Good MorningEquity markets tried to rebound on Thursday, but the move was weak and short-lived. The S&P 500 gained about a half percent at the session's high but closed the day with a loss of 0.35%. The move may turn into a deeper rout today following the NFP report. If it aligns with labor data released this week, it will reaffirm the idea that the FOMC will keep interest rates higher for longer. In this scenario, the FOMC is on track to cut rates in 2023, but when and why are yet to be seen. As it is, the first cuts aren't likely until later in the year.
Next week starts peak earnings season, but don't get too excited yet. The reports will come out in dribbles until Friday, when reports from the big banks are due. The general expectation is that banks generate solid profits due to higher interest rates and can sustain capital returns. The question is how the consumer is holding up. If the banks reveal a weakened or weakening consumer, the sell-off in equities could gain momentum regardless of bank earnings.
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Finance | |
Coinbase Global Inc. (NASDAQ: COIN) is the largest publicly traded cryptocurrency exchange in the U.S. It is arguably the most trusted and stable exchange due to its regulatory transparency and liquidity. As a member of the financial services sector, Coinbase is considered the crypto exchange of c... Read the Full Story |
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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 |
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Transportation | |
The aviation sector, marked by its susceptibility to economic fluctuations and global events, holds both promise and caution for investors. As the dust settles from the turbulence brought about by the COVID-19 pandemic, investors are eyeing American Airlines with a critical lens, evaluating whethe... Read the Full Story |
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Consumer Discretionary | |
You've probably heard of growth stocks before, but what is a growth stock mutual fund? When buying individual stocks, there's always the risk that a bad earnings report could significantly hurt the share price.
But that risk is mitigated when a basket of stocks is held, and growth stock mutual f... Read the Full Story |
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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 |
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Transportation | |
"Is Delta Air Lines stock a buy?" is a question frequently asked by investors.
Delta Air Lines is one of the world's largest airlines, and its stock has been relatively volatile in recent months. The company has benefited from a strong recovery in air travel, and its financial results have been ... Read the Full Story |
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Markets | |
If you're like most investors, retirement is one of your major financial goals. However, the road toward retirement can often seem overwhelming and confusing — especially regarding the many types of retirement accounts you can use to invest. An individual retirement account (IRA) is a tax-ad... Read the Full Story |
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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. |
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Consumer Discretionary | |
The United States economy has pumped out two consecutive quarters of real GDP growth because it is still very positive even after you adjust for inflation. This is good for stocks but better for certain stocks, such as those exposed to the consumer discretionary cycle. Speaking of which, here's wh... Read the Full Story |
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Finance | |
The stock market is like a bustling stage, and on the first trading day of the year, one performer stole the show while others struggled to keep up.
The iShares Biotechnology ETF (NASDAQ: IBB) emerged as a standout star, closing the first day of the year with a solid upswing of nearly 4%. In sta... Read the Full Story |
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Technology | |
The S&P 500 and other major indexes are getting off to a slow start to kick off the new year. Some of 2023’s leading stocks including Tesla Inc. (NASDAQ: TSLA), Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), Micron Technology Inc. (NASDAQ: MU), Apple Inc. (NASDAQ: AAPL) and Meta Platf... Read the Full Story |
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Consumer Staples | |
Investors looking for value and yield have no further to look than the Consumer Staples sector. The sector corrected sharply in the second half of 2023 and now, even after rebounding smartly, provides a value relative to historical norms and the pandemic bubble. The takeaway is that the sector as ... Read the Full Story |
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Retail/Wholesale | |
Walgreens Boots Alliance (NYSE: WBA) is the ugliest dog of them all. This Dow stock fell 31% for the year, making it the worst-performing member of the index. The move put the yield near 8% and the value as good, making it an attractive play for value-minded income and Dogs of the Dow investors. H... Read the Full Story |
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Friday's Early Bird Stock Of The Day Wave Life Sciences Ltd., a clinical-stage biotechnology company, designs, develops, and commercializes ribonucleic acid (RNA) medicines through PRISM, a discovery and drug development platform. The company's RNA medicines platform, PRISM, combines multiple modalities, chemistry innovation, and deep insights into human genetics to deliver scientific breakthroughs that treat both rare and prevalent disorders. It is developing WVE-006, a RNA editing oligonucleotide for the treatment of alpha-1 antitrypsin deficiency; siRNA clinical candidate for the treatment of obesity and other metabolic disorders; WVE-N531, a exon skipping oligonucleotide for the treatment of duchenne muscular dystrophy; and WVE-003, an antisense silencing oligonucleotide for the treatment of Huntington's disease (HD). The company has collaboration agreements with GlaxoSmithKline for the research, development, and commercialization of oligonucleotide therapeutics; Takeda Pharmaceutical Company Limited for the research, development, and commercialization of oligonucleotide therapeutics for disorders of the Central Nervous System; and Asuragen, Inc. for the development and potential commercialization of companion diagnostics for investigational allele-selective therapeutic programs targeting HD. Wave Life Sciences Ltd. was incorporated in 2012 and is based in Singapore. | | View Today's Stock Pick |
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