Mar 7th Stock Market Update - Jerome Powell says "inflation not far from where it needs to be"

$ASML $QCOM

Author

Mukund Mohan
March 07, 2024

Market

“Fed chairman, Jerome Powell said “I think we are in the right place for inflation”. He signaled rate cuts might be coming soon ”  🤯💣️ 

Market breadth improved today and all 3 major indices were strong

All the mega cap stocks in technology rose on the news as did large and mid cap as well. Nvidia gained after Amazon executive said “they have no competition”.

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Within technology, Semiconductors are still strong as SaaS growth rates have reduced

Insights from the portfolio

$PLTR Palantir Technologies Inc Deep Dive and 2024 Outlook

Is the return to over 20% growth the recipe for the stock to move up?

stocksmarts.substack.com/p/pltr-palantir-technologies-inc-deep

Video of the day

Today’s video is on Samsara an IOT (Internet of Things) subscription company. I released this video at 10 am and mentioned the company should head much higher. After hours, the stock moved to $40 (+15%) on terrific guidance.

Deep dive of the day

IonQ Inc $IONQ Deep Dive – Investment Literacy Coach

Quantum Computing is still a ways away, but is IONQ ready?

blog.mukundmohan.online/index.php/2024/03/07/ionq-inc-ionq-deep-dive

Good setups for swing

$QCOM Qualcomm has a beautiful pattern for PEG and should get to $192

$ASML will get to $1100 on strength of Broadcom news and momentum from earnings