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Tue, Apr 23rd, 2024
Should You Buy This Beaten-Down AI Stock for Its 4% Dividend Yield?

Sales of AI-enabled gadgets are expected to drive hardware sales over the next few years. PC maker HP looks like an AI play worth buying for its nearly 4% dividend yield and tepid valuations.

NVDA : 824.23 (+3.65%)
MSFT : 407.57 (+1.65%)
AMZN : 179.54 (+1.30%)
META : 496.10 (+2.98%)
GOOG : 159.92 (+1.25%)
$SPX : 5,070.55 (+1.20%)
HPQ : 27.67 (-0.11%)
BRK.B : 408.74 (-0.01%)
AAPL : 166.90 (+0.64%)
Hogs Bulls Push Higher on Tuesday

Lean hogs saw gains of $1.20 to $2.45 on Tuesday. USDA’s National Average Base Hog negotiated price was up $1.54 cents from the Monday afternoon print, at $91.85 on Tuesday afternoon. The CME Lean Hog...

HEK24 : 98.575s (+1.94%)
HEM24 : 107.950s (+2.32%)
HEN24 : 109.950s (+2.11%)
Wheat Leads Bull Charge For Second Day In a Row

The wheat complex continued this week’s rally on Tuesday. Chicago contracts were up 8 to 15 ¼ cents on the day. Kansas City posted gains of 8 ½ to 11 ¾ cents at the close. MPLS was 6 ¼ to 10 ¾ cents...

ZWK24 : 585-0s (+2.59%)
ZWN24 : 602-6s (+2.60%)
KEK24 : 608-6s (+1.88%)
KEN24 : 614-2s (+1.95%)
MWK24 : 666-4s (+1.64%)
Soybeans Post Gains with Planting Delays Expected Later This Week

Soybean futures posted gains of as little as fractionally to as much as 6 ¼ cents on Tuesday. Soymeal turned around on midday weakness to close with contracts up 90 cents to $1.40/ton, with Soy Oil rallying...

ZMN24 : 346.1s (+0.38%)
ZLN24 : 45.88s (+0.48%)
ZSK24 : 1167-4s (+0.56%)
ZSPAUS.CM : 11.1526 (+0.63%)
ZSN24 : 1182-0s (+0.47%)
ZSX24 : 1174-0s (+0.19%)
ZSPX24US.CM : 11.1362 (+0.20%)
Cattle Reverse Action to Close Mixed on Tuesday

Live cattle were higher early in the Tuesday session but bulls felt queasy by midday. Futures closed down 12 to 90 cents in the nearbys and 32 cents to $1.12 higher out in the 2025 contracts. Cash action...

LEJ24 : 183.350s (-0.26%)
LEM24 : 177.150s (-0.51%)
LEQ24 : 175.500s (-0.51%)
GFJ24 : 243.750s (+0.35%)
GFK24 : 246.050s (+0.36%)
GFQ24 : 259.400s (+0.36%)
Corn Futures Fight for Gains on Tuesday

The Tuesday action in the corn market saw futures close mixed with 24/25 strength, up 1 ¼ to 3 ¼ cents Contracts for the ’25 crop and beyond were fractionally to 1 ¾ cents lower. Monday afternoon’s...

ZCK24 : 443-0s (+0.74%)
ZCPAUS.CM : 4.2744 (+0.79%)
ZCN24 : 452-4s (+0.61%)
ZCZ24 : 474-6s (+0.48%)
ZCPZ24US.CM : 4.4357 (+0.52%)
Cotton Closes Mixed Ahead of First Notice Day

The cotton market reversed some of Tuesday’s intraday weakness, with contracts closing 18 to 70 points lower and 50-100 points off their lows. May was up 18 points ahead of first notice day on Wednesday....

CTK24 : 80.22s (+0.22%)
CTN24 : 81.72s (-0.85%)
CTZ24 : 78.08s (-0.52%)
3 Overlooked Stocks to Buy This Spring

With mid-cap stocks anticipated to make a comeback on accelerated earnings growth, here are three overlooked stocks that investors might consider this spring.

$SPX : 5,070.55 (+1.20%)
GFL : 33.21 (+0.33%)
THC : 97.86 (+3.17%)
GLBE : 33.93 (+3.82%)
WCN : 166.17 (-0.06%)
UHS : 164.91 (+2.35%)
Stocks Finish Higher as Q1 Earnings Impress

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +1.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.51%. US stock indexes...

$SPX : 5,070.55 (+1.20%)
SPY : 505.65 (+1.19%)
$DOWI : 38,503.69 (+0.69%)
DIA : 385.02 (+0.69%)
$IUXX : 17,471.47 (+1.51%)
QQQ : 425.07 (+1.49%)
ZNM24 : 108-015 (-0.03%)
GL : 75.76 (+14.11%)
GE : 162.62 (+8.28%)
DHR : 253.11 (+7.21%)
MDB : 366.31 (+7.69%)
KMB : 136.04 (+5.51%)
Dollar Retreats as Bond Yields Fall and Stocks Rally

The dollar index (DXY00 ) Tuesday fell to a 1-week low and finished down by -0.37%. The dollar was under pressure from strength in the euro after Tuesday’s news showed the Eurozone Apr S&P composite...

DXY00 : 105.675s (-0.38%)
^EURUSD : 1.07027 (+0.01%)
^USDJPY : 154.750 (-0.05%)
GCM24 : 2,337.3 (-0.20%)
SIK24 : 27.350 (-0.04%)

Tweets @Barchart

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Tesla $TSLA rocketing higher in after hours after reporting earnings https://t.co/dyQ3tzs1cG
Barchart
@Barchart
FTC votes 3-2 to ban noncompete agreements. Estimates indicate that roughly 30 million Americans are covered by noncompete agreements. https://t.co/ptbavY8279
Barchart
@Barchart
Stock Market remains in Fear for a 7th consecutive trading day 👻😱 https://t.co/H9RJlXC2Sn
Barchart
@Barchart
$META on track to reclaim its 50D moving average https://t.co/vY9rP5dXBi
Barchart
@Barchart
Today's 4 Stock Market Movers: $DHR $MSCI $SHW $HIBB https://t.co/RkBFxaBtCf
Barchart
@Barchart
United Kingdom's stock exchange, FTSE 100, hit an all-time high for the first time in more than a year https://t.co/3Dpv64qpNp
Barchart
@Barchart
New Stock ETFs will offer the potential for capped upside gains with 100% downside protection. It's a miracle! What could go wrong? https://t.co/d3UpO9sGlW
Barchart
@Barchart
Tech Stocks underperformed the S&P 500 last week by the largest margin since the Global Financial Crisis 👀 https://t.co/lJmFpyoRsB
Barchart
@Barchart
BREAKING 🚨: Securities & Exchange Commission Two SEC Lawyers resigned after a judge cited the agency's 'gross abuse of power' during a cryptocurrency case in March https://t.co/0sXR7v9VJ6 https://t.co/5OpymCRwPX
Barchart
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H/T: @Stockspy1 for the show

Chart of the Day

Skywest Inc (SKYW)

The Chart of the Day belongs to the regional airline SkyWest (SKYW) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature...
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