Stock market showed some signs of recovery in the initial hours after the major indices experienced significant decline on Wednesday (18 Dec) due to FOMC’s decision which suggested that interest rates are expected to remain elevated for an extended period. The market breadth was positive, with gains in mega-cap stocks providing an additional boost. But we saw the market conditions began to deteriorate as the trading session progressed which resulted in S&P 500 and NASDAQ closing 0.09% and 0.10% lower than the previous day. This decline was deemed to be due to rising interest rates and a downturn in mega-cap stocks. Lower Weekly Initial Claims Seem To Suggest Reluctance To Lay Off Staff On Thursday, we have the economic data showing weekly initial claims came in at 220K with consensus a
Palantir On Roller Coaster Ride, Next Price Target To Consider For Entry?
$Palantir Technologies Inc.(PLTR)$ have been going through a roller coaster since it was preparing to join the Nasdaq 100, and was down on Monday (16 Dec 2024). The slip on Monday was due to holiday profit-taking after another counseled caution on chasing the hot AI stock according to one analyst. 4% was shed on Monday early session but recover later in the trading session. Palantir eventually close at 75.75 after NASDAQ say it will be added to Nasdaq 100 before the market open on 23 December 2024. Why I Hold Back Taking Some Profit On Palantir I have been holding Palantir for almost 1 one year, and have previously bought and sold Palantir before. That was the time when the concern over its high valuation hit me. So for now, I am expecting Palanti
18 Dec Market Session Disappointing Over Concerns On Fed Rate-Cut Campaign
Wednesday market was still hesitating and Initially, the major indices traded slightly higher until selling intensified at 2:00 ET before the Fed Chair speech at 2.30 ET, after which, investors express concerns over the Fed pausing its rate-cut campaign, indicating that rates may remain higher for longer. This sentiment followed the FOMC's decision to cut rates by 25 basis points to 4.25-4.50%, as anticipated. The decision was not unanimous, with Cleveland Fed President Hammack dissenting in favor of maintaining the target range for the fed funds rate at 4.50-4.75%. S&P 500 declined by 2.95% with 178 points, NASDAQ dropped by 3.56% while DJIA closed over 1,100 points lower to end the session with -2.58%, making DJIA tenth consecutive decline. Despite the decline some stock managed to r
Nike (NKE) Inventory Reduction With New Strategy Might Help Earnings
$Nike(NKE)$ is scheduled to report earnings on Thursday (19 Dec) after market close.This will be its first quarterly release since new CEO Elliott Hill took over in October. Nike's (NKE) stock is expected to rebound over time as signs emerge that the sportswear giant's turnaround efforts under a new chief executive are materializing. Nike shares have been down about 5% since it announced in September the return of former longtime executive Elliott Hill as CEO, As a result, Nike withdrew its full-year guidance in October and postponed its investor day.Nike is expected to post earnings per share of $2.50 and $2.80 for fiscal 2025 and 2026, respectively, compared with its prior projections of $2.75 and $3.10. The earnings per share for the fiscal Q2 2
17 Dec Market Hesitated Ahead Of FOMC Rate Decision
We saw the major U.S. equities indexes hesitated as the Federal Reserve kicked off its final two-day policy meeting of 2024. While the central bank is widely expected to announce a third consecutive interest rate cut on Wednesday afternoon, investors are likely preparing to comprehend the message and language in the accompanying statement and the subsequent press conference with Fed Chair Jerome Powell for suggestions about what is in store for next year (2025). The S&P 500 slipped 0.39%, while the NASDAQ lost 0.32%. The DJIA finished 0.61% lower, extending its losing streak to nine straight negative trading sessions. U.S. equities were lower in early afternoon trading, with the DJIA losing streak continuing and the NASDAQ falling from its record high yesterday. Health Care Stocks Rema
Accenture (ACN) Consulting New Bookings Significant Improvement Might Be Key To Earnings Surprise
$Accenture PLC(ACN)$ is scheduled to release first-quarter fiscal 2025 results on 19 Dec before market open. Consensus estimate for the bottom line have been expected for quarterly earnings of $3.38 per share in its forthcoming report, representing an increase of 3.4% year over year. Revenues are projected to reach $17.18 billion, increasing 5.9% from the same quarter last year. Accenture business optimization strategy to lower structural costs is anticipated to have driven the bottom line. Accenture's Revenue Streams Accenture's revenue streams consist of: Outsourcing revenues: Income generated from services and capabilities offered to manage and transform clients' systems and the running of business functions; Consulting revenues: Income from tec
16 Dec Stocks Mixed As Investors Prepare For Fed Decision On Wednesday
On Monday (16 Dec) we saw stocks trading in a mixed mode similar to last Friday, as investors prepare for the Federal Reserve's decision this week on interest rates, while bitcoin surged to a record high. NASDAQ rose by 1.24% and S&P 500 gained 0.38% though both indexes closed below their session highs. On the hand, DJIA ended the session 0.25% lower after trading higher initially. The S&P 500 was coming off its first losing week in the past month, while the tech-heavy Nasdaq Composite is riding a four-week winning streak after crossing 20,000 points for the first time last week. Investors capitalized on the recent market weakness following last week's pullback, aligning with a typically strong period for equities in the latter half of December. At the start of the session, advance
Micron (MU) Earnings Could Be Driven By Increased DRAM Demand
$Micron Technology(MU)$ is expected to release earnings on 18 Dec2024 after the market closes (AMC). MU last reported earnings on 25 Sep 2024 after the market close (AMC). MU shares gained +14.7% the day following the earnings announcement to close at 109.76. Following its earnings release, 82 days ago, MU stock has drifted -1.4% lower. From the time it announced earnings, MU traded in a range between 95.53 and 114.30. The last price (108.26) is closer to the higher end of range. Micron is expected to deliver $8.71 billion in revenue and $1.76 in adjusted earnings per share (EPS) on Wednesday. But as investors we should also look out for the company forward guidance and outlook for 2025. Demand For DRAM In PC and Handset Might Set To Increase Favori
$CME Bitcoin - main 2412(BTCmain)$ cross over $103K level at time of this writing, but what might have create this increase over the weekend. As investors have turned in mixed performance for the equities market, could it be some of their funds are following into the crypto space? Fed Rate Cut Already Priced In The Equities Market The Federal Reserve is widely expected to cut borrowing costs when it meets next Wednesday, and officials could shed light on how recent economic data might affect their decisions on interest rates in the new year. Financial markets are pricing in a 96% chance the Federal Reserve will cut the fed funds rate by a quarter percentage point to a range of 4.25% to 4.5% according to the CME Group's FedWatch tool, which fo
13 Dec Market In Mixed Performance While Await Fed Rate Cut Decision On 18 Dec
Friday trading session ended with mixed performance as a post-election rally loses momentum, while investors await the Federal Reserve's decision on interest rates next week. The S&P 500 closed fractionally lower, while the Dow fell 0.2% and the Nasdaq Composite added 0.12% Stocks were coming off a downturn on Thursday, when the market hit the pause button on a rally that has taken major indexes to a series of record highs. The S&P 500 had a three-week winning streak snapped, while the Dow posted a decline for the second consecutive week. The Nasdaq, which surpassed 20,000 points for the first time on Wednesday but ended the week below that level, has gained ground in four straight weeks. The major indexes all rose in early trading Friday as chip stocks surged after Broadcom (AVGO)
$Palantir Technologies Inc.(PLTR)$ gg into Nasdaq-100, with buying driving the price higher on Friday, will we be seeing hedge funds loading next week to push to new highs? What do you think?
Amazon for work, I have been using their cloud services for years, Amazon Prime for shopping. Next entertainment would be Apple, it makes our life interesting and fulfilling, Apple TV. Next is Microsoft, which gives us windows for both work and personal work.
12 Dec Market Back In Negative Tone After PPI Suggest Maybe Sticky Inflation
After the stocks surged on Wednesday (11 Dec), with NASDAQ above 20,000 points for the first time, catalyst by the soaring of technology companies shares. We saw that the equities returned the previous big gains after the release of PPI economic data which set a negative tone for trading. We have S&P 500 and DJIA drop 0.54% and 0.53% respectively while NASDAQ declined more with -0.66%. The monthly report on producer prices showed that wholesale inflation last month was higher than economists had expected, while weekly jobless claims numbers were also disappointing. Thursday's data came after consumer price numbers yesterday also showed that inflationary pressures persist. Probability Rate Cut For December Still Priced In At 97% Despite Stubborn Inflation Despite the stubborn inflation,
Google Willow - The New Narrative - Will It Advance AI ?
$Alphabet(GOOGL)$ suffered a dip during Thursday (12 Dec) trade as it joined a broad sell-off on what appeared to be a wave of profit taking after the Nasdaq topped 20,000 for the first time in history. Google's big offensive on the quantum computing and AI fronts has set the stage for a hefty stock gain this week. So I think we need to understand does Quantum Computing advance AI development? What Is Quantum Computing? Understand Superposition Quantum computing operates on the principles of quantum mechanics, a branch of physics that deals with phenomena on the atomic and subatomic scale. Unlike classical computers that process information in binary bits (0 or 1) as transistor gates open and close, quantum computers leverage quantum bits, or qub
11 Dec Stocks Surge With NASDAQ 1st Time Above 20,000 Powered By Major Tech Stocks
On Wednesday (11 Dec), we saw stocks surged which was led by a rally in shares of major technology companies that pushed NASDAQ above 20,000 points for the first time. NASDAQ rose 1.77% to finish Wednesday's session at 20,035, while the S&P 500 added 0.82% to close just shy of a new high. The Russell 2000 gained 0.6% while DJIA closed 0.22% lower after giving back earlier gains. U.S. stocks were coming off of two straight days of losses as the market took a breather from a post-election rally that has sent major indexes to a series of record highs. The market showed broad positive breadth, with mega-cap stocks significantly impacting the S&P 500 and Nasdaq Composite. CPI Came In Line With Expectations Though Inflation Might Remain Sticky The U.S. stock market got an early boost Wed
Broadcom (AVGO) Revenue From VMWare In Focus As Run Rate From VMware Looks Positive
$Broadcom(AVGO)$ is expected to report its quarterly earnings for the period ending 31 October 2024 on 12 December after market close. AVGO is expected to report a 51.6% increase in revenue to $14.091 billion from $9.3 billion a year ago. This is higher than the revenue guidance given on 05 September 2024 for the period ending 31 October which is expected for $14 billion. AVGO is expected to show a rise in quarterly revenue with the consensus estimate for earnings per share to come in at $1.39 per share (+25.2% YoY) on revenue of $14.1 billion (+51.3% YoY). Quarterly Run Rate From VMware Should Help Contribute To Broadcom (AVGO) Revenue Broadcom is expected to report a sharp surge in fourth-quarter revenue, as it benefits from strong demand for it
10 Dec U.S. Stocks Slipped As End-Of-Year Rally Hit Resistance While Await CPI Data
On Tuesday (10 Dec), major U.S. equities indexes slipped lower on Tuesday ahead of Wednesday morning's Consumer Price Index (CPI) report, a key gauge of inflation that could influence next week's interest rate decision by the Federal Reserve. U.S. stocks slipped for second consecutive session on Tuesday as the end-of-year rally hit resistance ahead of inflation data due today (11 Dec), mainly driven by profit-taking after last week's record highs and a strong performance since the beginning of the year. The S&P 500, NASDAQ, and DJIA spent most of the morning near their previous closing levels before experiencing increased selling pressure in the afternoon. DJIA fell 0.35% Tuesday, its fourth consecutive losing session. The S&P 500 and NASDAQ which closed at record highs last Friday
Adobe (ADBE) Digital Media Revenue Contribution To Be Fueled By AI Optimism
$Adobe(ADBE)$ is scheduled to report its fourth-quarter fiscal 2024 results on 11 Dec after market close. ADBE is expected to report a rise in fourth-quarter revenue, owing to healthy demand for its large suite of design software as it invests into generative artificial intelligence features. For fourth-quarter fiscal 2024, Adobe projects total revenues between $5.50 billion and $5.55 billion. Adobe expects non-GAAP earnings between $4.63 per share and $4.68 per share. Consensus Estimate for revenues is pegged at $5.54 billion, suggesting growth of 9.71% from the year-ago quarter’s reported figure. Consensus estimate for earnings per share is expected to come in at $4.67 which indicate 9.13% growth from the figure reported in the year-ago quarter.