Good MorningEquity markets closed out the week with a gain, making the 8th consecutive weekly increase for the S&P 500. The hope for FOMC rate cuts early in 2024 has driven the move, and this week's PCE price index aligned with the outlook. The index came in at 3.1%, slightly cooler than expected, suggesting the Fed's soft landing is fast approaching.
The question is if the economy will hit the ground running or crash through, and either scenario is unfavorable to equities. On the one hand, disinflation and deflation will lead to recession and on the other, consumer inflation remains hot for years with a risk that it will accelerate and drive the FOMC back into rate-hiking mode.
Santa Claus Rally or not, the S&P 500 is approaching its next major turning point. The index may continue higher and set new highs in 2023 or be contained by resistance. The following week could be telling, but investors should not read too much into holiday-week trading. The true test of the market will come in January.
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Finance | |
When Wall Street insiders talk, it is sometimes helpful to hear them out. A few gems may be gotten from their extensive reports, assuming you can get through them without dozing off into deep sleep. Anyways, analysts at The Goldman Sachs Group (NYSE: GS) have something to share with you today.
Wh... Read the Full Story |
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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Markets | |
Investing wisely for retirement is crucial, especially as Social Security's reliability wanes amidst a growing national deficit. Relying solely on government subsidies could be a precarious gamble. Supplementing fixed income sources becomes essential; the earlier you start, the bigger your nest eg... Read the Full Story |
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Markets | |
A Roth IRA is a tax-advantaged individual retirement account that you can use to contribute after-tax dollars. How many Roth IRAs can I have?
If you follow the rules, Roth IRAs have the advantage of tax-free growth and withdrawals.
You can have as many Roth IRAs as you desire, but the annual c... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Technology | |
Move over FAANG, there’s a new and improved basket of stocks leading the way: The ‘Magnificent Seven.’
Earlier this year, Bank of America's Michael Hartnett dubbed a group of top stocks the "Magnificent Seven". These global leading companies focus on tech trends like AI, cloud c... Read the Full Story |
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Technology | |
Santa Claus rally or not, the analysts are upping their targets on some high-quality tech names that stand to rally strongly in 2024.
Salesforce.com Inc. (NYSE: CRM), Zscaler Inc. (NASDAQ: ZS) and Workday Inc. (NASDAQ: WDAY) are all supported by secular trends that should sustain their growth, a... Read the Full Story |
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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Consumer Discretionary | |
The big swoosh is set to look a little deflated heading into 2024 after Nike Inc (NYSE: NKE) reported its fiscal Q2 earnings last night. Shares had been rallying since the end of September, gaining close to 40% through yesterday's close, so expectations were clearly high for a strong result. That ... Read the Full Story |
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Auto/Tires/Trucks | |
It’s tough to think of a company whose CEO is more polarizing than Tesla Inc.’s (NASDAQ: TSLA) Elon Musk.
But doubts about Musk, along with an embarrassing incident in which a new Tesla cybertruck got stuck in the snow, and a more serious safety recall situation, haven’t stoppe... Read the Full Story |
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Consumer Staples | |
When an economic downturn arrives, many investors focus on the benefits that consumer staples can offer them. As the name suggests, consumer staples are products consumers rely on as "staples" in their daily lives. Household cleaning supplies, toiletries, and food products are all examples of cons... Read the Full Story |
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Industrials | |
Looking for new technology to invest in?
Pull up a seat and join the club.
New tech is always a popular and exciting investment idea since groundbreaking tech advancements tend to attract gobs of money. However, tech is a volatile sector, and these companies infrequently experience success on ... Read the Full Story |
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Retail/Wholesale | |
Like one of its colorful salad bowls, fast-casual restaurant chain CAVA Group Inc. (NYSE: CAVA) has been a mix of green and red since its June 2023 IPO.
The Mediterranean-themed Chipotle challenger ran nearly 60% in its first two months of trading on a healthy investor appetite for new issues. I... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Its platform's embedded AI, ML, and NLP capabilities improve decisioning and information processing; emulate human behavior allows organizations to address a myriad of use cases; emulate human behavior allows organizations to address a myriad of use cases; multi-tenant platform enterprise deployment with security and governance and Automation Cloud, which enables customers to begin automating without the need to provision infrastructure, install applications, or perform additional configurations; intuitive interface and low-code, drag-and-drop functionality; signed to enable people and automations to work together; and tracks, measures, and forecasts the performance of automations, enables customers to gain powerful insights and generate key performance indicators with actionable metric. It serves banking and financial services, healthcare, insurance, public sectors, manufacturing, retail, and telecom industries. The company was founded in 2005 and is headquartered in New York, New York. | | View Today's Stock Pick |
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