The S&P 500 and Nasdaq sold off sharply Wednesday, breaching key support levels. Palantir, Reddit and Tesla are near buy points.
Source: https://www.investors.com/market-trend/the-big-picture/sp500…
Microsoft has reached lows not seen in some time. Alphabet has given back some of its gains.
Companies that were expecting cheaper capital to fund their AI investing efforts might now have to operate with greater efficiency. Higher-for-longer interest rates could pressure market sentiment, which can hurt valuations of AI stocks in different ways.
With Conagra Brands, investors can collect a 7.6% dividend, as the company pursues multiple strategies to unlock shareholder value. Macy’s is up more than 40% over the past year, but is still trading at a bargain basement valuation.
