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On January 26th, JPMorgan Chase stated that better-than-expected iPhone demand and lower operating expenses could drive Apples (AAPL.O) earnings to exceed market expectations. The bank reiterated its "overweight" rating on the tech giant and raised its price target from $305 to $315. Apple will release its first-quarter fiscal 2026 earnings report on Thursday. "We believe that positive data signals related to strong demand for the iPhone 17 series were masked by investor concerns about the impact of unprecedented memory cost increases on gross margins, potential price elasticity issues in iPhone demand, and mildly weaker-than-expected growth data for some App Store services during the quarter," Chatterjee said. He believes that strong iPhone 17 demand combined with lower operating expenses will enable Apple to achieve both revenue and profit exceeding expectations in the first quarter.January 26 - Counterpoint Research stated in its latest report today that the AI ASIC camp, which consists of non-GPU server AI chips, will experience rapid growth in the near future. By 2027, the number of shipments will be three times that of 2024, and by 2028, it is expected to surpass GPUs with a scale of more than 15 million units.US rare earth (USAR.O) shares fell briefly in pre-market trading, with gains now narrowing to 21%.On January 26, U.S. Rare Earth Corporation announced that it had signed a non-binding letter of intent with the U.S. Department of Commerce and established a partnership with the U.S. Department of Energy. The Department of Commerce plans to provide approximately $1.6 billion in intended support through the Chip Act, including $277 million in proposed federal funding and $1.3 billion in proposed priority-guaranteed loans under the Chip Act. Simultaneously, the company completed a $1.5 billion private equity investment plan, led by Inflection Point and with participation from major mutual fund companies. This letter of intent with the U.S. government underscores the strategic value of U.S. Rare Earth Corporations complete industry chain platform, from mining to magnets, and its crucial role in bridging the supply gap of rare earth elements and critical minerals in national security infrastructure industries such as U.S. semiconductors, critical technologies, and advanced manufacturing. The letter of intent is subject to further review, final signing, standard closing conditions, and relevant approval procedures.Hekla Minerals (HL.N): Total capital investment is projected to be between $255 million and $279 million by 2026.

S&P 500 Price Forecast – Stock Markets Continue to Struggle

Alice Wang

Jul 15, 2022 15:54

Technical Analysis of the S&P 500

Due to the ongoing pessimism, the S&P 500 has decreased somewhat during Thursday's trading session. At this time, it seems as if the market is prepared to go further, maybe attempting to approach the most recent lows at the 3637 level. In the end, this market should continue to see a lot of agitated behavior. I believe that fading rallies will remain a significant problem. The 50 Day EMA is now hanging in the general vicinity of the 3950 level, which serves as the ceiling at this time.


Ultimately, your indication to become engaged will be when you start to feel exhausted after brief rallies. Given the lack of global growth and the fact that inflation is still a problem, I do believe the downward trend will continue. Additionally, the Federal Reserve is rapidly tightening monetary policy, and as a result, a 100 basis point interest rate rise is being predicted. Due to the fact that the S&P 500 contains so many significant exporters, it is extremely probable that we will continue to see significant problems with the global economy.


In the end, a running season is approaching, so there could be some "hopium" waiting to happen, but after hearing J.P. Morgan declare, "We have never seen an economic scenario like this," during its results presentation, I don't think this earnings season will be cause for celebration. After a rally, I will suppress any indications of tiredness.

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