Here Are Thursday’s Top Wall Street Analyst Research Calls: Commercial Metals, Doximity, Draftkings, Hut 8, Illumina, Lowe’s, TeraWulf, Starbucks, Whirlpool, Wix.com, and More Quick Read: – More bad inflation news came in on Wednesday, with the Producer Price Index jumping 1.4%…
April. – Producer prices also rose on a year-on-year basis, jumping by 6%, the highest since 2022. – Many Wall Street economists are now saying that interest rate cuts may not come until the summer or even fall of 2027. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Academy Sports & Outdoors wasn’t one of them. Get them here FREE
Pre-Market Stock Futures: Futures are trading higher on Thursday after another wild day on Wall Street, during which the major indices moved in different directions. Another round of disturbing inflation data hit the tape as the Producer Price Index for April came in at 1.4%, the largest move higher in four years, while Producer prices rose by a stunning 6% year-on-year, the largest increase since December of 2022. Analysts cited the soaring cost of goods and services, with much of the increase driven by higher energy prices.
When the smoke cleared on Wednesday, the Nasdaq roared higher by 1.32% to close the day at 26,440, up 1.35%, while the S&P 500 hit yet another all-time high and finished the session up 0.73% at 7,455. The small-cap heavy Russell 2000 eked out a gain, closing up 0.16% at 2,846. The Dow Jones Industrial Average was the only index to finish the day lower, closing down 0.11% at 49,707.