US Market On 14 Feb 2023 (Tue). $AI, $PLTR, $MU Stocks Up ?
It was a welcome respite to see the US market making up for last Friday's lost grounds.
Whatsmore having the guts to "mini-rally" a day before Jan 2023 CPI report to be released on Tue morning. Bold ? Commendable ?
When Market Closed On 13 Feb Evening :
- DJIA : +1.11% (+376.66 to 34,245.93).
- S&P 500 : +1.14% (+46.83 to 4,137.29).
- Nasdaq : +1.48% (+173.67 to 11,891.79). Best performing Index. Edging ever closer to the 12,000 mark.
- The VIX hardly budged; signalling there was little to no fear / panic in the market ytd.
14 Jan 2023 CPI Index - What Will It Be ?
Jan 2023 CPI Index - Forecast Mock Up ONLY !! ***
Based On Views From The Ground, It's Likely That
- CPI (all components) will come in at 6.2%; thats a -0.3% from Dec CPI of 6.5%
- CPI (exclude food & energy) will come in at 5.4%; thats also a -0.3% improvement from Dec CPI of 5.7%
- If its true that the US Market has already factored the forecast ytd, Mon (13 Feb), when the index is confirmed at 8:30am US time - will it be a runaway when trading resumes at 9:30am US time ?
Will Artificial Intelligence Stocks Be In Focus Today ?
My "US Market on 13 Feb" post, mentioned about Energy stocks
- Mentioned in my post US Market on 13 Feb 2023 that energy stocks could trend downwards in the immediate to short term.
- Above diagram shows some "shortlisted"companies stock prices for Mon 13 Feb.
With news about ChatGPT, $Microsoft(MSFT)$ Bing search engine [incorporating ChatGPT] and $Alphabet(GOOGL)$ 's Bard hogging the internet for the past few days - will this period be the Rise Of The Artificial Intelligence stocks from today until end of this week ?
Not even focusing on the above 2 stocks but more of the followings :
- $C3.ai, Inc.(AI)$
- $Micron Technology(MU)$
- $Palantir Technologies Inc.(PLTR)$ - FYI... Plantir has delivered a better than expected Q4 2022 earnings ytd after market has closed. Quite certain that it will gallop today. Question is how fast & how sustainable ?
How Will The Market Behave Today 14 Feb 2023 (Tue) ?
- Looking at US Pre-market indicators (above diagram) - All Red except Nasdaq Futures!
- Bitcoin & Ethereum prices for last hour & 24 hours (above diagram) - Red & Red!
- Asia markets (ASX - Green !, Nikkei - Green !, KOPSI - Green !, HSI - Red !)
- EU markets - -(DAX - Green !, FTSE - Green !, CAC - Green !).
Will the following stocks' Q4 2022 Earnings released today, be able to buffer Market's downwards trend or boost is upturn cycle ?
- Coca Cola ($KO).
- GlobalFoundaries ($GFS)
- Upstart ($UPST)
- NU Holdings ($NU).
- Do you think the Market will be Up or Down today ?
- Do you think AI related stocks will be on the rise today until Friday ?
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