Image Source: UnsplashThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Micron Technology, Inc. (MU), Anheuser-Busch InBev SA/NV (BUD), and Duke Energy Corporation (DUK). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>> Micron Technology shares were in line with the Zacks Semiconductor Memory industry over the year-to-date period (+28.7% vs. +28.7%). The company is benefiting from improved market con...
Image Source: PexelsAre you better of than you expected four years ago? I use trend growth 2016-2019 to figure out what is “expected”.Figure 1: Consumption per capita in Ch.2017$, calculated using consumption divided by population (blue), and 2016-19 (stochastic) trend (tan). NBER defined peak-to-trough recession dates shaded gray. Source: BEA, Census via FRED, NBER, and author’s calculations.More By This Author:Decomposing SentimentAre You Better Off Than You Were Four Years Ago? Confidence, Sentiment, And News In April: Some Time Series...
Image Source: UnsplashFor all of its insanity in the late 1990s, Amazon has turned into a placid, stable, and frankly boring stock. That’s no problem for the bulk of people who are content to hold on to it for growth because there’s no doubt, they’ve metamorphized from a crazy startup to something more closely resembling Walmart.More By This Author:Leaving Penn StationCVS Is Sick SMCI: Gap-Closing Short With Significant Downside Potential...
There is a popular meme that the government has an incentive to inflate because the same debt is worth less in real terms at a higher price level. If inflation is high enough, then the government (it is said) can make the debt go away. Inflation is, after all, a tax; doesn’t it then follow that if the government increases that tax quite a bit then it can get itself out of hock in real terms?It turns out that this is difficult to do, at least over a range of ‘normal’ inflation rates. The reason is that it is hard to get the debt to go away fast enough when the market adjusts interest rates to reflect the level of inflation. I want to try...
Image Source: Unsplash Join host James Connor and real estate expert Loreen Gilbert, Wealthwise Financial CEO, as they discuss the latest revolving around real estate whether now is the time to rent or buy, and if we’ll ever see fixed 30-year mortgage rates slump down to 3%.Loreen shares own outlook on GDP numbers, interest rate expectations, and the impacts this could have on the U.S. housing market. She also shares her insights on how remote work could be impacting the sector as a whole and her best advice for Gen Z and millennials who are looking to purchase a home! Don’t miss Loreen’s strategic advice on navigating the comp...
Image Source: Pixabay Richard Maybury provides a realistic assessment: “…. Everybody is always trying to figure out what these people (The Fed) are afraid of at any given moment, so we can get ready for their actions against it.” Despite overwhelming evidence that inflation is nowhere close to the Fed’s 2% target, Chairman Powell continues to trumpet three rate cuts before year-end.Expert Fed watcher Chuck Butler recently told us: “Well, three rate cuts before the election would certainly help the current administration. It will be a rally cry for the stock market, of which most people (incorrectly) associate with the economy. Wha...
Post the FOMC, the information value from US payrolls is amplified in our opinion. It’s a report that can always generate volatility. We think this one has the capacity to create a lot of discussion. Also, the back end of UST and Bund curves are tightly correlated, suggesting inflation risk from the US has been spilling over to materially impact Bund yields.Image Source: Unsplash Friday’s payrolls report is super interesting post the FOMC tone setting We provocatively asked the question yesterday whether Chair Powell had seen the payrolls number ahead of time. We’ll get some clue on Friday. The interesting thing about this repo...
Image Source: Unsplash Interest rate cuts are coming. We’ve been hearing that since the fall of 2023. Hasn’t happened. How come? More worrying for investors is what will happen, and how to prepare.In the fall of 2023, with inflation easing and the economy in general seemingly under control, it made sense for the Federal Reserve and economists to anticipate interest rate cuts for the new year. With all this optimism, many investors who had shied away from the stock market, preferring bonds or certificates of deposits—which offered their most decent returns in years—or who were on the sidelines, went on a shopping spree. They flocked t...
Image Source: Unsplash Apple Inc (Nasdaq: AAPL) is trading up in extended hours on Thursday after coming in ahead of Street estimates for its fiscal second quarter. iPhone revenue fell short of expectations The stock is gaining even though iPhone did not do all that well in Q2.The flagship handset generated $45.96 billion in revenue in the recently concluded quarter (down 10% year-over-year) versus analysts at $46 billion. Tim Cook – the chief executive of Apple Inc said in a press release today: We are focused on providing the very best products and services for our customers, and doing so while living up to the core values that drive...
Stocks were under a bit of pressure early on but found their footing and rallied into the close.The VIX fell.The Dollar fell.Gold and silver were under pressure and recovered into the close, with silver showing its usual resiliency. The demand for silver in high-tech industrial applications is fueling increased use of bullion. And the central banks and the paper constructs of the Banks cannot substitute leverage for the metal in use.Have a pleasant evening. More By This Author:Stocks And Precious Metals Charts – From Enemy Occupied TerritoryStocks And Precious Metals Charts – The Selling Began Stocks And Precious Metals Chart...