17 min listen
Stocks Recover After Sell-Off; Southern Copper, Sweetgreen, OWL In Focus
Stocks Recover After Sell-Off; Southern Copper, Sweetgreen, OWL In Focus
ratings:
Length:
19 minutes
Released:
Apr 25, 2024
Format:
Podcast episode
Description
The first estimate to Q1 GDP came in at 1.6%, well below the 2.3% consensus. Core inflation on a year-over-year basis also came in above expectations, raising fears of stagflation. Stocks moved off lows even as the 10-year Treasury yield rallied above 4.70% and hit a five-month high. It’s been an orderly pull back for Southern Copper so far; Sweetgreen is holding support at its 10-week line; Blue Owl Capital is still in a buy zone ahead of earnings next week.
Released:
Apr 25, 2024
Format:
Podcast episode
Titles in the series (100)
Indexes Bounce But Choppy Action; Royal Caribbean, Dynatrace, Aptiv In Focus: A strong start to the day didn’t hold and volume was lacking in winners. by Stock Market Today With IBD