Good MorningEquity markets continue to advance, although the signs of weakness persist. Wednesday's S&P 500 action included a gap up at the open followed by weakening throughout the day. The S&P 500 set a new high and closed with a gain, but the candle is red and suggests resistance to higher prices remains in the market.
The next market catalyst comes out today, with another major market-moving event tomorrow. Today's news is the initial read on Q4 GDP, which is expected to be positive. Analysts expect GDP to have advanced 2.0% in Q4, and the forecast may be light given the strength in retail sales. Friday's catalyst is the PCE price index, which may also be hot. Regardless, analysts forecast the core PCE price index to accelerate compared to the prior month and keep the FOMC in a hawkish stance. The risk for the market now is that the FOMC will make its first interest rate cut much later than expected, possibly not until Q4 this year or later. Featured: New Trump Bombshell (Investor Place Media) 
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Stocks | | | While the healthcare sector delivered lackluster profit growth in 2023, it should change this year. Sector components forecast to show the biggest earnings year-over-year earnings improvement include Humana Inc. (NYSE: HUM), Elevance Health Inc. (NYSE: ELV), Incyte Corp. (NAS... Read the Full Story >> |
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From Our PartnersWith so many strange events happening across the economy (longest bear market for bonds since Civil War... unprecedented bank closures... and soaring prices) – it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – without ever touching an ETF, mining stock, or even bullion. | | | | Full details here. |
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Stocks | | | Global shares were mixed on Thursday as European markets retreated following gains in Asia, where Chinese stocks rallied after Beijing announced a raft of policies to support sagging markets. France's CAC 40 lost 0.2% to 7,440.66 and Germany's DAX slipped 0.3% to 16,849.26. Britain's FTSE 100 edged ... Read the Full Story >> |
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Markets | | | European Central Bank President Christine Lagarde will likely push back Thursday against expectations for quick interest rate cuts even as Europe's economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices.She will likely underline th... Read the Full Story >> |
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Stocks | | | Food distributors and retailers are living up to their reputation as the best consumer staples industry to own. Up 2.1% year-to-date, the group has a sizable early lead over its roughly flat sector. Over the last 10 years, the staples distribution and retail industry have had a 134% cu... Read the Full Story >> |
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Markets | | | Microsoft Corporation (NASDAQ: MSFT) recently overtook Apple Inc. (NASDAQ: AAPL) as the world's most valuable company while also setting its all-time high; expectations are high for Apple to make a similar move. The tech giant last closed at a new record in the first hal... Read the Full Story >> |
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From Our Partners50-year Wall Street Insider Marc Chaikin got invited onto Fox News to talk about A.I. - Here's what he couldn't say on television. | | | | More here. |
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Markets | | | The Netflix Inc. (NASDAQ: NFLX) narrative is not without risk. The company struggled with growth following the COVID-19 bubble, but those days are behind. The story today is leverage, driven by expanding member count, higher prices and ad sales expected to continue in 2024. T... Read the Full Story >> |
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Markets | | | China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to end a prolonged crisis in the real estate industry. The policies will allow real estate companies to use bank loans pledged against commercial properties su... Read the Full Story >> |
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Markets | | | Intuitive Surgical (NASDAQ: ISRG) share prices surged following the Q4 release but failed to hold the gain, creating an ugly candle capping a strong rally. The market may move lower from here, but if so, it will present an even better entry point into this medtech pioneer than is already apparent.... Read the Full Story >> |
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Markets | | | Turkey's central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December.The bank brought its benchmark rate to 45%. It's the eighth interest rate hike since President Recep... Read the Full Story >> |
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Markets | | | The government is expected Thursday to report that the U.S. gross domestic product — the economy's total output of goods and services — rose at an annual rate of around 2% from October through December Read the Full Story >> |
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The Early Bird Stock Of The DayThursday: Stock With Recent Earnings Beat Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. The company operates through two segments, Sale of Electric Boats and Rental of Electric Boats. It offers e-motion electric powertrain systems; e-motion electric outboards; electric boats; boat parts and related maintenance services; short-term rental of electric boats; and boat club membership; as well as manufactures customized electric boats. The ... | | View Today's Stock Pick |
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