Good MorningEquity markets rebounded strongly on Thursday but investors should not read too much into the move. The gains were driven by holiday trading and not any news or change to the fundamental outlook. As good as the near 2.0% gain is for the S&P 500, it left the index far short of key levels needed to signal truly bullish behavior.
The outlook for 2023 is as mixed as it has ever been. While the economic data continues to show underlying strength, the rise of inflation and FOMC interest rates remains a shadow that will weight on sentiment for the foreseeable future. If the market's fears are realized and there is a deep recession the S&P 500 will likely move much lower before the end of 2023.
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Markets | | | At first glance, it might seem like Kintara Therapeutics Inc (Nasdaq: KTRA) would not be a good investment. After all, analysts gave the stock a HOLD rating after its Q3 earnings report in November. However, that rating alone is not enough to understand the full scope of possibility in its future,... Read the Full Story >> |
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Markets | | | 2022 has been challenging for big tech. While the QQQ NASDAQ Index tracking stock (NYSE: QQQ) is down more than 33% from its post-pandemic peak names like Facebook (cough Meta Platforms (NASDAQ: META)), Amazon (NASDAQ: AMZN) and Salesforce.com (NYSE: CRM) are down more than 50%, and the figure may... Read the Full Story >> |
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Stocks | | | This article highlights three high-yield dividend stocks that investors will want to consider buying in 2023. Investors are expecting another volatile year. And owning dividend stocks is a time-honored way to stay invested during market volatility. Because these companies pay shareholders ... Read the Full Story >> |
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Markets | | | Power generation and energy storage systems maker Generac Holdings Inc. (NASDAQ: GNRC) stock has been a heartbreaker. Shares were trading at a high of $524.31 just over a year ago before shares fell to a new weekly lower low of $86.29 in late December, falling below its pre-pandemic levels. With ... Read the Full Story >> |
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Markets | | | Democrats in Congress released thousands of pages of former President Donald Trump's tax returns Friday, providing the most detailed picture to date of his finances over a six-year period, including his time in the White House, when he fought to keep the information private in a break with decades o... Read the Full Story >> |
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Markets | | | Britain has had a tough 12 months and its problems will not "go away" in 2023 — but the coronation of King Charles III will help bring the country together, Prime Minister Rishi Sunak said Saturday in his New Year message. Sunak, who in October became the third Conservative British p... Read the Full Story >> |
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Markets | | | Reaction poured in from the worlds of journalism, politics, sports and entertainment following the death of TV news pioneer and "The View" creator Barbara Walters. She died Friday at her home in New York at age 93. An intrepid interviewer, anchor and program host, she led the way as the first woman ... Read the Full Story >> |
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Markets | | | Chinese manufacturing contracted for a third consecutive month in December, in the biggest drop since early 2020, as the country battles a nationwide COVID-19 surge after suddenly easing anti-epidemic measures Read the Full Story >> |
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Markets | | | Reactions poured in from around the world to the death of TV news pioneer and "The View" creator Barbara Walters. She died Friday at her home in New York at age 93. An intrepid interviewer, anchor and program host, she led the way as the first woman to become a TV news superstar. ____... Read the Full Story >> |
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Markets | | | Microsoft Corporation (NASDAQ: MSFT) scooped up a 4% stake in the London Stock Exchange Group (LON: LSEG) this month. Investors might wonder what significance this will have for the company moving forward. As part of the acquisition, the companies will work to create a "centralized, financia... Read the Full Story >> |
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