Good MorningEquity markets continued to sell off last week despite some better-than-expected earnings reports. The move was driven by hot economic data that points to persistent GDP growth, consumer demand, and inflation. With the FOMC meeting slated for the week, the risk is that hawkish Fed rhetoric will intensify and may telegraph the next policy move as an increase in rates. In this scenario, the S&P 500 could shed another 10% or more before hitting its bottom.
The S&P 500 shed more than 2.5% for the week, bringing the index below the critical 4,150 level. If the market doesn't snap back this week, the odds are high that the selling will continue. The question now is what could turn this market around, and it looks like it will take a great deal. The market may not be able to regain its footing until later in 2024 once the economic headwinds subside and inflation is finally tamed, or not. Featured: 6.5 Million Americans Are DESPERATE for This New Drug from One Tiny Company (Behind the Markets) 
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Stocks | | | Cybersecurity stocks have been strong performers this earnings season. Many leaders are higher priced stocks in the $100 to over $300 range. Companies like Palo Alto Networks Inc. (NASDAQ: PANW) at $238, ServiceNow Inc. (NYSE: NOW) at $554, CrowdStrike Holdings Inc. (NASDAQ: CRWD) at $172, and Zsc... Read the Full Story >> |
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From Our PartnersThe U.S. government is moving towards electric cars, and European countries are phasing out gas-powered vehicles entirely, with Norway banning oil and gas and England following by 2030. This proves the future is in electricity.
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Markets | | | The United States economy has achieved something most bears never expected: gross domestic product (GDP) expanded by 4.9% during the past quarter, whereas economists only expected a 4.7% jump. Even in real growth terms, considering inflation, things have improved past any point of concer... Read the Full Story >> |
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Stocks | | | The two largest iconic publicly traded toy companies released their Q3 2023 earnings reports. While the reports were starkly different, the reactions were similar in that they both saw their shares sell off. Two particular pieces of entertainment were lynchpins for each company in 2023. Ironically... Read the Full Story >> |
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Stocks | | | The post-pandemic pent-up demand generated travel boom may be starting to normalize based on recent data from the airlines. Airlines have cut forecasts but insist demand is still there. When it comes to the travel and leisure sector, dining and hospitality also see elevated activity levels. So, it... Read the Full Story >> |
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Stocks | | | The clean energy segment is getting smoked this year as solar companies are warning of the collapse in installation demand. Companies like SolarEdge Technologies Inc. (NASDAQ: SEDG) and microinverter manufacturer Enphase Energy Inc. (NASDAQ: ENPH) recently slashed guidance, resulting in an additio... Read the Full Story >> |
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From Our PartnersHedge fund manager, venture capitalist and professional trader, David Prince, exposes the edge these institutions have and the #1 weekly options strategy to take advantage of it. See how he tracks down his favorite stock of the week and how he selects the best option contract. | | Send Me My Free Copy! |
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Markets | | | Less than a year is left before the Bitcoin halving — an event when the reward for mining a Bitcoin block will be cut in half. Historically, the halving has been followed by a major bull run in the crypto market. Should we expect the crypto summer soon — and what other factors may push the Bitcoin p... Read the Full Story >> |
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Markets | | | China's leaders are expected to search for ways to mend the country's fractured property market, create jobs for millions of unemployed youths and spur faster growth in a meeting that reportedly began Monday in Beijing Read the Full Story >> |
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Stocks | | | European shares opened higher on Monday after a mixed trading session in Asia ahead of a Federal Reserve decision this week on interest rates.Germany's DAX rose 0.5% to 14,757.59 and the CAC 40 in Paris advanced 0.4% to 6,823.22. Britain's FTSE 100 surged 0.7% to 7,343.62. The future for the S&P... Read the Full Story >> |
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Markets | | | Jamie Dimon will do something he has never done before in nearly two decades as the head of JPMorgan Chase & Co. - sell shares in the company. The top executive of the nation's largest bank will sell 1 million shares starting next year, according to a regulatory filing this week. JPMorgan sought... Read the Full Story >> |
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Markets | | | McDonald's reported better-than-expected sales in the third quarter as popular promotions brought in customers despite higher U.S. prices.Global same-store sales — or sales at locations open at least a year — rose 8.8% in the July-September period, the burger giant said Monday. That was ahead of Wal... Read the Full Story >> |
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The Early Bird Stock Of The DayMonday: Stock Being Downgraded Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and ... | | View Today's Stock Pick |
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