Good MorningEquity markets surged on better-than-expected results from Facebook parent Meta Platforms. The news sent the stock up more than 20% and the NASDAQ more than 3.0%, but both closed well off of their highs. The takeaway from the report is that business has bottomed, but there are still hurdles ahead, so investors should be wary of the surge in prices.
The S&P 500 gained more than 1.25% on Wednesday and broke above 4,150. This is a potentially bullish move for the market, but risk is still ahead. The 4,300 level marks the top of a significant resistance range and needs to be broken for the rally to continue. If not, this market may peak soon and begin to move lower. The forward outlook for earnings continues to weaken, and that is what will drive the market into the end of Q1 and start of Q2 2023. Featured: My No. 1 dividend stock for a LIFETIME of income. (The Oxford Club) 
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Stocks | | | If you were an active trader during the early months of 2021, you could watch the meme stock rally unfold in real time. Investors and institutions will study the events of that time for decades as immense fortunes were made (and lost) in just a few weeks. While meme stocks are fizzling out today, it... Read the Full Story |
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Markets | | |
Gains in Tesla Inc. (NASDAQ: TSLA), Zoom Video Communications Inc. (NASDAQ: ZM) and Exact Sciences Corp. (NASDAQ: EXAS) are propelling the Ark Innovation ETF (NYSEARCA: ARKK) to better-than-ever monthly gains.
Does that mean the Ark Innovation ETF, which notched one of the best performances among... Read the Full Story |
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Stocks | | | Indian billionaire Gautam Adani grinned as he posed this week for photos with Israeli leader Benjamin Netanyahu after acquiring one of the country's main ports, in Haifa.
“I promise you that in the years to come, we will transform the skyline we see around us,” said Adani, his manner... Read the Full Story |
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Markets | | | Losses for the troubled Adani Group, India's second-largest conglomerate, deepened on Friday as shares in its flagship company tumbled another 25%, extending over a week of declines that have wiped out tens of billions of dollars in market value.
The debacle, which led Adani Enterpri... Read the Full Story |
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Tech | | | Asian shares were trading mixed Friday ahead of a closely watched U.S. jobs report that may affect global interest rates.
Weaker than expected earnings reports from U.S. technology companies, announced after Wall Street trading ended, pulled Chinese benchmarks lower.
J... Read the Full Story |
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Tech | | | Global shares were trading mixed Friday ahead of a closely watched U.S. jobs report that may affect global interest rates.
France’s CAC 40 lost 0.7% in early trading to 7,116.31, while Germany’s DAX dipped 0.9% to 15,362.64. Britain's FTSE 100 added 0.2% to 7,832.20. U.S. shares were ... Read the Full Story |
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Harley-Davidson (NYSE: HOG) has not had an easy time over the past 5 or 6 years, but those tough times are rapidly falling behind. The company’s Hardwire strategic plan and the push into EV via the LiveWire segment are gaining traction and have this stock set up for a good year in 2023. Econ... Read the Full Story |
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Markets | | | Starbucks reported lower-than-expected sales in its fiscal first quarter, with COVID store shutdowns in China overshadowing stronger results elsewhere.
Global same-store sales — or sales at stores open at least a year — were up 5% in the October-December period, but that was partly du... Read the Full Story |
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If you’re still thinking of Microsoft Corporation (NASDAQ: MSFT) as a sleepy maker of productivity tools, then its massive forays into the world of artificial intelligence may surprise you.
More of its product offerings incorporate AI solutions as the company aims to grow its capabili... Read the Full Story |
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Markets | | |
Mullen Automotive (NASDAQ: MULN) did it again. The company released more good news that has the market moving higher. The latest news in a string of positive events that could launch this company to success is a new pilot program at LAX. The program collaborates with Menzies and builds on the part... Read the Full Story |
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Friday's Early Bird Stock Of The Day Cadiz Inc., together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources. It serves public water systems, government agencies, and other clients. Cadiz Inc. was founded in 1983 and is based in Los Angeles, California. | | View Today's Stock Pick |
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