RiskReversal Recap: January 10, 2024

Dan Niles’ Top 2024 Tech Stocks, S&P Sectors to Watch, CPI Preview

Today’s MRKT Call is Presented by SoFi

Chart Check on S&P Sectors + EV Stocks Get Crushed

Dan Nathan, Guy Adami, and Liz Young break down the top market headlines and bring you stock market trade ideas for Wednesday, January 10th.

Click here to access all of the charts mentioned in today’s MRKT Call.

Dan’s Chart of the Day: JPMorgan’s implied earnings move is +/-3% by the end of the week. To quote The Big Lebowski, “this aggression will not stand man.”

Topic Timecodes:
Health Sector Checkup (0:00); Banks/Financials (10:00); CPI/Yields (16:50); Tech Sector (24:30); EV Makers Losing Spark (30:00); Listener Q&A (38:55)

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Today’s Okay, Computer. is Presented by Current

Top Picks For 2024 with Dan Niles

Tech investor Dan Niles is back! He joins Dan Nathan to give his 2024 stock market outlook and top picks. Checkout Dan's great thread on Twitter/X detailing his 2024 market outlook.

Topic Timecodes:
2023 Recap (0:00); Apple (9:30); NVDA (15:45); Crowded At The Top (26:15); 2024 Top Picks (34:15); Meta (37:15); Amazon (41:00); Alibaba (45:15); Texas Instruments (49:30); XBI (54:45)

WHAT WE’RE READING

  • Dan Niles says the ‘Rubber Hits the Road’ this Earnings Season for Megacap Tech Stocks (CNBC)

  • CPI & Earnings Season Preview (WSJ)

  • Fed’s Williams Says Rates High Enough to Cool Inflation to Goal (Bloomberg)

  • Thursday’s inflation report could challenge the market outlook for big Fed rate cuts (CNBC)

  • Tesla Stock Is on a Bad Streak. It’s Probably Taxes More Than Elon Musk. (Barron’s)

  • Liz Young’s Investment Blog (SoFi)

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