Good MorningEquity markets rallied on Friday but don't read too much into that news. The market rallied, but it failed to reclaim the 4,000 level after confirming resistance earlier in the week. This move is consistent with consolidation within a downtrend and is not unexpected with Q4 earnings season about to crash upon the market. The news so far is that Q4 was better than expected, but the outlook for the 1st half of 2023 is still in decline.
Next week will be a key week for the S&P 500, with economic data and earnings as possible catalysts. On the earnings front, reports from at least 2 dozen S&P 500 companies are on tap, while the economic calendar includes the 1st look at Q4 GDP, the Index of Leading Indicators and the PCE Price Index. Of the 3, the PCE Price Index is the most important, but the takeaway for the week will be what the outlook for 1st half earnings looks like relative to today. Featured: The Top 5 NASDAQ Stocks to Own for New Year 2023 (UpTrend Alerts) 
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Stocks | | | Shares were higher Monday in Europe and in Asia, where most markets were closed for the Lunar New Year holiday.
Germany's DAX edged 0.1% higher, to 15,058.49 while the CAC 40 in Paris also gained 0.1% to 7,002.30. Britain's FTSE 100 added 0.2% to 7,786.30. The future for the S&P ... Read the Full Story >> |
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From Our PartnersThere's a tiny biotech in Cambridge that's using breakthrough technology to treat blindness.
This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return. | | | | Get the Details Here >>> |
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You've seen the headlines about the artificial intelligence (AI) platform ChatGPT being able to write term papers and articles in a matter of minutes. 2023 looks to be shaping up as the year of AI, thanks to the mainstream frenzy over platforms like ChatGPT.
After initially investing $1 billion, ... Read the Full Story >> |
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NVIDIA Corporation (NASDAQ: NVDA) was one of the many chipmaker stocks that struggled through 2022. Not only did this stock drop as much as 70%, but its revenue has also been contracting for the past two quarters. Considering the major headwinds it’s faced, such as US-China tensions and supp... Read the Full Story >> |
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From Our PartnersThere's a tiny biotech in Cambridge that's using breakthrough technology to treat blindness.
This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return. | | | | Get the Details Here >>> |
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Stocks | | |
Robotic process automation (RPA) leader UiPath inc. (NASDAQ: PATH) stock has been rising with other artificial intelligence (AI) providers thanks to ChapGPT. The media coverage over the hype surrounding the AI platform ChatGPT has brought AI to the forefront again.
Unlike the frustrating chatbots... Read the Full Story >> |
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Solar panel maker Canadian Solar Inc. (NASDAQ: CSIQ) stock has shot up +38% in 2023 but is still in a weekly rectangle trading range since July 2021. Solar companies are all the rage as they've seen dramatic spikes in 2023 despite negative news like the California Public Utilities Commission (CPUC... Read the Full Story >> |
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Tech | | | Poland will ask Germany for permission to send some of the Polish army's Leopard tanks to Ukraine, Polish Prime Minister Mateusz Morawiecki said Monday, as he pushes Europe to send more military hardware to Kyiv amid complaints that Germany is being too slow in helping to thwart Russia's invasion.
... Read the Full Story >> |
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Tech | | | Poland will ask Germany for permission to send Leopard tanks to Ukraine, Polish Prime Minister Mateusz Morawiecki said Monday.
Morawiecki didn't specify when the request will be made. He said that Poland is building a coalition of nations ready to send Leopards.
Even if... Read the Full Story >> |
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Pharmacy, insurance, and healthcare services provider CVS Health Corporation (NYSE: CVS) shares are trading near 52-week lows despite the recent rally in the benchmark indices. The Company has evolved from a drug store chain into an integrated healthcare company offering healthcare provider and pa... Read the Full Story >> |
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Politics | | | The trial of a former leader of the Hells Angels in Europe is set to start on Monday in Madrid.
German national Frank Hanebuth is being tried alongside 49 alleged international collaborators for running a chapter of the motorcycle club on the Spanish resort island of Mallorca that was... Read the Full Story >> |
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Markets | | | The European Union is set Monday to impose sanctions on several more Iranian officials suspected of playing a role in the crackdown on protesters, but won't add the Islamic Republic’s Revolutionary Guard Corps to the EU’s terror group blacklist.
The 27-nation bloc has already imposed... Read the Full Story >> |
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The Early Bird Stock Of The DayMonday: Stock Being Downgraded The Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and managing risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY. | | View Today's Stock Pick |
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