Good MorningEquity markets were flat and mixed at the start of the week as traders prepared for the next inflation read. The CPI data is due today and is expected to be hot. The question is how hot it is and if it is enough to derail the FOMC from its current path. As it is, inflation remains well above the Fed's target rate and labor markets are healthy, giving little reason for them to cut rates despite the market expectations. The market has priced in a rate cut by June; it may not get one before fall.
Even if the CPI data is tame, the S&P 500 may have difficulty advancing. The tech stocks leading the rally have hit a ceiling that promises to cap gains at least until the next earnings cycle begins. That won't be for another four weeks, and it will be longer until names like Microsoft, Meta Platforms, NVIDIA and Advanced Micro Devices report. Until then, expect economic data to drive volatility. Featured: An iconic crypto discovery indeed… check it out (DTI) 
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Stocks | | | They may not be household names like Meta Platforms Inc. (NASDAQ: META) or investor favorites like Nvidia Corp. (NASDAQ: NVDA), but several small stocks, such as Ultra Clean Holdings, Inc. (NASDAQ: UCTT), Powell Industries Inc. (NASDAQ: POWL) and AdaptHealth Corp. (NASDAQ: AHCO) are outperforming ... Read the Full Story >> |
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Stocks | | | As the calendar flipped its pages into 2024, the spotlight again illuminated the famed 'Magnificent Seven,' a cohort of tech titans whose every move resonates throughout the market. However, this year's narrative unfolded with a twist, casting shadows of uncertainty over the once-unrivaled dominan... Read the Full Story >> |
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Markets | | | Shares were mostly higher in Asia on Tuesday ahead of a report on inflation in the U.S. that could sway the Federal Reserve's timing on cutting interest rates. U.S. futures and oil prices were higher.Japan's Nikkei 225 lost 0.6% to 38,586.92, retreating further from its recent record highs as expect... Read the Full Story >> |
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From Our PartnersA Stanford engineer's lofty goal of revolutionizing cancer diagnostics is expected to come to fruition with FDA review in its final stages. With a history of taking companies public, including a $2 billion market cap NASDAQ company, this may be his biggest venture yet! With the ability to detect cancer's "molecular fingerprint" in just 1.5 seconds, it also offers far superior accuracy to current detection methods! | | | | Learn more about how this could transform the multi-billion dollar diagnostic market. |
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Markets | | | WW International Inc. (NASDAQ: WW) (WeightWatchers) has had a disastrous 2024, with its shares collapsing 66.7% year-to-date (YTD). The company made a praiseworthy strategic pivot in 2023, acquiring Sequence Inc. to enter into the GLP-1 clinical weight loss space, gaining the ability to prescribe ... Read the Full Story >> |
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Tech | | | Sea Limited (NYSE: SEA) is a Singapore-based consumer internet technology conglomerate operating in three main digital segments, which include gaming, e-commerce and financial services. The company serves the consumer cyclical sector in Southeast Asia, Taiwan, and Latin America. Sea started as an ... Read the Full Story >> |
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From Our PartnersWall Street investors are selling their shares at a record pace. Legendary Stockpicker shares his NVDA outlook | | | | here. |
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Markets | | | Global shares were mixed in muted trading Wednesday as optimism set off by a record rally on Wall Street gradually ran out of momentum. France's CAC 40 edged up nearly 0.1% in early trading to 8,095.34, while Germany's DAX was little changed, up less than 0.1% at 17,973.04. Britain's FTSE 100 stood ... Read the Full Story >> |
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Markets | | | The stock market has absolutely, 100% priced in a rate cut. The market has been expecting a rate cut for more than a year and is, in fact, pricing in a soft landing and sustained economic growth. The question that needs to be answered is whether the market is mispricing a rate cut, and the answer ... Read the Full Story >> |
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Markets | | | Russians are finding a few imported staples, like fruit, coffee and olive oil, have shot way up in price. Most global brands have disappeared — or been reincarnated as Russian equivalents under new, Kremlin-friendly ownership. A lot more Chinese cars are zipping around the streets. Those who want a ... Read the Full Story >> |
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Markets | | | Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. Sichuan Trust, headquartered in the southwest city of Chengdu, announced it was inso... Read the Full Story >> |
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Markets | | | Japan's economy managed to grow in the fourth quarter of last year, averting a recession, according to revised government data released Monday that had previously shown a contraction.Real gross domestic product, or GDP, grew in October-December at an annual pace of 0.4% instead of a contraction of 0... Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services. It also provides 24-hour grace, asterisk-free chec... | | View Today's Stock Pick |
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