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Of the few significant trends driving investor—and Wall Street—interest today is the race for electric vehicle (E.V.) domination. Like technology stocks in their own race for artificial intelligence (AI) breakthroughs, investors need to be extra picky about which names to back and why. While it can be a wild guess as to which company could win the race, one trend is as clear as shooting fish in a barrel. Whether it is Tesla Inc. (NASDAQ: TSLA) or BYD Company Ltd. (OTCMKTS: BYDDF) that takes over most of the EV market share, both would need the help of two critical components to rise to the top. Copper and lithium are fundamental materials in making batteries to make these EVs work, where two mining stocks come into play as indispensable. . Unsubscribe YOUR EVENING RECAP FOR FRIDAY, APRIL 12TH Equity markets rebounded on Thursday after softer-than-expected PPI data took the sting out of Wednesday's CPI report. Because the PPI is a leading indicator of consumer prices, market participants believed the data points to decelerating inflation, keeping the FOMC on track to cut rates this year. The caveat is that the CPI was largely driven by gas and energy prices, which are up significantly from recent lows and $10 or 13% above 2023's average price. With this situation underpinning the economy, inflation should be expected to persist for the foreseeable future. Next week's focus will be on earnings. The banks usher in the CQ1 earnings reporting season today, which is expected to show earnings growth accelerate from the prior quarter. The risk is that results, guidance, or both will be less than anticipated, undercutting the outlook for full-year results. Inflation and interest rates aside, a deteriorating outlook for earnings is a powerful headwind for the S&P 500 that it may be unable to overcome. Add in the growing possibility that there will be no interest rate cuts this summer, and the odds of a major S&P 500 correction before or over the summer grow to a near certainty. Featured: A.I. Pioneer Issues Urgent Warning to Americans (TradeSmith) 3 KEY STOCKS HELPING TO DRIVE THE EV RACE Of the few significant trends driving investor—and Wall Street—interest today is the race for electric vehicle (E.V.) domination. Like technology stocks in their own race for artificial intelligence (AI) breakthroughs, investors need to be extra picky about which names to back and why. While it can be a wild guess as to which company could win the race, one trend is as clear as shooting fish in a barrel. Whether it is Tesla Inc. (NASDAQ: TSLA) or BYD Company Ltd. (OTCMKTS: BYDDF) that takes over most of the EV market share, both would need the help of two critical components to rise to the top. Copper and lithium are fundamental materials in making batteries to make these EVs work, where two mining stocks come into play as indispensable. Read The Full Story > CHANGE YOUR FINANCIAL SITUATION (AD) Don’t wait any longer to start earning extra income. Now’s your time to live a life filled with abundance. Get your report now to uncover all the specifics… CLICK HERE TO "Master the Art of Consistent Income through Stock Options Trading. BIG BANKS WARN OF UNCERTAIN YEAR AHEAD AFTER MIXED FINANCIAL PERFORMANCES IN THE FIRST QUARTER Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere Read The Full Story > 5 SEMICONDUCTOR GIANTS: NAVIGATING THE RECENT PULLBACK Amidst the recent correction and pullback across the semiconductor sector, a sector that has long been a powerhouse driving market growth, investors find themselves at a pivotal juncture. After a period of remarkable performance both year-to-date and over the previous year, the sector has encountered a significant pullback. This pullback, however, might unveil a compelling buy opportunity for savvy investors. The semiconductor industry, spearheaded by giants such as NVDA, AMD, TSMC, INTC, and SMCI, has propelled the overall market to new heights. Led by innovators like Nvidia, the sector had witnessed an unprecedented surge, fueled by burgeoning demand for its products thanks to Artificial Intelligence (AI). Read The Full Story > THESE STOCKS ARE "ON SALE" (AD) No matter what happens in the market; finding good companies to invest in when their stock prices are low is one of the best ways to build wealth using the stock market. These stocks could grow 10X their current price, which are currently a BARGAIN. Buying stocks like these when the market is down could lead to massive wealth and net worth growth when the markets go back up. Download the list of companies we recommend for free using this link. EX-FED CHAIR BEN BERNANKE FINDS 'SIGNIFICANT SHORTCOMINGS' IN BANK OF ENGLAND'S ECONOMIC FORECASTING A review of the Bank of England’s economic forecasting undertaken by the former chair of the U.S. Federal Reserve has found “significant shortcomings” that should be addressed to better inform future interest rate decisions Read The Full Story > BREAKOUT ALERT: COINBASE'S CONSOLIDATION IS ABOUT TO END There's no denying that equities are a strong market right now. The benchmark S&P 500 index has been powering to high after high since before Christmas, and there are increasing signs of the Fed beating inflation. With such a risk-on sentiment sweeping markets, many stocks that did so before the 2022 crash are back in vogue. One such stock in particular is Coinbase Global, Inc. (NASDAQ: COIN), the digital cryptocurrency exchange. Its shares have been recovering for over a year now, but even with a 700% rally, they're still nowhere near the highs of its 2021 IPO. Links with Bitcoin That's just to give some context on how hard some of these growth-focused tech stocks were hit and how much potential some of them still hold. Read The Full Story > THIS COULD BANKRUPT 1,938 COMPANIES (AD) Forget BTC – This is Where You Should Be Putting Your Money The S&P 500 just hit its 18th new high. Bitcoin is soaring. And investors are rushing to get in. But according to Pentagon Consultant Joel Litman, BTC and NVDA aren't the best places for your money. Instead, take a look at Joel's list of U.S. companies that could double or triple thanks to a massive wealth transfer that's underway. Click here for details. FACED WITH POSSIBLY PAYING FOR NEWS, GOOGLE REMOVES LINKS TO CALIFORNIA NEWS SITES FOR SOME USERS Google on Friday began removing California news websites from some people's search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google announced the move in a blog post on Friday, calling it a "short-term test for a small percentage of users ... to measure the impact of the legislation on our product experience.” The company said it also would pause new investments in the California news industry, including the partnership initiative with news organizations and its product licensing program.“By helping people find news stories, we help publishers of all sizes grow their audiences at no cost to them. Read The Full Story > DIVIDEND ARISTOCRAT FASTENAL GOES ON SALE: BUY IT WHILE IT’S DOWN Dividend Aristocrat Fastenal (NASDAQ: FAST) fell about 5% after its Q1 release and may fall further. Not because the business is flagging but because the valuation has run up to unsustainable levels. This stock rose nearly 100% over the last two years, recently peaking at an all-time high, and correction is due. Much of the gains for this construction stock were made this year, about 3600bps, since January when the stock was included in the Dividend Aristocrats index, another factor in today's decline. Because of indexing, inclusion in the Dividend Aristocrat index is responsible for this year's price run-up. Read The Full Story > US CONSUMER SENTIMENT FALLS SLIGHTLY AS OUTLOOK FOR INFLATION WORSENS Consumer sentiment about the U.S. economy has ticked down but remains near a recent high, with Americans' outlook largely unchanged this year. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, slipped to 77.9 this month, down from March's figure of 79.4. Sentiment is about halfway between its all-time low, reached in June 2022 when inflation peaked, and its pre-pandemic averages. The survey has been conducted since 1980. “Consumers are reserving judgment about the economy in light of the upcoming election, which, in the view of many consumers, could have a substantial impact on the trajectory of the economy,” said Joanne Hsu, director of the consumer survey. Read The Full Story > The Night Owl is an evening newsletter published by The Early Bird and powered by MarketBeat. The Night Owl covers top stories on the stock market and outlook on interesting stocks. If you give a hoot about the market, read your copy every Tuesday, Thursday, and Sunday evening. MarketBeat Media, LLC 345 N Reid Place, Suite 620, Sioux Falls, SD 57103. contact@marketbeat.com Unsubscribe Today's Bonus Content: Terrifying Forecast: Could Your Funds be Seized?