Good MorningEquity markets are bracing for what could be disappointing economic news in the face of rising optimism that inflation has peaked. The data includes the 1st read of Q4 GDP on Thursday and the PCE price index on Friday. Both are expected to reveal underlying economic strength and could come hotter than expected. In this scenario, the fear of rising interest rates would peak again and likely bring the S&P 500 down. If not, the market may be able to extend the rally that began on the 1st of the year and end January on an up note.
The S&P 500 is at a critical juncture. It is above a key channel but below a pivotal resistance level that could continue to cap gains if no other catalysts emerge. The risk that seems to be ignored by many market watchers is that the outlook for S&P 500 earnings is in decline. In this light, the index may move higher in the near term, but any gains are subject to quick reversal as the market bias is still bearish. Featured: “King Trump” did it again. (Ad) 
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Tech | | | Wall Street is tumbling Wednesday on worries about how badly corporate profits will get hit by a slowing economy following a mixed set of earnings reports and forecasts from Microsoft and others.
The S&P 500 was 1.5% lower in morning trading, on pace for a second step down after ... Read the Full Story |
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From Our Partners | | Jeff Brown recently traveled to a ghost town in the middle of an American desert…
To investigate what could be the biggest technology story of this decade.
In short, he believes what he's holding in his hand is the key to the $100 trillion AI boom…
And only one company here in the U.S. can mine this obscure metal. | | Click here to get the details on this virtual monopoly. |
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Tech | | | Stocks shook off an early slide and wound up little changed as worries about corporate profits weighed on the market. The S&P 500 ended barely lower and the Dow ended barely higher. The Nasdaq fell 0.2%. The mixed finish came after the S&P 500 roared back from a morning loss of 1.7%. Big swi... Read the Full Story |
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Tech | | | Wall Street is wobbling Wednesday on worries about corporate profits following a mixed set of earnings reports and forecasts from Microsoft and others.
The S&P 500 was 0.1% lower in afternoon trading, but only after it tumbled to a morning loss of 1.7% and then roared all the way... Read the Full Story |
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From Our Partners | | Here’s a chart everyone should see that dates back to 1993…
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And what my “hands-off” stocks are that I wouldn’t touch with a 100-foot pole. | | Check out the breakthrough overnight trade before I take the video down. |
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Tech | | | The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government.
The government alleged in the co... Read the Full Story |
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Stocks | | |
Cybersecurity stocks are down from their high-flying days in the post-pandemic world. Stocks from Palo Alto Networks (NASDAQ: PANW) to Datadog Inc. (NASDAQ: DDOG) and Paycom Software (NASDAQ: PAYC) are down 50% or more from those days, but the time to buy them might be at hand. Results from F5 Net... Read the Full Story |
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Markets | | |
A mini-rally in the world of semiconductors makes many on Wall Street sit up and take notice. After logging a horrible 2022 with its seemingly endless supply of bad news, there’s been a decent lift across the board, particularly with some. Advanced Micro Devices, Inc. (NASDAQ: AMD) is one su... Read the Full Story |
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Tech | | | Goldman Sachs no longer wants to be the bank for everyone.
The storied investment bank spent eight years attempting to expand its business beyond corporations and the wealthy. But in recent months, Goldman has signaled a partial retreat from those efforts by scrapping plans for a che... Read the Full Story |
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Markets | | |
At least two (2) of America’s Class 1 railroads are pulling back into buying territory, which is good news for investors. These railroads are cash-generating machines that pay healthy dividends and buy back shares. The outlook for 2023 is a little cloudy but one thing is clear, capital retur... Read the Full Story |
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Markets | | |
GSK plc (NYSE: GSK) is in the running with Moderna Inc. (NASDAQ: MRNA) and Pfizer (NYSE: PFE) to produce respiratory syncytial virus (RSV) vaccines, and analysts outside the company predict it could have a material impact on its topline revenues.
GSK was one of the first companies to announce a p... Read the Full Story |
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Stocks | | |
Johnson & Johnson (NYSE: JNJ) and Abbott Laboratories (NYSE: ABT) are 2 of the more attractive Dividend Kings for today’s market. They offer relatively high yields and at least some value while projecting growth in 2023. This is an important factor to note because the outlook for earning... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including interest-bearing and noninterest-bearing checking, commercial checking, business, nonprofit and municipal checking, savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyer's trust accounts. It also offers residential real estate loans, including first mortgages, home equity loans, and home equity lines, and secured by one-to-four family residential properties; commercial and industrial loans, such as letters of credit, revolving lines of credit, working capital, equipment financing, and term loans; commercial mortgage loans; construction and land development loans; home equity loans comprising home equity revolving loans and lines of credit; and consumer loans, including automobile, spa and pool, collateral, and personal lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. The company was founded in 1853 and is headquartered in Westfield, Massachusetts. | | View Today's Stock Pick |
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