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: Rickards Predicts: Trump to buy tiny $2 stock? (Ad) 
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Retail/Wholesale | |
Chewy, Inc. (NYSE: CHWY) and Williams-Sonoma (NYSE: WSM) received upgrades that investors can buy into. Not because a single upgrade is enough to move a market but because these upgrades align with recent trends. Those trends suggest the markets for these retail stocks are at a critical turning po... 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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Aerospace | |
Howmet Aerospace Inc. (NYSE: HWM) stock is up more than 3% after Truist Financial Corporation (NYSE: TFC) upgraded the stock from a Hold to a Buy with a $74 price target, which is significantly higher than the firm's previous $46 price target.
Two days before that upgrade, an analyst at Bernstein... Read the Full Story |
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Consumer Staples | |
PepsiCo Inc. (NASDAQ: PEP) and French grocery giant Carrefour SA (OTCMKTS: CRRFY) are pointing fingers at each other, with each blaming the other for a dispute over prices.
The PepsiCo chart shows the stock trading 1.66% lower for the week, after the close on January 11.
Carrefour is one of the... Read the Full Story |
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From Our Partners | | Washington's so-called 'Mar-a-Lago Accord' aims to deliberately weaken the U.S. dollar to boost exports and bring jobs home. But there's a cost most officials won't mention at the podium.
That $100,000 you've saved still shows the same number on your statement - but its purchasing power shrinks by design. Smart investors are already repositioning their wealth before the policy takes full effect. | | Get your free information kit and learn 3 strategies to protect your savings |
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Technology | |
Are you looking for long-term investment opportunities?
Growth stocks could present a range of potential. Growth stocks are stocks issued by companies that primarily reinvest profits into business operations rather than returning money to shareholders as dividends. The best growth stocks to buy n... Read the Full Story |
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Finance | |
Are you looking to invest in hotel real estate investment trusts (REITs) in 2024?
Hotel REITs offer you the chance to diversify your portfolio with exciting and luxurious properties in exotic locations around the world, from New York to Bali. By investing in a REIT, you can potentially increase ... Read the Full Story |
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From Our Partners | | A scheduled announcement on July 31st could reshuffle the stock market's winners and losers - and one lesser-known name may be positioned to benefit while the Magnificent 7 stumbles.
Smaller, overlooked stocks are showing growing potential to challenge AI's biggest players. One specific ticker stands out heading into that date. | | Get the name and ticker of this stock on your radar now |
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Finance | |
One lesson markets have taught over the last few years is that stocks can get volatile immediately. Investors frequently look toward companies with inelastic products and services when major indices are wobbling.
Utilities and consumer staples are two of the most commonly selected sectors for inv... Read the Full Story |
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Financial Services | |
The banking industry is an exciting place to invest your money in the stock market. Despite ongoing economic uncertainty, many banks are well-positioned to thrive in the current market.
Whether you are a seasoned investor or just starting investing, understanding the banking industry and identif... Read the Full Story |
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Technology | |
If you believe that a stock in any stock sector will make a large price move, you can make an options trade called a straddle to capitalize on the anticipated big price move. How large of a move are we talking about? That depends on the total cost of the premiums. We’ll explain in a bit.
In... Read the Full Story |
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Finance | |
Having increased seemingly month on month since the back-end of 2021, it looks like mortgage rates might finally be cooling. The 30-year fixed-rate average has fallen from a high of 7.79% at the start of November to 6.62% last week, and expectations are for this downward trend to continue through ... Read the Full Story |
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Markets | |
The U.S. Securities and Exchange Commission (SEC) has given the go-ahead to the first-ever U.S.-listed exchange-traded funds (ETFs) tracking Bitcoin. This watershed moment marks a significant leap for the world's largest cryptocurrency and the broader crypto industry.
After a decade-long journey... Read the Full Story |
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Friday's Early Bird Stock Of The Day Applied Materials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation/nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective deposition and removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. The company was incorporated in 1967 and is headquartered in Santa Clara, California. | | View Today's Stock Pick |
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