Monday's Must-Read Stock News


(MENAFN- Baystreet) March Inflation Report: A Bad Bear Warning

  • Apple's iPhone Shipments Fell Nearly 10% In First Quarter
  • Why Markets Cancelled Powell's Rate-Cut Pivot
  • Monday's Movers: GS, SCHW, BAC, and UNH
  • 3 Winners and 3 Losers: GL, STT, KIM, ANET, ZTS, FMC Previous Articles Subscribe to Get Small Cap News & Alerts Chris Lau - Monday, April 15, 2024

    Monday's Must-Read Stock News

    Last week's red-hot March inflation report is the least of the stock market's worries. U.S. crude oil prices rose again to around $85.50. Geopolitics caused panic in the energy markets, as tensions between Israel and Iran heightened.

    Exxon Mobil (XOM) fell by 0.82% in the last week, Conoco Phillips (COP) declined by 1.74%, and Chevron (CVX) fell by 1.63%. WTI crude prices usually stall when they are at around $100/bbl.

    The Swiss government imposed harsher capital requirements on UBS. The new rules would slow UBS's growth rate. It may set a precedent for tougher regulations against banks around the world. Watch out for selling pressure to mount on Morgan Stanley (MS), JP Morgan (JPM), and UBS stock today.

    No Rate Cuts

    Mainstream media will try to backtrack on the rate cut narrative that began last Sept. 2023. This would suggest that SPY, QQQ, and IWM have a higher-than-average risk of falling closer to levels from late last year. Investors hedging against higher inflation already bought gold, sending the metal's prices to all-time highs.

    Richly valued technology stocks may pull back further today. SMCI (SMCI), AMD (AMD), Nvidia (NVDA), and Tesla (TSLA) have the highest risk. Last week, Arista Networks (ANET) dropped. Already, software firms Adobe (ADBE) and Autodesk (ADSK) are in a sustained downtrend.





    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks

    MENAFN15042024000212011056ID1108095637


  • Baystreet.ca

    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.