Sage Investment Club

Good Monday morning traders and investors of the r/StockMarket sub! Welcome to the new trading week and a fresh start! Here are your pre-market stock movers & news on this Monday, January 23rd, 2023-Stock futures were little changed Monday as investors weighed a potential slowdown, or pause, from the Federal Reserve and braced for a busy earnings week.Futures tied to the Dow Jones Industrial Average added 19 points, or 0.06%. S&P 500 futures inched 0.03% higher, while Nasdaq 100 rose 0.13%.On Friday, the major averages rallied to finish the week after briefly losing the momentum of the January rally. The Nasdaq posted a slight gain for the week. However, the Dow and S&P each logged losing own weeks. All of the major averages remain in the green for the month. The Nasdaq is leading the others with a 6.44% year-to-date gain.Investors have been weighing the possibility that the Fed is getting ready to slow the pace of its inflation-fighting rate hikes after economic data last week showed a decline in wholesale prices and retail sales.On Friday, investors absorbed comments from Fed Governor Christopher Waller favoring a quarter percentage point rate increase at the next meeting. A Wall Street Journal report Sunday, meanwhile, raised the possibility of a spring pause to rate increases — a sign that the Fed could be nearing the end of its rate hiking campaign.“With investors growing more confident on the inflation side, it is clear they are now looking beyond the current hiking cycle, to an eventual pause and potentially even cuts down the line,” wrote Deutsche Bank strategist Henry Allen in a note to clients Monday. “But with investors now priced for good news on inflation, the risk is that if inflation does prove more persistent, then we could be in another bear market rally just as we saw last summer.”Markets have priced in a 99.7% chance of a 25-basis point hike, according to CME Group data, which would bring the interest rate to a targeted range of 4.5%-4.75%.No speeches from Fed officials are on the calendar ahead of the central bank policy meeting on Jan. 31 and Feb. 1. Investors, however, will monitor another batch of economic data, including the Fed’s preferred inflation measure, the personal consumption expenditure price index, due out Friday.In the meantime, earnings reports could keep the market on edge, with about 40% of the Dow scheduled to release their latest financial results and offer more insight into how companies are weathering inflation and interest rates. Some of the big names on deck include Microsoft, IBM, Tesla, Visa and Mastercard.STOCK FUTURES CURRENTLY:LAST WEEK’S MARKET MAP:TODAY’S MARKET MAP:LAST WEEK’S S&P SECTORS:TODAY’S S&P SECTORS:TODAY’S ECONOMIC CALENDAR:THIS WEEK’S ECONOMIC CALENDAR:THIS WEEK’S UPCOMING IPO’S:THIS WEEK’S EARNINGS CALENDAR:($TSLA $MSFT $BA $VZ $JNJ $LMT $HAL $GE $BKR $T $AAL $PGR $RTX $ASML $INTC $CVX $SYF $MMM $BOH $LUV $NOK $UNP $V $BMRC $VLO $NOW $DHR $DHI $LOGI $MA $IBM $AXP $ISRG $TRV $ABT $NDAQ $FCX $TXN $BX $LRCX $NEE $MNSB $HES $USB $ADP)THIS MORNING’S PRE-MARKET EARNINGS CALENDAR:($BKR $SYF $BOH $BMRC $MNSB)EARNINGS RELEASES BEFORE THE OPEN TODAY:EARNINGS RELEASES AFTER THE CLOSE TODAY:FRIDAY’S ANALYST UPGRADES/DOWNGRADES:FRIDAY’S INSIDER TRADING FILINGS:TODAY’S DIVIDEND CALENDAR:THIS MORNING’S MOST ACTIVE TRENDING TICKERS ON STOCKTWITS:COSMXRP.XSHOPRBASPOTBKRIDCCPLRXAQUAJAGXTHIS MORNING’S STOCK NEWS MOVERS:Advanced Micro Devices — The semiconductor maker rallied nearly 3% after being upgraded by Barclays to overweight from equal weight, which said it sees potential upside from direct-current and generative artificial intelligence. The firm also upgraded Qualcomm and Seagate Technology to overweight from equal weight. Qualcomm and Seagate both gained more than 2%.STOCK SYMBOLS: AMDWayfair — The online retailer jumped more than 12% after being double upgraded to overweight from underweight by JPMorgan. The Wall Street firm cited improving market share trends and a better grasp on spending from management.STOCK SYMBOLS: WSalesforce — Salesforce shares gained more than 5% premarket on news that activist investor Elliott Management has reportedly taken a multibillion-dollar stake in the cloud-based software giant.STOCK SYMBOLS: CRMShopify — The e-commerce company rose nearly 5% after being upgraded to buy from hold by Deutsche Bank, which said brands are growing increasingly interested in Shopify.STOCK SYMBOLS: SHOPAbbott Laboratories — Abbott Labs lost 2.5% following a Wall Street Journal report Friday that the Justice Department is investigating conduct at its infant-formula plant in Sturgis, Michigan.STOCK SYMBOLS: ABTCrowdStrike — The cybersecurity company shed nearly 2% after being downgraded to hold by Deutsche Bank, which cited intensifying competition.STOCK SYMBOLS: CRWDPayPal — Shares of the payment company dipped more than 1% in premarket trading after the Wall Street Journal reported that large banks are teaming up to create their own digital wallet. The wallet would be a competitor to PayPal and Apple Pay.STOCK SYMBOLS: PYPLWestern Digital — The data storage company rose 4% after a report from Bloomberg late Friday that merger talks between Western Digital and Kioxia holdings are progressing.STOCK SYMBOLS: WDCWarner Music Group — The music entertainment company dropped 2.45% after being downgraded by Barclays to equal weight. Warner Music’s financial performance has been too volatile to justify a premium valuation, its analysts said.STOCK SYMBOLS: WMGTapestry — The Coach and Kate Spade parent slid 1.85% after being downgraded to equal weight from overweight by Barclays. The Wall Street firm’s reasons included inflation creeping to higher household income brackets.STOCK SYMBOLS: TPRSkechers — Cowen upgraded Skechers to outperform from market perform, saying it remains the No. 2 casual sneaker brand in the U.S. and is gaining preference in its survey. Consensus sales and EPS estimates are too conservative, the firm said. Skechers gained nearly 2% in the premarket.STOCK SYMBOLS: SKXZoom Video Communications — Shares of Zoom slipped 0.72% after MKM Partners downgraded the company to neutral from buy, citing slowing growth.STOCK SYMBOLS: ZMFULL DISCLOSURE:/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.DISCUSS!What’s on everyone’s radar for today’s trading day ahead here at r/StockMarket?I hope you all have an excellent trading day ahead today on this Monday, January 23rd, 2023! 🙂

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