Good MorningEquity markets rebounded on Thursday, led by a surge in Apple. The world's leading consumer tech company advanced more than 3% on news it would cut a critical feature from its Watch, allowing it to avoid patent infringement scrutiny. The bad news is that Apple's advance may be short-lived. The move looks strong but failed to reclaim critical levels, leaving the market below a significant resistance hurdle.
The S&P 500 gained nearly a full percent for the session. The price action looks solid, but persistent divergences in the MACD and stochastic indicators show that market weakness is building. With no catalyst strong enough to drive the market to new highs, the odds of a correction grow. The next potential market-moving events will come next week. Earnings season ramps into high gear with reports from nearly 100 S&P 500 companies, and the PCE price index is due on Friday. PCE is expected to remain hot but may be hotter than expected, increasing the odds that the first interest rate cut won't come until late summer or fall. Featured: Forget NVDA. Buy this A.I. stock instead (Chaikin Analytics) 
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Markets | | | Consumer staples and consumer discretionary have one thing in common: they affect consumers. Consumer staples become more familiar in the media in falling stock markets and weak economic climates. In rising bull markets and expanding economic climates, consumer discretionary tends to get thrown ar... Read the Full Story >> |
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Stocks | | | If you’ve been around while, you might remember the old commercial slogan for Almond Joy and Mounds candy bars: “Sometimes you feel like a nut, sometimes you don’t.” You could spin an admittedly less catchy version of that for investors: “Sometimes you feel lik... Read the Full Story >> |
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Stocks | | | Telecom stocks as a group are entering 2024 as “middle-of-the-pack” players. Relative to the broader Communication Services Select Sector SPDR Fund (NYSEARCA: XLC), telecoms as a group lagged in the past week, although T-Mobile US Inc. (NASDAQ: TMUS) advanced .60%, making it one... Read the Full Story >> |
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Stocks | | | The mining industry as a whole didn’t get the memo that the early 2024 selloff has been toned down, despite analysts seeing hope on the horizon. Mining giants Rio Tinto Group (NYSE: RIO) and BHP Group Limited (NYSE: BHP) are leading the industry lower, despite forecasts that commodity... Read the Full Story >> |
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Markets | | | Lawmakers in the United States and the United Kingdom are urging the Securities and Exchange Commission not to allow JBS, the world's largest meatpacking company, to be listed on the New York Stock Exchange Read the Full Story >> |
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Markets | | | World markets mostly advanced Friday after Wall Street recouped most of the week's earlier losses and Japan reported slowing inflation, which may keep its ultra-low interest rates steady.Futures for the Dow Jones Industrial Average edged 0.1% higher and the S&P 500 was up 0.2%. France's CAC 40 a... Read the Full Story >> |
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Markets | | | Kinder Morgan (NYSE: KMI) had a weak Q4, with the top and bottom line results falling short of the consensus estimates. The top line missed consensus by a wide margin due to a decline in volume, but so what? At the same time, the company produced margin improvement and solid cash flow to support i... Read the Full Story >> |
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Markets | | | Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener.Tata plans to switch from coal-fired blast furnaces to an electric arc furnace, which emit... Read the Full Story >> |
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Markets | | | Shares of Humana tumbled Thursday after the health insurer said it was dealing with higher-than-expected costs from its Medicare Advantage customers, forcing it to chop profit expectations.The update from Humana arrived less than a week after rival UnitedHealth Group surprised Wall Street, saying th... Read the Full Story >> |
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Markets | | | On the first business day of the new year, Missouri Treasurer Vivek Malek began accepting applications for about $120 million of state-subsidized, low-interest loans to small businesses, farmers and affordable housing developers.Within six hours, Malek had so many requests for the money that he had ... Read the Full Story >> |
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The Early Bird Stock Of The DayFriday: Stock With Insider Buying Dollar Tree, Inc. operates discount variety retail stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, sof... | | View Today's Stock Pick |
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