Good MorningEquity markets hit a ceiling last week that may cap gains in the coming weeks. Hot CPI, PPI, and Import price data point to sustained high inflation and the possibility of accelerating inflation. This situation has sparked a reset of FOMC expectations, which includes pushing back the timeline for interest rate cuts. Now, the market expects a single cut by early summer and the possibility of two by summer's end. If the data doesn't improve, the timeline will be pushed back again.
The takeaway for investors is that the outlook for S&P 500 earnings growth in 2024 is no good. The market expects a significant earnings acceleration in the back half, primarily in Q4, which may not come if the FOMC doesn't cut rates. In this scenario, a rapidly deteriorating outlook for earnings growth could sap investor appetite, and there are other risks. The weaker-than-expected retail sales figure suggests a poor showing from the retail sector and another headwind for equities.
Featured: The case for trading fewer setups, not more (Ad) 
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Finance | |
Robinhood Markets Inc. (NASDAQ: HOOD) is an online brokerage and financial services company that offers commission-free stock, exchange-traded funds (ETFs), and options trades with access to cryptocurrencies through its mobile app platform. The simplified interface caters to new and small investor... Read the Full Story |
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From Our Partners | | Oracle runs 15,000 stocks through the same filter every single day, scanning for precise setups before the opening bell - no emotion, no guesswork.
Tim Bohen, Lead Trainer at StocksToTrade, is walking through this week's flagged setups and showing exactly how the scanner works in a live training right now. | | Watch the scanner in action and join the live training now |
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Medical | |
Medicare Advantage plans have been making headlines in 2024, but not in a positive light, at least for health insurance companies. Medicare is a government-sponsored health insurance benefit; generally for retired people aged 65 and older. For most, the money for Medicare Part B medical insurance ... Read the Full Story |
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Consumer Discretionary | |
Super Bowl 58 was the most watched Super Bowl and telecast in history. It had an average of 123.4 million viewers across all platforms, which included Paramount Global (NASDAQ: PARA) owned CBS Television Network, CBS Sports, Paramount+, Nickelodeon, Univision, and NFL+. CBS was the big winner, wit... Read the Full Story |
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From Our Partners | | Every morning before the market opens, a scanner called Oracle runs through 15,000 stocks and scores the setups — so there's already a plan in place by 6:15 a.m.
Lead Trainer Tim Bohen of StocksToTrade is walking through exactly how Oracle works and how regular traders are using it in a training running right now. | | Watch the Oracle training now and see how the scanner works |
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Finance | |
Not all stocks are created equal, and this year energy stocks could quickly become the market's favorite. A once-in-a-cycle opportunity to line up your portfolio with all the macro forces at play could be right around the corner. Some analysts, who are expecting a new rally, have already begun to ... Read the Full Story |
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Finance | |
The cryptocurrency industry is having a moment. Crypto trading platform Coinbase Global Inc. (NASDAQ: COIN) is up 29% in February, following a profitable quarter that beat estimates by a wide margin.
You can see those results on MarketBeat’s Coinbase Global earnings page.
Other crypto sto... Read the Full Story |
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From Our Partners | | The U.S. government has taken roughly a 10% stake in Intel, negotiated a 15% cut of Nvidia and AMD chip sales to China, and reportedly received a 5% ownership offer - worth around $40 billion - from the most valuable AI company on earth.
Porter Stansberry calls it the New U.S.A.I. - a state-backed arrangement where Washington and a handful of tech giants are fused at the balance sheet. A small number of companies get pulled inside. Everyone else gets frozen out, including names sitting in your index fund right now. | | Watch the documentary to see which companies are on the right side |
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Technology | |
Procore Technologies Inc. (NYSE: PCOR) is a construction management software platform serving civil, commercial and residential markets. It helps manage workflows, costs and communication between owners, project managers and contractors from conception to completion. In 2018, the construction comp... Read the Full Story |
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Technology | |
In the ever-changing arena of investing, opportunities often arise in unexpected places. While big-name companies like Nvidia grab the headlines with their meteoric rises, a lesser-known but equally promising segment within the semiconductor sector is catching the attention of savvy investors.
In... Read the Full Story |
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Consumer Discretionary | |
The DraftKings Inc. (NASDAQ: DKNG) share price fell more than 5% following the Q4 release and guidance update, and it could be bad news for investors.
A 5% move is substantial for an equity stock and may lead to a deeper correction or even a reversal in the price action. However, as bad as that ... Read the Full Story |
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Technology | |
Cisco Systems (NASDAQ: CSCO) issued a decent FQ2 report but guided lower for Q3, leaving the market less than inspired. However cold the guide, someone is stepping into the buy the dip, and it looks like long-term oriented value-minded income investors are the culprit. Weak results or not, the com... Read the Full Story |
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Technology | |
Arista Networks Inc. (NYSE: ANET) may not be as well known among tech investors as Cisco (NASDAQ: CSCO), but it's outperformed its larger rival by a wide margin in the past year.
Arista posted fourth-quarter results that topped analysts' views after the closing bell on February 12. Guidance was h... Read the Full Story |
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Monday's Early Bird Stock Of The Day Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide. It operates through four segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. The Body Exteriors & Structures segment provides body and chassis system, battery enclosures, and engineering and testing; and exteriors, including fascia and trims, front end modules, integration panels, liftgate modules, active aerodynamics, engineered glass, running boards, truck bed access products, breakthrough lightings, side doors, and greenhouse products. The Power & Vision segment offers electric drive systems and components, such as emotors, inverters, onboard chargers, gearboxes, and e-clutch; dedicated hybrid drives, dual and hybrid dual clutch, and manual transmissions; AWD/4WD products and rear drive modules; transmission, driveline components, and ICE; far camera module, remote camera heads, interior sensing camera, radars, thermal sensing, and domain controllers; interior and exterior mirrors, camera monitoring system driver/occupant monitoring systems, and smart actuators; forward and rear lighting, and lit grilles/panels/displays; latching system, door modules, charge port doors, power system, hinges, and door handles; and modular and textile folding roofs, and hard and soft tops. The Seating Systems segment provides seat structures, mechanism and hardware solutions, and foam and trim products. The Complete Vehicles segment offers vehicle engineering and manufacturing services. Magna International Inc. was founded in 1957 and is headquartered in Aurora, Canada. | | View Today's Stock Pick |
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