Good MorningEquity markets hovered near break even on Wednesday as investors weighed the possibilities for 2024. Among them is a rally. The outlook for earnings is growth with sequential acceleration throughout the year. Another is a recession. The FOMC policy is restrictive and yet to be fully seen in the data. The odds are high that consumer spending will be weak in the first half and may lead to a recession. This sets the market up to advance, provided the Q1 reporting season is good, or to fall if it isn't.
The next market-moving news for equities will come next week. The monthly jobs creation data is due and is expected to reveal persistent strength in the labor markets. In this scenario, the odds of a soft landing will grow and help to lift equities ahead of the Q1 reporting season. Calander Q1/fiscal Q4 reporting begins in two weeks with JPMorgan Chase. The bank is expected to grow revenue by 20% over last year and widen margin aided by higher interest rates.
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As we near the year's end, the technology sector is concluding on an impressive note, having recently reached new all-time highs. The tech sector has taken the lead throughout the year, outpacing the broader market significantly.
It's been a year underscored not by a singular catalyst but b... Read the Full Story |
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If there is one thing that investors need help getting used to, it is learning where - and where not - to take cues for potentially better places to invest when they come up. Many "experts" are fighting for eyeballs, recommending this stock and that trade, only to face hoards of dissatisfied custo... Read the Full Story |
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Digital media analytics specialist DoubleVerify Holdings Inc. (NYSE: DV) may be approaching an early buy point in a cup-shaped pattern.
The stock has been forming its base since pulling back from a July 31 high, as you can see on the DoubleVerify chart.
That chart offers a valuable lesson ... Read the Full Story |
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The Dogs of the Dow theory assumes that this year’s worst performers will be the best-performing stocks in the next. If not, they should provide solid rebounds due to their “lower” value, and many pay above-average dividends. This year, the Dogs of the Dow list includes three hig... Read the Full Story |
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Markets | | | There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington.Count Adidas, Apple and ... Read the Full Story |
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Stocks | | | Asian shares advanced on Wednesday, tracking Wall Street gains as markets there reopened for what’s expected to be a quiet, holiday-shortened week of trading.U.S. futures were higher and oil prices were steady.Tokyo’s Nikkei 225 index added 1.2% to 33,681.24 as details of a policy meeting by the Ban... Read the Full Story |
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Markets | | | Asian markets were steady in holiday-thinned trading on Tuesday, with some markets in the region closed for holidays. U.S. futures and oil prices edged higher. Shanghai’s benchmark led losses in Asia on heavy selling of technology and computer chip-related shares as worries revived over trade tensio... Read the Full Story |
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Markets | | |
The New Year is almost upon us and, with it, the next earnings reporting cycle. The calendar Q1/fiscal Q4 cycle is expected to bring another quarter of growth for the S&P 500 (NYSEARCA: SPY) and may set it up for big gains in 2023.
Because earnings are expected to grow every quarter in ... Read the Full Story |
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Markets | | | Premarket trading is mixed in a low-volume trading holiday week on Wall Street. Futures for the S&P 500 were virtually unchanged before the bell Thursday, while futures for the Dow Jones Industrial Average lost 0.1%. The tech-heavy Nasdaq rose nearly 0.3%.Trading has been subdued in the last tra... Read the Full Story |
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Markets | | | The Cuban government said Friday it will have to either increase prices for fuel and electricity, or reduce rations for basic supplies. President Miguel Díaz-Canel said such difficult measures were needed for difficult times, after the minister of the economy said Cuba’s economy contracted between 1... Read the Full Story |
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Thursday's Early Bird Stock Of The Day KNOT Offshore Partners LP acquires, owns, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, and discharge of crude oil under time charters and bareboat charters. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom. | | View Today's Stock Pick |
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