BofA strategists see better stock breadth as Fed rates diverge

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BofA strategists see better stock breadth as Fed rates diverge. 📊 Stock gains could become more broad-based as global central banks cut interest rates faster than the Federal Reserve, helping growth to pick up, according to Bank of America Corporation strategists. Yahoo Finance reports.

🚀 TradeBoost: Global stock markets rose on Friday, after U.S. President Donald Trump's latest comments were seen as taking a softer stance towards tariffs against China and raised the prospect of lower U.S. interest rates. Reuters reports.

🌍 YGlobal: Elon Musk's Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on Thursday, weeks after it was first released in China. Reuters reports.

🔍 TechProbe: Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. CNBC reports.

✈️ FlightDrop: American Airlines shares tumble as outlook falls short. CNBC reports.

⚠️ TurbulentQ4: Boeing said Thursday that it likely lost about $4 billion in the fourth quarter, adding to troubles at the manufacturer, which began 2024 with a midair accident and ended it with a crippling labor strike and layoffs. CNBC reports.

📊 HealthLift: Elevance Health reported stronger-than-expected results and raised its dividend as it benefited from higher premiums, acquisitions, and growth in its pharmacy division. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $ALUR: Allurion Technologies
Total gain: +137.02%

2. $STBX: Starbox Group Holdings
Total gain: +71.75%

3. $TDTH: Trident Digital Tech Holdings
Total gain: +46.97%

4. $EVAX: Evaxion Biotech
Total gain: +39.83%

5. $OST: Ostin Technology Group
Total gain: +37.6%

The internet was invented by the US government, not Silicon Valley

Many people think that the US is ahead in the frontier technology sectors as a result of private sector entrepreneurship. It's not. The US federal government created all these sectors.

The Pentagon financed the development of the computer in the early days and the Internet came out of a Pentagon research project. The semiconductor - the foundation of the information economy - was initially developed with the funding of the US Navy. The US aircraft industry would not have become what it is today had the US Air Force not massively subsidized it indirectly by paying huge prices for its military aircraft, the profit of which was channeled into developing civilian aircraft.

The closing price of the top three market percent gainers trading near or above $3 on January 23.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $DWTX: Dogwood Therapeutics
Total gain: +458.21%
The stock appeared to be moving on no notable news.

2. $VNCE: Vince Holding
Total gain: +62.55%
Vince Holding announced that P180, a new venture focused on accelerating growth and profitability in the luxury apparel sector, has acquired a majority stake in Vince Holding from affiliates of Sun Capital Partners. Benzinga reports.

3. $NITO: N2OFF
Total gain: +41.60%
N2OFF announced that it has signed a binding term sheet with Solterra Energy to collaborate exclusively on renewable energy projects in Albania for one year, with a primary focus on solar energy and battery storage. Benzinga reports.

Time (ET) / Report / Period

9:45 am - S&P flash U.S. services PMI - January
9:45 am - S&P flash U.S. manufacturing PMI - January
10:00 am - Existing home sales - December
10:00 am - Consumer sentiment (final) - January

"Wise men learn by others’ harms; fools by their own.”

― Benjamin Franklin

Sourced in:
Poor Richard's Almanack. Philadelphia: Benjamin Franklin, 1732–1758.