Futures are up as the market is gaining confidence due to a Tech rally and a rate hike pause by the Fed. All major indices are up over 1%.
Inflation is growing at the slowest since 2020 but still growing at a 4% annual basis. Making any attempt to save without investing is practically useless. Tech is driving the market with good earnings and AI prospects. I think it will raise the S&P overall, given that tech makes up most of the S&P.
Stocks to Watch
Cava (CAVA) is overhyped. The same people behind Zoes Kitchen are behind Cava. Not my cup of Tea.
Adobe (ADBE) gets 14 PT raises as the basket of "AI" stocks grows to include more and more familiar names. If you're not in it, you missed it at this point.
Caterpillar (CAT) was raised to $283 by Bank of America. As profits begin to take popular names down, defensive and industrials will gain popularity.
Carrier (CARR) was raised to $53 by Barclays. Summer is upon us and Carrier makes that happen in many places.
Palo Alto Network (PANW) late double PT raise. But the air is getting kinda thin. Profit-taking is inbound.
Happy Investing!
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