Good MorningEquity markets advanced in the preceding week but may not get much higher. The S&P 500 is facing stiff resistance near 4,610, and multiple catalysts due this week could dampen appetite for stocks. Among them are the CPI inflation data, the FOMC policy decision and the November retail sales. Because inflation is expected to run hot again, the FOMC is unlikely to alter its stance on interest rates. The retail sales figure may also be disappointing, given the impact on spending that higher prices and interest rates have.
The next move for the S&P will be telling. If the market manages to move up to a new high this week, the odds of it setting a new all-time high are near certain. If not, the market will remain range-bound for the foreseeable future and a Santa Claus Rally is unlikely. In that scenario, a move to retest support near 4,550 is the least investors should worry about because a much deeper correction could be coming. Featured: Get our #1 crypto pick within minutes (Ad) 
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Technology | |
The technology sector has led the way in 2023, boasting incredible gains and technological advancements, especially in Artificial Intelligence (AI). The Invesco QQQ ETF (NASDAQ: QQQ), which tracks the performance of the Nasdaq-100 Index, is up an impressive 47.28% versus the overall market, up 20.... Read the Full Story |
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Consumer Discretionary | |
The overall markets have been on a tear lately, set to close the year off in style, near their 52-week highs. The popular S&P 500 ETF, the SPDR ETF Trust (NYSE: SPY), made a new 52-week high last week and looks set to continue its impressive surge as the end of the fourth quarter approaches.
... Read the Full Story |
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Industrials | |
A look at the Boeing Co. (NYSE: BA) chart shows the stock in buy range after taking off from a cup-shaped base. Shares ended the December 8 session at $244.70. That's less than 1% above the base's buy point at $243.20.
Boeing, along with Goldman Sachs Group Inc. (NYSE: GS), led the Dow Jones Ind... Read the Full Story |
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From Our Partners | | The biggest IPO in history is likely just weeks away…
Anthropic, the company behind Claude AI, is rumoured to be lining up a Nasdaq debut before Thanksgiving… at a valuation of up to $2 trillion. But here’s what nobody’s talking about…
A raise of about $100 billion doesn’t just make headlines. It puts an enormous spotlight on the AI industry. And as investors rush to find the next big opportunity in artificial intelligence, some of the most interesting plays may be hiding outside traditional AI stocks. | | Click here to see my #1 pick for the Claude IPO. |
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Markets | |
The acronym "CPI" for Consumer Price Index may seem familiar if you pay attention to the stock market. It's constantly mentioned in the headlines when referring to inflation.
How is an acronym few people knew or cared about just a few years ago now a top news story and significant stock market m... Read the Full Story |
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Consumer Staples | |
The COVID-19 pandemic has shown the world that e commerce stocks are here to stay, even as in-person shopping returns to pre-pandemic levels.
The e-commerce market has taken a significant market share, with every major individual retailer now offering some form of online shopping experience. Inv... Read the Full Story |
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From Our Partners | | After the Dot-Com Bubble burst in March 2000, the Nasdaq fell 78% over the following decade. But gold staged a historic bull run, and select miners delivered gains of 50X, 53X, 252X, and even 362X.
Garrett Goggin, CFA, CMT and founder of The Golden Portfolio, has spent over 20 years studying these market rotations, including 15 years working alongside gold analyst John Doody. He's identified four gold miners positioned for the next rotation out of AI stocks. | | See Garrett Goggin's four gold miner picks before the next rotation begins |
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Healthcare | |
The biotech sector and its popular ETF, the iShares Biotechnology ETF (NASDAQ: IBB), has lagged the overall market during the year. However, in recent weeks, the sector has enjoyed a significant rally and turnaround off its 52-week lows.
The recent rally in the biotech sector comes when investor ... Read the Full Story |
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Technology | |
The price action in Broadcom (NASDAQ: AVGO) shares peaked and corrected ahead of the Q4 release, opening up a buy-the-dip opportunity. The Q4 results were better than expected and came with robust guidance that confirms the uptrend in business and is leading the market higher. The post-release act... Read the Full Story |
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Technology | |
Having cooled considerably after a strong first half of the year, shares of Advanced Micro Devices Inc (NASDAQ: AMD) are once again doing what they love best: rallying. The stock is up about 40% since the last week of October and has all but undone the recent slide that had taken the shine off wha... Read the Full Story |
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Technology | |
Robotics software maker UiPath Inc. (NYSE: PATH) gapped up 16% in early December after beating revenue and earnings views. Wall Street particularly liked the company’s use of generative AI in its software platform.
Revenue came in at $325.9 million, up 24% from the year-ago quarter. Earnin... Read the Full Story |
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Energy | |
Energy prices are falling fast, but oil-and-gas stocks Exxon Mobil Corp. (NYSE: XOM), Diamondback Energy Inc. (NASDAQ: FANG), EOG Resources Inc. (NYSE: EOG), and Range Resources Corp. (NYSE: RRC)are among the most upgraded in the past 90 days.
So what’s behind the optimism? After all, ener... Read the Full Story |
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Monday's Early Bird Stock Of The Day Chewy, Inc., together with its subsidiaries, engages in the pure play e-commerce business in the United States. It provides pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services for dogs, cats, fish, birds, small pets, horses, and reptiles through its retail websites and mobile applications. The company was founded in 2010 and is based in Plantation, Florida. | | View Today's Stock Pick |
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