My top 10 things to watch Thursday, Nov. 20 1. The S & P 500 and Nasdaq were headed for sharply higher opens this morning as Nvidia ‘s stellar quarter reignited confidence in the artificial intelligence trade. The results boosted chip stocks, including Club holding Broadcom , which rose 4%, along with AI industrial plays,…
My top 10 things to watch Wednesday, Oct. 15 1. Bank of America’s better-than-expected earnings report this morning showed a level of charge-offs that is incredibly low. Club name Wells Fargo yesterday also set aside less money for losses. Nobody else seems to be warning about lurking bad corporate loans. Is JPMorgan the outlier here?…
Consumer stocks have been conspicuously absent from the market’s latest move to record highs. The S & P 500 is up 0.4% in October alone and touched a new intraday all-time high on Tuesday. But the consumer discretionary sector, as measured by the XLY ETF , isn’t doing as well. The XLY is down nearly…