Morning Movers Gapping up $Alphabet-A(GOOGL.US)$stock increased by 12% following the company's report of first-quarter revenue that exceeded expectations, coupled with the announcement of its first-ever dividend. $Microsoft(MSFT.US)$stock went up by 4.3% as the company's strong performance, especially in AI product demand, led to better-than-expected first-quarter earnings. $Snap Inc(SNAP.US)$stock surged 25% after the s...
RECAP April rain better mean the stock market stops the pain by May: the market declined Tuesday, punctuated by the fall of fan favorite Tesla. The EV maker made less EV's than last year and dropped nearly 5%. Stocks closed lower, the$S&P 500 Index(.SPX.US)$was recently down about 0.72%.$NASDAQ 100 Index(.NDX.US)$fell about 0.94%.$Dow Jones Industrial Average(.DJI.US)$fell 1%. MACRO Job openings recorded by JOLTS were just shy of expectations...
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binjh :
Well, they do say sell in May and go away.
KL6808 :
Bear trap, value trap or whatsoever, I belong to the old school where only death and taxes are certain. If history always repeat itself, then no one will lose a dime. Ask yourself what you are, intraday, medium, long term trader, what are your core holdings and what are your tactical, speculative bets? It's always good to take some money off the table if the underlying hit their ATH. If you ain't so lucky as some are approaching their ATL, then should you cut some losses? Meanwhile, some guru, big fund managers are talking about three rate cuts this year, but don't bet on it that they will come soon. Even if they do, or if the cuts are more than 25bp, then you better be worried that FED might have seen something coming, eg a worst off recession and a potential harder landing than the markets expect.
Centene's strong cash conversion and one-off unusual items indicate its earnings potential may be better than it appears. Analysts predict higher profit for Centene next year, barring any unusual expenses.
Despite a tough year, Centene Corporation's long-term shareholders gained 3% annually over five years. If data indicates sustainable growth, the current sell-off could be a worthy opportunity.
RECAP Investors Weigh Risks US stocks once again closed little changed Friday as investors weighed positive inflation signs from the latest producer price index against the warnings gleaned from banks and other companies which were among the first to report fourth-quarter earnings. The$S&P 500 Index(.SPX.US)$closed less than 0.1% higher, while the$Nasdaq Composite Index(.IXIC.US)$ended almost flat for the ...