Good MorningChurn continued on Wall Street Wednesday, with the S&P 500 gaining a little more than 0.5% to reclaim the week's highs. The move came just before the December CPI figures were released and may lead to a new all-time high in their wake. The CPI data is due today and may come in cooler than expected. A cooler-than-expected read will shorten the time until the first FOMC interest rate cut but poses a bigger risk. Cooler-than-expected inflation may raise fears of deflation and recession, sapping appetite for risk-on assets like equities.
Earning season action will heat up tomorrow. The Big Banks, including JPMorgan Chase, will report earnings, and the news will move the market. Revenue and earnings are expected to be solid due to higher interest rates; the question is how the consumer fares. As it is, data suggests the US consumer is resilient in 2024 and will continue to buy, albeit price-consciously. Featured: What’s Elon building now? (Ad) 
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Healthcare | |
U.K.-based AstraZeneca PLC (NASDAQ: AZN) is up 8.95% in the past month as investors grow optimistic about the company's improved earnings outlook for 2024. Not only are sales of cancer and diabetes drugs growing fast, but the company announced an acquisition in the area of innovative cell therapie... Read the Full Story |
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From Our Partners | | An estimated 35 million Americans may be eligible for an Irish passport through a little-known registration route - no trips to Ireland, no lawyers, no large fees required.
The process can take as little as three steps: apply online or by mail with the right documents, then wait as little as nine months for your passport to arrive at your U.S. doorstep.
The Irish Government has confirmed that once registered, applicants are recognized as Irish citizens eligible to apply for a passport. | | Find out if your name qualifies for the Irish passport list |
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Technology | |
In today's digital age, securing sensitive information and digital assets is a top priority for businesses globally. With technology's constant evolution and the rapid shift to digital operations, cybersecurity has become pivotal in fortifying against potential threats.
As businesses increasingly... Read the Full Story |
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Markets | |
SGH (NASDAQ: SGH) share prices have been on a wild ride for the last two years, moving sharply higher and lower, and are heading higher now. The difference is that transformation efforts are taking hold, and the company is setting up for long-term success. There are still hurdles to overcome, incl... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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Industrials | |
It's starting to look more and more like the rally, which kicked off at the end of October, is set to continue into 2024. While stocks softened a little last week, the benchmark S&P 500 index is already ticking back to last month's high, with investor expectations now set on seeing it tag a fr... Read the Full Story |
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Consumer Staples | |
PriceSmart (NASDAQ: PSMT), as good an investment as it is, has struggled to gain traction with price shares, but that struggle is ending. PriceSmart is well-positioned generally but specifically for 2024 because its business centers on EMs in Latin America, growing organically and building leverag... Read the Full Story |
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From Our Partners | | Since 1950, the midterm year has been the bumpiest stretch of the four-year presidential cycle. Yet the year after every midterm, the S&P 500 finished higher all 19 times.
Investors who sold during the pre-election fear often missed the rebound that followed. Bill Poulos breaks down the pattern in a new report, The Midterm Election Playbook, including five moves to consider before and after Election Day. | | Download the free Midterm Election Playbook report today |
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Industrials | |
Next to information technology, which economic sector is the best performer over the last five years?
That’s right, it’s industrials.
S&P 500 industrial stocks have generated a 72% cumulative return since January 2019. Although this lags the return of the broader market (87%) and... Read the Full Story |
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Communication Services | |
As the world amps up its shift towards greater electrification, stocks of companies with technologies driving this change are set to spark some gains.
Sure, there are the well-known “celebrity” stocks like Tesla Inc. (NASDAQ: TSLA) that fall into this category, but building the innar... Read the Full Story |
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Finance | |
Who better to know when a stock will be moving significantly in the near future than insiders working at the company in question? Following insider transactions can be a good starting point to dissect where a stock's future may be headed, given that you finish doing the due diligence necessary to ... Read the Full Story |
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Consumer Discretionary | |
BARK, Inc. (NYSE: BARK) has been in the doghouse for years. The combination of overblown expectations and the SPAC implosion left little direction for the stock price but lower. Now, it’s down 95% from its lows but may be ready to come back fighting. The company leaned hard into efficient op... Read the Full Story |
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Industrials | |
Just as investors thought inflation was easing, conflict in the Middle East and drought in Latin America may combine to push shipping rates higher for companies like ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), Star Bulk Carriers Corp. (NASDAQ: SBLK), Golden Ocean Group Ltd. (NASDAQ: GOGL), ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Getaround, Inc. operates as an online car rental service company for peer-to-peer car sharing. The company operates Getaround, a digital carsharing marketplace, which is accessed through the Getaround app and derives demand from guests who want access to cars nearby 24/7 for various use cases, such as local and long-distance getaways, running errands, business travel, and driving to earn through rideshare and delivery platforms. Getaround, Inc. is based in San Francisco, California. | | View Today's Stock Pick |
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