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Stock Market News and Commentary

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Wed, May 8th, 2024
U.S. Representative Maria Elvira Salazar Just Reported a Purchase of $CWEN stock

In a new disclosure filed today, U.S. Representative Maria Elvira Salazar reported the purchase of $15,001 - $50,000 of CLEARWAY ENERGY, INC. CLASS C COMMON STOCK, in a trade that took place on April 26....

CWEN : 24.96 (+0.69%)
Up 16% YTD, This Russell 2000 Energy Stock Still Looks Cheap

This small-cap energy stock is outshining the broader Russell 2000 in 2024, but still looks undervalued. Here's a closer look at Gulfport Energy Corporation, its significant year-to-date gains, and its...

$SREN : 711.74 (+0.02%)
$SPX : 5,188.38 (+0.01%)
GPOR : 154.99 (-1.67%)
IWM : 203.92 (-0.51%)
NGM24 : 2.183 (-1.09%)
CLM24 : 79.17 (+1.01%)
JPM : 195.86 (+2.14%)
BLK : 778.03 (-0.37%)
PIMCO Increases Bond Allocation Outside U.S. Amid Federal Reserve Inflation Concerns

PIMCO, the U.S. bond giant managing $1.9 trillion in assets, announced it is increasing its exposure to bonds in developed markets outside the United States due to potential complications arising from...

TLT : 90.22 (-0.57%)
SPY : 517.62 (+0.09%)
QQQ : 440.39 (+0.02%)
DIA : 390.78 (+0.52%)
Warner Bros Discovery to Slash Costs and Raise Max Streaming Prices

Warner Bros Discovery (WBD) is reportedly planning additional cost-cutting measures and a subscription fee increase for its Max streaming platform, according to sources familiar with the matter cited by...

WBD : 7.78 (+0.13%)
FOX : 30.53 (+2.28%)
FOXA : 33.13 (+2.51%)
IMCO Increases Bond Allocation Outside U.S. Amid Federal Reserve Inflation Concerns

PIMCO, the U.S. bond giant managing $1.9 trillion in assets, announced it is increasing its exposure to bonds in developed markets outside the United States due to potential complications arising from...

TLT : 90.22 (-0.57%)
SPY : 517.62 (+0.09%)
QQQ : 440.39 (+0.02%)
DIA : 390.78 (+0.52%)
Oil Rebounds as U.S. Stockpiles Decline, Signaling Tighter Market

Oil prices (USO) rebounded on Wednesday after government data revealed a decline in U.S. stockpiles, signaling a tighter physical market. West Texas Intermediate (WTI) settled near $79 a barrel after crude...

USO : 76.14 (+0.85%)
UCO : 31.52 (+0.61%)
SPY : 517.62 (+0.09%)
TLT : 90.22 (-0.57%)
QQQ : 440.39 (+0.02%)
DIA : 390.78 (+0.52%)
BOKF : 93.42 (+1.01%)
The Relationship Between Elections and Volatility

Inflation, interest rates and geopolitical uncertainty tend to influence the market more than U.S. elections. CME Group CVOL data shows above-average volatility in the treasury and metals markets in the...

U.S. Wholesale Inventories Drop 0.4% in March, Dragging Down GDP Growth

U.S. wholesale inventories declined by 0.4% in March, confirming that inventory investment remained a drag on economic growth in the first quarter, according to data released by the Commerce Department's...

SPY : 517.62 (+0.09%)
TLT : 90.22 (-0.57%)
QQQ : 440.39 (+0.02%)
DIA : 390.78 (+0.52%)
AWS Breaks New Ground with Telefonica Germany 5G Cloud Deal

Amazon Web Services (AWS), a subsidiary of Amazon (AMZN), is set to move one million 5G customers of Telefonica Germany, also known as O2 Telefonica, to its cloud platform later this month, marking a significant...

AMZN : 188.19 (-0.30%)
MSFT : 410.88 (+0.38%)
DISH : 5.77 (+1.94%)
Microsoft Still Leads the AI Race. It's Not Too Late To Buy the Stock.

Understanding where AI technology is starting to yield real business results - and where it isn’t - will be key to distinguishing the AI winners from the losers in the coming years. One obvious winner...

NVDA : 904.99 (-0.06%)
TSM : 143.60 (+1.76%)
MSFT : 410.88 (+0.38%)
META : 472.78 (+0.97%)
GOOGL : 169.42 (-1.07%)
AMZN : 188.19 (-0.30%)
BAC : 37.69 (-0.40%)

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Apparently you can buy a Pepsi and a Gold Bar in South Korean Vending Machines! That's neat 😂 https://t.co/AlYL9cOPm4
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2.5-year downtrend for Tesla $TSLA on the weekly chart, nothing but lower highs https://t.co/wTOPdg6caP
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Will the S&P 500 $SPX hit 5,500 this year?
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What stocks is this? https://t.co/vuYoH1nsWf
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Stock Market has now been in FEAR for 18 consecutive trading days 👻😱 https://t.co/WAydM4Rf8O
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A Boeing $BA 767 crashed into a runway during a FedEx emergency landing in Turkey. The front landing gear reportedly malfunctioned. https://t.co/cDBRH1AdyA
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Japanese Yen continues to fall against the U.S. Dollar - will another intervention be needed soon? https://t.co/rciPJwX0XD
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One out of every 24 New York City residents is a Millionaire 🚨 https://t.co/WSZB01khmx
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Housing Rental prices in the U.S. climbed 1.5x faster than wages over the last 4 years 👀 https://t.co/01C3QW7wUb

Chart of the Day

SPX Corp (SPXC)

Authors Note: SPXC was the Chart of the Day on February 20 when it closed at $110.37. Since that date it gained about 23%+ and today was at the top of my screening list again. The Chart of the Day belongs to the building products and equipment company SPX Technologies...
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