Stock Sector Outlook 2024

Plus, Chainlink's sudden whale boost.

Today is Monday, February 12, 2024.

The Early Bird Index today is 68.65.

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Stock Sector Outlook 2024

While 2023 was good for most U.S. equities, Kendall Dilley from Vineyard Global Advisors explains in a new episode of the Early Bird podcast that the winning sectors could be different in 2024.

Overview: Dilley said that he is still positive on cyclical growth sectors that had a great 2023, but he also sees upside potential from cyclical value sectors.

Powering the Story: While the financial sector still faces some challenges, Dilley is bullish on financial stocks because the valuations are reasonable and the stocks have room to run. He also likes the energy sector because these stocks are shareholder-friendly and could potentially come back from a weak 2023.

Also: Dilley likes tech stocks and is bullish on the AI boom, but he warns that some tech stocks might be overbought.

Final Thoughts: What other sectors does Dilley like in 2024? What about mid-cap and small-cap stocks? What is Dilley’s advice for investors this year? Find out by listening to a new episode of the Early Bird podcast. (Sponsored) is the world's largest community of alternative investors. If it's unique or outside the mainstream, we love it. We have 50,000+ subscribers, and getting new ones is like a knife through butter.


Notable Earnings Today: (Nasdaq: MNDY), Arista Networks (NYSE: ANET), ZoomInfo (Nasdaq: ZI), Avis Budget (Nasdaq: CAR), Trimble (Nasdaq: TRMB), Waste Management (NYSE: WM), Goodyear Tire (Nasdaq: GT), Cadence Design Systems (Nasdaq: CDNS), Lattice Semiconductor (Nasdaq: LSCC), Medpace (Nasdaq: MEDP), Brighthouse Financial (Nasdaq: BHF), Teradata (NYSE: TDC), Alexander’s (NYSE: ALX), Beasley Broadcast Group (Nasdaq: BBGI), Blackbaud (Nasdaq: BLKB), Federal Realty (NYSE: FRT), Hudson Pacific Properties (NYSE: HPP), Otter Tail Power (Nasdaq: OTTR), Principal Financial Group (Nasdaq: PFG), Service Co (NYSE: SCI), Star Bulk Carriers (Nasdaq: SBLK), Vornado Realty Trust (NYSE: VNO), Watts Water Technologies (NYSE: WTS).

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: Seed Ranch Flavor (Republic), Lick Honest Ice Creams (MicroVentures), Gravity Jack (StartEngine), Solubag (MicroVentures), Govinda's Catering (Honeycomb), Cherry Bombe (Wefunder), American Weekend Entertainment (Netcapital), HUMANITEA (StartEngine).

Notable Economic Events Today: NY Fed 1-Year Consumer Inflation Expectations (11:00 a.m. ET), Federal Budget Balance (2:00 p.m. ET).

The price of the cryptocurrency Chainlink has been up 7% in the past week, which is higher than most other cryptos recently.

Powering the Story: A report over the weekend suggested that an anonymous whale bought about $83.6 million worth of Chainlink coins in the previous few days.

Definition: In crypto, a whale refers to a person or group that owns a vast amount of crypto.

Price: Chainlink is up nearly 30% so far in 2024.

Final Thoughts: While Chainlink has been one of the most impressive cryptos since the start of 2024, it is still considered to be a volatile asset.

Diamondback Reportedly Merging With Rival

In what could be a mega-merger for the oil-and-gas industry, the Wall Street Journal reported on Sunday that rivals Diamondback Energy (Nasdaq: FANG) and the privately-held company Endeavor Energy Resources are finalizing a $50 billion merger.

Final Thoughts: A deal could be announced as soon as today. Diamondback is up 2% in the past 12 months.

Too Much Exposure: Why NYC apartments could become a big problem for NYCB (Yahoo! Finance)

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