Good MorningEquity markets rebounded to start the week but hit a top on Thursday. The CPI data was hotter than expected and plays into the idea that the FOMC will not cut rates before mid-year. That is contrary to a general expectation that the first cut will come in March, an expectation that will lead to disappointment if the inflation doesn't cool further. As it is, the headline CPI accelerated versus last year, while the core came in above consensus at 3.9%, nearly double the Fed's target.
The technical outlook is deteriorating for the S&P 500. The index hit a new high, if barely, while MACD and stochastic diverge. This is a signal of market weakness that could lead to a correction. Earnings season is heating up and may provide the next catalyst, but risk exists. Reports from the Big Banks were generally good but not enough to keep them from selling off after the releases on Friday; activity suggesting strength was priced in, and a further improvement in results may not be forthcoming. Featured: WARNING: Mandatory U.S. Dollar Recall to Begin on December 13th? (Legacy Research) 
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Markets | | | If you're considering investing in a dividend stock, you're likely wondering when your dividend payment date is. After all, dividend stocks are ideally about earning a steady income stream. Many public companies pay dividends regularly, usually quarterly, semi-annually or annually. Knowing ... Read the Full Story >> |
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Markets | | | You know those stocks from arcane industries that don’t get all the attention of, say Apple Inc. (NASDAQ: AAPL), Microsoft Corp. (NASDAQ: MSFT) or Nvidia Corp. (NASDAQ: NVDA)? Tradeweb Markets Inc. (NASDAQ: TW) is one of those. The stock is up 3.11% in the past month, and up 14... Read the Full Story >> |
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Markets | | | The big banks will get the headlines, but investors should watch UnitedHealth Group Inc. (NYSE: UNH). The health insurance giant scored a double beat when it reported fourth-quarter earnings on January 12, 2024. The headline numbers are as follows: Earnings per share came in at $6.16, beating anal... Read the Full Story >> |
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Markets | | | European markets opened lower while Asian markets were mostly higher on Monday as the week got off to a mixed start. U.S. markets will be closed for Martin Luther King Day, a holiday. France's CAC 40 lost 0.1% to 7,454.74. Germany's DAX slipped 0.1% to 16,688.90, and Britain's FTSE 100 shed 0.2% to ... Read the Full Story >> |
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Stocks | | | Wall Street closed its 10th winning week in the last 11 with a mixed finish Friday following an encouraging report on inflation.The S&P 500 edged up by 0.1% after earnings reporting season kicked off with mixed results from Delta Air Lines, JPMorgan Chase and others. The Dow Jones Industrial Ave... Read the Full Story >> |
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Markets | | | A 3% drop by lunchtime on Friday should tell you everything you need to know about the market's reaction to Wells Fargo & Company's (NYSE: WFC) earnings report. While the finer details will need to be examined more closely over the weekend, it's looking for now at least that a h... Read the Full Story >> |
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Markets | | | The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal with the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. All the banks had one-tim... Read the Full Story >> |
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Markets | | | When autonomous driving tech specialist Mobileye Global Inc. (NASDAQ: MBLY) got smacked down on January 4 on a surprise cut in its revenue forecast, it was signaling trouble throughout the automotive chip industry. Mobileye said after discussions with its major customers, “We have become aw... Read the Full Story >> |
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Markets | | | Germany's economy shrank 0.3% last year as Europe's former powerhouse struggled with more expensive energy, higher interest rates, lack of skilled labor and a homegrown budget crisis.Europe's largest economy has been mired in stagnation since the last months of 2022 amid those multiple challenges. T... Read the Full Story >> |
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Markets | | | UnitedHealth Group turned in a better-than-expected fourth quarter but surprised Wall Street with medical costs that soared 16%.Shares of UnitedHealth and other major health care and insurance providers slipped Friday after the company announced results. Health insurers dealt with rising medical cos... Read the Full Story >> |
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The Early Bird Stock Of The DayMonday: Stock Being Downgraded agilon health, inc. offers healthcare services for seniors through primary care physicians in the communities of the United States. As of December 31, 2022, it served approximately 269,500 medicare advantage members and 89,000 Medicare fee-for-service beneficiaries. The company was formerly known as Agilon Health Topco, Inc. and changed its name to agilon health, inc. in March 2021. agilon health, inc. was founded in 2016 and is based in Austin, Texas. | | View Today's Stock Pick |
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