Dow Jones futures and stock market rally fluctuated with positive economic growth but negative earnings reports for Intel and Visa, along with a significant drop in Tesla stock, while companies such as Expedia, Adobe, Caterpillar, and New Oriental Education showed potential for buying opportunities, but caution is advised in the short term.
Global commodity markets are experiencing a "super squeeze" due to supply disruptions and lack of investment, exacerbated by geopolitical and climate risks, according to HSBC's chief economist Paul Bloxham.
Barbara Walters' Upper East Side home, located in a historic building with Central Park views, is back on the market for $16.99 million after a previous buyer backed out.
Jason Meador is appointed Head of Direct Markets as Vince Santivasi retires, while Dalynn Hoch rejoins Zurich North America to lead RCIS.
Luxury EV manufacturer Lucid Group's share price dropped almost 6% due to a general slowdown in EV sales growth and negative sentiment following Tesla's disappointing fourth-quarter results.
Luxury EV maker Lucid Group's share price has dropped by almost 6% after Tesla's disappointing fourth-quarter results, leaving investors worried about its future given its similarities to Tesla and lack of capitalization and product diversity.
Newmont Corporation closed at $34.49, but its stock has depreciated in the past month and is currently rated as a Strong Sell, with a premium valuation compared to the industry average.
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Ares Capital closed at $20.49, marking a +0.79% move from the previous day, outperforming the S&P 500, and investors are eagerly anticipating the company's upcoming financial results and earnings announcement on February 7, 2024.
NIO Inc. closed at $6.04, showing a slight decrease from the previous day, and the company's stock has dropped by 33.3% in the past month, underperforming the Auto-Tires-Trucks sector.
Costco's stock price decreased by -0.96% in the latest trading session, while the S&P 500 saw a gain of 0.53%, and investors are eagerly awaiting the release of the company's financial results, which are expected to show a rise in EPS and revenue compared to the previous year.
C3.ai, Inc. closed the latest trading day with a -1.02% change, lagging behind the S&P 500, and market participants are eagerly awaiting the company's upcoming financial results, which are projected to show a significant drop in EPS compared to the previous year.
SoFi Technologies, Inc. (SOFI) ended the latest trading session at $7.65, outperforming the S&P 500 but lagging behind the Business Services sector, with its forthcoming earnings report and positive estimate revisions being closely monitored by the investment community.
Plug Power (PLUG) ended the latest trading session at $3.41, down 1.87% from the previous day's close, while the stock has dropped by 26.22% in the past month; upcoming earnings disclosure and analyst estimates changes will be closely watched by investors.
The lack of reliable hydrogen infrastructure and high fuel prices are hindering California's progress in decarbonizing its transportation sector using hydrogen as a zero-emission fuel option, according to an analysis by S&P Global.
Stock market indices gained ground as stronger prints on Q4 GDP, inventory levels, Q4 earnings, and new home sales boosted bullish sentiment, with companies like Amazon, Microsoft, and Alphabet setting new highs. Intel and Visa posted impressive Q4 earnings, while T-Mobile had mixed results.
AT&T stock rebounds almost 3% after disappointing Q4 figures as three analysts raise their price targets, with the highest increase coming from DZ Bank's Matthias Volkert adding $1.50 per share to his target for a new figure of $17.50, while TD Cowen's Gregory Williams and Scotiabank prognosticator Jeff Fan also raise their price targets.
AT&T stock saw a bounce in its share price after several analyst price target increases, closing the session almost 3% higher than the previous day.
A strong U.S. economy and declining mortgage rates are expected to boost demand for homes and make home loans more affordable, benefiting the struggling housing market.
Stocks opened higher after data showed strong economic growth in Q4 2023, but gains were later tempered by negative earnings from Tesla, while the likelihood of a rate cut in March has decreased.
Skydance Media, alongside financial backers Redbird Capital and KKR, is reportedly in talks to acquire National Amusements, the holding company of Paramount Global, in a deal that would potentially take Paramount private, leading to an 8% increase in Paramount's stock price, according to reports.
Apple became the leading smartphone seller in China in 2023, capturing 17.3% of the market, according to International Data Corporation (IDC), indicating a potential shift toward recovery in the Chinese smartphone market.
The S&P 500 is poised for another record close, but other market indicators such as the Value Line Geometric Index and the Russell 2000 show a significant performance gap and highlight the dominance of large-cap stocks over small-cap stocks in the U.S. market.
Tesla shares dropped by over 12% after CEO Elon Musk warned that Chinese carmakers are highly competitive and could potentially surpass other car companies if trade barriers are not established, in addition to slower predicted sales numbers for 2024 and uncertainties about interest rate changes.
Firmer-than-expected US GDP figures supported the US Dollar, while the ECB's decision to maintain the rate cut plan took a secondary role, with key events on the US docket including the release of inflation figures and Gfk's Consumer Confidence gauge on Friday.
Microsoft is aiming to reach a market value of $3 trillion, which would put it in competition with Apple.
Tesla's market value has dropped to its lowest point in over 7 months due to a decline in volume growth and lower-than-expected earnings, now ranking below companies like Broadcom and Eli Lilly.
The commercial real estate market is facing a potential crisis with a massive default on commercial real estate debt expected, leading experts to describe it as a "slow moving train wreck" due to high interest rates and the impact of remote work on office spaces.
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Gold prices have remained relatively stable recently, but the upcoming U.S. Core PCE data could impact its near-term outlook, with a breakout above $2,030 or below $2,005 crucial for major directional moves.
The stock market is expected to have significant upside after the Federal Reserve implements its first interest-rate cut, with potential gains of 24%, according to research from Ned Davis.
Shares in Tesla fell by 11% and its market value dropped by $73 billion after the company warned of slower growth in electric car sales and increasing competition from Chinese rivals.
Apple is reportedly planning to use TSMC's 2nm chip process for future products, potentially leading to improved performance and power efficiency, with production starting in the second half of 2025.
US stocks rose despite Tesla's downbeat earnings and were boosted by a hotter-than-expected US economic growth reading, with the Dow Jones Industrial Average opening 0.2% higher and the S&P 500 rising 0.4%.
The global rare disease therapeutics market is expected to experience significant growth between 2018 and 2028, driven by advancements in genetic research, targeted therapies, and regulatory incentives.
Market veteran Ed Yardeni is concerned about a potential stock market meltup as sentiment measures indicate caution, and he believes that the Fed lowering interest rates could exacerbate the situation.
Sales of new single-family homes increased by 8% in December compared to the previous month, and rose by over 4% for the year, with prices reaching their lowest in two years, according to government data, as builders offered incentives and mortgage rates declined.
ASML Holding, a Dutch company benefiting from the AI boom, hit a new record high in shares, surpassing a market cap of $350 billion and becoming Europe's third-largest company by market value.
Developers are rushing to build new homes as owners remain reluctant to put their properties on the market, creating a growing demand for newly built houses.
The housing market remains competitive with easing mortgage rates, while vacation rentals experienced high vacancy rates and new rules for independent contractors are set to be implemented in March. Additionally, Howard Dicus discusses unemployment rates by island in Hawaii and the use of travel nurses in understaffed hospitals, as well as the passing of American composer Peter Schickele.
Investment-grade companies have issued a record-breaking $153bn worth of bonds this month as yields on government bonds continue to fall, leading to a surge in corporate debt issuance and an increase in economic activity.
The U.S. economy exceeded expectations by expanding at a 3.3% annualized rate in the fourth quarter, with robust consumer spending and government expenditures driving growth; however, concerns remain about the impact of previous interest rate hikes and the sustainability of consumer spending.
Henry Fernandez, the founder of MSCI, a provider of stock market indices, started his career as a Nicaraguan diplomat before embracing free-market capitalism and playing a role in several financial revolutions, including the rise of index tracking and ETFs. Now, he is betting that MSCI's indices can penetrate the world of private finance, and believes advances in technology could eventually lead to a secondary market for private assets, bringing them to the masses.
The Economist has rebased its commodity-price index in January 2024 and provides new weights for the index.
The global human machine interface (HMI) market is expected to experience significant growth in hardware, software, and service sectors, with Asia-Pacific and South America leading the way, according to a report by ResearchAndMarkets.com.
Despite market expectations and speculation, the Federal Reserve is not currently indicating that a rate cut is imminent, and instead prefers to exercise patience given the economy's resilience and strong growth.
The pickleball craze in the US has led to the rise of indoor facilities, with operators repurposing abandoned retail spaces and big-box stores; these facilities have unique approaches to construction, sound issues, flooring selection, revenue models, food and beverage offerings, add-on services, and whether to franchise.
Chinese stocks surged in Asian markets after the People's Bank of China (PBOC) announced plans to reduce banks' reserve requirement ratio, aiming to release $139.8 billion in long-term capital and stabilize the nation's volatile stock market, although concerns about the economic downturn and the efficacy of these measures remain.
The surge in U.S. stocks owned by retirees, which currently stands at a record 80%, could pose a threat to the stock market and economy if a downturn occurs, as the selling pressure from older Americans rushing to exit positions could exacerbate the spiral and impact consumer spending.
The market is currently not correlated, with the USD and Crude down, the 30 Year T-Bond up, the S&P and Gold up, and Europe trading lower; traders should be aware of this and approach with caution.