Good MorningEquity markets rebounded on Thursday but failed to make up for the post-FOMC plunge the day before. The market gained more than 1.0% for the day, but a turning point may be at hand. Labor data, including the ADP report on hiring and the Challenger report on firing, suggest a significant economic slowdown. Job gains were weaker than expected, and layoffs surged to the 2nd highest level on record as businesses dug deep to find new ways to cut costs.
Today's NFP may tell a different tale. The NFP and ADP do not often track in alignment; the trend in data counts. As it is, the trends suggest some volatility in the labor markets, but conditions are otherwise healthy relative to historical norms. The widely watched initial claims data continues to trend within the 200,000 to 250,000 range associated with labor market strength. The Fed may not be on track to cut rates as soon as the market hoped but the economy is still on track for a soft landing. Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
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Stocks | | | When most people think of investing, their minds immediately go to thousand-dollar trade deals and options contracts valued at millions. However, you don't need millions of dollars in the bank to start growing your wealth by investing in the stock market. If you have less capital to invest, you ma... Read the Full Story >> |
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From Our PartnersEverything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $5. | | | | Click here for full details. |
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Stocks | | | If you're like most adults in the United States, you purchase some form of product from a communication services company. Ranging from internet access to television streaming, these essential companies provide services that make instant communication more widespread than ever before. This consiste... Read the Full Story >> |
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Stocks | | | Big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy.Big gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% to its latest all-time high. It's in a torrid run where it... Read the Full Story >> |
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Markets | | | Shares of Coca-Cola (NYSE: KO), the Top-Rated Dividend stock, household brand name, and consumer staple giant, have staged a notable turnaround and comeback lately, with its stock rising close to 8% over the previous three months. After plunging to new 52-week lows in October last year, aft... Read the Full Story >> |
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Markets | | | Satya Nadella marks his tenth year as Microsoft CEO on Sunday, capping a decade of stunning growth as he pivoted the slow-moving software giant into a laser focus on cloud computing and artificial intelligence Read the Full Story >> |
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From Our PartnersA.I. is set to create $7 trillion in new wealth but most investors are buying the wrong stocks. Learn what Wall Street insiders are buying. | | | | More here. |
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Markets | | | A 7% jump in Friday's pre-market session should tell you everything you need about Amazon.com Inc. (NASDAQ: AMZN) Q4 results. The e-commerce giant released them after the bell rang to end Thursday's session in one of the most eagerly anticipated reports of the earnings season so far.&nbs... Read the Full Story >> |
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Markets | | | Exxon Mobil's fourth-quarter revenue and profits declined along with the price of oil, and the energy giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit and the company raised its quarterly dividend.Shares rose 2% b... Read the Full Story >> |
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Markets | | | AbbVie (NYSE: ABBV) is turning an important corner in 2024 and is on track to resume growth. Its Humira-related patent cliff aside, the business is stronger than ever, and the patent cliff is more of a bump than a steep drop. The takeaway for investors is that Humira sales are resilient, doctors a... Read the Full Story >> |
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Markets | | | Markets in China sank Friday despite a fresh flurry of measures to help prop up the ailing property sector, as the International Monetary Fund forecast that the Chinese economy will continue to slow in coming years. The report by the IMF forecast that the economy would expand at a 4.6% annual pace t... Read the Full Story >> |
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Markets | | | The nation's employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy's continuing ability to shrug off the highest interest rates in two decades Read the Full Story >> |
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