Two Motley Fool contributors believe that investing in SoFi Technologies and Airbnb would be a great move due to their potential for strong growth and improved profitability despite trading significantly lower than their previous highs.
Investing in SoFi Technologies and Airbnb could be a smart move as both companies have shown promising growth and potential for strong returns despite their stock prices currently being down.
Bitcoin and Ethereum prices remain high, but options data suggests potential plunge risks in the cryptocurrency market as whales increase their bearish positions despite bullish sentiment. Traders are advised to be cautious due to the mixed signals in the market and the upcoming holidays causing potential declines in liquidity.
The stock market's forecast for 2024 depends on whether the Federal Reserve can achieve a soft landing for the US economy, with analysts predicting slower economic growth, interest rate cuts, and improved corporate earnings; artificial intelligence is expected to remain a key investing theme in the coming year.
US mortgage rates continue to fall, reaching an average of 6.67% for the week ending December 21, the lowest rate since mid-August, due to the anticipation of Federal Reserve rate cuts in 2023.
Investors are eagerly awaiting Friday's inflation report, which will provide clues about the Federal Reserve's future interest rate decisions, and while the focus is on inflation, Wall Street is also closely monitoring other significant data points.
The housing market is easing, but investors should not wait for a better deal as mortgage rates drop, according to "Shark Tank" investor Barbara Corcoran, who advises buyers to find a great broker and get pre-qualified for a home loan in order to take advantage of the current market conditions.
US stock futures were mixed on Friday as inflation cooled in November, with Dow Jones futures falling 0.3% and S&P 500 futures just above the flatline, while Nasdaq 100 futures were up 0.1%; investors are still hopeful for an eighth straight week of gains despite the recent pause in the rally.
Tesla Inc. is expected to reach a trillion-dollar market capitalization in 2023 due to increased demand for electric vehicles and successful navigation of challenges, according to Wedbush analyst Dan Ives.
The U.S. may impose tariffs on products using legacy semiconductors made in China as the country's strong subsidies allow it to flood the market with these chips, undercutting Western firms and jeopardizing revenue for R&D.
Investors may face "seven lean years" of returns ahead, as households in the US have a high percentage of stock holdings in their investment portfolios, which historically leads to lower stock returns.
The stock market's biggest gains have historically occurred outside of market hours, highlighting the importance of events and information learned during these times for buying and selling stocks.
Despite various challenges, including inflation and geopolitical conflicts, the S&P 500 has experienced a significant 23% rally in 2023, with several growth stocks outperforming the broader market, making them potential investment opportunities during a market sell-off, including Monday.com, GitLab, and MongoDB.
Shares in Europe and Asia are mostly lower after strong profit reports helped Wall Street recover from previous losses, with China's new regulations on online gaming causing shares of Netease and Tencent to plunge and Japan's inflation rate falling to 2.5%.
Despite uncertainties in listings, prices, and mortgage rates, economists believe that the U.S. housing market will not crash next year due to low inventory and homeowners' stable financial positions.
Shares of Chinese tech giants Tencent, NetEase, Bilibili, and Kuaishou plummeted in Hong Kong after Beijing announced new regulations to restrict online spending in the gaming industry, wiping billions off their collective value and marking Tencent's worst day since 2008.
The International Energy Agency (IEA) has reduced its oil demand outlook for Europe in the fourth quarter of 2023, warning of a potential decrease in oil demand due to a slowdown in the global economy, tighter regulations, and the rising use of electric vehicles.
Morgan Stanley's outgoing CEO, James Gorman, believes that financial markets will flourish once the Federal Reserve stops raising interest rates, as uncertainty about cost of financing hampers banking and capital market deals.
Tesla CEO Elon Musk criticizes the intense regulatory pressure faced by public companies, the limitations imposed by shareholder pressure, and the impact of passive investing on market movements.
Bitcoin's dominance in the crypto market dropped to 53% as altcoins experienced significant growth, leading to a decline in Bitcoin's influence.
Elon Musk criticizes the high regulatory burden, pressure from shareholders, and volatility caused by passive investing in US financial markets.
Stock market futures fell slightly overnight, with Dow Jones and Nasdaq futures declining, while Nike plunged on mixed earnings, and the Federal Reserve's favorite inflation gauge is set to be released.
Donald Trump has recently made comments that resemble Adolf Hitler's rhetoric, and while the stock market has been performing well, Trump dismisses its gains as benefiting only the rich; however, high bond prices and falling interest rates are seen as positive developments.
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The South Florida housing market, which has seen high prices and low inventory, may see a boost as interest rates start to decrease, allowing more people to afford homes and build equity.
Alibaba's stock rose nearly 4% after an analyst note from JPMorgan Chase supported the bullish case for the company, while the analyst also reiterated a buy recommendation and maintained a high price target for the stock.
A new analyst note from JPMorgan Chase helped support the bull case for Alibaba, pushing its stock almost 4% higher.
Annaly Capital Management's stock closes with a 1.6% increase, outperforming the S&P 500, as investors eagerly await the company's upcoming earnings disclosure.
Super Micro Computer's stock closed at $304.18, with a 0.7% increase from the previous session, and investors are eagerly awaiting the company's upcoming earnings release, which is projected to show a significant increase in EPS and revenue.
Altria (MO) closed at $40.31, up 0.02% from the previous day, while underperforming the S&P 500; analysts are anticipating an earnings decline in the forthcoming report.
NextEra Energy ended trading with a slight decrease in price, lagging behind the S&P 500, and investors are anticipating the company's upcoming earnings disclosure.
VF Corp's stock rallied 7.08% on a positive trading session, outperforming some competitors like Nike.
The market rebounds after a down day, but Threadneedle Ventures Founder Ann Berry believes the market will be disappointed as she doesn't think the Federal Reserve will make as many rate cuts as the market expects.
Florida homeowners are experiencing rising insurance rates, but there are signs of relief as more insurance companies remain open for business and assessments become less frequent.
The EUR/USD climbed above 1.1000 as US inflation figures indicate a continued slowdown, leading to increased rate cut expectations from the Federal Reserve.
Small-cap stocks, particularly those in the Russell 2000 index, have seen a surge in popularity as investors become more confident that the Federal Reserve will cut interest rates instead of raising them, with many strategists recommending the use of indexes like the S&P 600 for a higher quality and profitability filter.
Despite concerns about the U.S. market and potential economic slowdown, stock newsletter editors predict solid growth and offer recommendations for 2024, including turnarounds like Goodyear Tire & Rubber and Kohls, value stocks in the energy and financial sectors like BP and Westamerica Bancorp, and undervalued companies such as Albemarle and Bristol-Myers Squibb.
Economist Mohamed El-Erian warns that the co-dependence between the Federal Reserve and markets poses a threat to financial stability and the economic well-being of current and future generations.
Wall Street's sudden Wednesday downdraft has traders and analysts weighing whether more pain may be in store, as many stocks are overbought and a pullback may be imminent.
Angola's departure from OPEC, combined with Red Sea attacks diverting shipments, causes crude oil prices to fluctuate.
Market watchers do not expect multiple rate hikes from the Bank of Japan next year, as the two-year Japanese government bond yield suggests a 'lower for longer' outlook.
The stablecoin market in 2023 has experienced significant regulatory advancements and integration into mainstream finance, indicating a pivotal year marked by a push for stability and security, laying the foundation for continued growth and innovation in the sector.
Consumer companies eyeing a public debut in 2024, such as Reddit, Panera Brands, Shein, and Skims, are waiting for a healthier consumer sentiment and favorable market conditions before going public. The timing will depend on factors like consumer spending, interest rates, and inflation, with the second half of 2024 expected to see significant IPO activity. Investors will be more valuation-sensitive and focused on financial fundamentals rather than just growth.
A Santa Claus rally in the stock market could bring new highs to the major averages next week, with historically stocks being higher 79% of the time during this trading window with an average gain of more than 1%.
Mortgage rates have continued to decline, leading to a slight improvement in the real estate market, although economists predict that affordability will not significantly improve in the near future.
The sudden drop in the S&P 500 index on Wednesday was attributed to the popularity of zero-day to expiry options, which are being compared to lottery tickets for individual investors and tactical protection for large funds. However, there is still disagreement over the exact cause of the decline.
The USD/CAD reached a 19-week low as the Canadian Dollar strengthens and risk appetite recovers, driven by lower than expected US inflation figures and expectations of further rate cuts from the Federal Reserve.
The BidenCash stolen credit card marketplace is attracting cybercriminals by giving away 1.9 million credit cards for free, although the validity of the cards has not been confirmed.
Investor enthusiasm towards the stock market has surged to record highs, indicating that the rally may be hitting its limits in the short-term, as sentiment indicators reach extreme levels, although overbought readings alone aren't enough to end a bull market rally.
Short sellers on Wall Street have lost nearly $178 billion this year, with the top six stocks being in the Magnificent 7, reflecting the unexpected nature of the 2023 stock market rally.