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Guiding clients through unstable markets
Paul Schatz avoids hot stocks while looking for opportunities in bonds and non-hot stocks.
Category: stocks
Equity Correlations Rise as Wall Street Decline Widens
A stock market correlation index hit a nearly four-month high on Wednesday, signaling that investors expect stocks to swing higher in the coming days. The S&P 500 fell 0.58% on Wednesday, down nearly 5% from its record high in late March, while the Cboe 1-month implied correlation index rose as high as 21.79, the highest since late December. The Cboe Index, which measures the market's expectations for correlations among S&P 500 components, had recently hovered below 10 points in early April, a low rarely touched in the index's nearly 20-year history, according to LSEG.
Today's stock market: Tech stocks lead the way lower, with INVISTA down nearly 4 percent.
Investors have put rate cut worries on the back burner in favor of focusing on earnings season.
Prokis sees market tightening again after rate cuts begin
Prologis on Wednesday modestly lowered its 2024 forecast as the firm cited recent demand weakness linked to near-term uncertainty.The post Prologis Sees Markets Tightening Again Once Rate Cuts Begin appeared first on FreightWaves.
Why are AMD, Applied Materials and Lam Research all down today?
Will China's "overproduction" of semiconductor chips flood the market?
Reasons Why Interactive Brokers Stock Is Moving Higher Today
Online Brokerage Firms' Shares Rise on Solid Q1 Earnings Reports
Shares of Sage Therapeutics, which specializes in neurodegenerative diseases, fall after disappointing Parkinson's data
On Wednesday, Sage Therapeutics (NASDAQ Resonance: SAGE) announced preliminary results from the PRECEDENT Phase 2 study of dalzanemdor (SAGE-718) for the treatment of patients with mild cognitive impairment in Parkinson's Disease.The PRECEDENT study did not reach its primary endpoint of a significant difference in coded scores on the Wechsler Adult Intelligence Scale Fourth Edition-IV (WAIS-IV) (WAIS-IV) compared to baseline on the patients who were treated with dalzanemdor once daily on Day 42, as compared to patients who were treated with placebo. There was a statistically significant difference from baseline between patients treated with dalzanemdor and those treated with placebo on the coded test scores of the Wechsler Adult Intelligence Scale, Fourth Edition-IV (WAIS-IV), a measure that is
United Airlines Stock: Q1 Earnings Surge Versus Technical Red Flags Technical Red Flags
United Carpet Airways Holdings Inc (NASDAQ: UAL) announced impressive first-quarter results that beat market expectations. As of 10:30 a.m. EST Wednesday, the company's stock price had risen about 12%, driven by investors' optimism about its results. First-quarter beat drives stock price United Airlines reported first-quarter revenues of $12.5 billion, beating the consensus estimate of $12.4 billion. The company reported an adjusted quarterly loss of 15 cents per share.
1 Wall Street analysts have upgraded Rivian stock, with possible catalysts ahead. Is it a buy?
Rivian stock is near all-time lows, and catalysts may be on the horizon.
Why did ASML Holding stock fall today?
Shares of the chip equipment maker fell after a disappointing financial report.
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