Market Struggles After Disappointing Consumer Sentiment Data
Last Friday, the University of Michigan’s consumer sentiment report disappointed many investors, leading to a decline in the stock markets.
The report recorded a reading of 64.7, which is a significant drop from 71.7 in January, marking a 10% decrease. In reaction, the stock market saw sharp declines, with the S&P 500 and Dow falling 1.7%, while the NASDAQ plunged 2.2%.
In our Sunday Market Buzz YouTube video, my colleague Jason Bodner and I delve into these figures and discuss the key economic reports for the upcoming week. We also preview several companies set to announce their earnings, including NVIDIA Corporation (NVDA), which will wrap up this earnings season. Additionally, we analyze the recent 19% drop in shares of Palantir Technologies, Inc. (PLTR) and consider Walmart, Inc.’s (WMT) cautious earnings outlook.
Furthermore, we touch on President Trump’s recent comments regarding Ukraine and their potential effects on peace negotiations with Russia, along with the implications of the German election for global economic forecasts.
Watch the full discussion by clicking the play button below!
https://www.youtube.com/watch?v=xu6idtOcn9c[/embed>
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To learn more about Jason and his Quantum Edge system, click here. Jason’s system has outperformed the S&P 500 by seven times over the past 30 years based on independent research. I am such an admirer of Jason’s expertise that I featured some of his insights in my new book, The Sacred Truths of Investing.
For ongoing analysis of the stock market and major news, join me at Growth Investor. I just released a Special Market Podcast that discusses today’s market decline, the German election results, and other important topics.
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Sincerely,
Louis Navellier
Editor, Market 360
P.S. My colleague Keith Kaplan has recently called for an urgent meeting at TradeSmith due to an ultra-rare market pattern not seen in 125 years. As CEO of TradeSmith, he emphasizes the importance of this moment because their algorithm just highlighted ten lesser-known tech stocks that may hold the key to significant wealth creation. On Thursday, February 27th, he will host a special briefing that you won’t want to miss. Click here to reserve your spot for Thursday’s event.
The Editor hereby discloses that as of the date of this email, he directly or indirectly owns the following securities mentioned in this commentary: NVIDIA Corporation (NVDA), Palantir Technologies, Inc. (PLTR), and Walmart, Inc. (WMT).
