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- 🐂 Rare Bullish Signal Just Flashed — Is The S&P 500 On The Verge Of A Major Rally?
🐂 Rare Bullish Signal Just Flashed — Is The S&P 500 On The Verge Of A Major Rally?
Plus, this week's under the radar pick, and more
Happy Wednesday! A rare and bullish market signal just lit up on Wall Street, one that’s historically foreshadowed major gains for the S&P 500. Read on to discover what this signal means and why it could be a game-changer for the market. Also, discover this week’s Under The Radar pick!
— Justin Giles
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MARKET RECAP
Yesterday: Stocks finished higher Tuesday, with the Dow Jones Industrial Average climbing 300 points and the S&P 500 rising 32 points, as both indexes logged a sixth straight day of gains — the longest streak since July for the Dow and November for the S&P 500. Markets rallied on signs of easing trade tensions after the White House indicated a major trade deal may be near, and the U.S. announced tariff relief for automakers, including exemptions on steel, aluminum and select auto parts. Bond yields fell, with the 10-year Treasury yield down to 4.17% and the 2-year at 3.66%. Economic data showed job openings slipped to 7.2 million and consumer confidence dropped to 86, both missing expectations.
On Our Radar: Markets will be watching consumer spending, pending home sales and PCE inflation readings for signals on inflation and household demand ahead of the Fed’s next policy decision. The wave of corporate earnings continues, with one-third of S&P 500 companies scheduled to report results this week. Meta, Microsoft and eBay will headline a slate of high-profile companies that will report results after the market closes today.
TOP STORY
A rare and bullish market signal just flashed on Wall Street, and history suggests it could set the stage for big gains ahead. But with so much uncertainty still in the air, will this bullish signal lead to another rally or a setback?
Dive into the details and discover what this means for your portfolio.
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FIVE ZINGERS
May Myth: Is "Sell In May And Go Away" real, or just noise? Discover why this seasonal pattern is not a one-size-fits-all, and what it could mean for your next move.
Hims & Wins: Hims & Hers stock soared more than 20% after announcing a major partnership with Novo Nordisk to offer weight-loss drug Wegovy directly through its platform. Click here to see why this telehealth play is turning heads on Wall Street.
Snap, Crackle, Drop: Despite topping analyst estimates, shares of Snap plummeted 13% after hours as investors wrestled with future uncertainty. Discover why Wall Street isn't feeling the Snap.
Super Slide: Shares of Super Micro Computer fell more than 15% after reporting disappointing preliminary Q3 results. Read on to see what’s behind the sell-off and if this dip is a buying opportunity.
Apple Earnings: Benzinga readers predicted Tesla’s recent earnings miss — now they're weighing in on Apple. Click here to see what the crowd thinks and what analysts expect for this key earnings report.
SPECIAL OFFER
Editor’s Note: Every Tuesday, Benzinga Edge members receive the Under the Radar pick, detailing a very profitable stock or market trend that no one else is talking about. Here’s a sneak peek:
Activist investors, those now-gentlemanly investors that were known in days of old as corporate raiders and takeover artists, love messy. Messy creates distortion and distortion creates opportunity.
Activists have been embracing the mess so far in 2025.
The Shareholders Advisory Group at Barclays just released its first quarter look at activism and it’s pretty clear that activists like what they see. Despite economic storm clouds gathering on the horizon and unpredictable market volatility, the activists aren’t just staying in the game. They are doubling down.
Barclays’ data shows that global campaign activity has roared ahead with 70 campaigns in Q1, jumping 17% year-over-year. More tellingly, that’s running 25% above the four-year quarterly average.
Particularly noteworthy for value-oriented investors: companies under $5 billion market cap are being targeted at an accelerated rate, representing 66% of campaigns in Q1. This tells me that activists are finding more inefficiencies and potential value in the small and mid-cap space. Of course this is exactly where traditional value investors should be looking anyway.
There’s some interesting moves at the moment from ValueAct Holdings out of San Francisco, and Barington Capital Group from New York City. Both have strong track records of wins and winning board seats at target companies.
Get all the details from yesterday’s Benzinga Edge-exclusive Under the Radar report. Click here to access it now.
SPECIAL OFFER
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