Good MorningEquity markets advanced following as-expected inflation data and a shift in Fed policy. The Fed indicated rate cuts are likely in 2024, marking the top of the rate hiking cycle. The bad news is that inflation continues to run hot so higher-than-normal interest rates will persist for some time. Even with the 75 basis points of cuts indicated, the market will end the year with rates at 4.5% or higher and double the rate going into the COVID-19 pandemic.
The S&P 500 is moving higher, and a Santa Claus Rally is likely; this week's PCE price index is a likely catalyst for the bulls. The risk is that markets remain below critical resistance at the all-time high which might cap gains for this year and next. However, if the S&P 500 can move above the all-time and sustain it through January, the odds are high that the market will continue to rally in 2024. Featured: Sell these "safe" blue chips immediately (Ad) 
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Finance | |
The BRICS are comprised of Brazil, Russia, India, China and South Africa and have a population exceeding 4.4 billion people. These are considered growing economies with abundant, rich natural resources. However, they also come with political instability and geopolitical tensions, as evidenced by t... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Industrials | |
The aerospace sector has been red hot in 2023. While it was an epicenter sector during the pandemic, positive normalization has finally come to fruition as the travel boom sent airlines into hyperdrive, looking to grow and modernize their fleets. The Boeing Co. (NYSE: BA) shares have risen to 52-w... Read the Full Story |
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Industrials | |
Generac Holdings Inc. (NASDAQ: GNRC) manufactures power generators and energy management solutions for residential, commercial and industrial markets. It's a member of the industrial sector. While they are popular with consumers for their portable backup power generators pitched often through info... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
Tax-loss selling occurs as investors dump their underperforming stocks to take the capital loss and wait 30 days to buy them back to avoid the wash rule. This causes underperforming stocks to fall in December and bounce back in January and February as investors buy back into the same shares. The w... Read the Full Story |
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Markets | |
Costco Wholesale Corporation (NASDAQ: COST) is not a cheap stock, and it has been trending at all-time highs, begging the question: How high can it go?
The Q1 results, cash flow, balance sheet and the special dividend it allows suggest higher, much higher. While it is the premium stock in retail ... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Consumer Discretionary | | Specialty retail stores are unique consumer stores that cater to a particular niche or carry only a select group of products. In a market of constantly changing consumer trends and buying habits, some investors are looking to specialty retailing outlets and their loyal customer bases as a source of ... Read the Full Story |
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Healthcare | |
The United States healthcare system includes two sectors: public endeavors like Medicare and Medicaid and private health insurance companies. Healthcare stocks represent a significant section of the U.S. economy, with many medical companies included in indexes like the S&P 500. But which medic... Read the Full Story |
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Finance | |
Healthcare is one of the largest and fastest-growing sectors in the global economy, with many opportunities for investors. From breakthrough treatments to innovative technologies, healthcare companies are at the forefront of innovation and poised for growth in the years ahead.
For those looking ... Read the Full Story |
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Consumer Discretionary | |
Some swear the market is about to go on a tearing rally and stay in a bull market for the foreseeable future; others say that the Federal Reserve is only entertaining rate cuts, preparing to cushion some economic crash soon.
While nobody other than Warren Buffett holds a crystal ball, there are ... Read the Full Story |
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Consumer Discretionary | |
Lennar Corporation (NYSE: LEN) share prices pulled back following the Q4 release, but this is a classic buy-the-dip opportunity. The strong results relative to the consensus figure were not unexpected in light of the recent run-up in share prices.
The company's stock has increased 50% over the l... Read the Full Story |
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Monday's Early Bird Stock Of The Day RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was incorporated in 2011 and is headquartered in Corte Madera, California. | | View Today's Stock Pick |
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