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Updated: 1 hour 19 min ago

Stocks And Precious Metals Charts - From Enemy Occupied Territory

Wed, 05/01/2024 - 16:51
Stocks lost their moonshot in the last hour and dumped back all the way to unchanged with a vengeance. Gold and silver managed to hold on to some of their gains, but were well off their highs.

Manufacturing ISM Moves Back Into Contraction, New Orders Decline

Wed, 05/01/2024 - 16:42
The ISM manufacturing index is back in contraction after a one-month reprieve, but prices expand sharply. It’s a bad mix.

3 Cannabis Stocks That Can Post Gains As US Shifts To Softer Regulations

Wed, 05/01/2024 - 16:18
After a long time, regulatory winds are shifting in favor of marijuana stocks. Could sustained profitability be finally within reach?

Fed Holds Policy Steady: Rate Hikes Remain “Unlikely” Despite Lack Of Inflation Progress

Wed, 05/01/2024 - 15:56
The Federal Reserve left its policy rate unchanged and argued its policy stance is “in a good place”, but officials are concerned about the recent lack of progress on inflation.

CVS Is Sick

Wed, 05/01/2024 - 15:01
One would figure the nation’s biggest pharmacy would be a safe, conservative investment. Nope. CVS​​​​​​​ has lost about HALF its value in just two years.

March JOLTS Report: Declines In Everything, Fortunately Including Layoffs

Wed, 05/01/2024 - 14:50
After almost half a year of general stabilization or very slow deceleration, the JOLTS report for March featured multi-year lows in almost all of its components. 

FOMC Leaves Rates Unchanged, Says (Bigger Than Expected) QT Taper To Start In June

Wed, 05/01/2024 - 14:39
Since the last FOMC meeting, on March 20th, gold has been the biggest outperformer (interesting along with dollar strength), while stocks, bonds, and crude (and crypto) have all been sold (with bonds and oil equally ugly)...

Jim Cramer Has Lost Conviction In Starbucks CEO

Wed, 05/01/2024 - 14:27
Jim Cramer seems to have lost conviction in Laxman Narasimhan – the chief executive of Starbucks Corp (SBUX​​​​​​​) after a “terrible” quarter the coffee giant reported last night.

Central Bank Gold Buying Sets New 1st Quarter Record

Wed, 05/01/2024 - 14:06
The central banks have been on a gold buying spree ever since Russia was sanctioned by the US in early 2022. And they just set a new first-quarter record for the amount of gold purchased.

ETFs To Buy As Eli Lilly Beats Q1 Earnings, Lifts Outlook

Wed, 05/01/2024 - 13:55
Eli Lilly and Company posted mixed first-quarter 2024 earnings, beating earnings estimates but lagging on revenues. Investors seeking to tap the opportune moment could bet on ETFs having the largest exposure to the drugmaker.

Dow Jones Industrial Average Struggles To Recover From Recent Backslide As Fed Rounds Corner

Wed, 05/01/2024 - 13:33
After this week's backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for another rate call from the US Federal Reserve (Fed).

Decomposing Sentiment

Wed, 05/01/2024 - 13:10
Republicans and lean Republican respondents really, really, really don’t like economic conditions right now, switching “bigly” upon Trump’s election, contributing to an outsize impact on the overall University of Michigan consumer sentiment index.

Feds Scrutinizing Block's Square And Cash App, Eyeing If Transactions Funded Terror And Skirted Sanctions

Wed, 05/01/2024 - 13:01
Federal prosecutors are investigating compliance issues at Block, the fintech firm co-founded by Jack Dorsey, according to a new report from NBC, citing "two people with direct knowledge". 

The Energy Report: Fed Freak Out

Wed, 05/01/2024 - 12:47
Oil prices tried to stay strong in the face of the market doing a Federal Reserve freak out. Rumors that the Fed today is going to be extremely hawkish.

Chip Stocks Plunge After AMD’s 2024 Guidance Falls Short Of Expectations

Wed, 05/01/2024 - 12:33
AMD's AI chip sales forecast fell short of expectations, causing shares to drop nearly 9% today.

Softer US Activity Numbers Will Do Little To Temper The Fed’s Hawkishness

Wed, 05/01/2024 - 12:22
Today’s Federal Reserve FOMC meeting is likely to see the Fed adopt more hawkish language than at the March FOMC meeting, but they certainly won’t close the door to potential rate cuts later in the year.

GBP/USD Price Analysis: Wavers Below 1.2500 As Bearish Harami Looms

Wed, 05/01/2024 - 12:05
The Pound Sterling is virtually unchanged against the US Dollar following the release of mixed Purchasing Managers Index (PMI) data from S&P Global and the Institute for Supply Management (ISM).

Silver Price Forecast: XAG/USD Bounces Back To $26.60 After Weak US Manufacturing PMI Report

Wed, 05/01/2024 - 11:54
Silver price (XAG/USD) recovers strongly from a four-month low of $26.30 as the United States Institute of Supply Management (ISM) has reported a weak Manufacturing PMI report for April.

Stifel Financial Corp: Chart Analysis

Wed, 05/01/2024 - 11:50
Stifel looks quite strong and I think this stock’s got some room to get up the $100 level... eventually. It's working taking a closer look.

Moody’s, Booking, DraftKings, Amgen Stocks In Focus Ahead Of Earnings

Wed, 05/01/2024 - 11:43
American stocks were mixed on Wednesday as the earnings season continued and as investors waited for the latest Federal Reserve decision. The Dow Jones rose by over 65 points while the S&P 500 and Nasdaq 100 indices fell by over 10 basis points. 

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