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: Gold Is About to Do Something It Hasn’t in 90 Years (Ad) 
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Medical | |
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 (YOY) ... Read the Full Story |
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From Our Partners | | Larry Benedict generated $274 million for his clients by finding the trades most investors missed. Now he says 'The Final Phase of Elon's Master Plan' is about to trigger one of the biggest wealth transfers in market history.
He's identified one ticker positioned to capture it - and it isn't SpaceX or Tesla. He's releasing the name for free, but the window is closing. | | Get the full details and the ticker name before access closes |
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Finance | |
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 blockbus... Read the Full Story |
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Technology | |
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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From Our Partners | | If a stock trades at $300, most investors assume they need $300 per share. Sean Allison says that assumption may be costing you opportunities.
He's running a free training called the Zero-Dollar Trade Advantage, walking through a strategy for traders who've passed on positions simply because the price seemed out of reach. | | Reserve your seat now and rethink how you approach capital requirements |
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Construction | |
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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Consumer Discretionary | |
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 $954.51 ... Read the Full Story |
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From Our Partners | | OpenAI - the company behind ChatGPT - has begun filing confidential paperwork for what could be the largest IPO in American history.
But in nearly every major tech IPO of the last 15 years, day-one buyers underperformed. A small group using a lesser-known pre-IPO strategy made as much as 3,900% instead. Senior Technology Analyst Luke Lango calls it the Pre-IPO Backdoor - and it's opening again. | | Get the full story and a free ticker you can invest in today |
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Retail/Wholesale | |
Investors hoping to see Home Depot’s (NYSE: HD) stock price move higher in 2024 may have to wait until later for it to happen. As bullish as the recent break-out was, the ensuing pattern is a Rising Wedge, and now the market is falling. The Q4 results and guidance are mixed. The company isn&... Read the Full Story |
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Retail/Wholesale | |
3M (NYSE: MMM), International Business Machines (NYSE: IBM), Realty Income Inc. (NYSE: O), Target Corp. (NYSE: TGT) and the Southern Company (NYSE: SO) are among dividend aristocrats with a history of increasing shareholder payouts for a history of increasing shareholder payouts for 25 years or m... Read the Full Story |
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Technology | |
Spotify Technology S.A. (NYSE: SPOT) is trading at its best levels since December 2021 on the strength of hardy revenue growth and a return to profitability.
Spotify is a global music streaming service with 236 million paying subscribers. It went public in 2018, so is still in that zone when it&... Read the Full Story |
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Technology | |
Informatica Inc. (NASDAQ: INFA) offers its artificial intelligence (AI) platform for enterprises to unify and manage their data to unlock transformative outcomes. The computer and technology sector company develops data management and integration tools through its AI-powered Intelligent Data Manag... Read the Full Story |
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Technology | |
Everyone essentially gave up on the semiconductor stocks since the demand for chips came down due to bottlenecks caused by disrupted supply chains during the peak months of the COVID-19 pandemic. Now that the United States economy is staring down a likely boom in the manufacturing sector, alongsid... 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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