📈 C3.AI Falls Off The Bandwagon

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According to the President of the Fed, it looks like the U.S. central bank might not be in a rush to raise interest rates too much in the near future, even though he expects economic growth to slow a little more.

C3.ai couldn’t seem to keep up with the AI craze and fell short of Wall Street predictions with a staggering 15% plunge in stock price. Ouch! And then we have Salesforce, who initially surprised us with better-than-expected earnings, but wait for it... they also got smacked with a 15% hit after their earnings report. Talk about a double whammy.

Grab your venti, half-caff, caramel swirl, pumpkin spice frappuccino with extra whipped cream and sprinkles, and let's get into it! ☕👇

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Markets

Fed 'close' to where it can hold rates steady, Harker says (4 minute read)
Philly’s Federal Reserve President Patrick Harker just gave us the lowdown on the current state of the economy, and let me tell you, it's a mixed bag. On the bright side, high inflation is slowly but surely coming down, although Harker did admit it's happening at a disappointingly slow pace.

But fear not! He thinks the U.S. central bank might not have to raise interest rates by much to speed things up. On the not-so-bright side, Harker expects the economy to grow less than 1% this year, which is a bit of a bummer. The unemployment rate, currently at 3.4%, might creep up to around 4.4%. Yikes!

At least there's a silver lining: Harker predicts inflation to fall to 3.5% this year, 2.5% next year, and finally reach the Fed's goal of 2% by the year 2025.

Investing

C3.ai stock plummets (2 minute read)
Let's talk about C3.ai (AI) and their latest report card. They definitely made a splash by beating expectations in the fourth quarter - but their forecast for the future didn't exactly bring down the house as it fell short of Wall Street’s predictions. They're expecting something between $295 million and $320 million, while the analysts were hoping for something a little bit juicier. Remember Nvidia and Marvell Technology raised their forecasts recently? Well, C3.ai isn’t having the same luck. Their stock took a hit of over 15% in early trading on Thursday.

What to Make of Salesforce's (CRM) Earnings (5 minute read)
Salesforce (CRM) actually did better than expected in their first quarter, which is usually reason enough for celebration, but surprise surprise, their shares took a dive in premarket trading. Even with all those beats and good news, it seems like the market wasn't impressed and gave Salesforce a good ol' slam after their earnings report - they opened this morning about 15% below where they closed yesterday.

These 2 Stocks Are Set to Soar Tomorrow (6 minute read)
Lululemon Athletica (LULU) and MongoDB (MDB) crushed it with their latest financial results and sent their shares soaring. The folks at The Motley Fool have got you covered to understand all the excitement and whether this rollercoaster ride for their stocks will keep on going. Lululemon Athletica deserves a round of applause for defying the odds and delivering strong numbers, even when other consumer stocks were slacking. And hold on tight because MongoDB dropped the magic words: AI! They see it as a key driver for their future growth.

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