Stocks @ Night is a daily newsletter that provides insights into market movements after hours. On the day of reporting, the S&P 500 recorded its second consecutive winning day, bolstered by tech stocks, particularly Nvidia, which is on a significant upward trend having increased 204% over the past year. Jim Cramer discussed the current “Selective Bear Market,” noting that while semiconductors and software stocks thrive, sectors like healthcare, materials, and energy are facing declines. Cramer cautioned against relying on dividend stocks as bond yields rise, impacting companies across various industries.
SiriusXM’s stock is down 58% year-over-year despite a slight uptick recently. Meanwhile, Cal-Maine Foods is set to report earnings amid escalating egg prices due to bird flu concerns. In livestock, live cattle futures peaked recently due to adverse weather.
In international markets, ETFs linked to Canada, South Korea, Mexico, and the Eurozone are showing mixed results. Concerns about a potential shipping strike loom as secret meetings between unions and port owners occur. The Baltic Dry Index indicates increased shipping costs, while several shipping companies are witnessing recent gains despite long-term declines.
