Good MorningThe rebound in equities paused on Tuesday as traders brace for what could be a difficult few days. The upcoming CPI and PPI reports should confirm peak interest rates but may not point to the first interest rate cuts. In that scenario, the FOMC may not make the first interest rate cuts until late in the year or later, after last year's hikes have had time to fully impact the economy. Until then, the risk of recession remains.
The CME FedWatch Tool indicates a better-than-60% chance for a rate cut at the next FOMC meeting in less than a month. A warmer-than-expected inflation reading would blow that outlook out of the water and may send the S&P 500 crashing. As it is, the broad market index is trading beneath critical resistance at the all-time high, and the action looks toppy with earnings season set to begin on Friday. Featured: Forget NVDA. Buy this A.I. stock instead (Chaikin Analytics) 
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The airline industry was devastated by the COVID-19 pandemic. Travel and leisure became an epicenter industry as lockdowns and travel restrictions limited the availability of flights, crews and even pilots. Airline stocks plummeted.
Debt levels climbed as investors wondered if the industry ... Read the Full Story |
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While it was one of the first stocks to reclaim an all-time high last year, Apple Inc (NASDAQ: AAPL) has found itself lagging the broader market in recent weeks. The divergence is rare and noteworthy as a result. To be sure, Apple stock experiences its fair share of down days, ... Read the Full Story |
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Whether it be a pair of jeans, a smart TV or a box of cereal, ‘25% off’ is a significant deal these days. In the U.S. stock market, mid-cap stocks are that deal.
Based on Wall Street’s earnings per share (EPS) estimates for the next 12 months, the mid-cap S&P 400 index is tr... Read the Full Story |
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Up 2% five trading days into the new year, global health care stocks have already matched their return for all of 2023. It’s very early, but the sector has outpaced all other 10 economic groups since the ball dropped in Times Square. Following a year that was dominated by technology, could 2... Read the Full Story |
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Markets | | | Asian shares advanced Tuesday after Wall Street rallied to claw back almost all the losses from its slow start to the year. U.S. futures fell while oil prices saw modest gains. Tokyo's Nikkei 225 index gained 1.4%, to 33,858.63, as the market reopened from a holiday on Monday. Hong Kong's Hang Seng ... Read the Full Story |
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With the FOMC on track to cut rates in the back half of the year and the average 30-year rate already below 7.5%, the building market will stabilize and return to growth, which is good news for names like Acuity Brands, Inc. (NYSE: AYI). Acuity Brands has business in all construction industry segm... Read the Full Story |
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Markets | | | The Securities and Exchange Commission said Tuesday that a post sent from the agency's account on the social platform X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized,” and that the agency's account was hacked.The price of bitcoin briefly spiked more than $1... Read the Full Story |
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Markets | | | Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024.That is the picture sketched by the World Bank, which forecast Tuesday that the world economy will expand just 2.4% this year. That would be ... Read the Full Story |
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Markets | | | A top executive of China Evergrande's electric vehicle company has been detained by police in the latest sign of trouble for the world's most heavily indebted property developer. China Evergrande New Energy Vehicle announced the detention of Liu Yongzhuo, its vice chairman and an executive director,... Read the Full Story |
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Markets | | | California's budget deficit is not as bad as previously thought, Gov. Gavin Newsom announced Wednesday, but it's deep enough that it could delay a minimum wage increase for more than 400,000 health care workers and force spending cuts across various housing and climate programs.Most of Newsom's time... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day GE HealthCare Technologies Inc. engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally. The company operates through four segments: Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics. The Imaging segment offers molecular imaging, computed tomography (CT) scanning, magnetic resonance (MR) imaging, image-guided therapy, X-ray systems, and women's health products. The Ultrasound segment provides medical devices and solutions for screening, diagnosis, treatment, and monitoring of certain diseases in clinical areas, such as radiology and primary care, women's health, cardiovascular, and point of care and handheld ultrasound solutions, as well as surgical visualization and guidance products. The Patient Care Solutions segment provides medical devices, consumables, services, and digital solutions. Its portfolio includes patient monitoring solutions, anesthesia delivery and respiratory care products, electrocardiogram solutions, maternal infant care products, and consumables and services. The Pharmaceutical Diagnostics supplies diagnostic agents, including CT, angiography and X-ray, MR, single-photon emission computed tomography, positron emission tomography, and ultrasound to the radiology and nuclear medicine industry. The segment also provides contrast media pharmaceuticals that are administered to a patient prior to certain diagnostic scans to increase the visibility of tissues or structures during imaging exams; and molecular imaging agents or radiopharmaceuticals, which are molecular tracers labeled with radioisotopes. It has an AI collaboration with Mass General Brigham. The company was formerly known as GE Healthcare Holding LLC and changed its name to GE HealthCare Technologies Inc. in December 2022. The company was incorporated in 2022 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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