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Dow hits two-week low as Boeing plummets; megacaps lift

Blue-chip index Dow has slipped to a fresh two-week low as Boeing shares nosedived following the grounding of some its jets, while a rebound in megacaps and chip stocks supported the other US stock indexes. Boeing slid 9.1 per cent after the US Federal Aviation Administration (FAA) ordered the temporary grounding of some 737 MAX 9 jets fitted with a panel that blew off an Alaska Air Group jet in midair on Friday. The aircraft manufacturer could lose about $13.5 billion in value if losses hold through market close. "It could impact the airline sector because the 737 (MAX) is a real workhorse of the many airlines fleets," said Kim…

AI Is Unlocking Major Wealth Potential for Robotics Stocks

Editor’s note: “AI Is Unlocking Major Wealth Potential for Robotics Stocks ” was previously published in December 2023 . It has since been updated to include the most relevant information available. It likely comes as no surprise that I’m exceptionally bullish on artificial intelligence ( AI ) right now. In fact, for the past year, I’ve been pounding the table on robotics stocks as some of the best AI stocks to buy. In particular, I’ve been very bullish on AI robotics startup Symbotic ( SYM ) as the top AI stock to buy right now. Symbotic has developed an AI-powered robotic solution to entirely automate warehouse operations. Think…

Unrest In Libya Remains Major Obstacle To Higher Oil Production

Given that Libya still has 48 billion barrels of proved crude oil reserves – the largest in Africa – recent comments from National Oil Corporation (NOC) chairman Farhat Bengdara that it is on track to rise oil production from the circa-1.2 million bpd seen in recent months to 2 million bpd within the next three years at the earliest might appear well-founded. So too might his comment that the NOC is also planning major bidding rounds for oil exploration blocks this year. However, politically-driven problems emerging last week at the Libya’s largest oil field – Shahara – and the nearby El-Feel field highlight the obstacles that…

Massive New 12 Gigawatt Solar Power Deal Officially Kills The Anti-ESG Campaign

Oh the irony, it burns! Public officials in the US state of Georgia have joined a multi-state effort to protect fossil fuels against competition from renewable energy, but the force of the free market is just not with them. In the latest development, the solar manufacturer Qcells has announced that its new factory — in Georgia — will churn out a whopping 12 gigawatts’ worth of solar modules on behalf of Microsoft, and that’s not the only decarbonization trick up the Peach State’s sleeve. The Internet was practically humming with news about the solar power hookup between QCells and Microsoft. It’s a giant step up from an agreement…

Three Risks to the Inflation Narrative

Market expectations of rapid disinflation and a soft landing remain, but January has contributed a few new risks to the optimistic estimates of disinflation with no impact on the economy. The second risk comes from the significant bounce in net liquidity and effective money supply both in the United States and the eurozone. Thus, the following three months will be critical to understanding the real disinflation process and whether market estimates are too optimistic. Unless the money supply declines again, the path to reaching the Federal Reserve’s target of 2 percent inflation may be challenging. The minutes from the meeting of…