Good MorningThe sell-off in equities gained momentum on Wednesday, with the S&P down another half percent. The move is due to the growing certainty the FOMC won't cut interest in Q1 or even in Q2. As is, higher-for-longer means June or later and later is a significant possibility. Inflation has subsided, but recent data suggests a trough in the data is forming that could leave high rates in place through the end of the year.
The S&P 500 is struggling with resistance and may be unable to move higher. Even if Q4 earnings are better than expected, the outlook for EPS growth this year is expected to deteriorate. That situation could leave the index range bound with a chance of selling off sharply. Without a bullish catalyst, the odds are high that January will end with equities flat to down, signaling a lackluster year for stocks in 2024. Featured: The Gold Story No One's Telling (Stansberry Research) 
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Markets | | | If you're looking for a way to bet against the consensus, where many underground investors seem to go today. The deal on the table, which can potentially become the next addition to your watchlist, is China. Remember, though, that not all Chinese stocks are equal. History shows that penny and&nbs... Read the Full Story >> |
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Markets | | | Several analysts' revisions and reports have hit the market that have cybersecurity stocks moving lower. The news has names like Cloudflare (NYSE: NET) to Palo Alto Networks (NASDAQ: PANW) down 2.5% to over 4%, but not for any change in the business outlook. Business spe... Read the Full Story >> |
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Stocks | | | The FOMC is on track to cut rates later this year, and that is good news for the housing market and construction stocks. The only question is the timing, which may be later than expected, but the timing isn’t what matters. What matters for home builders and construction materials makers like... Read the Full Story >> |
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Stocks | | | Hiring struggles. Supply chain issues. Food cost inflation. These are just some of the challenges faced by U.S. quick service restaurants (QSRs) in 2023. To the group’s credit though, restaurants kept pace with the broader equity market. Up 25% last year, the AdvisorShares Restaurant ETF (E... Read the Full Story >> |
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Markets | | | In a move that marks a significant milestone in the telecommunications industry, Microsoft (NASDAQ: MSFT) has announced a groundbreaking $1.5 billion deal with Vodafone (NASDAQ: VOD), setting a new precedent for technology and telecom collaborations. This ten-year strategic partnership is a signif... 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 | | | .Job gains and raises helped power solid economic growth in the U.S. last year, but what if those gains were a mirage? The Labor Department overestimated job gains last year by about 13%. That suggests some of Wall Street's optimism last year was built on sand. A weaker employment market means a weaker case for consumer spending to keep propping up the economy. Read the Full Story >> |
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Markets | | | Premarket trading is mixed on Wall Street early Thursday as pessimism rises over the timing of a potential interest rate cut in the United States.Futures for the S&P 500 gained 0.4% before the bell while futures for the Dow Jones Industrial Average hovered between small gains and losses.Speculat... 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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Markets | | | The Consumer Financial Protection Bureau has proposed new rules that would lower overdraft fees, with President Joe Biden calling the charges "exploitative." Currently, the fee for overdrawing a bank account averages more than $26.If a bank temporarily lends a consumer money when their account has r... Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. The company operates through two segments, Sale of Electric Boats and Rental of Electric Boats. It offers e-motion electric powertrain systems; e-motion electric outboards; electric boats; boat parts and related maintenance services; short-term rental of electric boats; and boat club membership; as well as manufactures customized electric boats. The ... | | View Today's Stock Pick |
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