Good MorningEquity markets did not start the new year well. The S&P 500 fell more than 1% to confirm resistance at the top of what could become an established trading range. Because the market tends to continue in the direction of January trading for the remainder of the year, the first week of trading may mark a protracted downtrend that could shave 20% to 30% off of equity prices.
There are two hurdles for the equity market this week. The first is on Thursday when the CPI report is released. The report is expected to show cooler inflation but may not provide enough to catalyze the market to new highs. The second is on Friday in the form of bank earnings. The banks are expected to grow earnings, but credit defaults and rising reserves may impact results. The takeaway will be consumer health; if the consumer is still healthy, the market may be able to shrug off its woes and regain traction enough to set a new high. Featured: The A.I. Trend Has These 7 Stocks Set To Soar (Darwin) 
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Bank of America has come a long way since its humble beginnings. It has grown from a single branch to over 3,900 financial centers and 15,000 ATMs. It serves over 69 million customers with 57 million verified digital users.
While primarily serving customers in the U.S., Bank of America also... Read the Full Story |
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Defensive sectors are off to a better start to the new year than growth stocks, which dominated in 2023.
The Health Care Select Sector SPDR Fund (NYSEARCA: XLV), which has both growth and defensive characteristics, was the leader in the first week of the year. Top sector performers included... Read the Full Story |
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As the year begins and capital begins to be put to work, a new chapter is unfolding for members of the heralded 'Magnificent Seven.' As the curtains rise in 2024, these tech behemoths, the guiding stars of the market in the past and indeed 2023, now find themselves at a crossroads.
The narr... Read the Full Story |
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From Our PartnersThe internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. | | | | Here's the #1 stock to buy. |
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Markets | | | Wall Street closed its worst week since Halloween with a listless Friday after reports showed workers are getting bigger raises, but key parts of the economy still don’t look like they’re overheating. The S&P 500 rose 8.56 points, or 0.2%, to 4,697.24 after drifting between small gains and losse... Read the Full Story |
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Clearwater Analytics Holdings Inc. (NASDAQ: CWAN) is a leading investment accounting, reporting and management platform in the business services sector. Asset managers use it, as do insurers, enterprises and government agencies, including Thornburg, DC.gov, Meta Platforms Inc. (NASD... Read the Full Story |
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Markets | | | Some stocks are benefitting from the market’s ‘risk-on’ surge more than others — and Bowlero Corp. (NYSE: BOWL) is one of them.
Over the past two months, shares of the world’s largest bowling center operator have rallied more than 50%. Compare this to the S&P 500, ... 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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Markets | | | Asian shares mostly declined Friday, after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar. Benchmarks rose in Tokyo but fell in Sydney, Seoul, Hong Kong and Shanghai. The yen has weakened amid speculation that the Bank of Japan might go sl... 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 | | | The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.Friday’s government report showed that December’s job gain exceeded the 173,000 that were added in November. The unemploym... Read the Full Story |
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Monday's Early Bird Stock Of The Day Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business. In addition, the company generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. It serves residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in Saint Louis, Missouri. | | View Today's Stock Pick |
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