Cold, wet weather on the US West Coast could lead to increased demand and higher gas prices in February, diverging from the warming trend in states east of the Rockies.
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The Biden administration's decision to pause liquefied natural gas (LNG) export approvals is causing political backlash, pleasing climate activists, and creating uncertainty in energy markets, but it is unlikely to prevent the U.S. from maintaining its position as the world's top LNG exporter.
The recent approval of spot Bitcoin ETFs has led to a drop in the price of Bitcoin, but a bigger risk for the cryptocurrency lies in a potential market selloff triggered by a bad recession, according to Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com.
The media and entertainment industry is expected to see more layoffs in 2024 as companies struggle with rising costs and financial difficulties, with major companies like Paramount Global, YouTube, Universal Music Group, Pixar, Business Insider, Los Angeles Times, and Sports Illustrated all announcing job cuts.
Stocks ended the day mixed on Friday after giving up modest gains that followed a report showing that inflation slowed more than expected in December, with the Nasdaq Composite falling 0.4%, the S&P 500 slipping 0.1%, and the Dow Jones Industrial Average rising 0.2%.
The media and entertainment industry is expected to see more layoffs in 2024 due to rising costs, debt, and the need for companies to operate more efficiently, with layoffs announced or rumored at companies including Paramount Global, YouTube, Universal Music Group, Pixar, Business Insider, Los Angeles Times, and Sports Illustrated.
The Supreme Court's upcoming ruling in the Sheetz v. El Dorado County case could potentially address the impact fees that contribute to the housing affordability crisis in the United States.
The stock market loses gains in the afternoon, with major indexes weakening and venturing into negative territory.
The market is highly optimistic about Advanced Micro Devices (AMD) and expects a significant rise in its stock if the company's earnings and guidance beat expectations, possibly reaching $200, but a disappointing outcome may lead to a decline similar to Intel and Tesla.
Stocks waver as key inflation data shows a slowdown in the core personal consumption expenditures price index, impacting expectations of when the Fed will cut rates.
The stock market rally continued as the S&P 500 and Dow Jones hit record highs, earnings reports were mixed with winners such as ASML, American Express, Netflix, United Rentals, Verizon, and New Oriental Education, and notable losers including Tesla, Humana, and Intel, while economic data showed strong growth and cooling inflation.
Wall Street is increasingly deploying quantitative analysts in private equity and credit to gain an edge in the opaque markets, which have grown fourfold in the past decade to command $10 trillion, according to data from alternative-asset consultancy Preqin.
Pending home sales climbed 8.3% in December, surpassing expectations, indicating that existing-home sales are likely to accelerate.
Intel's fourth-quarter results were slightly better than expected, but a soft first-quarter forecast and concerns about the company's foundry business and AI accelerator pipeline caused shares to fall by 10%.
Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut.
The Atlanta Hawks are seeking two first-round picks and a starting-caliber player in exchange for trading Dejounte Murray, who is considered the top lead guard option available, while teams like the Lakers, New York, Milwaukee, and Philadelphia are all in the market for point guard help.
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Shares of Tesla Inc. dropped 26.5% in 2024 due to disappointing earnings calls, price cuts, and increasing competition, leading Wedbush analyst Daniel Ives to call the performance a "train wreck."
EV brand Polestar is cutting approximately 450 jobs in its global workforce, aiming to reduce spending and boost sales of its upcoming Polestar 3 and 4 models without relying on additional funding from parent companies Geely and Volvo Cars.
Billionaire hedge-fund manager Jeffrey Gundlach suggests that investors should consider cash and gold due to the "grabby" behavior currently seen in financial markets, with a bond rebound and S&P 500 records driven by momentum rather than soft-landing hopes, prompting a potential drop in the S&P 500 and a downturn by mid-year. Gundlach also advises avoiding most parts of the credit market and assets that have recovered and gone back to early 2020 levels.
Brent crude oil prices surpassed $80 per barrel due to strong U.S. economic data, Houthi strikes in the Red Sea, surging product freight rates, and geopolitical tensions; the White House has asked China to help deal with Houthi rebels attacking commercial tankers in the Red Sea.
The Treasury market is lifted by better-than-expected PCE inflation data, while the tech sector suffers from weak guidance from Intel, and upcoming mega-cap earnings and the Fed meeting are on the horizon.
Treasury yields rose and stocks were mixed as traders analyzed US spending and inflation data to anticipate the Federal Reserve's next moves.
Arm Holdings, a semiconductor design leader, is expanding its presence beyond mobile phones into automotive, cloud computing, and artificial intelligence, positioning itself for future growth opportunities. Arm stock has been performing well and is expected to benefit from the increasing functionality of smartphones and the emerging market of Arm-based Windows notebooks.
Starting in 2024, a new pilot program will allow customers to browse and purchase Hyundai cars directly on Amazon, expanding their current "electronic showroom" partnership, although it will initially only include new Hyundais and exclude trade-ins and used vehicles.
U.S. stocks are near record highs as Wall Street approaches its 12th winning week in the last 13, with the S&P 500 setting a record high for five consecutive days, while Intel and Visa drag on the market despite reporting better-than-expected results.
Dow Jones futures and S&P 500 futures were slightly lower, while Nasdaq futures fell, with Intel, Visa, and American Express reporting earnings overnight and the stock market rally showing mixed results.
Semiconductor manufacturer Nvidia's stock has already increased by over 20% year to date, leading investors to question if it is too late to invest, but with the company's strong momentum and the continued growth of the artificial intelligence market, buying Nvidia shares at this time may be a favorable opportunity.
In 2023, smartphone sales in China declined by 5% compared to the previous year, with Huawei experiencing a resurgence and Apple taking the top spot for the first time in Q4; however, the overall market is expected to experience a "moderate recovery" in 2024.
China's stock market has experienced a significant slump in recent years, and while a series of measures taken by Chinese officials have stabilized the market in the short term, long-term gains will be limited due to underlying economic problems such as real estate downturn, deflation, debt, and demographic challenges.
Wall Street legend Burt Malkiel advises investors to ignore experts' forecasts and recession predictions, emphasizing the benefits of index funds over stock picking and warning against speculation in assets like bitcoin. He also highlights the likelihood of lower returns due to high stock valuations and the futility of predicting market downturns.
Deere & Company, known for its strong brand and diverse product portfolio in the agriculture and construction industries, presents a compelling long-term investment with undervalued stock, record cash flow, and a commitment to innovation. The upcoming infrastructure bill and their ability to navigate cyclical downturns further support their potential for growth and shareholder returns.
About one-third of marijuana users in the US would turn to the illegal market if marijuana were rescheduled and made exclusively available through prescription drugs from the FDA, according to a survey by NuggMD.com. The survey also revealed that 55% of respondents expressed a preference for obtaining marijuana through pharmacies, while 77% preferred obtaining it through dispensaries rather than FDA-approved cannabis products.
Intel's stock plummeted over 12% after a disappointing first-quarter revenue outlook, highlighting the company's struggle to keep up in the AI race and navigate a weak PC market.
Luxury conglomerate LVMH experienced a surge in share prices after announcing a dividend increase and reporting record 2023 results, with sales reaching €86.2 billion, despite a slowdown in the luxury sector due to declining consumer spending.
Investors who want to take advantage of a bull market while preparing for potential market lows can make three key changes: review portfolio correlation, build a cash position, and invest in companies based on long-term beliefs rather than short-term momentum.
The market experienced a strange day marked by fluctuations and rising implied correlations and volatility, leading to speculations about exhaustion and upcoming events such as tech earnings, the Fed, and the jobs report.
Investment analyst Callie Cox states that historically, investing in the S&P 500 at all-time highs has yielded better returns over the next year than investing on any other day, with the market typically going up and hitting new highs after reaching record levels. Furthermore, the current market environment, supported by a strong economy and anticipated rate cuts, suggests that stocks could continue to rise.
Morgan Stanley is optimistic about Q4 earnings and expects solid growth, identifying eight stocks that are expected to perform well in the market.
Investors should consider buying shares of Snowflake and Datadog, two companies ranked highly on the Fortune Future 50 List for 2023, due to their long-term growth prospects and affordable stock prices. Snowflake offers a cloud platform that supports data sharing across major public clouds and is well-positioned for AI workloads, while Datadog provides observability software for development and operations teams and is a leader in several observability software verticals. Both companies have reported strong financial results and are expected to continue growing in the future.
The S&P 500 has reached a record high and entered bull market territory, creating an opportunity for investors to buy shares of Snowflake and Datadog, the top-ranked companies on the Fortune Future 50 List for 2023, with both stocks being affordable and having strong growth prospects.
The Euro weakened after the ECB press conference, with markets now expecting an April rate cut due to weak Euro Area growth and falling inflation.
Oil prices have gained upward momentum due to geopolitical tensions and inventory drawdowns, and analysts predict that seasonal shifts in demand and anticipated interest rate cuts will continue to push prices higher in the near future.
Global shares were mixed as Japan's benchmark fell due to slowing inflation, while France's CAC 40 jumped and Germany's DAX shed; U.S. shares were set to drift lower, and China's markets ended their winning streak; the U.S. economy grew stronger than expected in the last quarter, raising hopes for interest rate cuts and easing pressure on financial markets.
Walmart's subsidiary Flipkart maintains its dominance in the Indian e-commerce sector with a 48% market share, outpacing competitors like Amazon, while Meesho emerges as the fastest-growing e-commerce platform with a focus on Tier 2 and smaller cities.
Jorge Soler, a free agent slugger, is seeking a multi-year deal after a successful season, with the Toronto Blue Jays showing strong interest in signing him.
There are concerns about Zach LaVine's right ankle/foot injury and uncertainty about whether he will be traded by the Bulls before the trade deadline.
A shift in investor perception towards China and Japan is the major trend in financial markets, with Japan's stock market experiencing a notable comeback while stocks in China have been declining.
The energy market in 2024 is expected to see a decline in OPEC production, potential downward pressure on natural gas prices due to a "historically strong" El Niño event, a booming biofuels industry, a rebound in jet fuel demand, and a shift in pricing dynamics with rising U.S. inflows.