Good MorningEquity markets ended the penultimate day of the trading year in the red. The S&P 500 closed off the day's low and above critical support, so a deeper pullback is not expected. What is expected is for the market to continue moving sideways this holiday-shortened week and not make another big move until January. The stock markets are closed on Wednesday to celebrate New Year's Day and reopen for trading on Thursday.
What will the market do in January? The odds are high that the uptrend in equities will continue, but there is a pullback risk in the year's first half. The S&P 500 is still more than 3.5% above the 150-day EMA and is due to retest soon. The EMA is a likely entry point for investors and should produce a solid rebound when touched. If not, this market could correct by 10% to 15% from the all-time high. Featured: We recommended Palantir in 2021, now we're recommending this... (Behind the Markets) 
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Markets | | | Now that 2024 has come to an end, investors may be looking for the best opportunities to place their bets on 2025. That is why aligning portfolios with stocks that carry double-digit upside is so important in today’s market. However, there is a big difference between picking a stock only bec... Read the Full Story |
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Markets | | | Micron Technology Inc (NASDAQ: MU) shares have been struggling to catch their breath after a sharp 25% drop over the past week. The selloff followed a tough earnings report and broader market jitters as the Fed dampened expectations for a rate cut. Stocks, in general, have had a rough end to the y... Read the Full Story |
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Markets | | | Global markets shares were mixed on Tuesday, with trading closed in Tokyo and Seoul for New Year holidays.France's CAC 40 rose nearly 0.1% to 7,307.87, while Britain's FTSE 100 was little changed at 8,119.65. German markets are closed on New Year's Eve and Jan. 1 with trading set to continue Thursda... Read the Full Story |
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Stocks | | | U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note. The S&P 500 fell 1.1%, its third straight decline. Roughly 90% of stocks within the index lost ground. On the second-to-last day of 2024, the benchmark index was still on track for its se... Read the Full Story |
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Markets | | | Rubrik, Inc. (NYSE: RBRK) is gaining traction with its business and its share price. Up more than 100% in Q4, the stock price is on track to double again over the next year. The company is establishing itself as a leading cybersecurity company focused on data, backup, and recovery for commercial a... Read the Full Story |
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Stocks | | | Pharmaceutical giant Pfizer Inc. (NYSE: PFE) stock is trading back down near its pandemic lows. Every time it attempts to climb over the $30 mark, something causes shares to slide right back down. Despite the disheartening price action, this medical sector giant is still one of the world’s l... Read the Full Story |
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Stocks | | | Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note.The losses were made worse by sharp declines for the Big Tech stocks known as the "Magnificent 7", which can heavily influence the direction of the market because of their large size.The S&P 500 fell ... Read the Full Story |
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Markets | | | China's factory activity expanded at a slower pace in December, official data showed on Tuesday, despite recent stimulus measures and in the face of increasing trade risks.The Purchasing Managers' Index, based on a survey of factory managers, slipped to 50.1 in December from 50.3 the previous month,... Read the Full Story |
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Markets | | | Kroger’s (NYSE: KR) attempted takeover of Albertson’s (NYSE: ACI) failed, leaving Albertson’s investors wondering what would come next and Kroger’s in an envious position. Although there is a risk of litigation and the potential for a $600 million termination fee, it is sma... Read the Full Story |
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Markets | | | Insurance companies that stopped providing home coverage to hundreds of thousands of Californians in recent years as wildfires became more destructive will have to again provide policies in fire-prone areas if they want to keep doing business in California under a state regulation announced Monday.T... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. Its platform helps organizations to orchestrate work from daily tasks to cross-functional strategic initiatives; manage work across a portfolio of projects or workflows, see progress against goals, identify bottlenecks, resource constraints, and milestones; and communicate company-wide goals, monitor status, and oversee work across... | | View Today's Stock Pick |
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