Michael Murphy

We see real confusion among businesses that has suddenly made them very pessimistic about their future. Consumers and investors, too. Should you be buying? Here’s my take, notes Michael Murphy, editor of New World Investor.

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.