Examining the Impact of Rising Inflation on Federal Reserve’s Interest Rate Decision
In a recent turn of events, the inflation narrative has taken center stage, prompting a closer examination of its implications on Federal Reserve policy. Let's delve into the intricacies of these developments and their potential ramifications. The Commerce Department's personal consumption expenditures (PCE) index revealed a notable uptick in consumer prices, registering a 2.7% year-over-year increase, surpassing the previous [...]
Tesla Finally Gains Approval for Full Self-Driving in China, But Is This Enough to Earn the Stock a Buy?
Tesla (TSLA) was climbing higher yesterday after its best week in a while as Elon Musk shared a pleasant surprise update with investors. He visited China to meet with Li Qiang and gained approval to move forward with its Full Self-Driving (FSD) software for the country’s electric vehicles. Musk also gained the go-ahead to transfer data overseas. This is [...]
Royal Philips Pops Nearly 30% on Better Than Expected Settlement & Earnings: Time to Buy PHG?
Over the past few years, Royal Philips (PHG) has been battered and bruised amidst concerns surrounding its devices being recalled and the implications of a settlement. The uncertainty has led to the stock getting cut nearly in half since 2021 when these issues were first noted. Its breathing devices and ventilators were created with a foam that could degrade [...]
Tech Earnings Fuel Market Surge: A Week in Review
Anticipation surrounding the upcoming big tech earnings releases fueled a positive start on Wall Street. The Dow improved by 0.7%, the S&P500 added 0.9%, and the Nasdaq surged 1.1% on Monday. Tuesday saw a continuation of the bullish sentiment, driven by impressive earnings beats from GM, Pepsi, and Spotify, along with optimistic forward outlooks. The Dow climbed 0.7%, the [...]
Alphabet Surpasses a $2T Market Cap Amidst AI Growth: We See 3 Other Reasons to Buy GOOGL
It’s no secret that Nvidia has been the AI poster child and Wall Street darling amidst this technology craze, delivering more than 220% growth in the past year and earning a market capitalization of $2.17 trillion. However, the Google parent company Alphabet (GOOGL) is not far behind, and actually appears poised to overtake the chip maker given its latest [...]
Meta Investors Aren’t Thrilled About AI Spending Plans as Shares Fall 12%: Time to Sell META?
Meta (META) announced its plans to invest aggressively in AI Wednesday, hoping to harness the power this technology claims to offer as a means to compete with Google and Microsoft. However, the news sparked investor uncertainty as shares initially tanked 15%. They’ve settled at a loss of around 12% Thursday morning. The announcement came as part of the company’s [...]
