Good MorningEquities markets dipped last week but rebounded strongly to set a new all-time high for the S&P 500. The move looks solid, but divergences in the indicators suggest weakness continues to build within the market. Among the many risks facing traders and investors is the outlook for interest rate cuts, which continues to be pushed off. At best, the market should expect the first cut by early summer, contrary to the May target indicated by the Fed Funds Futures.
The week ahead will be a busy one. The Q4 reporting season will ramp into full gear with roughly 100 S&P 500 companies set to report. Among the most important are Netflix and Tesla, which have been leading the market. The caveat is that Netflix is expected to post a solid improvement in earnings, but Tesla may suffer. Price cuts intended to keep volume up are cutting into the top and bottom lines and causing the company to underperform. The entire EV complex may struggle this year because the EV market appears to have topped years ahead of forecast. Featured: Top Uranium Stock to Buy Now in the 2024 Uranium Bull Market (Resource Stock Digest) 
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Stocks | | | For savvy investors, hunting down undervalued stocks can mean unearthing overlooked stocks with big potential. In any market cycle, undervalued stocks are there, waiting to be scooped up at bargain prices, but they tend to get even less attention in a bull market, as we saw in 2023. If 2024 is a ... Read the Full Story >> |
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From Our Partners... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself. | | | | Click Here to Learn How >>> |
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Markets | | | Everyone pretty much is aware that the FED has taken a different stance to their interest rate trajectory for this year. Whereas they focused on hiking interest rates during 2023 to combat stubborn inflation, they are now proposing up to six rate cuts in 2024; what is this sudden shift all about?&... Read the Full Story >> |
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Markets | | | Shares of Birkenstock Holdings plc (NYSE: BIRK) made a decent recovery after falling more than 10% from its closing price of $50 on January 17, 2024. The reason for the stock's decline was the results of Birkenstock's initial earnings report. The company posted mixed earnings, with revenue beating... Read the Full Story >> |
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From Our PartnersBarack Obama's confession about the 2024 election just leaked online…
In short, he's worried Biden "could very well lose."
But before you think that means Trump will win…
You should see the evidence I've found about an election shock that could come as soon as August 19th. | | Click here to see my 2024 election prediction. |
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Markets | | | You’ve probably noticed: The banking industry is moving away from branch visits, and toward “there’s an app for that.” Not only are consumers using apps like PayPal Holdings Inc. (NASDAQ: PYPL) and PayPal-owned Venmo, but people are also using their own bank’s ... Read the Full Story >> |
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Stocks | | | Wall Street returned to record heights Friday to cap a punishing, two-year round trip dogged by high inflation and worries about a recession that seemed inevitable but hasn't arrived.The S&P 500, which is the centerpiece of many 401(k) accounts and the main measure that professional investors us... Read the Full Story >> |
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Markets | | | In the fall of 2023, Intuitive Surgical, Inc. (NASDAQ: ISRG) was among a group of health care provider and food manufacturer stocks crushed by Ozempic fears. The prevailing mindset was that rising demand for obesity drugs would weigh on surgical procedure volumes, rendering the company’s rob... Read the Full Story >> |
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Stocks | | | Shares were mixed in Asian markets Monday after Wall Street returned to record heights Friday, while Hong Kong's benchmark dropped over 2%, hovering near a 15-month low. European markets opened higher. Futures for the Dow Jones Industrial Average advanced 0.2% and the S&P 500 was up 0.3%.France'... 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 | | | Shares of Humana tumbled Thursday after the health insurer said it was dealing with higher-than-expected costs from its Medicare Advantage customers, forcing it to chop profit expectations.The update from Humana arrived less than a week after rival UnitedHealth Group surprised Wall Street, saying th... Read the Full Story >> |
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The Early Bird Stock Of The DayMonday: Stock Being Downgraded Fortinet, Inc. provides cybersecurity and networking solutions worldwide. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product fam... | | View Today's Stock Pick |
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