Good MorningEquity markets continued to rebound on Thursday following the Fed's November policy statement. Although the Fed indicated another rate hike could be necessary to tame inflation, the market cheered because the peak was near. The S&P 500 gained about 2% at the session's high and could continue to advance over the next few weeks. The risk is that inflation is not tamed, and rates will remain high indefinitely. In this scenario, the S&P 500 will be capped by a dwindling outlook for corporate earnings growth.
The consensus estimates for earnings growth in 2024 are falling. The Q1 and Q2 figures are down more than 50% from recent highs and may continue to fall as the year progresses. Consumers are already pinched, and with the holiday season approaching, there is concern that spending will be less than analysts expect. The takeaway for consumers is that discounts and deals are expected to approach the pre-pandemic levels, which were highly favorable to shoppers.
Featured: Investor Alert: Nanotechnology Breakthrough In Development (FendX Technologies Inc) 
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Markets | | | Shares of Shutterstock (NYSE: SSTK) are down 7.5% during the middle of Wednesday's trading session; some can blame it on the fact that the ISM Manufacturing PMI came in much lower than the markets were expecting, signaling a reasonable concern for the economy; some may blame it on the FOMC meeting... Read the Full Story >> |
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From Our Partners"Honey-Hole" is slang for a location that yields a valued commodity or resource. And AI is that commodity. Statista currently value's the AI sector at $100 billion, and expects that number to explode by twenty fold by 2030, placing its potential value at $2 trillion in under seven years. But which AI company is the best investment? We compiled a list of our Top 5 AI Stocks. | | >>> Click Here for Details |
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Stocks | | | Results from ServiceNow (NASDAQ: NOW) bode well for cloud services stocks. The company posted results that sparked a round of surprisingly bullish chatter from analysts that points to continued strength in this and other cloud services names. Analysts viewed the ServiceNow results as remark... Read the Full Story >> |
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Markets | | | HUB Cyber Security (NASDAQ: HUBC), a little-known small-cap cyber security company, has recently made headlines after its stock experienced triple-digit growth last month. The Israeli cyber security solutions company first grabbed the headlines on October 19 after it announced that it was p... Read the Full Story >> |
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From Our PartnersA former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now. | | | | Get The Rest Of The Details Here |
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Markets | | | Remember that guy who got knighted by Queen Elizabeth for his philanthropic accomplishments? No? Maybe you remember him from multiplying his money after the 1929 depression and coming up with his now famous saying, which rhymes with investing at the point of maximum pessimism. His name is Sir Joh... Read the Full Story >> |
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Markets | | | Was Extreme Networks’ (NASDAQ: EXTR) disappointing revenue guidance a harbinger of what’s to come in the networking industry, or is there a company-specific problem? “As far as slowed growth, we are seeing it across the industry,” Extreme Networks CEO Ed Meyercord to... Read the Full Story >> |
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From Our PartnersThe uncertainty rattling the markets is off the charts. But according to one of America's leading tech investors, if you're looking to protect your portfolio from the chaos and even significantly grow it in 2024... You need to own these 7 stocks. | | Click for FREE report. |
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Markets | | | World shares advanced on Friday after Wall Street roared higher on bets that market-rattling interest rate hikes are coming to an end.U.S. futures were little changed and oil prices logged modest gains.Germany's DAX gained 0.3% to 15,184.05 and the CAC 40 in Paris added 0.2% to 7,076.01. Britain's F... Read the Full Story >> |
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Markets | | | Maersk, the world's biggest shipping company, said Friday that it plans to eliminate 10,000 jobs due to what it described as a challenging environment for container trade and logistics services. The company said the move would result in savings of $600 million in 2024.The announcement was made as Co... Read the Full Story >> |
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Markets | | | America's employers likely kept hiring at a healthy pace last month, defying high interest rates, rising pressure on consumers and labor strikes that idled big swaths of the nation's auto industry.The government's October jobs report is expected to show Friday that companies and government agencies ... Read the Full Story >> |
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Markets | | | The rise of the internet and other digital technologies has transformed how businesses operate. Along with the inarguable benefits of this age comes a daunting challenge: avoiding falling for or participating in misinformation, which can lead to costly mistakes, damaged reputations and lost opportun... Read the Full Story >> |
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Markets | | | Andrew Garson, 41, a once big-time public relations executive based in New York City, pled guilty in a Manhattan federal court on Wednesday for involvement in a scheme that ultimately defrauded his former employers out of millions.Despite having an established career and earning accolades, including... Read the Full Story >> |
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The Early Bird Stock Of The DayFriday: Stock With Insider Buying Scholar Rock Holding Corporation, a biopharmaceutical company, focuses on the discovery and development of medicines for the treatment of serious diseases in which signaling by protein growth factors plays a fundamental role. The company develops Apitegromab, an inhibitor of the activation of latent myostatin that has completed the Phase 3 clinical trials for the treatment of spinal muscular atrophy; and SRK-181, which is in Phase 1 clinical trials for the treatment of cancers that are resistant... | | View Today's Stock Pick |
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