economy
A beat-and-raise is key for Qnity
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Markets are reaching new record highs, with tech stocks surging.
- Consumer-related stocks, including travel, retail, and apparel, are experiencing declines.
- Rising energy prices are causing investor anxiety and are expected to drive up the Consumer Price Index.
- The White House is considering measures to improve affordability, such as suspending the gasoline tax and reducing tariffs on beef.
- A list of CEOs accompanying President Trump to China has been released, with Boeing being a key company to watch for potential aircraft orders.
- Companies like Hims & Hers Health, AST SpaceMobile, Qnity Electronics, ON Holding, Venture Global, and Under Armor are scheduled to report earnings.
- Qnity Electronics is highlighted for its role in the AI chip buildout, with its performance dependent on a beat-and-raise report.
- Economists expect a significant month-over-month increase in the April CPI report due to higher energy costs.