Good MorningEquity markets rebounded sharply to start the week. The S&P 500, led by tech, gained nearly 1.5% at the session's close. The NASDAQ Composite advanced more than 2%, with leaders in the big seven all making soling gains. NVDA advanced more than 6% to set a new high, while Apple made a nice comeback from its recent correction. The caveat is that the S&P 500 remains below critical resistance with risk in the air and could resume its downward run anytime.
The latest inflation data suggests the FOMC will not be able to cut rates as soon as the market expects, and data is due out this week. The CPI report is due on Thursday and is not likely to make a significant decline; the headline inflation may even accelerate. The takeaway is that interest rates will not likely come down from historical levels until at least mid-year without a recession, and there is a new risk of that. Equity markets largely ignored OPEC's move to cut prices, which signals weakened demand and may foreshadow a broad slowdown in economic activity. So, equity markets are looking at higher-for-longer or a recession, and neither is a good scenario. Featured: Regime Change At Federal Reserve? (Stansberry Research) 
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Markets shift in every cycle, and timing shifts are nearly impossible. Most investors learned this the hard way in 2023.
When the Federal Reserve (the Fed) took on its new path of hiking interest rates through the year, markets still rallied aggressively when historically rising rates ... Read the Full Story |
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From Our PartnersMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. | | | | Learn more here. |
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Shares of PDD Holdings (NASDAQ: PDD), a global, multinational commerce group formerly Pinduoduo Inc., have sharply risen over the previous six months, up over 100%.
The stock has been on an impressive run since May last year, steadily climbing higher and maintaining its uptrend. During that... Read the Full Story |
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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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Pop-up ads, auto-play videos, tracking cookies and getting inundated with in-your-face promotions helped give rise to alternative web browsers like Opera Inc. (NASDAQ: OPRA) with built-in ad-blocking and private VPN technology in the computer and technology secto... 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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Satellite network operator EchoStar Co. (NASDAQ: SATS) completed its merger with broadband and pay-tv services provider DISH Network Co. (NASDAQ: DISH) on December 31, 2023. Together, they formed the EchoStar-DISH network, a communication services sector company focused on providing global connect... Read the Full Story |
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Augmedix Inc. (NASDAQ: AUGX) is an artificial intelligence (AI) powered ambient medical documentation solutions provider in the medical sector. It utilizes generative AI for documenting medical records and transcribing medical notes and conversations, which are seamlessly integrated into the elect... 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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Tuesday's Early Bird Stock Of The Day NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. It also sells a line of performance equipment and accessories comprising bags, sport balls, socks, eyewear, timepieces, digital devices, bats, gloves, protective equipment, and other equipment for sports activities under the NIKE brand; and various plastic products to other manufacturers. In addition, the company markets apparel with licensed college and professional team, and league logos, as well as sells sports apparel; and licenses unaffiliated parties to manufacture and sell apparel, digital devices, and applications and other equipment for sports activities under NIKE-owned trademarks. It sells its products to footwear stores; sporting goods stores; athletic specialty stores; department stores; skate, tennis, and golf shops; and other retail accounts through NIKE-owned retail stores, digital platforms, independent distributors, licensees, and sales representatives. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon. | | View Today's Stock Pick |
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