Good MorningEquity markets advanced on Monday, extending the prior week's rally into new all-time high territory. However, Monday's move was small and cautious and may not lead to additional gains, given the expectation for news. The week's news includes the first read on Q4 GDP and the December PCE price index, either of which could alter the expectation for FOMC interest rate cuts. As it is, interest rates will likely remain at their current levels until well into the summer without some indication of economic weakening or deceleration of inflation.
As many reasons as there are to fear a market correction, it is hard to argue with the charts. The S&P 500 has broken to a new high and could easily extend its run through the year's first half. There is a risk the FOMC will keep rates high for longer than the market is pricing in, but so long as the economy continues to grow and the consumers spend, equity markets may not care. Featured: Boost Your Portfolio with This Ultra Low-Priced Uranium Stock (Resource Stock Digest) 
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Markets | | | Never fight the market, and remember that the trend is your friend. This is why Netflix (NASDAQ: NFLX) stock should be flashing across your watchlist today. The trend in this stock shows a definite bullish momentum, and the market is comfortable paying a premium to gain exposure to this name just ... Read the Full Story >> |
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Stocks | | | The internet of things (IoT) is a network of physical machines, devices, or "things" outfitted with sensors, applications, and connectivity, enabling them to collect and exchange data with other machines and systems over the internet. IoT includes smart home devices, wearable technolog... Read the Full Story >> |
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Stocks | | | The rally in the spot price of uranium that began in 2023 is heating up in the first month of 2024. On January 15, the spot price of uranium broke the $103 level, a 16-year high. For uranium miners, having the price of uranium over $100 makes mining operations profitable. The primary reason... 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 | | | Johnson & Johnson (NYSE: JNJ) had a solid quarter in Q4 despite the impacts of the Kenvue spin-off and the deleveraging of COVID-19 sales. However, little has emerged to catalyze the bulls, although ample news supports the stock price over the long term. The takeaway is that JNJ's stock price ... Read the Full Story >> |
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Markets | | | World shares were mixed Tuesday, while Hong Kong and Shanghai advanced after a report said Beijing plans to put about 2 trillion yuan ($278 billion) into supporting ailing Chinese markets. In early European trading, Germany's DAX lost 0.2% to 16,651.29 and the CAC 40 in Paris fell 0.3% to 7,394.04. ... Read the Full Story >> |
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Stocks | | | 2023 was a year to forget for the personal care industry. With traders clamoring for growth-oriented technology and media shares, the defensive group became an afterthought and woefully underperformed the broad U.S. equity market. Approaching the heart of fourth quarter earnings season, this could... Read the Full Story >> |
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Stocks | | | Asian shares mostly rose Tuesday after Wall Street built on its all-time high reached last week, while Japan's central bank kept its easy credit policy intact.Shanghai's benchmark extended its losses, but Hong Kong's jumped 2.5%. U.S. futures were flat and oil prices edged lower. Tokyo's Nikkei 225 ... Read the Full Story >> |
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Markets | | | Spirit Airlines jumped in morning trading Friday after the struggling discount carrier said a strong holiday travel season boosted its fourth-quarter revenue.Spirit said it expects to post revenue of $1.3 billion when it releases its results for the final quarter of 2023 early next month. That's at ... 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 | | | Macy's is rejecting a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didn't provide a viable financing plan.Arkhouse and Brigade offered $21 for each of the remaining shares in Macy's they don't already own. Shares of New York-based ... Read the Full Story >> |
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The Early Bird Stock Of The DayTuesday: Stock Being Upgraded J.B. Hunt Transport Services, Inc. provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions. It operates 115,150 pieces of company-owned trailing equipment; owns and maintains its chassis fleet of 95,553 units; and manages a fleet of 6,081 company-o... | | View Today's Stock Pick |
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