Data from Bank of America's equity strategy team published Monday showed that with about 45% of the companies in the S&P 500 having reported results, companies that miss expectations are being punished less than usual.
This support is also not indicative of an investing public that is taking pity on companies that can't keep up in an environment where. Companies that beat expectations are seeing their shares outperform the S&P 500 by 2.4% the next day, well above the 1.5% relative outperformance these stocks usually enjoy.
Uptime’s 14th Annual Global Data Center Survey Results Show Expanding Industry Planning for Major Technological, Economic and Operational ChangesMeta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns.
The FOMC is set for their 2-day meeting on Tuesday, with most on Wall Street believing that it will not result in an interest rate cut, pricing in the first one in September. But what should investors look out for to be sure? Liz Young Thomas SoFi head of investment strategy joins Market Domination to give insight into the Fed's potential decisions over interest rates and the data she is keeping an eye on.
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