Good MorningEquity markets fell for the 2nd trading day in January, marking the start of what could become a significant contraction for the S&P 500. The index shows signs of topping below critical resistance with a growing consensus that January will be a hard month for mega-cap stocks. Names from Apple to Amazon are moving lower as investors shed holdings in overcrowded names to raise capital. The thought is that a rut in the first half will quickly lead to a market bottom and the next great entry point for index investors.
Among the signs of impending doom are the VIX and non-cyclical safe-haven stocks like the Consumer Discretionaries. Both move higher, indicating rising fear and a high probability of stock market correction. If the market can't regain traction soon, downward momentum could build in the broader market. In this scenario, the S&P 500 could correct as much as 20% or more with or without a recession.
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Communication Services | |
By the end of 2023, the Magnificent 7 stocks, Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT), Alphabet Inc. (NASDAQ: GOOGL), Amazon Inc. (NASDAQ: AMZN), Nvidia Corp. (NASDAQ: NVDA), Meta Platforms Inc. (NASDAQ: META) and Tesla Inc. (NASDAQ: TSLA) accounted for 33% of the S&P 500's m... Read the Full Story |
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From Our Partners | | Elon Musk just called Anthropic the clear leader in AI, admitting its Mythos model surpasses anything he's built.
Anthropic's valuation has doubled since the news, with estimates as high as 3 trillion by IPO day. Google, Amazon, Microsoft, Nvidia and major banks all hold stakes.
Revenue grew 80 times in the first quarter alone, and the IPO could arrive as early as this October. | | See how to get access to this AI IPO before it goes public |
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Technology | |
The beginning of a new year also means that a new earnings season is right around the corner. Every earnings season seems "the most important earnings season" for investors. But when every stock is important, it's hard to focus on the important stocks.
One way to help you filter out the noise i... Read the Full Story |
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Consumer Staples | |
How do you invest in farmland? The answer might be easier than you think.
Farmland isn't high on the list of sectors that come to mind when considering investing, but farms provide essential services. Not only do they supply us with food, but they also offer new opportunities for those who know ... Read the Full Story |
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From Our Partners | | Riot Platforms just struck a 20-year, 191-megawatt data-center agreement tied to Anthropic, reportedly worth 9.1 billion dollars, according to CNBC.
Before any Anthropic IPO arrives, one publicly accessible vehicle already lists Anthropic as its largest holding, available through a regular brokerage with no accredited-investor requirement.
History showed how fast access tightened once SpaceX became a headline name. Alexander Green of The Oxford Club says this window is open now. | | Learn about this early Anthropic access opportunity before it closes |
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Finance | |
Perhaps you've heard a bit about interest rates over the last year. The Federal Reserve's aggressive approach to rate hikes has hindered some market sectors, but the banking industry isn't one of them. So, are bank stocks a good buy right now?
In this article, we'll evaluate bank stocks and disc... Read the Full Story |
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Consumer Discretionary | |
The answer everyone is looking for in today's market is one that potentially positions portfolios in a way to benefit from the coming FED interest rate cuts in 2024. Because markets are forward-looking, meaning they reflect today based on tomorrow's expectations, here is what can be said to bring ... Read the Full Story |
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From Our Partners | | Wall Street is racing into prediction markets. Robinhood calls them one of its fastest-growing businesses, and Intercontinental Exchange has committed up to $2 billion to one leading platform.
Bernstein projects the market could grow from roughly $50 billion in annual trading volume today to nearly $1 trillion by 2030, and most leaders in this space are still privately held.
One tiny public company just partnered with a major exchange boasting over 100 million registered users, secured U.S. regulatory approval, and launched a new institutional trading division. | | Get the full breakdown on this emerging prediction market opportunity now |
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Industrials | |
UniFirst (NYSE: UNF) had a decent first quarter but provided weak guidance, sending shares down nearly 10%. As bad as the move sounds, it’s a knee-jerk reaction in a stock whose future is bright. While guidance was weak, the company continues to expect growth and margin improvement driven by... Read the Full Story |
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Consumer Discretionary | |
On two occasions last year, Under Armour, Inc. (NYSE:UAA) came within pennies of recovering to the $10.00 level. In 2024, the third time may not only be the charm but also unleash an extra large comeback for the downtrodden active apparel marker.
The stock’s inability to reclaim $10.00 desp... Read the Full Story |
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Markets | |
The first day of 2024 trading has come and gone, and the signs they sent are not good. Between market leaders confirming a top, the S&P 500 (NYSEARCA: SPY) retreating, and the VIX (NDEXCBOE: VIX) showing a bottom, there is a good chance the market will move lower in the year's first half. That... Read the Full Story |
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Technology | |
After falling more than 50% in 2022, last year really was all about the recovery for shares of Intel Corporation (NASDAQ: INTC). They climbed throughout the year, finishing up about 100% from their February low. As the markets settle into 2024, expectations are high for that trend to continue.
I... Read the Full Story |
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Technology | |
As the digital currency giant Bitcoin surges beyond the $44,000 breakout mark and eyes higher prices and continuation, long-term participants hold their breath in anticipation and excitement.
Much like the thrill of a rollercoaster ride, the cryptocurrency market's volatility and thrill captivat... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier scheduled passenger services. The company offers scheduled flight and cargo services. As of September 30, 2023, it operated a fleet of 80 aircraft with approximately 296 daily departures to 86 cities in the United States and Mexico. Mesa Air Group, Inc. was founded in 1982 and is headquartered in Phoenix, Arizona. | | View Today's Stock Pick |
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