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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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 2024,... Read the Full Story |
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From Our Partners | | In 2016, major election models gave Hillary Clinton a 99% chance of winning - but former CIA and Pentagon adviser Jim Rickards publicly predicted a Trump victory before election night.
Now Rickards is issuing a new forecast he calls a potential mid-term meltdown, one he believes could send shockwaves through financial markets. | | See Jim Rickards' full market warning and what it means for your portfolio |
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Technology | |
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 in st... Read the Full Story |
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Technology | |
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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From Our Partners | | Porter Stansberry believes President Trump will use the December G20 Summit in Miami to unveil a radical monetary reset tied to executive order 14241 - one he says could draw a sharp dividing line between prepared investors and those left behind.
The last time America reset its money - under Nixon in the 1970s - it produced an average of 1,300 new millionaires per day for over 50 years. Stansberry's new documentary names a core group of assets he believes are positioned to surge as Trump's new dollar rolls out.
Watch Porter Stansberry's full briefing and get his three steps to prepare before December. | | Watch Porter Stansberry's full briefing and get his three steps to prepare before December. |
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Industrials | |
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 by man... Read the Full Story |
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Markets | |
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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From Our Partners | | Riot Platforms just struck a 20-year, 191-megawatt data-center agreement tied to Anthropic, reportedly worth 9.1 billion dollars, according to CNBC.
Before any Anthropic IPO arrives, one publicly accessible vehicle already lists Anthropic as its largest holding, available through a regular brokerage with no accredited-investor requirement.
History showed how fast access tightened once SpaceX became a headline name. Alexander Green of The Oxford Club says this window is open now. | | Learn about this early Anthropic access opportunity before it closes |
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Technology | |
Shareholders of engineering simulation software maker Ansys Inc. (NASDAQ: ANSS) got a holiday gift as the stock rallied more than 18% on December 22 on news that Synopsys Inc. (NASDAQ: SNPS) was in discussions to acquire the company.
According to a report from Bloomberg and the Wall Street Journ... Read the Full Story |
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Energy | |
The price action in Occidental Petroleum (NYSE: OXY) has been range-bound for the last two years and may not break out of the range soon. However, the stock retreated to the low end of the range in December and sparked another round of purchases by Berkshire Hathaway. This is not surprising; the $... Read the Full Story |
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Technology | |
2023 was a busy year for the analysts; their activity has helped to lift the S&P 500 (NYSEARCA: SPY) 25% for the year and may help drive it to new highs in 2025. The most upgraded stocks for the year are all up at least 50%, with most up at least 100%, and they may also continue higher. The si... Read the Full Story |
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Markets | |
Some investors are still feeling the burns from investing in Chinese equities throughout 2023; once considered the darling of emerging markets, today even The Goldman Sachs Group (NYSE: GS) has been pushed to admit that their views were maybe a little too premature toward Asia's powerhouse financi... Read the Full Story |
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Healthcare | |
Shares of Liquidia (NASDAQ: LQDA) have been one of the top-performing stocks over the final quarter, with shares up almost 90% over the previous three months. However, the vast majority of those gains occurred in the last week after the company received a court victory in its patent dispute with U... 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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