Good MorningEquity markets started the holiday-shortened week on a sour note, with the S&P 500 down more than half a percent at the session's low. The move was led by mega-cap techs like Apple, Netflix, and Meta Platforms, which all fell more than 1% on fears of higher-for-longer interest rates.
The FOMC remains on track to begin cutting rates in 2024, but the timing remains questionable because the inflation data is still hot. The latest data suggests the cool-down in inflation stalled and may not recede until later in the year. The risk now is that inflation won't recede significantly soon, leading the FOMC to hike and not cut rates.
The S&P 500 struggles to gain traction in 2024. The first three weeks of the trading year are characterized by directionless movement as equity markets spin their collective wheels. The broad market index remains below the critical resistance at the all-time high and may not set a new high soon. The caveat is that earnings season is upon us, and earnings trump all. A solid season and an outlook for sequential earning improvements throughout the year may be all it takes to lift the S&P 500.
Featured: Elon Musk May Have Just Changed Everything (InvestorPlace) 
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Advanced Micro Devices (NASDAQ: AMD) isn’t getting the attention some stocks in the semiconductor industry are, but it should not be counted out. Multiple factors suggest a solid upside in 2024; it could top 50% by year-end. Among the factors are the rise of AI, demand for data center infras... Read the Full Story |
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When markets become uncertain about the economy's direction and stocks trend in a bumpy and indecisive pattern, some sectors usually attract investment dollars because of their perceived safety. Now that the Federal Reserve (the Fed) has pointed to potential interest rate cuts in 2024, y... Read the Full Story |
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Outdoor and lifestyle products maker Solo Brands Inc. (NASDAQ: DTC) has grown a cultlike following under its many brands. The consumer discretionary sector company initially started by offering an ultralight and portable camp stove called the Solo Stove Lite, which could boil water ... Read the Full Story |
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From Our PartnersAs the world shifts to renewables such as wind and solar, how will we store all this energy?
Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply. | | | | See how investors could benefit from domestic vanadium discoveries. |
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The new year brings a clean slate heading into the fourth-quarter earnings season. Companies can usually gauge if their previous forecasts were in line or need to be adjusted to warn or prepare investors ahead of time.
Some companies may partake in the guidance shuffle dance, purposely lowb... Read the Full Story |
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Markets | | | The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest move by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck Read the Full Story |
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From Our Partners: Artificial Illusion They say it’s the “biggest advancement in modern history…” But THEY’RE WRONG. Artificial intelligence is an Artificial Illusion. Which means if you own AI stocks, you need to watch this film now before it’s too late. | | | | Watch this film now before it's too late. |
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Markets | | | China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven Read the Full Story |
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Markets | | | Treasury Secretary Janet Yellen is making an election-year pitch that the current state of the economy “vindicates” Democrats’ decision to pass a $1.9 trillion coronavirus pandemic response package back in 2021 Read the Full Story |
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Markets | | | Ukraine's hard-won economic stability is under threat again as the government faces a large budget hole and its two biggest allies and sponsors — the United States and the European Union — have so far failed to decide on extending more aid.Without pledges of support by the start of February — when E... Read the Full Story |
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Markets | | | The squabble over billion of dollars in overdraft fees that Americans get charged every year is intensifying. The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks' ability to charge customers a fee when they overdraw their bank account. Opponents... Read the Full Story |
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Medtronic PLC (NYSE: MDT), a member of the medical sector and the healthcare industry, received U.S. FDA approval for its implantable medical device called the Percept PC Deep Brain Stimulation (DBS) system on January 8. This system includes the PC neurostimulator, BrainSe... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The Contractor segment offers sprayers to apply paint to walls and other structures; two-component proportioning systems that are used to spray polyurethane foam and polyurea coatings; and viscous coatings to roofs, as well as markings on roads, parking lots, athletic fields, and floors. The Industrial segment provides liquid finishing equipment, paint circulating and supply pumps, paint circulating advanced control systems, plural component coating proportioners, and accessories and spare parts; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and applicators, and precision dispensing solutions. It also offers powder finishing products to coat powder finishing on metals under the Gema and SAT brands. The Process segment provides pumps to move and dispense chemicals, water, wastewater, petroleum, food, lubricants, and other fluids; pressure valves used in the oil and natural gas industry, other industrial processes, and research facilities; and chemical injection pumping solutions for injection of chemicals into producing oil wells and pipelines. It also supplies pumps, hose reels, meters, valves, and accessories for fast oil change facilities, service garages, fleet service centers, automobile dealerships, auto parts stores, truck builders, and heavy equipment service centers; and systems, components, and accessories for the automatic lubrication of bearings, gears, and generators in industrial and commercial equipment, compressors, turbines, and on- and off-road vehicles. It sells its products through distributors, original equipment manufacturers, and home center channels, as well as to end-users. The company was incorporated in 1926 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
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