As the calendar flipped its pages into 2024, the spotlight again illuminated the famed 'Magnificent Seven,' a cohort of tech titans whose every move resonates throughout the market. However, this year's narrative unfolded with a twist, casting shadows of uncertainty over the once-unrivaled dominan.... |
Good MorningEquity markets were flat and mixed at the start of the week as traders prepared for the next inflation read. The CPI data is due today and is expected to be hot. The question is how hot it is and if it is enough to derail the FOMC from its current path. As it is, inflation remains well above the Fed's target rate and labor markets are healthy, giving little reason for them to cut rates despite the market expectations. The market has priced in a rate cut by June; it may not get one before fall.
Even if the CPI data is tame, the S&P 500 may have difficulty advancing. The tech stocks leading the rally have hit a ceiling that promises to cap gains at least until the next earnings cycle begins. That won't be for another four weeks, and it will be longer until names like Microsoft, Meta Platforms, NVIDIA and Advanced Micro Devices report. Until then, expect economic data to drive volatility. Featured: Elites In An Uproar Over Trump’s New Wealth Plan (Ad) 
| Technology | |
As the calendar flipped its pages into 2024, the spotlight again illuminated the famed 'Magnificent Seven,' a cohort of tech titans whose every move resonates throughout the market. However, this year's narrative unfolded with a twist, casting shadows of uncertainty over the once-unrivaled dominan... Read the Full Story |
| From Our Partners | | Project Janus is a little-known initiative with ties to the White House, U.S. Army, and Department of Energy - and it targets the entire $3.7 trillion global energy sector.
Chief Investment Strategist Adam O'Dell believes its new fuel source, set to go online before December 18, 2026, could eliminate AI power bottlenecks and grid failures. He's releasing the name and ticker of his top stock pick at no charge. | | Get the full story and claim Adam O'Dell's top stock pick free |
| Technology | |
Sea Limited (NYSE: SEA) is a Singapore-based consumer internet technology conglomerate operating in three main digital segments, which include gaming, e-commerce and financial services. The company serves the consumer cyclical sector in Southeast Asia, Taiwan, and Latin America. Sea started as an ... Read the Full Story |
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NetApp Inc. (NASDAQ: NTAP) is a data management company that enables companies to store, share and manage data on-premises and on the cloud. The Computer and Technology sector company specializes in hybrid cloud data storage, operating in 2 segments, including Public Cloud and Hybrid Cloud. Its al... Read the Full Story |
| From Our Partners | | 7 Cheap and Good Stocks to Buy Now 💰
Warren Buffett's secret? Buying quality businesses at bargain prices. Right now, 7 excellent stocks are trading at massive discounts. Including a semiconductor giant dominating automotive chips (Stock #5) and an AI software innovator generating billions (Stock #7). | | Don't miss out on these incredible opportunities. |
| Technology | |
Despite the market's struggles with traction, signs of an imminent rebound grow for Ambarella (NASDAQ: AMBA). The Q4 results were solid despite the YOY contraction, and the guidance catalyzed a shift among analysts. The analyst's sentiment toward Ambarella has been steady at a Moderate Buy for yea... Read the Full Story |
| Retail/Wholesale | |
ON Holding's (NYSE: ONON) stock price is down 15% following the Q4 results and presents a solid buying opportunity. The move is alarming and may impact the price action in the near term, but technical and fundamental factors suggest higher prices will come over time.
Among them is the company&rs... Read the Full Story |
| From Our Partners | | One company has spent 60 years developing an energy source the International Energy Agency estimates at 140 times global electricity demand - with zero competition.
Last year, their crew drilled in 16 days what the government projected would take 64. Now Google has a 15-year deal locked in, Bill Gates has committed $100 million, and the Pentagon has made it a top priority. On August 18th, a new Washington policy adds another advantage rivals cannot match. | | See the full story behind the 60-year energy monopoly |
| Consumer Discretionary | |
It's not 2021, but GameStop Inc. (NYSE: GME) is giving its loyal band of traders a familiar feeling. Between February 22 and March 6, 2024, GME stock surged about 18%. The surge didn't last, and the stock is down about 10% since reaching a high of $15.81.
The question is, why? The company's News... Read the Full Story |
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Oracle’s (NYSE: ORCL) launch of Gen-2 Cloud services was slow, but the focus on quality over quantity is paying off. The company’s Q3 results and outlook confirm the 2nd wave of AI is here. The wave where all those chips NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) pr... Read the Full Story |
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Semiconductor stocks are surging thanks to the artificial intelligence (AI) boom driven by Nvidia Co. (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD). The VanEck Semiconductor ETF is up 28.66% year-to-date (YTD). It’s tough to find a group of semiconductors in the computer and t... Read the Full Story |
| Consumer Discretionary | |
Uncertain stock market times tend to drive wealthy investors and the institutions that typically manage their money into safer, low-beta stocks with a good story. Today, the apparel sector could be a top recommendation at investment houses like Fisher Asset Management. While you can blindly pick s... Read the Full Story |
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Reddit, soon to be traded on the New York Stock Exchange under the ticker symbol "RDDT," is widely known as the self-proclaimed "front page of the internet." The company is preparing for an initial public offering (IPO) that has generated excitement and apprehension among investors on Wall Street,... Read the Full Story |
| Wednesday's Early Bird Stock Of The Day Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. It also provides 24-hour grace, asterisk-free checking, money scout, $50 safety zone, standby cash, early pay, instant access, savings goal getter, and Huntington heads up; digitally powered consumer and business financial solutions to consumer lending, regional banking, branch banking, and wealth management customers; direct and indirect consumer loans, as well as dealer finance loans and deposits; and private banking, wealth management and legacy planning through investment and portfolio management, fiduciary administration and trust, institutional custody, and full-service retail brokerage investment services. The company offers equipment financing, asset-based lending, distribution finance, structured lending, and municipal financing solutions, as well as Huntington ChoicePay. In addition, it offers lending, liquidity, treasury management and other payment services, and capital markets; government and non-profits, healthcare, technology and telecommunications, franchises, financial sponsors, and global services; and corporate risk management, institutional sales and trading, debt and equity issuance, and additional advisory services. The company offers its products through a network of channels, including branches and ATMs, online and mobile banking, and through customer call centers to customers in middle market banking, corporate, specialty, and government banking, asset finance, commercial real estate banking, and capital markets. The company was founded in 1866 and is headquartered in Columbus, Ohio. | | View Today's Stock Pick |
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