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Stock Market News and Commentary

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Thu, May 16th, 2024
General Motors Stock: Analyst Estimates & Ratings

General Motors has significantly outperformed the broader market over the past year, and analysts believe the stock has further upside left.

GM : 46.02 (+1.17%)
$SPX : 5,317.73 (+0.18%)
HAIL : 29.79 (-0.21%)
Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave...

Supreme Court Upholds CFPB's Funding, Backing Biden Administration

The U.S. Supreme Court has upheld the Consumer Financial Protection Bureau's (CFPB) funding mechanism, marking a significant victory for the Biden administration and a setback for the agency's conservative...

WFC : 61.89 (-0.72%)
Lower US Jobless Claims Boost Odds for Fed Rate Cut in September

The number of Americans filing new claims for unemployment benefits fell last week, signaling underlying strength in the labor market. According to the Labor Department, initial claims for state unemployment...

SPY : 530.72 (+0.18%)
TLT : 92.14 (+0.04%)
QQQ : 454.04 (+0.25%)
DIA : 400.44 (+0.29%)
XLK : 213.46 (+0.20%)
IWM : 208.55 (-0.42%)
Walmart's Strong Earnings and Raised Forecast Boost Stock Price

Walmart raised its full-year forecast and reported better-than-expected first-quarter results on Thursday, attributing the positive outlook to easing inflation and stronger sales of groceries and non-essential...

WMT : 63.56 (+6.23%)
TGT : 163.20 (+3.61%)
UPS Entrusts Goldman Sachs with $43.4 Billion Pension Management

Goldman Sachs (GS) has announced that its asset management division has secured a deal to manage $43.4 billion in pension fund assets for UPS in North America. This strategic agreement involves providing...

GS : 467.06 (+0.21%)
UPS : 149.62 (+1.14%)
Stock Indexes Push to Record Highs on Fed Rate Cut Optimism

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.32%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.28%. US stock indexes this morning...

$SPX : 5,317.73 (+0.18%)
SPY : 530.72 (+0.18%)
$DOWI : 39,990.80 (+0.21%)
DIA : 400.44 (+0.29%)
$IUXX : 18,643.74 (+0.25%)
QQQ : 454.04 (+0.25%)
ZNM24 : 109-170 (-0.17%)
WMT : 63.56 (+6.23%)
TGT : 163.20 (+3.61%)
DLTR : 122.26 (+2.91%)
COST : 801.71 (+1.86%)
DG : 146.14 (+3.60%)
Why Is Walmart (WMT) Stock Rocketing Higher Today

Why Is Walmart (WMT) Stock Rocketing Higher Today

WMT : 63.56 (+6.23%)
Why Under Armour (UAA) Shares Are Getting Obliterated Today

Why Under Armour (UAA) Shares Are Getting Obliterated Today

UAA : 6.84 (+0.59%)
Richard Tang of Rokos Capital Management Says Fed Rate Cuts Unlikely This Year

Richard Tang, head of global markets at Rokos Capital Management, stated in a Bloomberg Television interview that the Federal Reserve is unlikely to loosen monetary policy this year. Despite market expectations...

SPY : 530.72 (+0.18%)
TLT : 92.14 (+0.04%)
QQQ : 454.04 (+0.25%)
DIA : 400.44 (+0.29%)

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The Great Orange Juice Squeeze continues as prices hit a fresh all-time high 🍊 https://t.co/jQXNVnnju9
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Chubb $CB hitting all-time highs after Warren Buffett's Berkshire Hathaway disclosed a $6.7 billion position https://t.co/Xtc9TRGakl
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JUST IN 🚨: Dow Jones Industrials crosses above 40,000 for the first time in history https://t.co/zWfnbLlrlf https://t.co/xtBzRdvDdE
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Today's 4 Stock Market Movers: $CB $DG $BIIB $DE https://t.co/jnueYubZ5I
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Foreign Investors have built the largest short position on Indian Stocks in over a decade 🚨 https://t.co/96dMJ1j3b7
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The next time Japan has to intervene to save the Yen, it will likely sell U.S. Treasuries to do so cautions Bank of America https://t.co/N7Ky7dhgp7
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Mega Cap Tech Volatility has fallen to the lowest level of the year https://t.co/8PU2k1cM0W
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Chinese Junk Bonds jump to highest level in 3 years https://t.co/1AT7V3r2uB
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S&P 500 $SPX could meltup and blow right through 5,400 if the Fed cuts too soon says Ed Yardeni https://t.co/U1xo8VrYKw
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Leveraged Funds have built the largest bullish copper position in more than 3 years https://t.co/gWqh2RuIIa

Chart of the Day

The Chart of the Day belongs to financial service company The Goldman Sachs Group (GS). 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...
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