Good MorningEquity markets were flat on Tuesday as traders await fresh inflation data. The PCE price index is due Thursday and may change the market direction. Analysts expect inflation to accelerate compared to last month and to be hot compared to last year, keeping the FOMC in a hawkish position. The risk is that inflation will be hotter than expected and lead the market to believe the first interest rate cut will come much later in the year, if at all.
The S&P 500 is poised for a correction that could come anytime. The takeaway for investors is that the S&P 500 broke to new highs this year and is set to continue rallying over the next twelve to eighteen months because an economic pivot is close to hand. In this scenario, a market pullback will be a signal to buy. Regardless of when the first interest rate cut comes, the Fed is on track to start cutting rates, which will lead to economic acceleration. Assuming no significant change in the data, that pivot will happen sometime in 2024; the only question is when, exactly, it will come.
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Upstart space explorer Intuitive Machines, Inc. (NASDAQ: LUNR) has completed three NASA lunar missions. None matched the exhilaration of the company’s ride up the stock charts last week.
After the stock went public on Valentine’s Day, the market soon fell in love. By lunchtime on Febr... Read the Full Story |
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Results from Delta Airlines (NYSE: DAL) to Booking.com (NASDAQ: BKNG) have put the bid back into travel and leisure stocks. Recently launched travel and leisure ETFs like Defiance Hotel, Airline and Cruise ETF (NYSEARCA: CRUZ) and ALPs Fund Services Global Travel Beneficiaries ETF (NYSE: JRNY) are... Read the Full Story |
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Penny stocks come with many risks, but with those risks come the potential for great rewards. While there is no guarantee which penny stocks will deliver those rewards, following the insiders is 1 way to find them. The insiders have the best knowledge of a company, its business, and its ability to... Read the Full Story |
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Stocks | | | Stocks closed slightly higher, clawing back some of the losses from their worst week since early December. The S&P 500 rose 0.3% Monday, just its second gain in the last seven days. The Dow and the Nasdaq also rose. Treasury yields eased a bit. That helped take some pressure off stocks after yie... Read the Full Story |
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Stocks | | | Stocks steadied themselves Monday following Wall Street's worst week since early December.
The S&P 500 rose 12.20 points, or 0.3% to 3,982.24 for just its second gain in the last seven days. The Dow Jones Industrial Average gained 72.17, or 0.2%, to 32,889.09, while the Nasdaq com... Read the Full Story |
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Financial services platform NerdWallet Inc. (NASDAQ: NRDS) has been notching some of its best price gains since going public at the inauspicious time of November 2021. Shares rose 21.77% in January and are up almost unbelievable 71.30% so far in February.
The company offers loans, other ban... Read the Full Story |
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Markets | | | Shares were lower in Europe on Tuesday after a mixed session in Asia following a reprieve on Wall Street from selling pressure driven by worries over inflation and interest rates.
U.S. futures declined and oil prices advanced. Benchmarks rose in Tokyo, Seoul and Shanghai but fell in L... Read the Full Story |
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Markets | | | Shares were mostly higher Tuesday in Asia after Wall Street benchmarks clawed back some losses from their worst week since early December.
Tokyo, Seoul, Sydney and Shanghai advanced while Hong Kong and Mumbai declined.
Stocks have come under selling pressure as analyst... Read the Full Story |
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Markets | | | Shares climbed in Asia on Tuesday after Wall Street benchmarks clawed back some losses from their worst week since early December.
Stocks have come under selling pressure as analysts have raised forecasts for how high the Federal Reserve will take interest rates and how long it will k... Read the Full Story |
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High inflation and a weakening economy have caused consumers to rein in their discretionary spending. It's been a common theme among most industries, including video games. Roblox Co. (NYSE: RBLX) has had problems monetizing engagements, which still show strength. Like Unity Software Inc. (NYSE: U... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day OneMain Holdings, Inc., a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans. It sells its products through its website. The company was formerly known as Springleaf Holdings, Inc. and changed its name to OneMain Holdings, Inc. in November 2015. OneMain Holdings, Inc. was founded in 1912 and is based in Evansville, Indiana. | | View Today's Stock Pick |
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