Equity markets tried to rebound on Thursday, but the move was weak and short-lived. The S&P 500 gained about a half percent at the session’s high but closed the day with a loss of 0.35%. The move may turn into a deeper rout today following the NFP report. If it aligns with labor data released this week, it will reaffirm the idea that the FOMC will keep interest rates higher for longer. In this scenario, the FOMC is on track to cut rates in 2023, but when and why are yet to be seen. As it is, the first cuts aren’t likely until later in the year.
Next week starts peak earnings season, but don’t get too excited yet. The reports will come out in dribbles until Friday, when reports from the big banks are due. The general expectation is that banks generate solid profits due to higher interest rates and can sustain capital returns. The question is how the consumer is holding up. If the banks reveal a weakened or weakening consumer, the sell-off in equities could gain momentum regardless of bank earnings.
Over the festive season, as the world welcomed Christmas and New Year’s, conversations likely gravitated toward Bitcoin and cryptocurrencies, as the popular digital currency has surged higher in recent months. Much like how Memorial Day and Labor Day weekends set the stage for engaging discussions…
Marketbeat.com provides many tools for investors, including analyst-tracking algorithms. A single upgrade is worthless, but a trend of upgrades can repeatedly drive a stock to new highs. Today, we’re looking at the five top-rated by analysts as tracked by Marketbeat. What does top-rated mean…
Companies with unique competitive advantages aren’t always rewarded by the market: Etsy Inc. (NASADQ: ETSY), International Flavors & Fragrances Inc. (NYSE: IFF) and Zimmer Biomet Holdings Inc. (NYSE: ZBH) are examples of stocks that appear to be trading well below their intrinsic value, …
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Coinbase Global Inc. (NASDAQ: COIN) is the largest publicly traded cryptocurrency exchange in the U.S. It is arguably the most trusted and stable exchange due to its regulatory transparency and liquidity. As a member of the financial services sector, Coinbase is considered the crypto exchange of c…
Asian shares mostly declined Friday, after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar. Benchmarks rose in Tokyo but fell in Sydney, Seoul, Hong Kong and Shanghai. The yen has weakened amid speculation that the Bank of Japan might go sl…
The AI sector is booming, potentially reaching $2 trillion by 2030. Have you positioned yourself to benefit? Our exclusive report on the hottest Top 5 AI Stocks provides you with insights not found elsewhere.
The United Nations has issued a somber global economic forecast for 2024, pointing to challenges from escalating conflicts, sluggish global trade, persistently high interest rates and increasing climate disasters
Global shares retreated on Friday although export-related Tokyo stocks got a boost as the dollar strengthened against the Japanese yen. U.S. futures edged lower while oil prices rose nearly $1. Investors are awaiting the release of a comprehensive report on the jobs market from the U.S. Labor Depart…
Cal-Maine Foods (NASDAQ: CALM) shares fell following its Q2 report due to weakness at the top and bottom lines. The weakness was caused by dramatically falling egg prices compounded by an avian flu outbreak. However, as bad as this sounds, investors buy the dip for several reasons. Among them are …
Bringing resurgent inflation down was never expected to be so relatively pain-free.Federal Reserve Chair Jerome Powell warned of hard times ahead after the Fed began jacking up interest rates in the spring of 2022 to attack high inflation. Economists predicted that the much higher borrowing costs th…
Carbon dioxide emissions in Germany, Europe’s biggest economy, dropped to their lowest level in seven decades as the use of coal declined unexpectedly sharply in 2023 and economic pressures weighed down production by energy-intensive industry, according to a study released Thursday.Germany aims to c…
Wave Life Sciences Ltd., a clinical-stage genetic medicine company, designs, optimizes, and produces novel stereopure oligonucleotides through PRISM, a discovery and drug developing platform. It is developing oligonucleotides target ribonucleic acid (RNA) to correct disease-causing mutations, modulate protein activity, restore the production of functional proteins, or reduce the expression of disease-promoting RNAs or proteins. The company also develops WVE-004, a C9orf72 molecule for the treatm…
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