*Performance since 7/1/2022. For more details on the performance calculation and methodology of Alpha Picks, click here. |
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► It was a volatile week for equities as President Trump asked OPEC to lower oil prices and tariff threats on Chinese imports reintroduced uncertainty.
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► Despite the volatility, major indices finished the week higher, with the S&P 500 climbing 1.54%, the Dow +1.79%, and the Nasdaq +1.94% as of mid-day trading on Friday.
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► Gold and silver prices surged for a third consecutive session amid safe-haven demand driven by tariff concerns; spot gold reached $2,760.08 an ounce, and silver climbed to $30.87.
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► Netflix soared 15% to a record high of $999 after delivering record Q4 earnings that included more than doubling its net subscribers.
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► Treasury yields remained subdued, with the 10-year at 4.63%. The U.S. dollar index languished near a two-week low of $108.23 amid tariff uncertainties.
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► Cryptocurrency was notably active. Bitcoin reached a fresh all-time high at $109,340 before retreating, and the introduction of Trump and Melania meme coins reached $16.5B.
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► Winter storms riddled 26 states, including the Deep South, as geopolitical tensions continued to exert pressure on global markets.
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Alpha Picks is a rigorous, data-driven model that offers Strong Buy-rated stocks believed to have the highest probability of capital appreciation based on a proprietary quantitative model. Two Strong Buy-rated stocks are selected monthly on the first trading day of the month and the 15th or the closest trading day thereafter. |
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Global Market Movements and Sector Performance |
It was a volatile week for major equities. The S&P 500 hovered around an all-time intraday high Thursday afternoon, despite tariff threats on Chinese imports and Trump's request for OPEC to slash oil prices. Read More. |
Trade tensions are a focal part, given the potential impacts on the manufacturing and technology sectors; companies are grappling with increased costs and supply chain disruptions. Tariffs pose significant challenges for Europe's electric vehicle (EV) market. Read More. |
The technology sector (XLK) rallied this week on strong earnings and favorable outlooks surrounding tech-driven trends. Read More. |
Value Stocks vs. Growth Stocks
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Growth stocks outperformed value this week, likely bolstered by the rally in tech and favorable outlooks amid the push for innovation and tech trends that capture investor interest and market share. Read More. |
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Bitcoin Reaches All-Time High
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Cryptocurrency was notably active. Bitcoin reached a fresh all-time high at $109,340 before retreating. The surge was partially driven by President Trump's introduction of Trump and Melania meme coins, which quickly achieved a market capitalization exceeding $16.5B. Read More. |
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The Chinese yuan slid to 7.2779 per dollar as the U.S. dollar traded near a two-week low at $108.26, both impacted by fears of impending tariffs that could weigh on USD strength against other major currencies. Read More. |
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While the S&P 500 has rallied 7.2% over 86 days since the Fed began its 2024 easing cycle, sector performance has been uneven. Consumer Discretionary has pulled ahead, surging 17.4%. Meanwhile, Health Care underperformed, falling -7.8%. |
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► FOMC: The Fed maintained a cautious approach to rate cuts amid ongoing inflation and geopolitical concerns, with expectations of more gradual rate cuts supported by strong employment data.
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► Inflation: Headline CPI rose as expected, up 0.4% last month. Year-over-year, headline inflation was 2.9%, and core inflation was at 3.2% YoY, indicating persistent price pressures.
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► Labor Market: Thursday's data reported that initial jobless claims for the week ending January 18th increased by 6K to 223K, more than the 221K consensus. For December, 256K jobs were added, significantly exceeding the consensus expectation of 155,000 jobs.
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| AT&T (T) Nucor Corporation (NUE) |
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| The Boeing Company (BA) General Motors Company (GM) |
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| Microsoft Corporation (MSFT) Meta Platforms, Inc. (META) Tesla, Inc. (TSLA) |
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| | FOMC Meeting Apple Inc. (AAPL) |
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| | Amazon, Inc. (AMZN) Exxon Mobil Corporation (XOM) |
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*Performance is as of January 24, 2025. Alpha Picks adds two stocks per month—on the closest business day to the 1st & 15th. Alpha Picks removes stocks based on rating thresholds (i.e., when a rating changes to a sell). Performance is calculated and reported daily using time-weighted returns. For more details on the performance calculation and methodology of Alpha Picks, click here.
Past performance is no guarantee of future results. Alpha Picks does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Any content and tools on the platform are offered for information purposes only. Any views or opinions expressed may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker, U.S. investment adviser, or investment bank. |
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