How the Fed’s Rate Decision Will Impact the Market
The week, and, frankly, the month’s sentiment, will be set by today and tomorrow's Fed meeting and information on a rate cut. As Americans continue to feel inflationary pressures, the FOMC members’ interpretation of recent inflation data, such as CPI and PPI, will lay the path for when to expect a cut and how severe it could be. With [...]
Chipotle Climbs on Approval of 50 to 1 Stock Split – Here are 3 Other Reasons to BUY CMG Today…
Chipotle Mexican Grill (CMG) climbed 6% higher Wednesday morning after announcing that its board of directors had approved a 50 to 1 stock split. This will make the stock more accessible to employees along with other retail investors, as it currently trades at around $2,973/share. If the company gains shareholder approval for the move in the upcoming June 6 [...]
XPeng Drives Revenue and Margin Higher to Beat Earnings: Is it Time to Buy XPEV, Yet?
Chinese EV manufacturer XPeng Inc. (XPEV) posted impressive Q4 earnings that beat the top and bottom line, initially sending shares higher Tuesday morning. They’ve since cooled off and settled around even on the day. The company grew revenue by a whopping 154% to RMB13.05 billion ($1.84 billion). This easily outpaced the FactSet consensus of RMB12.64 billion. The growth in [...]
Enphase is Down 14% on High Interest Rates: Insiders are Selling ENPH, Should You Follow Suit?
Enphase Energy (ENPH) has fallen more than 14% in the past week as concern surrounding high interest rates continues to mount. This has prompted sharp sell-offs, which include insider selling. Interest rates are at a 23-year high today, and the Fed won’t take action anytime soon as consumer and wholesale inflation are both concerns of their own right now. [...]
Adobe Dips 14% After Beating Earnings, But Disappointing on Guidance: Why it’s Time to Sell
Shares of Adobe (ADBE) are down more than 14% Friday morning after the company delivered its first-quarter earnings for fiscal 2024. The company delivered on earnings, but its outlook for the quarters to come left much to be desired and spurred negative investor sentiment. Adobe’s results included an 11% growth in revenue to $5.18 billion, which outpaced the $5.14 [...]
Markets Remained Stunted After Disappointing Inflation Data
The week started off weak, turning green, and then shifted to mixed due to disappointing data, biotech success, uncertainty in tech, and tension in the US steel market. Monday showed mixed market results, Tuesday was in the green, investors proved unbothered on Wednesday after unfavorable CPI data, and the rest of the week looks like a downslide as hot [...]
