Good MorningEquity markets started the holiday-shortened week on a sour note, with the S&P 500 down more than half a percent at the session's low. The move was led by mega-cap techs like Apple, Netflix, and Meta Platforms, which all fell more than 1% on fears of higher-for-longer interest rates.
The FOMC remains on track to begin cutting rates in 2024, but the timing remains questionable because the inflation data is still hot. The latest data suggests the cool-down in inflation stalled and may not recede until later in the year. The risk now is that inflation won't recede significantly soon, leading the FOMC to hike and not cut rates.
The S&P 500 struggles to gain traction in 2024. The first three weeks of the trading year are characterized by directionless movement as equity markets spin their collective wheels. The broad market index remains below the critical resistance at the all-time high and may not set a new high soon. The caveat is that earnings season is upon us, and earnings trump all. A solid season and an outlook for sequential earning improvements throughout the year may be all it takes to lift the S&P 500.
Featured: The Robotics Revolution has arrived (Ad) 
|
Markets | | |
Advanced Micro Devices (NASDAQ: AMD) isn’t getting the attention some stocks in the semiconductor industry are, but it should not be counted out. Multiple factors suggest a solid upside in 2024; it could top 50% by year-end. Among the factors are the rise of AI, demand for data center infras... Read the Full Story |
|
|
Markets | | |
When markets become uncertain about the economy's direction and stocks trend in a bumpy and indecisive pattern, some sectors usually attract investment dollars because of their perceived safety. Now that the Federal Reserve (the Fed) has pointed to potential interest rate cuts in 2024, y... Read the Full Story |
|
Markets | | |
Outdoor and lifestyle products maker Solo Brands Inc. (NASDAQ: DTC) has grown a cultlike following under its many brands. The consumer discretionary sector company initially started by offering an ultralight and portable camp stove called the Solo Stove Lite, which could boil water ... Read the Full Story |
|
From Our PartnersBehind closed doors, away from the mainstream media's eyes, the smartest minds in crypto are all seeing the same signals. They're positioning themselves for something unprecedented.
And after 17 million podcast downloads and over 600 insider interviews, I finally connected all the dots…
What I discovered was so explosive, so potentially life-changing, that I had to put it all in a book. | | | Claim your FREE copy of Crypto Revolution now. |
|
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 |
|
Healthcare | | |
The new year brings a clean slate heading into the fourth-quarter earnings season. Companies can usually gauge if their previous forecasts were in line or need to be adjusted to warn or prepare investors ahead of time.
Some companies may partake in the guidance shuffle dance, purposely lowb... Read the Full Story |
|
From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
We’ve been taking these setups @ 10AM and so far, we've posted 28 different payouts …
Each of which were delivered at exactly 4PM as the market closed.
You see, these setups require zero oversight and have shown the power to deliver in the most chaotic market conditions.
And after a few weeks of fine-tuning … I knew it was time to let you in on The 4 PM Payout Plan.
That's why Jack Carter and I pulled back the curtain to reveal how we've been able to nail in a 96% win rate in the same window the market lost 11 trillion dollars in value. | | | We also revealed how you can find and execute these setups on your own without any help at all. |
|
Markets | | | China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven Read the Full Story |
|
Markets | | | The squabble over billion of dollars in overdraft fees that Americans get charged every year is intensifying. The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks' ability to charge customers a fee when they overdraw their bank account. Opponents... Read the Full Story |
|
Markets | | | Goldman Sachs' profits jumped 51% from a year earlier, the investment bank said Tuesday, helped by the strong returns in the overall market and its wealth management division in the last three months of the year. However the storied investment bank closed out a difficult 2023 with its profits down n... Read the Full Story |
|
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 |
|
Markets | | |
Medtronic PLC (NYSE: MDT), a member of the medical sector and the healthcare industry, received U.S. FDA approval for its implantable medical device called the Percept PC Deep Brain Stimulation (DBS) system on January 8. This system includes the PC neurostimulator, BrainSe... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. The Industrial segment provides liquid finishing equipment, paint circulating and supply pumps, paint circulating advanced control systems, plural component coating proportioners, and accessories and spare parts; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions. It also offers powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The Process segment provides pumps to move and dispense chemicals, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. It sells its products through distributors, original equipment manufacturers, and home center channels, as well as to end-users. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
|
