Equity Volatility Rising

Equity volatility rose to the highest levels since April as the seismic rotation out of U.S. mega-cap stocks continued for a second straight week….

2Q 2024 Recap & 3Q 2024 Outlook

The topic of interest rate cuts continues to dominate the financial markets. Investors are focused on when the Federal Reserve will lower rates, all while keeping a close eye on corporate earnings and valuations. Economists are analyzing inflation and labor market data to determine their impact on the probability and timing of rate cuts. Speeches by Fed members and minutes of recent Fed meetings have received greater scrutiny as investors search for clues about the central bank’s next steps. This letter recaps the second quarter, discusses investors’ focus on the Federal Reserve, and looks ahead to the remainder of 2024. READ MORE

Equity Market Tendency for July

Investment-grade corporate bonds remain attractive given their lower risk and relatively high yields. Long-term investors who can handle volatility might consider high-yield bonds and preferred securities, but we wouldn’t suggest large positions in either.

2024 Mid-Year Outlook: Corporate Bonds

Investment-grade corporate bonds remain attractive given their lower risk and relatively high yields. Long-term investors who can handle volatility might consider high-yield bonds and preferred securities, but we wouldn’t suggest large positions in either.

ADBE price target lowered

TD Cowen’s J. Derrick Wood lowered their price target on Adobe (NASDAQ: ADBE) by 2.3% from $640 to $625 on 2024/06/10. The analyst maintained their Strong Buy rating on the stock.

Global Markets Trade Higher After April Sell-Off

The S&P 500 set a new all-time high in May after trading lower in April. The technology-heavy Nasdaq 100 Index gained +6.2% and set a new all-time high, with mega-cap stocks like Nvidia, Apple, Microsoft, and Facebook-parent Meta leading the recovery…READ MORE

Bull case down but not out

Target reported its Q1 2024 earnings on 2024/05/22.
Cutting their price target in response, Trussell argued that “the bull case on Target is down but not out.”

VTSI upgraded to strong buy

Lake Street’s Jaeson Schmidt raised their price target on Virtra (NASDAQ: VTSI) by 23.1% from $13 to $16 on 2024/05/15. The analyst maintained their Strong Buy rating on the stock. READ MORE

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