Good MorningEquity markets cheered the FOMC's latest policy shift but should not be sanguine. The Fed's shift is likely short-lived, given the impact of the news on oil and equity markets. The Fed signaled at least three quarter-point interest rate cuts in 2024, clearing the runway for oil and risk-on asset demand. In this environment, inflation could easily accelerate, leading the FOMC to revert to its tighter stance.
The S&P 500 gained more than 1.25% at the height of the session as investors loaded up on deep-value stocks with high yields and a significant chance of outperforming bonds as interest rates fall. Capital invested in such names will continue to pay the same 4% to 6% yield as bonds indefinitely, with the added bonus of capital appreciation.
The bad news is that the technical outlook for the S&P 500 continues to deteriorate. The market moved higher with a solid gain but indicators such as MACD and stochastic are overbought and diverging from the action suggesting growing weakness as the rally grinds higher.
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Markets | | | For two reasons, the Utility Sector (NYSEARCA: XLU) and Utility stocks should be on every investor's radar. The first is that the sector will produce the 2nd strongest YOY growth of any sector in Q4, and growth will continue at a near-double-digit pace in 2024. The 2nd, perhaps more important, is ... Read the Full Story >> |
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From Our PartnersAfter a rough outing in 2022, 2023 has been explosive.
In fact, since the year began, major indices, like the S&P 500 are up about 15% year to date. Heading into New Year 2024, things could get even better.
That said, here are three "no brainer" stocks to consider. | | Click Here to Download the FREE Report |
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Markets | | | It's been a great year for stock markets around the world.Wall Street's rally has been front and center, with the U.S. stock market the world's largest and its clear leader in performance in recent years. The S&P 500 is on track to return more than 20% for the third time in the last five years, ... Read the Full Story >> |
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Markets | | | This article results from a screening using Marketbeat’s stock screening tool. The point is to show that all it takes is a little due diligence to uncover superior opportunities in the market. The criteria for the screening are simple. The stocks must carry a Moderate Buy Rating or better, y... Read the Full Story >> |
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From Our PartnersAccording to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy.
Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech." | | | | See why investors are taking a hard look at vanadium right now. |
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Markets | | | Like many winter-weary travelers, Alaska Air Group, Inc. (NYSE:ALK) is getting into a tropical mood this time of year. This month, the Seattle-based airliner announced a plan to acquire depressed peer Hawaiian Holdings for approximately $1.9 billion inclusive of debt. Regulatory and shareho... Read the Full Story >> |
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Markets | | | The runaway success of weight-loss drugs like Novo Nordisk A/S (NYSE: NVO) Ozempic and Eli Lilly and Co. (NYSE: LLY) Mounjaro has kicked off a gold rush for new weight-loss drugs in the medical sector. One of the major complaints about glucagon-like peptide-1 (GLP-1) drugs is the nausea and vomiti... Read the Full Story >> |
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From Our PartnersAfter the massive market collapse and several huge scandals last year, a lot of experts are saying the crypto markets are just one more step away from going to zero. But are they right? | | | | Click here to hear him explain why. |
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Markets | | | Jetblue (NASDAQ: JBLU) raised guidance for Q4 and the year, suggesting it will carry momentum into 2024. The news helped lift the stock and the airline complex with it, raising the question, can the sector take flight in 2024? The airline sector is down 20% from the summer high and 40% at the low ... Read the Full Story >> |
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Markets | | | Wall Street pointed toward gains early Thursday following a powerful rally that sent the Dow Jones Industrial Average to a record high as the Federal Reserve indicated that interest rate cuts are likely next year. Futures for the S&P 500 rose more than 0.3% before the bell as did futures for the... Read the Full Story >> |
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Markets | | | The inflation plaguing European shoppers has fallen faster than expected. The economy is in the dumps. That has people talking about interest rate cuts by the European Central Bank, perhaps as soon as the first few months of next year. No rate move is expected at the bank's policy meeting Thursday, ... Read the Full Story >> |
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Markets | | | The Bank of England kept borrowing rates unchanged Thursday despite mounting worries over the state of the British economy, and it showed little sign that it is contemplating cutting them anytime soon — unlike the U.S. Federal Reserve.The central bank left its main interest rate at a 15-year high of... Read the Full Story >> |
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Markets | | | Wholesale inflation in the United States was unchanged in November, suggesting that price increases in the economy's pipeline are continuing to gradually ease.The Labor Department reported Wednesday that its producer price index — which tracks inflation before it reaches consumers — was flat from Oc... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Aptevo Therapeutics Inc., a clinical-stage biotechnology company, focuses on developing immunotherapeutic candidates for the treatment of various forms of cancer in the United States. The company's lead clinical candidates are APVO436, a bispecific T-cell engaging antibody candidate that is in Phase 1b clinical trial for acute myelogenous leukemia and myelodysplastic syndromes; and. ALG.APV-527, an investigational bispecific ADAPTIR candidate that features a mechanism of action to target 4-... | | View Today's Stock Pick |
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