Good MorningEquity markets began the week on uncertain footing, falling from the previous week's high. The move is due to the increasing likelihood that high interest rates will remain in place until mid-year. The Fed needs to be certain that inflation is tamed, and cutting rates too soon would be a mistake. As it is, economic activity is barely contained; a rate cut at this point would accelerate inflation and put the Fed back into a rate-tightening posture.
This week will be dominated by earnings news. More than 100 S&P 500 companies, including names like Caterpillar and Disney, are slated to report. Caterpillar reported better-than-expected and sent its share price soaring, but profit-taking capped gains. Disney will report later in the week. It isn't expected to report much growth but may excite the market with news of turnaround and repositioning efforts. Featured: Free Stock Analysis Report: What's Your Stock Really Worth? (Vector Vest) 
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Markets | | | Analysts at big banks like The Goldman Sachs Group (NYSE: GS) often employ "top-down analysis," which starts with understanding the economy's fundamentals and selective industries. You can gauge what goes on by following the leading indicators, such as the ISM manufacturing PMI ... Read the Full Story >> |
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Markets | | | Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping had met with officials to discuss the markets. Oil prices rose and U.S. futures were mixed. Bloomberg reported that Xi was brief... Read the Full Story >> |
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Markets | | | Skechers U.S.A. Inc. (NYSE: SKX) is a global lifestyle and performance footwear and apparel company that has really hit its stride in the last decade. The company’s shares recently hit all-time highs at $65.17 on Jan. 22, 2024, and just reported record annual revenues topping $8 billio... Read the Full Story >> |
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From Our PartnersAmericans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges. | | | | See why investors are so impressed by this overlooked gold investment strategy. |
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Markets | | | World shares are mostly higher, led by gains in China after a state investment fund said it would step up stock purchases and a report said that leader Xi Jinping planned to meet with officials to discuss the markets Read the Full Story >> |
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Markets | | | Earnings season is well underway, and the winner-and-loser separation continues to grow. Of the companies that beat consensus analyst estimates, even fewer go well beyond and exceed analyst expectations. Are these one-off events, financial engineering, lowballed forecasts or a sign of an im... Read the Full Story >> |
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Markets | | | HCA Healthcare Inc. (NYSE: HCA) is the largest for-profit hospital company in the United States. The company owns and operates 186 hospitals and nearly 2,400 ambulatory sites, including freestanding emergency rooms, urgent care and surgery centers, and physician clinics in 20 states and the United... Read the Full Story >> |
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Markets | | | A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing's resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in Shanghai and Hong Kong surged Tuesday af... Read the Full Story >> |
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Markets | | | The list of Silicon Valley’s hottest technology companies just got an unlikely addition in Sanmina Corporation (NASDAQ:SANM). Shares of the San Jose-based electronic manufacturing services (EMS) provider ran as much as 38% on Tuesday after the company released fiscal 2024 first quarter finan... Read the Full Story >> |
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Markets | | | UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. The Zurich-based lender reported losses before tax of $751 million in the quarter, which included ... Read the Full Story >> |
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Markets | | | Turkey has seen its fifth central bank leader depart in as many years as Hafize Gaye Erkan, the first woman in the top role, stepped down after just eight months in the job.She announced her resignation late Friday after recent claims of nepotism emerged in local media, allegations that Erkan, a for... Read the Full Story >> |
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The Early Bird Stock Of The DayTuesday: Stock Being Upgraded ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. The company operates the Now platform for workflow automation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, electronic service catalogs and portals, configuration management systems, data benchmarking, encryption, and collaboration and development tools. It also provides i... | | View Today's Stock Pick |
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