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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Stocks | | | Shares were higher Monday in Asia, where most markets were closed for the Lunar New Year holiday.
Tokyo's Nikkei 225 index added 1.3% to 26,906.04, shrugging off comments by Finance Minister Shunichi Suzuki that Japan is facing an “unprecedentedly severe" financial situation after sp... Read the Full Story >> |
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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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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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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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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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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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Tech | | | Shaking a traditional rattle, Brazil’s incoming head of Indigenous affairs recently walked through every corner of the agency’s headquarters — even its coffee room — as she invoked help from ancestors during a ritual cleansing.
The ritual carried extra meaning for Joenia Wapichana, Br... Read the Full Story >> |
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Markets | | | Italian Premier Giorgia Meloni arrived Sunday in Algeria for a low-key two-day visit as the two nations look to build up a strategic partnership and Italy works to further wean itself off Russian energy with help from the gas-rich North African country.
Algeria's state television anno... Read the Full Story >> |
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Markets | | | France and Germany committed Sunday to giving Ukraine “unwavering support” and to strengthening the European Union as they sought to overcome differences over defense, energy and economic issues on the 60th anniversary of their post-World War II friendship treaty.
The German governmen... 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 the provision of financial services. It operates through the following business segments: Global Banking and Markets, Asset and Wealth Management, and Platform Solutions. The Global Banking and Markets segment includes investment banking, equity and debt underwriting, Fixed Income, Currency, and Commodities (FICC) intermediation and financing activities, relationship lending and acquisition financing, and investing activities. The Asset and Wealth Management segment provides investment services and manages client assets across investment strategies and asset classes. The Platform Solutions segment includes consumer platforms such as partnerships offering credit cards and point-of-sale financing, and transaction banking. 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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