Good MorningEquity markets will look to build on 2024's start in the coming week, but gains could be hard to come by. The first reports from the big banks were solid but failed to inspire upward revision to the S&P 500 outlook. The consensus figure for earnings growth this cycle continues to trend lower along with the figures for 2024. The good news is that 2024 is expected to see solid growth; the bad news is that the outlook is deteriorating, and anticipated earnings growth in the back half of the year may not be forthcoming.
The question on everyone's minds is when the FOMC will make the first interest rate cut. The market thinks the first cuts could come by March, but this is optimistic given the inflation trends. Inflation is subsiding but not quickly enough for the FOMC to ensure inflation is tamed. The risk for them is that cutting rates will reignite inflation and lead them back into a hawkish stance. The takeaway for investors is that higher for longer is the theme for 2024, and it may not change until late in the year, if at all.
Featured: Forget NVDA. Buy this A.I. stock instead (Chaikin Analytics) 
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Last week, an interesting picture of triumph was painted in the stock market, with the technology sector taking the lead. Now, this may come as no surprise. The stars of the show were none other than several members of the so-called Magnificent Seven – Microsoft, Nvidia, Alphabet, and Meta.
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From Our Partners—but also hand Joe Biden a landslide re-election win. What would America look like if we slide further towards Socialism? Full story and 4 steps you can take, | | | | detailed here… |
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Clinical weight-loss medications have been making headlines. GLP-1 drugs like Novo Nordisk A/S (NYSE: NVO) owned Ozempic and Wegovy and Eli Lilly and Co. (NYSE: LLY) owned Mounjaro and Zepbound continue to see demand outstrip supply.
Celebrities like Sharon Osbourne lost... Read the Full Story |
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Hewlett Packard Enterprise Co. (NYSE: HPE) will acquire network communications equipment provider Juniper Networks Inc. (NASDAQ: JNPR) for around $14 billion or $40 per share. It sent shockwaves through the computer and technology sector.
Hewlett Packard hopes ... Read the Full Story |
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From Our PartnersBarack Obama’s confession about the 2024 election just leaked online…
In short, he’s worried Biden “could very well lose.”
But before you think that means Trump will win…
You should see the evidence I’ve found about an election shock that could come as soon as August 19th. | | Click here to see my 2024 election prediction. |
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QuantumScape Co. (NYSE: QS) has been developing the next-generation solid-state lithium-metal batteries for electric vehicles (EV). The Auto/tires/trucks sector company has been developing and testing its technology since 2022 and announced its first solid-state battery en... Read the Full Story |
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Markets | | | European markets opened lower while Asian markets were mostly higher on Monday as the week got off to a mixed start. U.S. markets will be closed for Martin Luther King Day, a holiday. France’s CAC 40 lost 0.1% to 7,454.74. Germany’s DAX slipped 0.1% to 16,688.90, and Britain’s FTSE 100 shed 0.2% to ... Read the Full Story |
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Stocks | | | Wall Street closed its 10th winning week in the last 11 with a mixed finish Friday following an encouraging report on inflation.The S&P 500 edged up by 0.1% after earnings reporting season kicked off with mixed results from Delta Air Lines, JPMorgan Chase and others. The Dow Jones Industrial Ave... Read the Full Story |
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Markets | | | The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal with the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. All the banks had one-tim... Read the Full Story |
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Markets | | | Germany's economy shrank 0.3% last year as Europe's former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis.Europe's largest economy has been mired in stagnation since the last months of 2022 amid those multiple challenges. T... Read the Full Story |
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Markets | | | UnitedHealth Group turned in a better-than-expected fourth quarter but surprised Wall Street with medical costs that soared 16%.Shares of UnitedHealth and other major health care and insurance providers slipped Friday after the company announced results. Health insurers dealt with rising medical cos... Read the Full Story |
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The recent approval and launch of eleven Bitcoin spot ETFs have added a thrilling chapter. Building up to the much-anticipated approval, the market was brimming with anticipation.
As the U.S. Securities and Exchange Commission (SEC) nodded to the first-ever U.S.-listed e... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. The Europe and Asia (EA) Cruise Operations segment consists of AIDA, Costa, Cunard, and P&O Cruises (UK). The Cruise Support segment represents port destinations and private islands for the benefit of its cruise brands. The Tour and Other segment operates hotel and transportation operations of Holland America Princess Alaska Tours. The company was founded in 1972 and is headquartered in Miami, FL. | | View Today's Stock Pick |
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