DailyDividends @DailyDividends: "🔎🅓🅐🅘🅛🅨 🅤🅟🅓🅐🅣🅔🔍 @DailyDividends Portfolio 🟢 +0.91%. 🆚 $SPX500..."

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🔎🅓🅐🅘🅛🅨 🅤🅟🅓🅐🅣🅔🔍 @DailyDividends Portfolio 🟢 +0.91%. 🆚 $SPX500 🟢 +1.03% $NSDQ100 🟢 +2.03% $DJ30 🟢 +0.40% ✅ Best performer today $ZIM (ZIM Shipping Services Ltd) 🟢 +15.81% ❌ Worst performer today $VIRT (Virtu Financial Inc) 🔴 -1.89% A nice green day for the markets and a nice green day for our Portfolio! We had a great week and I will post more information tomorrow in the Weekly Summary. Enjoy the weekend everybody 🌴 Wall Street ended solidly higher today, after earnings from tech behemoths Microsoft (MSFT) and Alphabet (GOOG) (GOOGL) reignited the artificial intelligence (AI) craze. Moreover, traders bracing for another hotter-than-expected reading on inflation were calmed after the Federal Reserve's preferred price gauge largely matched estimates. Of the 11 S&P sectors, six ended in the green. Communication Services saw an outsized jump of nearly 5%, boosted by Microsoft (MSFT) and Alphabet (GOOG) (GOOGL). The two tech giants on Thursday delivered quarterly results that cemented their dominance in the AI race. Investors took heart from the reports, especially after soft guidance from Meta Platforms (META) and its heavy spending on AI had sent alarm bells ringing. The Google-parent's stock in particular clocked a double-digit rise on Friday after top boss Sundar Pichai touted that the company was "well under way with" its Gemini era, referring to its AI model. The other major event today was the release of personal income and outlays data for March. The report from the Bureau of Economic Analysis showed that the core personal consumption expenditures (PCE) price index - the Fed's favored inflation gauge - rose 0.3% M/M in March, matching the +0.3% consensus and flat from February's pace. On a Y/Y basis, the core PCE price index rose 2.8%, topping the +2.7% consensus but unchanged from February. With hotter-than-expected consumer price index reports recently along with Thursday's data that showed a higher-than-anticipated jump in the Q1 core PCE price index, market participants were bracing for the worst coming into today's announcement. The largely in-line result alleviated some concerns that interest rate cuts were almost entirely off the table for 2024. "After the freak-out induced by the Q1 numbers, the March print ended up in one of the 'less bad' places relative to what might've been. Most of the upside Q1 surprise came from the Jan revision. March was firmer than forecasts but not outrageously so," the Wall Street Journal's Fed watcher Nick Timiraos said on X. "That said, the March report doesn't change the overall picture of 1) inflation progress having stalled, undercutting the 'start-of-the-year bump in the road' story (and) 2) The Fed becoming less confident at a time it was hoping to *gain* confidence," Timiraos added. Treasury yields slipped on Friday in reaction to the PCE deflator reading, as traders snapped up bonds and ended a three-day sell-off. The longer-end 30-year (US30Y) and 10-year yields (US10Y) were both down 3 basis points each to 4.78% to 4.67%, respectively. The shorter-end more rate-sensitive 2-year yield (US2Y) was down marginally to 5.00%. “In case the lesson were needed, this last two weeks ought to serve as the most superb education as to why trying to project stock prices from fundamentals is primarily an exercise in folly and self-delusion. Tesla (TSLA) mooned on weak earnings; Netflix (NFLX) and Meta Platforms (META) bombed on solid numbers," Alex King said. "The key tool to understand where prices may head next is the understanding of where price just was. Each of the S&P 500, Nasdaq, Dow Jones 30 and Russell 2000 show good evidence of having completed a corrective move this time last week; the S&P and Nasdaq in particular are already over the high made on Tuesday this week, a key stepping stone for a bullish setup. We anticipate market strength into year end,” King added. 🎯PORTFOLIO HIGHLIGHTS: 🔥 ~8% Dividend Yield 🔥 low risk of Dividend cuts 🔥 perfectly diversified across all Industry Sectors 🔥 Dividends balanced throughout the year for almost daily Cashflow 🔥 exponential Dividend growth - over 12% in 2022 🔥 0.7 volatility score (Beta) and low Etoro Risk score Translate

6 Mentioned Show all

SPX500

NSDQ100

DJ30

ZIM

ZIM Shipping Services Ltd

VIRT

Virtu Financial Inc

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