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[156.70.22.77]) by mx.google.com with ESMTPS id b11-20020a17090a6e0b00b0028c4363dac8si1497908pjk.130.2024.01.03.09.19.45 for (version=TLS1_2 cipher=ECDHE-ECDSA-AES128-GCM-SHA256 bits=128/128); Wed, 03 Jan 2024 09:19:46 -0800 (PST) Received-SPF: pass (google.com: domain of msprvs1=19732jlbnh-jt=bounces-280172-164@bounces.thestreet.com designates 156.70.22.77 as permitted sender) client-ip=156.70.22.77; Authentication-Results: mx.google.com; dkim=pass header.i=@email.thestreet.com header.s=scph0221 header.b=IfrCWkz5; spf=pass (google.com: domain of msprvs1=19732jlbnh-jt=bounces-280172-164@bounces.thestreet.com designates 156.70.22.77 as permitted sender) smtp.mailfrom="msprvs1=19732JLBnh-jT=bounces-280172-164@bounces.thestreet.com"; dmarc=pass (p=QUARANTINE sp=NONE dis=NONE) header.from=thestreet.com X-MSFBL: oBIEBBjorCBXI2TnKI6jTQFBQT60TcVX5evc/fob9xk=|eyJzdWJhY2NvdW50X2l kIjoiMTY0IiwibWVzc2FnZV9pZCI6IjY1OTQyZjk3OTU2NWU5MjdiNWUyIiwiY3V zdG9tZXJfaWQiOiIyODAxNzIiLCJyIjoic3Rlcmxpbmd3aGdAZ21haWwuY29tIiw idGVuYW50X2lkIjoic3BjIn0= DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=email.thestreet.com; s=scph0221; t=1704302383; i=@email.thestreet.com; bh=ovCu1HTalIxZmrtuPrVtvplZWW7UTQ8+X1g6v0kmVKM=; h=To:Message-ID:Date:Content-Type:Subject:List-Unsubscribe:From: From:To:Cc:Subject; b=IfrCWkz593FqjXt8B7R2CaTo0di9jX38r03aTloL+FlNwam0qgQ+TUK7nXQXSqEfl J6LuWs3Wn9bBBDS4HCO1KxbdmsNKs9OQkHOJhuNgk1LRXR94M8aGPa2Kfzy7m3tIJj eDOsRiC8//+jqN4tG1p7c9gcCrdXaMny7kVy4+1s= To: sterlingwhg@gmail.com Message-ID: <5B.2E.46882.F2795956@iz.mta1vrest.cc.prd.sparkpost> Date: Wed, 03 Jan 2024 17:19:43 +0000 Content-Type: multipart/alternative; boundary="_----t0HuKBHgsHhOD9MgSRRB3w===_6A/2E-46882-F2795956" MIME-Version: 1.0 Reply-To: newsletters@thestreet.com Subject: Tempting 10: Goldman's high-conviction stocks for January X-Campaign-ID: 8680585 List-Unsubscribe: , From: "TheStreet Daily" X-Message-ID: d8eba6c9eef54eb1b271d5c130652304 X-Feedback-ID: 11498351:8680585:40965:iterable Feedback-ID: 11498351:8680585:40965:iterable X-Spam-Status: No, score=-0.2 X-Spam-Score: -1 X-Spam-Bar: / X-Spam-Flag: NO --_----t0HuKBHgsHhOD9MgSRRB3w===_6A/2E-46882-F2795956 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset="UTF-8" Stock Market Today: Stocks slide amid big tech slump; Treasury yields rise = =0A=0A=0A=0A =0A=0A=0A=0AWednesday, January 3, = 2024=0A=0A=0A=E2=80=8A=0A=0A=0A=0A=0A=0A=0A=0A=0A Investors held off bookin= g gains last month to lower their tax bills. Now =0Athat the calendar has f= lipped, they=E2=80=99re booking some profits, sending markets =0Alower. Rea= l Money technical analyst Helene Meisler saysstocks will sell off =0A=0A in the coming weeks as overbought conditions = get worked out. =0A=0A=0A=0A The Santa Claus rally wraps up Wednesday. The = first two days of the New Year =0Aand final five days of the prior year are= historically strong, returning an =0Aaverage of 1.3%. Historically, when S= anta didn=E2=80=99t deliver gains over that span, =0Astocks slipped at some= point over the coming year. The S&P 500 ETF (SPY) must =0Aclose above $472= .70 to avoid that harbinger of weakness.=0A=0A=0A=0A=F0=9F=92=B0What=E2=80= =99s next for stocks, bonds, and oil=3F Here are my 2024 predictions =0A= .=0A=F0=9F=92=B0=0A=0A=0A=0A Fire up the servers. Minutes from the Fed=E2= =80=99s December meeting will be released =0Aat 2pm, giving algorithmic tra= ders plenty to chew on. It will be interesting to =0Asee just how eager Fed= members are to cut rates, especially since markets are =0Apricing in a har= d-to-believe six cuts in 2024. The 10-year Treasury yield =0Ainched up to 4= % in early action.=0A=0A=0A=0AA 5-star analyst delivers a blunt warning on = Apple. Barclays Tim Long cut =0AApple to underweight (Wall Street speak for= =E2=80=9Csell=E2=80=9D) on Tuesday, citing =0Auninspiring iPhone 15 sales.= TipRanks rates Long with 5 stars, its highest =0Arating. Apple shares fell= 4% yesterday.=0A=0A=0ANot a disaster. Yesterday, S&P Global=E2=80=99s Dece= mber manufacturing PMI was =0Asurprisingly weak at 47.9, down from 49.4 in = November. Today, ISM=E2=80=99s =0AManufacturing PMI clocked in at 47.4, up = from 46.7 in November. Better=3F Yes. =0ABut a reading below 50 still shows= the industry is contracting, not growing. =0AAlso concerning is that like = the S&P report, new orders fell month-over-month.=0A=0A=0A About the same. = When it comes to hunting for a job, not much changed in =0ANovember. The la= test Jolts report shows 8.8 million open jobs, nearly matching =0AOctober. = However, that=E2=80=99s still well south of the 12 million unfilled jobs = =0Arecorded in March 2022 when the Fed started hiking rates to quell inflat= ion, =0Aand it=E2=80=99s below the 10.8 million open jobs in November 2022.= =0A=0A=0A=0A-Todd Campbell, TheStreet|Smarts=0A P.S. Want more content like= this=3F Get my daily newsletter =0A=0A.=0A=0A=0A=0A=0AYOU NEED TO KNOW THIS=0A=0A=0A=0A=0A = = =0A=0ATempting 10: Goldman's high-conviction stocks for January =0A=0A=0A=0A= After the S&P 500's 24% surge last year, you may want hold off on buying = =0Astocks now. But if you don't, here are possibilities.=0A=0AGO TO ARTICLE= =0A =0A=0A=0A=0A=0A =0A=0A=0A =0A=0A=0A=0A=0A=0AEDITOR'S PICKS=0A=0A= =0A=0A=0AMarkets =F0=9F=93=89=0A=0A=0A=0AStock Market Today: Stocks slide a= mid big tech slump; Treasury yields rise=0A=0AHigher Treasury yields and a = pullback in big cap tech stocks has markets =0Alooking at another weak open= Tuesday ahead of jobs data and Fed minutes later =0Ain the session.=0A=0AG= O TO ARTICLE =0A=0A=0A=0AJob-mark= et cracks deepen as November openings fall and quit rate eases=0A=0AFewer A= mericans are finding higher-paying jobs after quitting their current =0Arol= es, suggesting wage pressures are likely to ease further.=0A=0AREAD MORE = =0A=0A=0A=0A=0AInvesting =F0=9F=92= =B0=0A=0A=0A=0ADisney gets key ally in effort to fend off activist Peltz=0A= =0ADisney's new agreement with ValueAct could prevent activist investor Nel= son =0APeltz from taking a seat on the board.=0A=0AKEEP READING =0A=0A=0A=0AVerizon stock gains as KeyBanc lif= ts rating and sees market-share gains over =0AAT&T=0A=0AVerizon, which is s= pending billions on its 5G network, should continue to take =0Amarket share= from rival AT&T, KeyBanc analysts argue.=0A=0AGO TO ARTICLE =0A=0A=0A=0A=0AWinners & Losers =F0=9F=93=89=0A= =0A=0A=0AKey Tesla rival Rivian contends with recall and drop in deliveries= =0A=0AThe stock of the Amazon-backed electric-vehicle maker was designated = by an =0Aanalyst as a 'best idea' for 2024.=0A=0AREAD MORE =0A=0A=0A=0AAmazon Prime hits another massive milestone t= hat will continue to change =0Astreaming=0A=0AThis should only further supp= ort the company's investments in streaming.=0A=0AKEEP READING =0A=0A=0A=0A=0A=0A=0A=0A=0A=0APREMIUM PICKS: TIPS FROM THE EXPERTS =F0=9F= =94=91=0A=0A=0A=0A=0A=0A=0A=0A3 Stocks to pick up in portfolios in 2024=0A= =0ATheStreet's premium team offers up another three stocks worth targeting = this =0Ayear.=0A=0A=0A=0AKEEP READING =0A=0A=0A=0A=0A=0A=0A=0AThe M= arket Is Undergoing a Shift in Character as the New Year Begins=0A=0AThe bi= g question now is whether we are about to undergo a deeper correction.=0A= =0A=0A=0AKEEP READING =0A=0A=0A= =0AUNLOCK PREMIUM INSIGHTS =0A =0A=0A=0A=0A=0A=0A=0ASIGN UP FOR MORE NEWSLETTERS=0A=0A= =0ATech Stocks Roundup =0A=0AGet the= latest news and performance numbers on the top technology stocks.=0A=0AWee= kly, Tuesdays=0A=0A=0A=0ALift Off = =0A=0AA newsletter for those looking to get their investment journey off th= e ground.=0A=0AWeekly, Fridays=0A=0A=0A=0AWant to sponsor future newsletter= s from TheStreet=3F Contact =0Atim.kolenda@thearenagroup.net for more =0Ainformation!=0A=0AVIEW ALL NEWSLETTERS= =0A=0A=0A=0A=0A =0A=0A=0A=0A=0A=0A = =0A =0A =0A=0AYou can updat= e your preferences or=0Aunsubs= cribe from this list =0A=0A.=0A=0A=0A=0ATerms of Use | P= rivacy Policy =0A=0A=0A=C2=A9202= 4 TheStreet, Inc.=0A=0A200 Vesey Street, 24th Floor, New York, NY 10281=0A= =0A=0A=0A=0A=0ATheStreet is a personal finance editorial news platform mean= t to provide its =0Ausers with content for educational and informational pu= rposes only. TheStreet =0Ais not an investment broker or a financial adviso= r, and does not give =0Afinancial, legal, tax or personalized investment ad= vice.=0A=0A=0A=0A=0A=0A=0A =0A --_----t0HuKBHgsHhOD9MgSRRB3w===_6A/2E-46882-F2795956 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset="UTF-8" =0D=0A
3D""/
=0D=0AStock Market Today: Stocks slide amid big tech slump; Tr= easury yields rise
3D"TheStreet

Wednesday, January 3, 2024

=
 
=

Investors held off booking gains last month to low= er their tax bills. Now that the calendar has flipped, they= =E2=80=99re booking some profits, sending markets lower. Real Money technic= al analyst Helene Meisler says stocks will sell off in the coming weeks as overbo= ught conditions get worked out.

 

The Santa Claus rally wraps up Wednesday= . The first two days of the New Year and final five days of the p= rior year are historically strong, returning an average of 1.3%. Historical= ly, when Santa didn=E2=80=99t deliver gains over that span, stocks slipped = at some point over the coming year. The S&P 500 ETF (SPY) must close above = $472.70 to avoid that harbinger of weakness.

 

=F0=9F= =92=B0What=E2=80=99s next for stocks, bonds, and oil=3F= Here are my 2024 predictions.=F0=9F=92=B0    

 

Fire up the = servers. Minutes from the Fed=E2=80=99s December meeting will be r= eleased at 2pm, giving algorithmic traders plenty to chew on. It will be in= teresting to see just how eager Fed members are to cut rates, especially si= nce markets are pricing in a hard-to-believe six cuts in 2024. The 10-year = Treasury yield inched up to 4% in early action.

 

A 5-star analyst delivers = a blunt warning on Apple. Barclays Tim Long cut Apple to unde= rweight (Wall Street speak for =E2=80=9Csell=E2=80=9D) on Tuesday, citing u= ninspiring iPhone 15 sales. TipRanks rates Long with 5 stars, its highest r= ating. Apple shares fell 4% yesterday.


Not a disaster. Yesterday, S&P Globa= l=E2=80=99s December manufacturing PMI was surprisingly weak at 47.9, down = from 49.4 in November. Today, ISM=E2=80=99s Manufacturing PMI clocked in at= 47.4, up from 46.7 in November. Better=3F Yes. But a reading below 50 stil= l shows the industry is contracting, not growing. Also concerning is that l= ike the S&P report, new orders fell month-over-month.


About the same. When = it comes to hunting for a job, not much changed in November. The latest Jol= ts report shows 8.8 million open jobs, nearly matching October. However, th= at=E2=80=99s still well south of the 12 million unfilled jobs recorded in M= arch 2022 when the Fed started hiking rates to quell inflation, and it=E2= =80=99s below the 10.8 million open jobs in November 2022.

 

-Todd Campb= ell, TheStreet|Smarts
 P.S. Want= more content like this=3F Get my daily newsletter.

=

YOU NEED TO KNOW THI= S

=
=

After the S&P 500&#x= 27;s 24% surge last year, you may want hold off on buying stocks now. But i= f you don't, here are possibilities.

=
GO TO ARTICLE<= /a>

EDITOR'S PICK= S

=
=
Markets =F0=9F=93=89

<= /td>

Stock Market Today: Stocks slide amid big tech= slump; Treasury yields rise

Higher= Treasury yields and a pullback in big cap tech stocks has markets looking = at another weak open Tuesday ahead of jobs data and Fed minutes later in th= e session.

= GO TO AR= TICLE

Job-market cracks deepen as No= vember openings fall and quit rate eases

Fewer Americans are finding higher-paying jobs after quitting their cu= rrent roles, suggesting wage pressures are likely to ease further.

READ MORE

Investing = =F0=9F=92=B0

Disn= ey gets key ally in effort to fend off activist Peltz

Disney's new agreement with ValueAct could prevent a= ctivist investor Nelson Peltz from taking a seat on the board.

<= /div>
KEEP READING

Verizon stock gains as KeyBanc lifts rati= ng and sees market-share gains over AT&T

Verizon, which is spending billions on its 5G network, should continue t= o take market share from rival AT&T, KeyBanc analysts argue.

=
<= /table>
GO TO ARTICLE

Winners & L= osers =F0=9F=93=89

Key Tesla= rival Rivian contends with recall and drop in deliveries

The stock of the Amazon-backed electric-vehicle make= r was designated by an analyst as a 'best idea' for 2024.<= /p>

READ MORE <= /div>

Amazon Prime hits another massive mile= stone that will continue to change streaming

This should only further support the company's investments i= n streaming.

KEEP READING=
=

PREMIUM PICKS: TIPS FROM THE EXPERTS =F0=9F=94=91

<= /table>
<= td class=3D"pad" style=3D"box-sizing: border-box;">

3 Stocks to pick up in por= tfolios in 2024

T= heStreet's premium team offers up another three stocks worth targeting= this year.
=
<= span style=3D"box-sizing: border-box; word-break: break-word; line-height: = 21px;">KEEP READING
<= table class=3D"row-content stack" align=3D"center" border=3D"0" cellpadding= =3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"box-sizing: border-= box; mso-table-lspace: 0; mso-table-rspace: 0; background-color: #fff; bord= er-radius: 0; color: #000; width: 600px; margin: 0 auto;" width=3D"600" bgc= olor=3D"#fff">

The Market= Is Undergoing a Shift in Character as the New Year Begins<= /p>

The big question now is whether w= e are about to undergo a deeper correction.

=
KEEP READING =
=
UNLOCK PREMIUM INSIGHTS
<= /tr>
=

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<= p style=3D"box-sizing: border-box; line-height: inherit; margin: 0; font-si= ze: 15px; text-align: center; mso-line-height-alt: 22.5px;"> Want to s= ponsor future newsletters from TheStreet=3F Contact tim.kolenda@thearenagroup.net for more inform= ation!

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