Good MorningEquity markets kicked off the 2024 trading year on a sour note, with the S&P 500 falling about 1% at the session low. The move is partly due to a downgrade for Apple that shaved more than 4.25% off of its price. Barclays downgraded the stock to Underweight, citing concerns about hardware sales centered on the iPhone. At the same time, the VIX advanced to show a bottom and a high potential for a market reversal. The combination of weak S&P action and rising VIX suggests a top has been hit for equities that may result in a deep correction.
The primary catalyst this week, aside from the turning of the year, will be the NFP report on Friday. The NFP is expected to align with the outlook for a soft landing and may get the S&P 500 back into rally mode. If not, the market is heading lower in the first month of the year, which points to a soft first half followed by a rebound in the second, just like in 2023. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Finance | |
With Bitcoin rallying to its best levels in two years, ahead of the deadline for regulators to approve the first-ever Bitcoin spot exchange-traded fund, Ark fund manager Cathie Wood has been selling some crypto-related securities like Coinbase Global Inc. (NASDAQ: COIN), while buying others, such ... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Markets | |
As the world's financial sector continues to grow and evolve, investing in bank ETFs has become a popular way for investors to gain exposure to the banking industry. Bank ETFs are exchange-traded funds that track the performance of a specific index or a basket of bank stocks. Knowing which bank ET... Read the Full Story |
|
Technology | |
Determining Apple's stock worth involves analyzing where the company invests its money. Investors looking for companies with the potential to dominate new markets may look for aggressive growth stocks that invest profits back into operations. However, more conservative investors looking to see a m... Read the Full Story |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
Business Services | |
Amprius Technologies (NYSE: AMPX) stock price action over the past year or so is not surprising. It is an early-stage tech start-up whose IPO left little meat on the bone for new investors. However, unlike most tech start-ups, this one has a viable, market-disrupting technology that is increasingl... Read the Full Story |
|
Auto/Tires/Trucks | |
Camping World (NYSE: CWH) cut its dividend by 80%, and the shares fell 50% because of it, but the cut is a good thing. The cuts weren’t made because the company couldn’t pay but because it used cash flow for growth. At the same time, share prices have fallen considerably since the anno... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Technology | |
Very few times in history have investors come across a stock that offers the sort of moat that Warren Buffett could salivate over, a strong business with solid financials and a structure protecting it from competition that is always threatening to overtake its position in the market. Today, Alphab... Read the Full Story |
|
Retail/Wholesale | |
With a 20% rally under its belt since October, it goes without saying that McDonald's Corp (NYSE: MCD) is coming into 2024 looking pretty hot. After a disappointing Q3 threatened to spiral out of control, the year's final quarter came to the rescue, and the stock is currently within a few dollars ... Read the Full Story |
|
Markets | |
Penny stocks can get the market’s attention, if nothing else. These speculative plays offer exponential returns for the strong-of-heart and provide ample opportunities for traders. Volatility is the name of the game with penny stocks; a few cents' of movement in either direction is easy on a... Read the Full Story |
|
Retail/Wholesale | |
The fast-casual dining segment is part of the consumer discretionary sector. The segment is no stranger to acquisitions and mergers. Restaurants that have grown to become iconic fixtures, having carved out a special niche and stood the test of time, can be attractive takeover targets. On the other... Read the Full Story |
|
Consumer Staples | |
Markets shift according to a straightforward selection process; as money becomes interested in better instruments or investments, money as a whole begins to rotate into different areas of the economy. As the yardstick changes, money changes its preferences as well; here is where the yardstick is t... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio. | | View Today's Stock Pick |
|
