Good MorningEquity markets retreated on Tuesday following a hotter-than-expected reading of the Consumer Price Index. The gauge of consumer inflation was hot on a month-to-month basis and accelerated compared to last year, putting hopes the FOMC would cut interest this spring to rest. The takeaway is that inflation is cooler than before but still running hot with the support of services sector growth and labor market strength. In this environment, it is unlikely the FOMC will cut rates until there is a weakening in the labor market, which is ultimately bad for the economy.
Tomorrow's data may accelerate the sell-off. January Retail Sales are expected to fall compared to last year but may surprise the market. Retail strength aligns with healthy labor markets, consumer demand and inflation, and weakness with recession; the data will not be good news either way. Weak data would confirm weakening in the consumer and cracks in the economy that could lead to recession. Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
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Markets | | | Today’s market is led by one of the most confusing dynamics seen in the latest cycle; markets are hitting all-time highs while most stocks seem to be struggling to reach even their 52-week highs. Bond yields are going up in trader bets that the FED interest rate cuts will not be here as soon... Read the Full Story >> |
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Stocks | | | Real estate investing isn't only for millionaires — retail investors can get a shot at investing in major commercial real estate endeavors by investing in REITs. Specialty REITs help investors refine their investment preferences by capitalizing on tenant returns tied to specific industries.&... Read the Full Story >> |
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Markets | | | It seems like the boring names in the economy could be the ones to attract the attention and capital from all sorts of investors, both retail and pros. But the big guys on Wall Street may be interested in some of the manufacturing and industrial names in the economy t... Read the Full Story >> |
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Stocks | | | Shares declined Wednesday in Asia after disappointingly high U.S. inflation data sent stocks sliding on Wall Street, raising prospects that interest rates will remain elevated for longer. Regional market watchers were paying close attention to the outcome of the presidential election in Indonesia, o... Read the Full Story >> |
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Markets | | | Iconic prestige beauty products company Estée Lauder Co. Inc. (NYSE: EL) may be righting its ship, as evidenced by its latest earnings report. The consumer discretionary sector company offers skincare, fragrances, haircare and makeup products through over 20 well-known b... Read the Full Story >> |
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From Our PartnersWith so many strange events happening across the economy (longest bear market for bonds since Civil War... unprecedented bank closures... and soaring prices) – it's no wonder the richest investors are loading up on gold. But what you might not realize is there's a much better way to profit from rising gold prices – without ever touching an ETF, mining stock, or even bullion. | | | | Full details here. |
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Stocks | | | Wall Street is poised to bounce back after surprisingly hot U.S. inflation data sent stocks tumbling this week. Futures for the S&P 500 rose 0.5% before the bell and futures for the Dow Jones Industrial Average gained 0.3%. With little in the way of market-moving economic data to be released Wed... Read the Full Story >> |
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Markets | | | Coca-Cola reported higher-than-expected revenue in the fourth quarter as growth in Mexico, Germany and other markets offset lower sales in the U.S. The Atlanta-based beverage giant said Tuesday its revenue rose 7% to $10.8 billion for the October-December period Read the Full Story >> |
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Markets | | | Shares of JetBlue are up more than 18% in Tuesday afternoon trading as activist investor Carl Icahn took an almost 10% stake in the airline. Icahn, who purchased the shares in January and February, said in a regulatory filing that he believe JetBlue's stock is undervalued and represents an attractiv... Read the Full Story >> |
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Markets | | | Shares of Shopify (NYSE: SHOP) fell hard following the Q4 results, and for good reason. The news and guidance left the market in doubt about earnings in 2024, sparking a reset for the market. The good news is that the new outlook is more reasonable, setting the company up for outperformance later ... Read the Full Story >> |
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Markets | | | Jayson Tatum remembers how it felt when he first bought a home. "It didn't seem real," said the Boston Celtics power forward, a five-time NBA All-Star set to start for the Eastern Conference in this year's All-Star Game on Sunday. Tatum told The Associated Press in an interview how he wants to help ... Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Cognizant Technology Solutions Corporation, a professional services company, provides consulting and technology, and outsourcing services in North America, Europe, and internationally. It operates through four segments: Financial Services; Health Sciences; Products and Resources; and Communications, Media and Technology. The company offers customer experience enhancement, robotic process automation, analytics, and AI services in areas, such as digital lending, fraud detection, and next generatio... | Should I Buy Cognizant Technology Solutions Stock? CTSH Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Cognizant Technology Solutions was last updated on Thursday, February 01, 2024 at 1:32 PM. Pros- The company offers a wide range of consulting and technology services, including customer experience enhancement, robotic process automation, analytics, and AI services. This positions them well in the growing digital transformation market.
- Cognizant Technology Solutions has a strategic partnership with ServiceNow, Inc. to accelerate the adoption of AI-driven automation across industries. This collaboration could lead to increased market opportunities and revenue growth.
- The company operates in multiple segments, including Financial Services, Health Sciences, Products and Resources, and Communications, Media and Technology. This diversification can help mitigate risks associated with industry-specific challenges.
- Cognizant Technology Solutions has a strong international presence, operating in North America, Europe, and other regions. This global footprint provides access to a wide customer base and potential growth opportunities in different markets.
- The company has a solid track record, being in operation since 1994. This longevity demonstrates their ability to adapt to changing market dynamics and maintain a competitive edge.
Cons- The stock price of Cognizant Technology Solutions Co. has been volatile in recent periods. Investors should carefully consider the risks associated with potential fluctuations in the stock market.
- The IT consulting and services industry is highly competitive, with many players vying for market share. Cognizant Technology Solutions Co. faces the risk of increased competition, which could impact their profitability and market position.
- The company's financial performance is subject to various factors, including economic conditions, regulatory changes, and client demand. Investors should closely monitor these external factors that could affect the company's revenue and profitability.
- As with any investment, there is always a degree of uncertainty. Investors should carefully assess their risk tolerance and investment goals before making any decisions regarding Cognizant Technology Solutions Co.
- Investors should also consider the potential impact of geopolitical events and global economic trends on the company's operations and financial performance. These external factors can introduce additional risks and uncertainties.
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