Shares stand as key inflation wisdom seen by Fed to help keep cool

are living4 update

• Fri, Jun 28, 2024 6:32 am MST

  Table of Contents

  Toggle

  Stocks stand up as Fed’s favorite inflation metric presents additional cooling

  U.S. stocks rose on Friday as an unedited study from the Fed’s favorite inflation gauge showed inflation continued to ease, raising the prospect of rate cuts in coming months.

  The S&P 500 (^GSPC) complex moved more or less 0.1% closer to the benchmark, a step closer to its file top. Tech-heavy Nasdaq Composite (^IXIC) rose 0.3%, Dow Jones Business Reasonable in the future (^DJI about 0.1%)

• Fri, Jun 28, 2024 at 5:47 am MST

  Prices of the Fed’s most popular inflation gauge offerings rose at their slowest pace since March 2021

  The unedited study, the Fed’s favorite inflation gauge, shows inflation eased in May as prices rose at the slowest pace since March 2021.

  The core personal consumption expenditure (PCE) index, which strips out food and effort costs and is carefully watched by the Fed, rose 0.1% in May, in line with Wall Boulevard’s expectations and compared to a previous generation. A 0.3% increase in April is evident.

  Core PCE was 2.6% higher in May than the previous event, in line with estimates and unchanged from the apparent annual increase in the last two months. The May study marked the slowest annual increase in more than three years.

• Fri, Jun 28, 2024 2:45am MST

  Trump media on the frontline

  As President Joe Biden’s shaky debate performance approaches, shares of Trump Media & Generation (DJT) are on the rise.

  At the time of writing, the stock is up 7.5% in pre-market buying and selling.

  Be mindful of what other people are buying and selling here.

  Here is the company’s unedited 10-Q list, which shows that as a “company”, it is doing one thing and shedding a lot of money doing it.

• Fri, Jun 28, 2024 2:18 am MST

  Nike shares are rising

  It’s just as sinful to watch the same (form of…) as the night’s serious debate Nike (NKE) remains in the pre-market, up an unhealthy 14% at the time of this writing.

  The company’s guidance was indeed disappointing, and concerns remain about its management’s execution with respect to product innovation. Not getting better guidance from Nike in the Olympic event is an alarm bell.

  I preferred Stifel analyst Jim Duffy’s tug on the quarter:

  “FY25 guide (5th downward consensus revision in 6 quarters), pushes growth prospects to 2025 (likely FY4Q or spring 2025 at the earliest), underscoring the success of yet-to-be-proven styles from investors The discretionary background in 2HCY24 is expected to be severely challenged until momentum builds again in 2HCY25 and changes to the C-tier regime are likely. Uncertainty adds. An investor day in November will likely outline a multi-year economic model with lower returns than precedent. Adding risk to the premium received, we see secular growth tailwinds and structural margin potential in the category. “Profits appreciate, but at current valuations, may not support an attractive upside position until the growth turnaround becomes more solid.”

  Duffy kept his score low on Nike this morning.