Beat the street: Markets pause; Core PCE eyed; Moderna; Berkshire Hathaway
US stock investors hit the pause button after last week's NVIDIA-inspired rally. This week, we could see volatility prompted by GDP, Core PCE and earnings from the likes of eBay.
Moderna shares seen falling after HSBC downgraded the U.S. vaccine maker to "reduce" from "hold." Warren Buffett says Berkshire Hathaway 'built to last' though eye-popping gains are over.
(AI Video Summary)
Market discussion with Liz Dierking
In today's edition of "Beat the street," host Angeline Ong talks about what's happening in the stock market. She explains that the Dow Jones and the Tech 100 are on the rise and not yet in the "too expensive" zone, which is a good sign. Ong also talks about interesting stocks like electric vehicle companies and retailers that are about to release their earnings reports. She also brings in a guest named Liz Dierking, who gives her expert opinion and mentions eBay as a company to keep an eye on.
Important market data analyses
The video also covers important economic data that will be released soon, like the PCE and GDP figures. These figures could make the stock market more volatile, which means prices could change a lot. Ong points out that Federal Reserve officials will give speeches that can influence the market, and she mentions some positive news that has been pushing up prices in the S&P 500. She introduces an IG technical analyst named Axel Rudolph, who thinks there might be a slight slowdown in the market based on a lower reading of the relative strength index.
Company shares analysis
The video then zooms in on specific stocks. For example, Moderna shares are going down because they were downgraded by HSBC. On a brighter note, huge companies like NVIDIA, Microsoft, and Berkshire Hathaway B are doing great.
Overall, this video gives clear insights and analysis about what's going on in the stock market and what to expect in the near future. So, if you're new to trading, it's a great way to get an overview and learn about the upcoming events that could affect the market.
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