On May 16, the Dow hit the 40,000 milestone after an excellent earnings report from Walmart (NYSE:WMT). Given the ongoing economic strength and technical momentum, adding some market exposure with cheap Dow stocks is warranted.Indeed, the macro and fundamental backdrop for stocks is very healthy. On the macro front, the April inflation report came in better than expected. Moreover, Federal Reserve Chairman Jerome Powell downplayed the possibility of a rate hike at a panel discussion in Amsterdam.On the grow ...

New York Stock Exchange Opens Friday Morning After Reaching 40K On Thursday (Photo by Michael M. ... [+] Santiago/Getty Images)Getty ImagesStock traders and investors had no problem with last week’s PPI and CPI report even if the PPI was a bit higher than expected. This is typical of a strong bull market as while the S&P futures were lower in an initial reaction to the PPI report, they moved higher for the rest of the day. This provided a bullish setup for Wednesday despite concerns over the CPI report.Sinc ...

Why A Powerful Trend Is Just Getting Started; Nvidia, CrowdStrike, GDX In Focus10:51 AM ETAs Nvidia earnings loom large next week, the stock market is on the verge of delivering a powerful signal. Mike... 10:51 AM ETAs Nvidia earnings loom large next week, the stock market... ...

The Dow Jones Industrial Average touched the milestone of 40,000 for the first time on strong corporate earnings and renewed bets for rate cuts. SPDR Dow Jones Industrial Average ETF (DIA) , which tracks the Dow Jones Index, has gained 6.4% so far this year. While most of the stocks in the ETF portfolio have been rising this year, we have highlighted five that have been leading the way higher. These are American Express Company (AXP) , Walmart Inc. (WMT) , Amazon.com Inc. (AMZN) , The Goldman Sachs Group In ...

The Dow is flirting with 40,000. The S&P 500 and Nasdaq are at or near record highs. But which SPECIFIC stocks hold the most promise given the buoyant backdrop? Three MoneyShow expert contributors weigh in with their best ideas in the utility, technology, and consumer cyclical sectors.Tom Hutchinson Cabot Income AdvisorIt’s been a good month in the market so far. The S&P 500 has regained all the dip from April and is now within a whisker of the all-time high. The driving forces have been an improving intere ...

U.S. stocks held steady near record highs on Friday as shares of GameStop tumbled, capping off a rollercoaster week for it and other meme stocks.  The Dow Jones Industrial Average was up 0.1% Friday morning, while the S&P 500 and the Nasdaq Composite were flat. GameStop (GME) shares sank Friday after the company filed to sell up to 45 million additional shares, possibly a bid to cash in on this week’s meme stock rally. At the same time, the firm reported preliminary first-quarter results, indicating net sa ...

U.S. stock futures were slightly higher in premarket trading on Thursday as markets continued to digest yesterday's consumer inflation report, which fed optimism that the Federal Reserve will cut interest rates later this year. The major stock indexes all closed at record highs yesterday after data showed core inflation was 3.6% in the 12 months ending in April, the slowest rate in three years. Retail sales data released yesterday also suggested that U.S. consumers are finally moderating their spending aft ...

The expansion will strengthen SAS' capability, while enabling Dow to provide an expanded portfolio of organic, hybrid and silicone sealants for insulating glass manufacturingMIDLAND, Mich., May 16, 2024 /PRNewswire/ -- Dow (NYSE: DOW) today announced a capacity expansion from its minority equity investment in SAS Chemicals GmbH, a German-based specialty chemical producer of sealants and components used in insulating glass manufacturing, to create a more holistic façade offering.For over five decades, silico ...

Field pilot projects under the Wyoming Gas Injection Initiative will extend the life of oilfields and recover more oil with fewer resourcesMIDLAND, Mich., May 16, 2024 /PRNewswire/ -- In a unique state-university-industry collaboration, Dow (NYSE: DOW), the State of Wyoming and the University of Wyoming have come together to launch The Wyoming Gas Injection Initiative (WGII), a program designed to enhance oil well productivity and recovery from existing fields and wells in Wyoming.WGII will provide field pi ...

New capacity will support and advance battery assembly solution growth in the e-mobility segmentMIDLAND, Mich., May 16, 2024 /PRNewswire/ -- Dow (NYSE: DOW) announced today the mechanical completion of its new VORATRON™ Polyurethanes Systems adhesive and gap filler production line at its Polyurethanes Systems House in Ahlen, Germany.Dow will increase capacity of its VORATRON™ Polyurethane Systems product family tenfold -ensuring it can meet increasing demand for these materials in battery assembly solutions ...