warning: Don't Touch These Three Stocks
Stick with me on today’s public service announcement… It’s an important lesson that may save you $40,000 if you trade like “new-set-3059”. I always say that “luck prefers the prepared trader,” but sometimes, there’s something besides luck at work this morning with GameStop (GME) stock. This morning’s “surprise” return of MEME Leader “Roaring Kitty” is […]
This Week’s Data Releases Can’t Miss!
The S&P 500 and other indices have clawed their way back to within 1% of their recent highs after an ORDERLY 5% pullback. Now, I love an orderly pullback more than any investor out there. Producer Price Index (PPI) This is one of the highest impact data points out there as investors continue to watch […]
Three Stocks: Micron Technology, AEye and Fat Brands
Micron Technology (MU) Micron Technology stock rallied for more than 4% on Friday after hit its best price level in more than three weeks. The move came on no new news from the semiconductor company, but overall strength in the semiconductor sector. The Philadelphia Semiconductor Sector close the day higher by more than 1%, driving […]