Good MorningEquity markets began the week in retreat as investors brace for a big week of earnings, economic data and the FOMC. This is the first hectic week of the earnings season and should see more than 100 reports from S&P 500 companies cross the wire. The takeaway for the season so far is that earnings are weak, and the outlook is souring. The economic data may not help; it should show continued strength in the labor market and rising wages to underpin inflation.
The FOMC meeting is the big news of the week. The Fed will release its policy statement on Wednesday and will most likely shock the market. The committee isn't likely to raise rates faster than 25 bps, but it will most likely give a hawkish statement that leaves little room to doubt their seriousness. Anything less will give the market and the economic reason to accelerate, which could drive inflation to new heights. Featured: The No. 1 Gold Play for 2023 (Stansberry Research) 
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If one corner of the market suddenly looks all shiny, you may be seeing the glitter of gold stocks such as Wheaton Precious Metals Corp. (NYSE: WPM), AngloGold Ashanti Limited (NYSE: AU), Yamana Gold Inc. (NYSE: AUY), Alamos Gold Inc. (NYSE: AGI) and Iamgold Corp. (NYSE: IAG).
All boast strong re... Read the Full Story |
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Artificial Intelligence and cloud computing companies have become increasingly important over the past decade. In 2021 alone, the global artificial intelligence market was valued at $93.5 billion (USD).
Unfortunately, the AI/Cloud computing firms on this list have suffered significant losse... Read the Full Story |
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Markets | | | A strong week for Wall Street closed out with modest gains Friday, sending the stock market to its highest level since early December.
The S&P 500 rose 0.2% to clinch its third winning week in the last four and was near its highest level since the summer, before fading at the end... Read the Full Story |
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Markets | | | Stocks closed higher on Wall Street, marking the market’s third winning week in the last four. The S&P 500 rose 0.2% Friday, having given up much of its afternoon gain. The Nasdaq composite climbed 0.9% and the Dow ended up about 0.1%. American Express helped lead the way. It jumped after giving... Read the Full Story |
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Markets | | | Stocks are rising Friday, sending Wall Street toward its best level since the summer as a strong week comes to a close.
The S&P 500 was 0.7% higher in afternoon trading. It's on track to clinch its best closing level since the middle of September, along with a third winning week ... Read the Full Story |
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Electric vehicle maker Fisker, Inc. (NYSE: FSR) proves that even your competitors can be your friends.
January 27th’s 15% surge came after Tesla announced better-than-expected fourth-quarter earnings that ignited Tesla shares and those of several EV peers — a much-needed jolt for a se... Read the Full Story |
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Tech | | | Stocks are stalling on Wall Street Monday ahead of a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies.
The S&P 500 was 0.3% lower in early trading, giving back some of its gains fro... Read the Full Story |
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SoFi Technologies, Inc. (NASDAQ:SOFI) is up more than 15% in mid-day trading after crushing its fourth quarter and full-year earnings report on Monday, January 30. The company delivered revenue of $443.42 which was better than the $425.84 forecast by analysts. And earnings per share (EPS) came in ... Read the Full Story |
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Colgate-Palmolive (NYSE: CL) shares were corrected in January and hit new lows in the wake of the Q4 earnings report but this looks like a buyable bottom. An analyst is not only calling the bottom but the market is responding in kind. Analyst Dara Mohsenian of Morgan Stanley upped the stock t... Read the Full Story |
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Markets | | | For all the sound and fury about raising the nation's debt limit, most economists say federal borrowing is not at a crisis point ... at least not yet.
The national debt is at the core of a dispute about how to raise the government's legal borrowing authority, a mostly political argume... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. The company also provides acceptance solutions, which include Cybersource that provides modular and value-added services for connecting merchants to payment processing; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions for fraud prevention; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brand names. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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