CheckMan Stock Market Overview

The article evaluates the iShares iBoxx Investment Grade Corporate Bond ETF as an investment option at its current market price. I correctly predicted a good buy opportunity for bonds in late 2023, but believe the opportunity for IG-rated corporate bonds in 2024 is limited. IG-rated corporates have narrow spreads and remain challenged by inflation and Fed inaction.

Universal Health's (UHS) Q1 results are expected to be aided by growing patient volumes and surgical cases, partly offset by increased expenses.

Trinity Capital is a fairly new BDC with an attractive yield and solid fundamentals to go along with it. The company has shown strong growth, beating analyst estimates and delivering record net investment income in their latest quarter. Trinity Capital is defensively positioned with a focus on first-lien, senior secured loans and an investment-grade balance sheet and well-laddered debt.

The decline in Magnificent Seven stocks has erased a collective $934 billion from their market capitalizations so far this week, which would make for the group's worst-ever weekly loss of market value if it holds through the close.

Tesla is laying off 10% of its staff and that doesn't bode well for EV demand. Higher rates that have hurt auto demand and renewable stocks continue to push higher.

(Kitco News) - Chaos in the Middle East continues to generate a geopolitical safe-haven bid in the gold market, but there are signs that the precious metal's bull run is losing momentum.

Microsoft (MSFT) is set to report earnings for the third quarter of the 2024 fiscal year Thursday after the bell, when investors will likely be watching for its cloud segment growth and any artificial intelligence (AI) updates from Microsoft's OpenAI partner.

Plenty of companies are clearly taking the cost-cutting approach to their business models in search for efficiencies and margin improvement. Lululemon (NASDAQ: LULU ) appears to be one such company, with news of Lululemon layoffs sending shares of LULU stock higher on the day.

American Express' (AXP) first-quarter results benefit from improved card member spending and net interest income. It expects earnings per share in the range of $12.67-$13.15 in 2024.

Steel stocks have been in focus this week as President Joe Biden has shifted focus to the industry. On April 17, the White House announced plans to enact further tariffs on Chinese-imported steel.