Michael Murphy

The recent catch-up rallies in German stocks, financial sector stocks, China technology, and even the ARK Innovation ETF (ARKK) mean we are in a “broadening bull.” Meanwhile, Nvidia Corp. (NVDA) reports January quarter results after the close Wednesday, and again, the whole short-term direction of the stock market depends on the results, highlights Michael Murphy, editor of New World Investor.

The S&P 500 recently shed some ground. But it rose 24% in 2023, and so far in 2024, it is up around 26%. Meanwhile, PayPal Holdings Inc. (PYPL) hit a 52-week high last Monday after it was upgraded by BofA from Neutral to Buy with a $103 target price, observes Michael Murphy, editor of New World Investor.

In the near term, I expect inflation to continue to slowly fall – in large part because I still think a brief, shallow recession is coming. But two years from now, I think inflation will be higher as Trump tries to undo many of the policies that he believes weakened the country even as they dampened inflation. I like Palantir Technologies Inc. (PLTR) here, notes Michael Murphy, editor of New World Investor.

Stocks jumped after Trump’s election, with the S&P 500 and Nasdaq Composite hitting record levels. Investors expect lower taxes and deregulation, but higher inflation and interest rates. Meanwhile, I want to talk about Corning Inc. (GLW) and a recent European regulatory issue, writes Michael Murphy, editor of New World Investor.