Good MorningThe sell-off in equities gained momentum on Wednesday, with the S&P down another half percent. The move is due to the growing certainty the FOMC won't cut interest in Q1 or even in Q2. As is, higher-for-longer means June or later and later is a significant possibility. Inflation has subsided, but recent data suggests a trough in the data is forming that could leave high rates in place through the end of the year.
The S&P 500 is struggling with resistance and may be unable to move higher. Even if Q4 earnings are better than expected, the outlook for EPS growth this year is expected to deteriorate. That situation could leave the index range bound with a chance of selling off sharply. Without a bullish catalyst, the odds are high that January will end with equities flat to down, signaling a lackluster year for stocks in 2024. Featured: SAGA Metals nears a key milestone in critical minerals race (Ad) 
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Industrials | |
Airlines were an epicenter industry during the pandemic, along with the travel and leisure industries. The need to stop the spread of COVID-19 warranted social distancing and stay-at-home restrictions, causing many industries to shut down as customers stayed home and workers were required to stay ... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Finance | |
The days of open outcry commodity trading are nearly extinct, as most of today's trading takes place behind a desk and through online brokerages. However, the traders that ascended from these pits took with them some of the same principles that they learned at places like Chicago, where most optio... Read the Full Story |
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Consumer Discretionary | |
A downgrade isn't necessarily bad, just like an upgrade isn't always a reason to buy.
Sometimes, downgrades or downward revisions to price targets are a natural and healthy part of market mechanics. In that scenario, a trimmed target may impact the price action today but set up a buying opportun... Read the Full Story |
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From Our Partners | | Trader Chris Pulver says a new SEC document dropping the day-trading limit to $2,000 has created the biggest retail opportunity he has seen in over 30 years.
His strategy targets what he calls Flashpoints - moments when market makers must move billions of dollars on the S-P 500 in a narrow window. Research shows one recent signal would have returned 83.7% in 36 minutes and another 62.8% in 51 minutes.
Lance Ippolito flew to Utah for a full breakdown of the method. | | Tap here to see the complete Flashpoint trading breakdown now |
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Industrials | |
Good traders ride the trend; they were the ones who came up with the saying, "The trend is your friend."
While they may successfully ride the waves in the big market movers, those who take on the so-called "pain trades" write home about the stupidly massive amounts of money they extract from the... Read the Full Story |
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Markets | | When preparing a winning meal, careful selection of the right ingredients is paramount. The same can be said about building a winning investment portfolio.
Once a money-making strategy has been established, the next step is to choose investment vehicles that are built to take you where you want to ... Read the Full Story |
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From Our Partners | | Lance Ippolito spent nearly two decades trading the markets, appearing on MoneyShow, Cheddar TV, CNN Money, and MarketBeat.
His free guide, Options Trading Explained, covers two tickers pros call their secret weapon, Wall Street's daily hidden edge, and a strategy that targets payouts around 4 PM ET.
It also explains how to avoid overnight risk when trading options. | | Download your free options trading guide now |
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Healthcare | | After CVS Health Corp. (NYSE: CVS) said it would shutter dozens of pharmacies in Target Corp. (NYSE: TGT) stores, the stock immediately declined by 3%, but in the January 16 session was bucking the broad market downturn with a gain of 0.71%.
Overall, the retail pharmacy industry has been fighting a... Read the Full Story |
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Industrials | |
They say that you can't or at least should not try to time the markets since you can often find yourself trying to catch a falling knife. That statement has a lot of truth since investors are not that likely to buy the bottom and sell the top. However, you can use fundamental trends to help you un... Read the Full Story |
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Finance | |
Having delivered a miss in last October's Q3 report, investors would have been expecting a strong bounce back from Goldman Sachs Group, Inc. (NYSE: GS) ahead of this morning's Q1 release. The banking giant came in strong with a solid beat on both headline numbers, with their EPS landing 40% higher... Read the Full Story |
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Technology | |
Identifying the right dividend stock for your investment strategy can be like finding a needle in a haystack. You know you want an equity that makes regular cash payouts — but where do you go from there?
After all, nearly 2,000 U.S. common stocks pay a dividend. And another 800 U.S.-listed... Read the Full Story |
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Technology | |
It's perhaps a sign of the times that we are once again seeing tech stocks defy gravity. With inflation looking increasingly tamed and expectations continuing to rise for a rate cut from the Fed, tech stocks are enjoying their biggest run since 2021. The risk-on sentiment, which came flooding back... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats. The company also provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada. | | View Today's Stock Pick |
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