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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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Butter hits highest price since Halloween 🎃 https://t.co/71VcsnlMK9
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CBOE Volatility Index $VIX closes at lowest level since January 11 https://t.co/PxN3Mx6PiB https://t.co/cukuzVESCQ
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Investor allocation to Real Estate falls to lowest level in 15 years https://t.co/O8SjSyKY0x
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Goldman Sachs Panic Index continues to collapse - no fear left in the market https://t.co/iisNEEg7Fp
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Investor Allocation to Stocks is at all-time highs https://t.co/t6TK47fcwc
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Fund Managers are the most bullish on stocks since November 2021 https://t.co/3qJwf9XI2L
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The number of AI startups by country - USA way out in the lead 🇺🇸 https://t.co/L7i7o36Gvn
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Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS https://t.co/GilsdgaDZR
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Credit Card Delinquencies rise to highest level in more than a decade 👀 https://t.co/xjofsQqlDJ
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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y

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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