Nokia's stock price has risen by 3.86% in the past month, outperforming the Computer and Technology sector, and the company is expected to announce its financial results on January 25, 2024, with estimated lower EPS and revenue compared to the previous year.
Synopsys (SNPS) stock ended the latest trading session at $494.40, down 0.81% from the previous day, as the upcoming earnings release and estimate revisions continue to impact investor interest.
Petrobras experienced a slight increase in its stock price, outperforming the S&P 500 but underperforming the Nasdaq, and analysts are closely monitoring its upcoming earnings disclosure, which is projected to show a decrease in earnings and revenue compared to the previous year.
Altria's stock price decreased by 0.63% and trailed behind the S&P 500, but analysts are closely monitoring the company's upcoming earnings release with projected revenue growth and a potential impact on share prices.
The text provides a notice indicating that the information presented is not an offer, solicitation, or recommendation to trade securities, sourced from reliable but not guaranteed sources, and subject to change without notice.
The SPDR S&P Software & Services ETF (XSW) and the iShares Expanded Tech Software Sector ETF (IGV) have different levels of market breadth, with XSW offering a more diversified exposure; swing trading opportunities may arise if market breadth improves in the future.
The launch of spot bitcoin exchange-traded funds threatens the relevance of gold as an investment, as these ETFs mark the beginning of the digital era and indicate the emergence of bitcoin as a new investable asset class.
Stocks finished mixed on Friday as lackluster bank earnings failed to boost hopes for a strong quarterly earnings season, but the S&P closed the week in positive territory; meanwhile, Apple is on track to post a winning week after struggling in the early sessions of 2024, and Citigroup plans to cut 20,000 jobs by 2026.
The S&P 500 was approaching its all-time high at the end of 2023, with a market cap of $40.04 trillion, and the top 10 component stocks accounted for 30.86% of the index's total value.
Investors are hopeful for a positive economic outlook in 2024, but there are concerns about potential disruptions from inflation and interest rates.
The stock market rebounded with the Dow Jones hitting a record high and the S&P 500 nearly doing so, led by Nvidia's new AI chips and positive earnings reports from companies like JPMorgan Chase and Delta Air Lines, while the SEC approved spot bitcoin ETFs. However, Boeing faced challenges after a 737 Max 9 incident, and inflation reports increased expectations for a Fed rate cut.
Americans will pay tribute to Martin Luther King Jr. on Monday, as Martin Luther King Jr. Day commemorates his life and legacy as a leading voice in the fight for racial justice; it is a federal holiday, resulting in the closure of stock and bond markets, the U.S. Postal Service, banks, nonessential federal government offices, and schools, while stores are likely to be open.
Amid record highs in the stock market, investors should remain cautious as market veteran Ed Yardeni identifies four key risks including inflation, the US deficit, Houthi attacks in Yemen, and tensions between China and Taiwan.
The text provided contains information about joining Barchart Premier for a "Market on Close" program with John Rowland, as well as various features and tools offered by Barchart.com.
Tesla's stock took a hit after the company announced that its Berlin factory will temporarily close due to shipping disruptions caused by attacks in the Red Sea, potentially affecting the production of up to 14,000 vehicles; in addition to the Red Sea conflict, Tesla is facing other challenges including aggressive EV price cuts in China, rising US interest rates, and Hertz's decision to switch from EVs to gasoline cars.
Viatris, an American pharmaceutical company, has seen its share price increase due to factors such as rising sales of branded drugs and optimistic statements from management, but there are concerns about declining margins and sluggish sales of generic products. The company's high dividend yield and strong balance sheet offer some appeal, but its revenue is projected to decline, and there are risks associated with recent acquisitions and a lack of growth in the sales of generics. Overall, the author suggests a "hold" rating for Viatris.
The US Dollar (USD) experienced downward pressure but recovered after weak Producer Price Index (PPI) data, while US bond yields are declining and dovish bets on the Federal Reserve (Fed) are intensifying; the USD's resilience is being offset by the Fed's dovish stance and expectations of an easing cycle.
Stocks in the US faced pressure as oil prices rose, airline and health insurer shares fell, and major banks reported quarterly results.
The U.S. job market experienced a smooth 2023 despite uncertainties, and to maintain strength in 2024, job seekers should pay attention to five economic trends: moderate hiring demand, an influx of prime-age workers, a stable quitting rate, a downward trend in wage growth, and increased usage of Generative AI.
The global naphthalene sulfonate industry is expected to grow at a CAGR of 3.4% from 2023 to 2031, reaching a value of $1.1 billion, driven by the demand for environmentally friendly construction materials and the development of customized products to meet industry-specific requirements.
The producer price index (PPI) decreased in December, offering hope in the fight against inflation, contrasting with the less optimistic report on consumer prices, leading investors to look ahead to this week's second key inflation report.
Citigroup plans to cut 20,000 jobs by 2026 as part of a restructuring effort that aims to boost the bank's stock price, making it the smallest of the four big US banks by staff; tensions in the Middle East rise after US-led airstrikes in Yemen, leading to a 2% jump in oil prices; BlackRock's assets under management exceed $10 trillion, marking the first time it has reached this threshold in two years; JPMorgan CEO Jamie Dimon warns of "stickier" inflation and higher interest rates, urging caution in the face of unprecedented market forces.
The US hot rolled coil (HRC) market, which saw a significant rise in late 2023, may be experiencing a potential slowdown as indicated by the first week-over-week price decrease since September, backwardation in futures prices, and an increase in the capacity utilization rate; new developments in 2024 such as price hikes and expansion could impact the steel market's supply and pricing trends.
The $6 trillion sitting in money market funds is unlikely to flow into the stock market due to elevated interest rates and equity valuations, according to Ned Davis Research.
Wall Street analyst Michael Kantrowitz, who had a pessimistic outlook for the S&P 500 in 2023, has now become optimistic and predicts that the US equity benchmark could reach a record high of 5,000 this year, as long as the labor market remains strong.
Financial markets are betting on a Federal Reserve rate cut in March despite stronger than expected US CPI data, while the European Central Bank faces limited room for rate hikes and the EUR/USD pair is losing its bullish potential.
Stocks retreated on Friday morning despite positive earnings results from big banks, as investors continued to be cautious about the upcoming quarterly earnings season and potential economic challenges. Additionally, oil prices rose by over 2% following US-led airstrikes in Yemen, heightening concerns about potential disruptions to global trade. In another development, Citigroup announced plans to cut 20,000 jobs by 2026 as part of a major restructuring effort.
Wall Street's largest banks are expected to sell between $30 billion and $34 billion of new bonds in January due to looming maturities and stricter regulatory requirements.
Barchart.com provides various tools and resources for stock market analysis and trading, including market overviews, stock screeners, options and futures market information, and themed stock lists.
Layoffs in the tech industry have led many Big Tech employees to transition to smaller companies, but bridging the culture gap between the two can be challenging due to differences in mindset and execution, as well as inflated titles and the need for hands-on execution and tangible outcomes.
Wall Street closed its 10th winning week in the last 11 with a mixed finish following an encouraging report on inflation, as the S&P 500 edged up by 0.1%, the Dow Jones Industrial Average fell 0.3%, and the Nasdaq remained flat; stocks have been nearing record highs on hopes of interest rate cuts due to cooling inflation.
The US Dollar weakens as PPI numbers fall short, tensions rise in the Middle East, and the US Dollar Index flirts with a break below 102.
The 5-minute bar chart for Comex gold futures provides valuable analysis for active intra-day gold futures traders, including moving averages and support and resistance levels for buy and sell signals.
The stock market showed resilience despite a hotter-than-expected CPI inflation report, as Dow Jones futures fell modestly and oil prices jumped due to US strikes against Houthi rebels, while key earnings reports came in for companies such as UnitedHealth, Bank of America, JPMorgan, and Microsoft.
US-led airstrikes in Yemen have caused a sharp increase in oil prices as concerns rise over potential disruption to Middle East oil supplies.
Buffalo Niagara's housing market is predicted to be pretty flat this year, with home prices forecast to drop by 0.2%, but the market is propped up by a shortage of available homes for sale.
The Red Sox are unlikely to make a deep-end, long-term plunge to acquire top-of-the-rotation starters and are instead focusing on adding young pitchers who can be part of the team for multiple years through trades or free agency.
The hydrogen hubs market is projected to reach USD 5.9 billion by 2030, with a CAGR of 18.6% from 2023 to 2030, driven by global efforts to decarbonize and transition to cleaner energy sources.
The market is expected to continue to rise in 2024 due to the unrelenting force of liquidity, driven by rate cuts from central banks and the end of quantitative tightening (QT), although there are risks such as higher inflation and potential black swan events that could derail the positive outlook.
The ongoing process of industrialization and infrastructure development, particularly in emerging economies, is a significant driver for the petroleum coke market, leading to increased demand in sectors such as cement production, steel production, and metal manufacturing due to its cost-effectiveness and energy efficiency. However, the market faces challenges such as environmental concerns, regulatory compliance, fluctuating crude oil prices, the shift towards renewable energy, technological advancements, geopolitical instabilities, technological constraints in carbon capture, and infrastructure limitations.
The global electronic wet chemicals market is projected to reach USD 5.4 billion by 2028, driven by the increasing demand for electronic devices in various industries, particularly in semiconductor manufacturing, where precise wet chemical processes are essential for complex device architectures and materials. Acetic acid, the liquid form, and the Asia-Pacific region are expected to be the largest segments in the market.
U.S. banks, including JPMorgan and Bank of America, are expected to report declining profits in the fourth quarter due to higher interest rates and expenses related to regional bank failures; spot Bitcoin ETFs experience high trading volumes after being approved by the SEC; Burberry lowers profit outlook due to slowing global demand; oil prices rise after U.S.-led airstrikes in Yemen raise concerns about disruptions to Middle East supplies.
Tesla has reduced prices on its Model 3 and Model Y in China due to stiff competition and a challenging economic backdrop, while also facing a temporary shutdown of production facilities in Germany.
MicroStrategy's Bitcoin holdings, valued at $8.7 billion, exceed the company's market capitalization, with several factors including the launch of Bitcoin ETFs impacting its stock price in a decline of over 20% in January.
The near-term economic outlook for the ASEAN region in 2024 remains positive, supported by domestic demand, foreign direct investment, and recovery in the tourism industry, making ASEAN one of the fastest-growing regions in the global economy.
Taiwan's upcoming elections could potentially impact US-China relations but may have a minimal effect on markets.
Tesla has reduced the prices of its Model 3 and Model Y in China, putting pressure on rivals to lower their prices as the growth of the country's electric car market slows.
Tesla is reducing prices for several models in China, including the Model 3 and two variants of the Model Y, to stay competitive in the market, while Tesla stock has experienced a decline.
Buffalo, New York tops the list of hottest housing markets in 2024, followed by Cincinnati, Columbus, Indianapolis, and Providence, according to Zillow's rankings, with affordability being a key factor influencing homebuyers' choices.
Your browser compatibility with Barchart.com is not guaranteed, but you can view all results for your Stocks, ETFs, and Funds Screeners with Barchart Plus for less than $10/month.