Good MorningEquity markets retreated for the 3rd day on Wednesday as investors weighed details from the FOMC minutes. The minutes reveal a Fed uneasy about cutting interest rates because of the inflation risk. Economic activity is steady and on track for a soft landing; easing up on rates too soon would reinvigorate activity and inflation. In that scenario, the FOMC would have to hike rates again soon and possibly keep them there indefinitely. As it is, higher for longer may mean longer than the market is pricing.
Earnings from tech giant NVIDIA will be the driving force for market activity on Thursday. The risk is expectations. In the last twelve months, the market has pushed NVIDIA's share price up 360% on ramping AI activity and may have outrun reality. Even with a blowout report, the market is overbought, and the trade is crowded, setting it up for correction. Without NVIDIA and big tech to drive it, the S&P 500 may have nowhere to go but lower. Featured: This Stock Could Go Up 66% or More. (Chaikin Analytics) 
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Stocks | | | Japan’s benchmark Nikkei 225 index surged Thursday past the record it set in 1989 before its financial bubble burst, ushering in an era of faltering growth. The index closed Thursday at 39,098.68, up 2.2%. Its previous record was 38,915.87, set on Dec. 29, 1989. So now it is back to where it was 34 ... Read the Full Story |
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Just a few days before the Super Bowl kicked off in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) put the spotlight on Vegas in a different way. The Las Vegas-based company delivered its fourth quarter earnings report. The headline results showed earnings per share of $1.66 on revenue of $95... Read the Full Story |
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Stocks | | | Asian markets were mixed on Friday after Nvidia delivered stunning results, setting off a rally in other technology companies that carried Wall Street to another record high. Tokyo’s markets were closed for a holiday, a day after they surged to an all-time high. U.S. futures rose while oil prices fe... Read the Full Story |
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What’s in your wallet? In the not-so-distant future, it might be a card issued by the combined entity of Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS).
Capital One offered to buy Discover for $35.3 billion in an all-stock deal. This would be a blo... Read the Full Story |
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Stocks | | | Japan’s Nikkei 225 share index surged briefly to an all-time high on Thursday, bypassing its previous record set in December 1989. By midday Thursday, the index was up 1.6% at 38,861.98 after earlier trading as high as 38,924.88. The Nikkei 225's previous record was 38,915.87, just before Japan’s bu... Read the Full Story |
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One of 2021's favorite meme stocks is falling on hard times. Teladoc Health Inc. (NYSE: TDOC) stock is down more than 22% in early morning trading after the company delivered a poor outlook for 2024.
Teladoc generated $660.50 million in revenue for the fourth quarter, a 4% year-over-year (... Read the Full Story |
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Palo Alto Networks (NASDAQ: PANW) significantly shifted, causing the entire cyber security universe to move lower. The shift is toward platformization. The goal is to attract more long-term business by consolidating existing services and products into a signal platform and enticing them with freeb... Read the Full Story |
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The latest mortgage data is tepid, to say the least, but Toll Brothers (NYSE: TOL) stock is still a buy. Whether the housing market normalizes or not, there is still demand for homes, and management is skillfully threading the needle between conditions and profits. Takeaways from the Q4 report inc... Read the Full Story |
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Markets | | | The German government said Europe's largest economy was in “troubled waters” and slashed its growth forecast for this year as it struggles with a lack of skilled labor, excessive bureaucracy, high interest rates and lagging investment in new projects — while a relatively modest set of tax breaks for... Read the Full Story |
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Markets | | | Japan's exports surged a stronger than expected nearly 12% in January, helped by robust demand for vehicles, auto parts and machinery. That helped the nation’s trade deficit shrink to 1.76 trillion yen ($12 billion), or about half of what it was a year earlier.Imports, which have been declining on-m... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Brookfield Business Partners L.P. is a private equity firm specializing in acquisition. The firm typically invests in business services, infrastructure services, construction, energy, and industrials sector. It prefers to take majority stake in companies. The firm seeks returns of at least 15% on its investments. Brookfield Business Partners L.P. was founded in 2016 and is based in Hamilton, Bermuda. Brookfield Business Partners L.P. operates as a subsidiary of Brookfield Corporation. | | View Today's Stock Pick |
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