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Alphabet is accelerating revenue growth and capitalizing on the rising effectiveness of artificial intelligence...
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As the Federal Reserve prepares to decide on rate cuts on Wednesday, markets are trading higher Monday. PGIM Fixed Income Co-Chief Investment Officer Gregory Peters joins The Morning Brief to provide insights into the rate cut outlook. Peters suggests that the Fed meeting on Wednesday may not be "all that interesting," as Chairman Jerome Powell may need to "walk back being more dovish" in light of the hot inflation data failing to align with the Fed's target. This scenario could compel the central bank to hold rates steady and refrain from implementing rate cuts. While Peters acknowledges the potential for a rate hike, he notes that "it's not the base case." The "root cause" of the Fed's rate-cut apprehension is "a positive story," Peters says. He points to the robust state of the economy, coupled with slightly higher inflation, as a backdrop that is "favorable for broad earnings." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith...
Continue ReadingMeta Platforms is opening up its VR/AR operating system in hopes of getting more adoption...
Continue ReadingThe Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior restraint” on his speech in violation of the First Amendment. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private...
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Here's everything you need to know about the electric vehicle maker's week...
Continue ReadingMonday marks the start of a busy week for Wall Street, with a slew of data releases set to shape market dynamics. Big Tech earnings, the highly anticipated Federal Open Market Committee (FOMC) meeting, and the closely watched jobs report are all scheduled to unfold. Wells Fargo Senior Global Market Strategist Scott Wren joins The Morning Brief to provide insights into how these developments might impact markets and the Federal Reserve's rate cut outlook. With the FOMC meeting and decision announcement slated for Wednesday, Wren believes "we're not going to see any surprises," predicting that the higher-for-longer interest rate environment will likely persist. He believes that two rate cuts could materialize in 2024, starting in September. The next most likely scenario is "fewer cuts, not more," Wren says. As the Big Tech earnings season continues to unfold this week, Wren believes the tech and communications services sectors are "overvalued." However, he acknowledges that with industry heavyweights like Microsoft (MSFT) driving market rallies post-earnings, "clearly the market is going to hang on results" for a few days. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith...
Continue ReadingAlphabet, Meta Platforms, and Microsoft reported earnings last week...
Continue Reading(Bloomberg) -- The risk-on momentum in technology stocks last week wasn’t lost on hedge funds, who scooped up the sector’s companies at the fastest clip in more than a year.Most Read from BloombergMusk Wins Tentative Clearance for Tesla Driving System in ChinaMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Built ‘Large’ Stake in Buffett-Favored Sumitomo, Source SaysYen Sparks Intervention Suspicion After U-Turn From 1990 LowsYen Watchers Ask When Japan Will Step In as Sli...
Continue ReadingUS Equities (^GSPC, ^DJI, ^IXIC) are rising on Monday as the market awaits a busy week of earnings from Big Tech names, an upcoming Federal Reserve meeting, and April's job report. Tesla CEO Elon Musk (TSLA) has wrapped up his surprise visit to China, where he worked to expedite the "Full Self-Driving" software rollout. According to Bloomberg, Chinese officials have told the company that they have tentatively approved the plans to launch the tech in the country. According to a report from The Wall Street Journal, Paramount (PARA) is considering removing current CEO Bob Bakish. Yahoo Finance's Jared Blikre, Akiko Fujita, and Alexandra Canal join The Morning Brief to break down the three things investors need to know for the trading day. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino...
Continue ReadingTesla's extensive charger network and energy business are additional strengths for the company. See why we upgrade our rating of TSLA stock from sell to hold...
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