Markets in a Minute - ROAI (Return on AI)

Insights | Markets in a Minute - ROAI (Return on AI)

Author: Zac Martin, Investment Associate

Week Ending April 26th – ROAI (Return on AI)

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  • Advanced Q1 2024 GDP came in below analyst expectations, posting an increase of 1.6% (v. 2.2% expected). GDP was led by an increase in healthcare cost and insurance costs, indicating higher inflation.
  • Core Personal Consumption Expenditures for March reported an increase 0.1% higher than expectations, bringing the change to 2.8%.
  • Earnings Recap: Meta announced increased expenses around investments towards artificial intelligence. Tesla announced fast tracking a new product line. Microsoft & Google continue to see cloud revenues grow 23% & 28%, respectively. Consumer Staples maintain pricing power (Pepsi & Chipotle). Industrials see shrinking demand for transportation (Old Dominion Freight Line) however, UPS management is expecting to see volume growth return this year.

The week ahead:

  • FOMC Meeting (5/1) @ 2pm
  • Non-Farm Payrolls & Unemployment (5/3)
  • Earnings: ON, PARA, NXPI (4/29), AEP, PYPL, APD, LLY, KO, MCD, AMD, AMZN (4/30), YUM, MAR, KHC, QCOM, CHRW (5/1), AAPL (5/2).

HORAN Capital Advisors, LLC is an SEC registered investment advisor. The information herein has been obtained from sources believed to be reliable but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results. Market conditions can vary widely over time and there is always the potential of losing money when investing in securities. HCA and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only and is not intended to provide and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

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