Daily Advantage Newsletter

Commentary Investors have all eyes on the April jobs report this morning. Wall Street is expecting a gain of around +240,000 jobs versus +303,000 in March with the unemployment rate holding steady at 3.8%. Investors will also be closely watching average hourly earnings with most expecting a slight decline to an annual rate of +4.0% from +4.1%...

Commentary Wall Street is buckled in for another deluge of economic data and corporate earnings today. Investors yesterday had mixed reactions to the Federal Reserve’s latest policy update and Fed Chair Jerome Powell’s follow-up comments. As expected, the Fed left its benchmark interest rate "unchanged" at current levels. Bears are pointing to an...

 Commentary Stock indexes close out the first losing month of 2024. Wall Street is extremely nervous ahead of the Federal Reserve’s monetary policy update today, which is due out at 1 p.m. CST. The Fed is expected to leave its benchmark interest rate "unchanged" at the current target range of 5.25%-5.5%. Some on Wall Street expect the Fed may...

Commentary Stock bulls seem to remain in control as optimism about Q1 2024 earnings continues to outweigh sliding hopes for Federal Reserve interest rate cuts. Amazon is one of today’s top earnings highlights with investors anxious to see how its "AI investments" are paying off. Expectations are high that this will be reflected in strong cloud...

Commentary Stock indexes are coming off a winning week fueled in part by impressive earnings and strong forward guidance from big tech companies. Earnings will again be in focus this week but will also be competing with the Federal Reserve, which will release its latest policy decision on rates Wednesday afternoon. Wall Street expects the Fed to...

 Commentary Stock bulls are hoping stellar earnings results from both Microsoft and Google-parent Alphabet can get the rally back on track today. The results, released after the market close, sent stock shares of both companies higher in after hours trading. Notably, both firms reported growth in their cloud divisions that they each attributed to...

Commentary Wall Street is braced for what could be a volatile trading day after Facebook-parent Meta delivered a disappointing outlook for Q2 2024 and significantly raised its expected capital expenditures. Meta reported after the market close yesterday and its stock took a sharp nosedive on the after hours market despite posting...