Good MorningEquity markets kicked off the 2024 trading year on a sour note, with the S&P 500 falling about 1% at the session low. The move is partly due to a downgrade for Apple that shaved more than 4.25% off of its price. Barclays downgraded the stock to Underweight, citing concerns about hardware sales centered on the iPhone. At the same time, the VIX advanced to show a bottom and a high potential for a market reversal. The combination of weak S&P action and rising VIX suggests a top has been hit for equities that may result in a deep correction.
The primary catalyst this week, aside from the turning of the year, will be the NFP report on Friday. The NFP is expected to align with the outlook for a soft landing and may get the S&P 500 back into rally mode. If not, the market is heading lower in the first month of the year, which points to a soft first half followed by a rebound in the second, just like in 2023. Featured: Public Service Announcement: New National Emergency Incoming (Porter and Company) 
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Determining Apple's stock worth involves analyzing where the company invests its money. Investors looking for companies with the potential to dominate new markets may look for aggressive growth stocks that invest profits back into operations. However, more conservative investors looking to see a m... Read the Full Story |
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From Our PartnersEveryone wants to know if a ChatGPT IPO is happening.
Is this the final clue?
The company posted this strange legal promise to early investors on their website…
And what it says is truly shocking if you read between the lines.
That’s why I’ve been investigating this situation very closely -- | | | | Click here to see what I’ve found because… |
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As the world's financial sector continues to grow and evolve, investing in bank ETFs has become a popular way for investors to gain exposure to the banking industry. Bank ETFs are exchange-traded funds that track the performance of a specific index or a basket of bank stocks. Knowing which bank ET... Read the Full Story |
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Markets | | | There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington.Count Adidas, Apple and ... Read the Full Story |
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From Our PartnersBill Gates was ahead of the curve on tech for decades.
He drove the personal computer revolution of 1980s.
He predicted the rise of smartphones, social media and streaming video in the mid-1990s.
And now he says artificial intelligence is “as fundamental as the computer chip, the internet and the PC.” | | | | Click here for the details. |
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With Bitcoin rallying to its best levels in two years, ahead of the deadline for regulators to approve the first-ever Bitcoin spot exchange-traded fund, Ark fund manager Cathie Wood has been selling some crypto-related securities like Coinbase Global Inc. (NASDAQ: COIN), while buying others, such ... Read the Full Story |
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Markets | | | U.S. stock futures are little changed Friday as the market puts the wraps on a year of surprisingly robust gains.The benchmark S&P 500 index is just 0.3% from an all-time high after a gain of 24.6% in 2023. The Dow Jones Industrial Average sits at a record 37,710.10. The Nasdaq shows a year-to-d... Read the Full Story |
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Markets | | | Asian markets opened the year on a downward trend after Wall Street benchmarks ticked lower on the last trading day of 2023. U.S. futures were mixed and oil prices gained more than $1 a barrel. Japan's markets were closed for a holiday.The Hang Seng index in Hong Kong sank 1.5% to 16,800.73 and the ... Read the Full Story |
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Amprius Technologies (NYSE: AMPX) stock price action over the past year or so is not surprising. It is an early-stage tech start-up whose IPO left little meat on the bone for new investors. However, unlike most tech start-ups, this one has a viable, market-disrupting technology that is increasingl... Read the Full Story |
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Camping World (NYSE: CWH) cut its dividend by 80%, and the shares fell 50% because of it, but the cut is a good thing. The cuts weren’t made because the company couldn’t pay but because it used cash flow for growth. At the same time, share prices have fallen considerably since the anno... Read the Full Story |
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Markets | | | Premarket trading is mixed in a low-volume trading holiday week on Wall Street. Futures for the S&P 500 were virtually unchanged before the bell Thursday, while futures for the Dow Jones Industrial Average lost 0.1%. The tech-heavy Nasdaq rose nearly 0.3%.Trading has been subdued in the last tra... Read the Full Story |
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Markets | | | A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world’s second-largest economy remains sluggish. The official purchasing managers index, or PMI, fell to 49 last month in what officials said was evidence of weak demand, the National Bureau of St... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications. This segment sells its products through distributors, home centers, and lumberyards, as well as to roofing contractors for built-up roofing asphalt systems; and manufacturers in automotive, chemical, rubber, and construction industries. The Insulation segment manufactures and sells thermal and acoustical batts, loosefill insulation, spray foam insulation, foam sheathing and accessories under the Owens Corning PINK, and FIBERGLAS brands; and glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation, cellular glass insulation, and foam insulation under the FOAMULAR, FOAMGLAS, and Paroc brand names used in construction applications. This segment sells its products primarily to the insulation installers, home centers, lumberyards, retailers, and distributors. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and glass fiber products in the form of fabrics, non-wovens, and composite lumber. Its products are used in building structures, roofing shingles, tubs and showers, pools, decking, flooring, pipes and tanks, poles, electrical equipment, and wind-energy turbine blades. This segment sells its products directly to parts molders, fabricators, and shingle manufacturers. The company was incorporated in 1938 and is headquartered in Toledo, Ohio. | | View Today's Stock Pick |
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