Market News

Stocks may consolidate after a strong month and a strong week.

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Don’t look at GDP growth in the rear view mirror. Multiple economists significantly raised their December quarter forecasts last week.

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Despite hiccups on sales and investment, Apple's stock is hitting all time highs, driven by aggressive and unusual call option trading

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The price of gold may consolidate during the Federal Reserve’s blackout period as it trades within the opening range for January.

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The benchmark index is down more than 10% from its record highs earlier this month.

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Unpacking the several reasons why investors should bet on Alcoa stock's recent rally to continue.

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The Fed has finally reversed course from transitory and now squarely targeting inflation. As they get set to break the economy, it is time to move into short end Treasuries for safety, a little bit of yield and some rolldown.

The message is clear to anyone filling their tank, or grocery shopping. Transitory is out, persistent inflation is in. The Fed is panicking, and investors who bet on the central bank propping up the bond market are trapped. The big elephant herd is running to get out of the keyhole.

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Airbnb stock (NASDAQ: ABNB) has rallied by almost 25% over the last month, compared to the Nasdaq-100, which gained about 9% over the same period.

The daily and weekly price is ranging around Ichimoku cloud within 161/179 support/resistance level waiting for the direction of the strong trend to be started.

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JPMorgan (NYSE: JPM) is scheduled to report its fiscal Q1 2022 results on Wednesday, April 13, 2022. We expect JPMorgan to post strong results, with revenues being in line (just ahead) and earnings beating the expectations.

Daily price is located below Ichimoku cloud in the bearish area of the chart. The price is trying to cross 127.27 support level to below for the bearish trend to be continuing. Alternatively, if the price breaks 137.41 resistance level to above so the primary daily bullish reversal will be started with 143.93 possible taget to re-enter.

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We believe that Gap Inc. stock, a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children, is a good buying opportunity at the present time. GPS stock trades near $13 currently and it is, in fact, down 28% from its pre-Covid high of around $19

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