Good MorningEquity markets continue to tread water near critical resistance. Thursday's action was driven by an as-expected read on consumer inflation that reinforces the idea the FOMC will start cutting interest rates soon. The risk is that rapidly slowing inflation will turn into receding inflation and drive the Fed to make aggressive cuts. In that scenario, the release of pent-up demand in the housing sector could send inflation back to record highs.
Next week will bring another hurdle for market participants. The monthly labor data is due out and will either confirm persistent labor market strength and wage inflation or show eroding business activity. In either case, the S&P 500 earnings growth outlook will suffer and cap gains for equities. As it is, the range-bound S&P 500 is trading near critical resistance, showing a string of Spinning Tops with deteriorating indicators with a substantial risk of correction. Featured: This Nanotech Could Potentially Disrupt a $3.7 Billion Market (FendX Technologies Inc) 
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Markets | | | If investing were a high-stakes poker game, blue chips would be the ace up your sleeve. But in the unpredictable financial markets, where risk and reward often go hand-in-hand, are these market veterans indeed the gold standard for a prudent investment strategy? Or are you better off rolling th... Read the Full Story |
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Times when the market begins to send you mixed signals should not be ignored, and today, there is a huge one flashing right at you. Most investors will miss this connection, but you are not like most investors; you came to the right place to get data-driven answers for your portfolio.
The United ... Read the Full Story |
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Stocks | | | A broad rally on Wall Street closed out a fifth straight week of gains for the market Friday, driving the S&P 500 to its highest level in more than a year.The benchmark index rose 0.6%, eclipsing its previous high for the year set in July. The Dow Jones Industrial Average closed 0.8% higher, whi... Read the Full Story |
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Salesforce.com (NYSE: CRM) has been a brutal trade over the past year or two. The stock price came under pressure following the pandemic bubble, and fears of slowing growth amplified the effect. Each time the company produced better-than-expected results, bears sold into the rally, creating a stri... Read the Full Story |
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Markets | | | Europeans again saw some relief as inflation dropped more than expected to 2.4% in November, the lowest in over two years, as plummeting energy costs have eased a cost-of-living crisis but higher interest rates squeeze the economy's ability to grow.Inflation for the 20 countries using the euro curre... Read the Full Story |
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From Our PartnersIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar.
According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars. | | | | Click here to see the three simple steps to take |
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There are some concerns that Five Below (NASDAQ: FIVE) is overvalued, trading at 34X this year's earnings, but some factors suggest this stock is still undervalued relative to peers and its outlook. The company is well-positioned in the off-price retail space, resonating with consumers and is on t... Read the Full Story |
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Markets | | | An official survey of Chinese manufacturers shows that factory activity contracted for a second straight month in November, an indicator of weak demand despite various stimulus measures aimed at supporting the economy. The official manufacturing purchasing managers’ index fell to 49.4 in November, d... Read the Full Story |
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Markets | | | The OPEC oil cartel led by Saudi Arabia and allied producers including Russia made another big swipe at propping up lagging crude prices Thursday, expanding some output cuts into next year and bringing up-and-coming oil supplier Brazil into the fold.Lower oil prices have been a good thing for U.S. d... Read the Full Story |
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Markets | | | Nigeria’s leader on Wednesday presented a 27.5 trillion naira ($34.8 billion) spending plan for 2024 to federal lawmakers, with a focus on stabilizing Africa’s largest but ailing economy and tackling the nation's deadly security crisis.The primary objective of the proposed budget is to sustain the “... Read the Full Story |
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General Electric’s (NYSE: GE) Vernova unit- to be spun off early in the second quarter of 2024, has been putting together the pieces of a lithium-battery business with implications for not only EVs, but the entire power grid.
In mid-November, GE Vernova inked a deal with Michigan-based ener... Read the Full Story |
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Friday's Early Bird Stock Of The Day Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry. In addition, it offers technical inspections of records and claims investigation, diligence services, finality solutions to Lloyd's syndicates and management, as well as broker replacement, claims resolution, and incentive-based collection services for reinsurers and Lloyd's syndicates. The company was formerly known as Castlewood Holdings Limited and changed its name to Enstar Group Limited in January 2007. Enstar Group Limited was founded in 1993 and is headquartered in Hamilton, Bermuda. | | View Today's Stock Pick |
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