Having cooled considerably after a strong first half of the year, shares of Advanced Micro Devices Inc (NASDAQ: AMD) are once again doing what they love best: rallying. The stock is up about 40% since the last week of October and has all but undone the recent slide that had taken the shine off what was otherwise shaping up to be a stellar year. Like most of the other names in the industry, AMD has been on the receiving end of both hype and concerns around the broader semiconductor industry and the now intertwined AI side of it. This can be both good and bad for investors, depending on your investment time horizon. .
Equity markets advanced in the preceding week but may not get much higher. The S&P 500 is facing stiff resistance near 4,610, and multiple catalysts due this week could dampen appetite for stocks. Among them are the CPI inflation data, the FOMC policy decision and the November retail sales. Because inflation is expected to run hot again, the FOMC is unlikely to alter its stance on interest rates. The retail sales figure may also be disappointing, given the impact on spending that higher prices and interest rates have.
The next move for the S&P will be telling. If the market manages to move up to a new high this week, the odds of it setting a new all-time high are near certain. If not, the market will remain range-bound for the foreseeable future and a Santa Claus Rally is unlikely. In that scenario, a move to retest support near 4,550 is the least investors should worry about because a much deeper correction could be coming.
Having cooled considerably after a strong first half of the year, shares of Advanced Micro Devices Inc (NASDAQ: AMD) are once again doing what they love best: rallying. The stock is up about 40% since the last week of October and has all but undone the recent slide that had taken the shine off what was otherwise shaping up to be a stellar year. Like most of the other names in the industry, AMD has been on the receiving end of both hype and concerns around the broader semiconductor industry and the now intertwined AI side of it. This can be both good and bad for investors, depending on your investment time horizon.
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The solid hiring revealed in Friday's jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a "soft landing" next year rather than a widely feared recession
The COVID-19 pandemic has shown the world that e commerce stocks are here to stay, even as in-person shopping returns to pre-pandemic levels. The e-commerce market has taken a significant market share, with every major individual retailer now offering some form of online shopping experience. Investing in e-commerce giants (and the tech companies that make the online buying infrastructure possible) can help traders prepare for the future of online sales. Learning how to buy e commerce stocks starts by analyzing the industry before narrowing your search to major industry players....
The same technology you use to order food in a restaurant... could soon be the key to accessing your bank account and Social Security income. It’s all thanks to a project backed by the White House, Federal Reserve and US Treasury.
Chinese leaders agreed at an annual planning meeting to step up spending to help rev up the world's second-largest economy, state media reported Friday, without giving details of any policy changes. The official Xinhua News Agency said leader Xi Jinping chaired the meeting aimed at boosting growth, defusing risks and ensuring stability. The report said that the meeting concluded "the proactive fiscal policy should be appropriately intensified and improved in quality and efficiency."Recent estimates suggest the Chinese economy has expanded this year at about a 5% annual rate, in line with the government's target.
The acronym "CPI" for Consumer Price Index may seem familiar if you pay attention to the stock market. It's constantly mentioned in the headlines when referring to inflation. How is an acronym few people knew or cared about just a few years ago now a top news story and significant stock market mover today? How does the Consumer Price Index (CPI) impact you and your money? In this article, we'll go over the effects of the CPI and why it's essential for your investments. We'll also explain how the consumer price index affects stock market action. How does the Consumer Price Index (CPI) work? The CPI measures the average rate of change in the prices of goods and services consumed by households over some time.
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
The Federal Trade Commission is investigating Chevron's acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger.Chevron and Hess said in separate filings that the FTC is seeking additional information and documentary materials related to Chevron's proposed $53 billion purchase of Hess, announced in October.The statements Friday follow an announcement earlier this week that the FTC is reviewing ExxonMobil's proposed $60 billion acquisition of Pioneer Natural Resources. Such requests for information are steps the agency takes when reviewing whether a merger could be anticompetitive under U.S.
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