Good MorningEquity markets tried to advance on Wednesday but could not hold the gain. The result is another day of sideways trading near recent highs in a string of sideways moves that are beginning to look like a frothy market top. Wednesday's action was driven by a hotter-than-expected revision to Q3 GDP and reinvigorated fear of higher interest rates for longer.
Without a catalyst to drive it higher, the odds are high that the S&P 500 will begin to correct soon. The indicators point to an overbought market and waning momentum about to swing into negative territory. Such a move would confirm a bearish sentiment with the index trading at critical resistance and could lead sellers into the market. One potential catalyst will be released today, the PCE price index, and the next FOMC meeting is only 2 weeks away. Featured: The World's First "$20 Trillion Drug"? (Behind the Markets) 
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Marketbeat.com provides numerous tools for investors to help them with due diligence, including analyst-tracking algorithms. The analyst-tracking algorithms screen for new coverage, price target revisions and rating changes, but that is just the tip of the iceberg. Marketbeat provides information ... Read the Full Story |
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From Our PartnersHe started from nothing and became a multimillionaire...He's now one of the most sought-after trading experts...Yet he operates 858 miles from Wall Street.And now, he's revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker. | | | | See The Proof Here |
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Beyond, Inc. (NASDAQ: BYON) just got a big vote of confidence from Wall Street. On Monday, sell-side research firm D.A. Davidson gave the former Overtstock.com a buy rating and $41 price target that's well ‘beyond' any other analyst forecast — and implies more than 100% upside fro... Read the Full Story |
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It was once famously said as General Motors (NYSE: GM) goes so goes the nation. Today, investors who are looking at which direction the nation, or at least the national economy, is moving may want to look at Dollar Tree Inc. (NASDAQ: DLTR). If that theory is true, the predictions of an upcoming re... Read the Full Story |
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Because AI is so data-centric, based on big data, data mining and the algorithmically-produced insights that come from it, it is no surprise to see stock market-oriented businesses such as Marketbeat leaning into the technology. The stock market is all about data and generates it in terabytes. Mar... Read the Full Story |
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Having rallied 125% from May all the way into last week's Thanksgiving holiday, investors were clearly expecting good things from Zscaler Inc's (NASDAQ: ZS) latest earnings report. The cyber-security titan reported their fiscal Q1 earnings after the bell rang to end Monday's se... Read the Full Story |
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Markets | | | Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow.Inflation for the 20 countries using the euro curre... Read the Full Story |
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Markets | | | An official survey of Chinese manufacturers shows that factory activity contracted for a second straight month in November, an indicator of weak demand despite various stimulus measures aimed at supporting the economy. The official manufacturing purchasing managers’ index fell to 49.4 in November, d... Read the Full Story |
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Markets | | | Nigeria’s leader on Wednesday presented a 27.5 trillion naira ($34.8 billion) spending plan for 2024 to federal lawmakers, with a focus on stabilizing Africa’s largest but ailing economy and tackling the nation's deadly security crisis.The primary objective of the proposed budget is to sustain the “... Read the Full Story |
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Markets | | | Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government said in an upgrade from its previous estimate Read the Full Story |
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Markets | | | Sri Lanka said Wednesday that it has reached an agreement in principle with a group of creditors including India and Japan on debt restructuring, a crucial move toward unlocking a second instalment of a $2.9 billion bailout package from the International Monetary Fund.The agreement with the Official... Read the Full Story |
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Thursday's Early Bird Stock Of The Day LogicMark, Inc. provides personal emergency response systems (PERS), health communications devices, and Internet of Things (IoT) technology that creates a connected care platform in the United States. The company's devices provide people with the ability to receive care at home and age independently and to check, manage, and monitor a loved one's health and safety remotely. It also manufactures and distributes non-monitored and monitored personal emergency response systems, which are offered through the United States Veterans Health Administration (VHA), direct-to-consumers, healthcare durable medical equipment dealers and distributors, monitored security dealers and distributors, and its ecommerce website logicmark.com and Amazon.com. The company was formerly known as Nxt-ID, Inc. and changed its name to LogicMark, Inc. in March 2022. LogicMark, Inc. was founded in 2006 and is based in Louisville, Kentucky. | | View Today's Stock Pick |
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