Here Are Wednesday’s Top Wall Street Analyst Research Calls: Agilent, Dollar General, FedEx, GE Aerospace, Hershey, Intuit, SanDisk, Workday, Zscaler, and More Quick Read: – Technology stocks are pushing the stock market higher as momentum traders pile into shares of top…
mpanies. – With June right around the corner and first-quarter earnings season over, inflation and the Iran War will likely drive stocks to end the second quarter. – With all major indices trading at or near record highs, expect some additional volatility going forward. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Agilent Technologies wasn’t one of them. Get them here FREE
Pre-Market Stock Futures: Futures are trading higher as we hit the mid-week point, as the technology-led rally continues to spiral higher. While the major indices finished the day mixed, the technology-heavy Nasdaq led the way once again, closing at a new record high of 26,656, up 1.19%, while the S&P 500 also set a new record, closing up 0.61% at 7,519. The small-cap heavy Russell 2000 was the big percentage winner on Wednesday, finishing the session up 1.79% at 2,920.
The only loser on the day was the venerable Dow Jones Industrial Average, which closed lower by 0.23% at 50,461. Led by Micron Technology (NASDAQ: MU), the technology rally has been nothing short of spectacular, but investors should be cautious; chasing it at current levels could turn into a disaster should a massive sell-off occur. Treasury Bonds: Yields across the Treasury curve continue to plummet as buyers once again pounced on the belly and long end of the curve.