Good MorningEquity markets retreat on Tuesday to open a holiday-shortened week on uncertain footing. The move comes despite better-than-expected earnings from Walmart and Home Depot that left investors uncertain of what to expect in 2024. Both reports were better than expected, but only one was good. Walmart is growing while outperforming; Home Depot is contracting despite the outperformance and issued weak guidance. The takeaway is that consumer spending habits continue to shift away from big tickets and large projects to daily and essentials, a trend that will be seen elsewhere in the sector.
However, the big news will come out on Wednesday evening. NVIDIA is expected to report a high triple-digit increase in sales, which may outperform expectations and provide favorable guidance. If not, the market will continue to correct as it resets the astronomical expectations priced into the stock. NVIDIA fell 5% in Tuesday's action to lead the broad market lower. Featured: If everyone knew this, Wall Street would go out of business (Base Camp) 
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Markets | | | Consumer worldwide have been suppressed in their wishes to travel, especially after the mainstream media accused the U.S. economy of flirting close to a recession throughout 2023. Well, now that the new year is here, it is evident that the hypothetical recession has been canceled, but more on why ... Read the Full Story >> |
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From Our PartnersMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. | | | | Learn more here. |
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Markets | | | Everyone essentially gave up on the semiconductor stocks since the demand for chips came down due to bottlenecks caused by disrupted supply chains during the peak months of the COVID-19 pandemic. Now that the United States economy is staring down a likely boom in the manufacturing sector, alongsid... Read the Full Story >> |
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Stocks | | | Whenever traders move their money in a big way, it often pays to follow their tracks and reverse engineer what happened that caused them to shift in or out of that space. Today, the tools at MarketBeat have caught a major shift in sentiment and capital out of an ETF (exchange-traded fund) that als... Read the Full Story >> |
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Markets | | | Walmart (NYSE: WMT) is in an uptrend and will likely continue. The Q4 results and guidance for 2024 underpin an expectation for capital returns and improving shareholder value for this retail stock. However, the upcoming 3:1 stock split poses a problem for the market, possibly resulting in a sell-... Read the Full Story >> |
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Stocks | | | World stocks were mixed Wednesday after technology shares led Wall Street broadly lower on Tuesday, with investors waiting for chipmaker Nvidia's quarterly earnings report.The report, which will come out later in the day, will put stock markets in Hong Kong, China and Taiwan on alert as these three ... Read the Full Story >> |
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From Our PartnersThere's a tight deadline around this tech stock pick: if you act by February 29, you'll enjoy a 9% dividend yield, PLUS a bonus dividend payment! This company is funding the biggest ideas coming out of Silicon Valley in industries worth a combined $5 trillion. But you have to hurry. You need to be on the shareholder's list before February 29, or you'll miss out. | | Click here to get all the details. |
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Markets | | | Twilio Inc. (NYSE: TWLO) is a leading cloud-based communications platform-as-a-service (CPaaS) provider. This business services sector company was named a leader in the 2023 Gartner Magic Quadrant for CPaaS. Twilio offers a wide range of communications services to businesses, ranging from voice, m... Read the Full Story >> |
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Markets | | | Japan's exports surged a stronger than expected nearly 12% in January, helped by robust demand for vehicles, auto parts and machinery. That helped the nation's trade deficit shrink to 1.76 trillion yen ($12 billion), or about half of what it was a year earlier.Imports, which have been declining on-m... Read the Full Story >> |
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Stocks | | | Capital One Financial is betting that Americans will keep shopping and use a credit card to pay for their purchases at stores and on the internet. Capital One announced Monday that it would buy Discover Financial Services for $35 billion. The combination could potentially shake up the payments indus... Read the Full Story >> |
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Markets | | | Arkhouse Management is nominating nine people for Macy's board of directors, igniting a proxy battle after the department store operator rejected a $5.8 billion takeover offer from the investment firm and Brigade Capital Management Read the Full Story >> |
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Markets | | | Americans have become increasingly reliant on their credit cards since the pandemic. So much so that Capital One is willing to bet more than $30 billion that they won't break the habit. Capital One Financial announced Monday that it would buy Discover Financial Services for $35 billion. The combinat... Read the Full Story >> |
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Wednesday's Early Bird Stock Of The Day Tractor Supply Company operates as a rural lifestyle retailer in the United States. The company offers a selection of merchandise, including equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. It pro... | Should I Buy Tractor Supply Stock? TSCO 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 Tractor Supply was last updated on Tuesday, February 20, 2024 at 10:58 AM. | | View Today's Stock Pick |
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