Good MorningEquity markets continued to rebound on Thursday following the Fed's November policy statement. Although the Fed indicated another rate hike could be necessary to tame inflation, the market cheered because the peak was near. The S&P 500 gained about 2% at the session's high and could continue to advance over the next few weeks. The risk is that inflation is not tamed, and rates will remain high indefinitely. In this scenario, the S&P 500 will be capped by a dwindling outlook for corporate earnings growth.
The consensus estimates for earnings growth in 2024 are falling. The Q1 and Q2 figures are down more than 50% from recent highs and may continue to fall as the year progresses. Consumers are already pinched, and with the holiday season approaching, there is concern that spending will be less than analysts expect. The takeaway for consumers is that discounts and deals are expected to approach the pre-pandemic levels, which were highly favorable to shoppers.
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Technology | |
Results from ServiceNow (NASDAQ: NOW) bode well for cloud services stocks. The company posted results that sparked a round of surprisingly bullish chatter from analysts that points to continued strength in this and other cloud services names.
Analysts viewed the ServiceNow results as remarkably ... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Technology | |
Was Extreme Networks’ (NASDAQ: EXTR) disappointing revenue guidance a harbinger of what’s to come in the networking industry, or is there a company-specific problem?
“As far as slowed growth, we are seeing it across the industry,” Extreme Networks CEO Ed Meyercord told Ma... Read the Full Story |
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Technology | |
HUB Cyber Security (NASDAQ: HUBC), a little-known small-cap cyber security company, has recently made headlines after its stock experienced triple-digit growth last month.
The Israeli cyber security solutions company first grabbed the headlines on October 19 after it announced that it was partic... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Finance | |
Remember that guy who got knighted by Queen Elizabeth for his philanthropic accomplishments? No? Maybe you remember him from multiplying his money after the 1929 depression and coming up with his now famous saying, which rhymes with investing at the point of maximum pessimism.
His name is Sir Joh... Read the Full Story |
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Technology | |
Shares of Shutterstock (NYSE: SSTK) are down 7.5% during the middle of Wednesday's trading session; some can blame it on the fact that the ISM Manufacturing PMI came in much lower than the markets were expecting, signaling a reasonable concern for the economy; some may blame it on the FOMC meeting... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Technology | |
First Solar (NASDAQ: FSLR) shares are down significantly from the peak set earlier this year, but the odds are high that the peak will be retested and surpassed in 2024. The company has established itself as a blue-chip leader in the solar electrification industry, and now shares are trading at a ... Read the Full Story |
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Healthcare | |
The Dow Jones Industrial Average of blue chip stocks is trading higher for the week, but is still in correction territory, having posted losses in each of the past three months.
However, it’s a smart idea to keep your watch list current during market downturns. Stocks that hold up better th... Read the Full Story |
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Industrials | |
After a few quarters of lackluster growth in the United States economy, the past quarter's GDP figures rose to beat economist expectations and even bring about expansion on real terms (that is, adjusting for inflation). A 4.9% growth rate successfully shrugged off interest rate hikes from the FED,... Read the Full Story |
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Technology | |
Advanced Micro Devices (NASDAQ: AMD) share price pulled back following the Q3 release, setting the market up for a solid rebound. The price action in this market is oversold after retracing from its 2023 peak and showing signs of support at critical price levels. Because support coincides with an ... Read the Full Story |
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Communication Services | |
Social media platform Snap Inc. (NYSE: SNAP) had a mixed bag of results for its third quarter of 2023, but it's apparent that North America has become a mature market while Europe and the rest of the world (ROW) are the real growth engines. Integrating artificial intelligence (AI) technology into ... Read the Full Story |
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Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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