Equity Volatility Rising
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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….
Equity Market Tendency for July
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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
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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
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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.
Bull case down but not out
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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.”
Strong conviction by Citigroup & B. Riley Analysts
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Citigroup’s Ronald Josey raised their price target on Wixcom (NASDAQ: WIX) by 15.4% from $175 to $202 on 2024/05/21. The analyst maintained their Strong Buy rating on the stock. READ MORE
VTSI upgraded to strong buy
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Lake Street’s Jaeson Schmidt raised their price target on Virtra (NASDAQ: VTSI) by 23.1% from $13 to $16 on 2024/05/15. The analyst maintained their Strong Buy rating on the stock. READ MORE
Commodities Outpacing Stocks
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This year, the Dow Jones Commodity Index, a measure of 28 different commodities prices, has risen 6.5%, outpacing the S&P 500. Investors and producers are locking in contracts to hedge against increasing costs amid geopolitical risks, environmental disruptions, and supply uncertainties….
Technology In Danger
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The US dollar continues to surge on inflation and rate cut fears…..with the currency bucking seasonal trends and now pressing into key supply, we are now at a pivotal point for next likely direction of the US equity markets and commodities.
Make Or Break For The US$
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The US dollar continues to surge on inflation and rate cut fears…..with the currency bucking seasonal trends and now pressing into key supply, we are now at a pivotal point for next likely direction of the US equity markets and commodities.