The S&P 500 marked its eighth consecutive weekly gain, driven by broad sector participation including healthcare, consumer cyclicals, and technology. This rally is notable given rising oil prices near $97 and stable 10-year Treasury yields around 5%, indicating strong market breadth and resilience. Key tech stocks like Dell, HP, and Qualcomm surged on robust AI hardware sales and optimistic guidance, while cautious outlooks from Take-Two tempered some enthusiasm. Investors will watch upcoming economic data, Treasury yields, and corporate earnings to gauge if the rally can continue into June.
Dell Technologies is considered a buy due to its underestimated operational strengths and expected earnings growth, even with its stock trading at an all-time high. The company has a $43 billion AI backlog and a business model that supports strong ca...
Micron Technology's stock surged 20% following UBS analyst Timothy Arcuri's price target increase from $535 to $1,625, driven by strong earnings and long-term supply deals with hyperscalers. The rally also coincided with President Trump's praise and ...
Shares of Advanced Micro Devices (AMD) rose 5% following UBS's massive price target increase for Micron Technology, which lifted the entire semiconductor sector. UBS raised Micron's target from $535 to $1,625, citing strong AI-driven memory demand an...
The Dow Jones reached a record high of 50,579.70 while the S&P 500 logged its eighth consecutive weekly gain despite consumer sentiment hitting a record low. Brent crude oil remains above $103 per barrel due to supply risks around the Strait of Hormu...
This week, investors focus on key inflation data with Thursday's core PCE price index report, the Fed's preferred inflation gauge, expected at 3.3%, influencing rate decisions under new Fed Chair Kevin Warsh. A series of Federal Reserve speeches will...
