Good MorningEquity markets advanced following as-expected inflation data and a shift in Fed policy. The Fed indicated rate cuts are likely in 2024, marking the top of the rate hiking cycle. The bad news is that inflation continues to run hot so higher-than-normal interest rates will persist for some time. Even with the 75 basis points of cuts indicated, the market will end the year with rates at 4.5% or higher and double the rate going into the COVID-19 pandemic.
The S&P 500 is moving higher, and a Santa Claus Rally is likely; this week's PCE price index is a likely catalyst for the bulls. The risk is that markets remain below critical resistance at the all-time high which might cap gains for this year and next. However, if the S&P 500 can move above the all-time and sustain it through January, the odds are high that the market will continue to rally in 2024. Featured: Unlock the Power of Tomorrow with the #1 Alternative Energy Stock! (Darwin) 
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Tax-loss selling occurs as investors dump their underperforming stocks to take the capital loss and wait 30 days to buy them back to avoid the wash rule. This causes underperforming stocks to fall in December and bounce back in January and February as investors buy back into the same shares. The w... Read the Full Story |
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The aerospace sector has been red hot in 2023. While it was an epicenter sector during the pandemic, positive normalization has finally come to fruition as the travel boom sent airlines into hyperdrive, looking to grow and modernize their fleets. The Boeing Co. (NYSE: BA) shares have risen to 52-w... Read the Full Story |
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Markets | | | Wall Street drifted through mixed trading on Friday to put a quiet end to another rocking week.The S&P 500 finished nearly unchanged for the day, down 0.36, or less than 0.1%, at 4,719.19. But it’s still hanging within 1.6% of its all-time high set early last year, and it closed out a seventh st... Read the Full Story |
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From Our PartnersThere is a recession-proof company that is poised to grow in the coming years. Our research team has given them our highest score as a solid addition to any portfolio.
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Generac Holdings Inc. (NASDAQ: GNRC) manufactures power generators and energy management solutions for residential, commercial and industrial markets. It's a member of the industrial sector. While they are popular with consumers for their portable backup power generators pitched often through info... Read the Full Story |
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The BRICS are comprised of Brazil, Russia, India, China and South Africa and have a population exceeding 4.4 billion people. These are considered growing economies with abundant, rich natural resources. However, they also come with political instability and geopolitical tensions, as evidenced by t... Read the Full Story |
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From Our PartnersThe #1 income play for 2023 is NOT a stock, bond or private company... Rather, it's a little-known alternative investment that could hand you big monthly income from oil and gas. | | | | Find Out What It Is Right Here |
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Markets | | | Asian shares were mixed Tuesday after a seven-week winning streak on Wall Street cooled. U.S. futures were flat and oil prices edged higher. Tokyo's Nikkei 225 index gained 0.9% to 33,063.00 after the Bank of Japan kept its ultra-lax monetary policy unchanged, as expected. The dollar rose against th... Read the Full Story |
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Markets | | | A donor-advised fund devoted to supporting the United Nations Sustainable Development Goals has leapt from being a relatively minor charity to one with an asset size comparable to behemoths like the Andrew W Read the Full Story |
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Markets | | | The painful economic steps that Argentina's new president, Javier Milei, announced this week sound draconian: Slashing the currency's value in half. Reducing aid to provincial governments. Suspending public works. Cutting subsidies for gas and electricity. Raising some taxes. Yet the South American ... Read the Full Story |
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Costco Wholesale Corporation (NASDAQ: COST) is not a cheap stock, and it has been trending at all-time highs, begging the question: How high can it go?
The Q1 results, cash flow, balance sheet and the special dividend it allows suggest higher, much higher. While it is the premium stock ... Read the Full Story |
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Markets | | | The Congressional Budget Office says it expects inflation to nearly hit the Federal Reserve’s 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years Read the Full Story |
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Monday's Early Bird Stock Of The Day RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany. The company was formerly known as Restoration Hardware Holdings, Inc. and changed its name to RH in January 2017. RH was incorporated in 2011 and is headquartered in Corte Madera, California. | | View Today's Stock Pick |
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