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Stocks Climb as Investors Weigh a Potential Slowdown in Rate Hikes

The stock market rose on Monday as investors weighed a potential slowdown in interest rate hikes. This week is also jam-packed for corporate earnings, which could keep the market on edge.

Overall, S&P 500 grew 1.2% to 4,020, while NASDAQ increased 2.0% to 11,364.

 

 

 

Tweet of the Day

Chart of the Day

Our chart of the day is the ten-year chart of Factset Research (FDS) as of January 12, 2023, when the stock was at $414.

Factset Research provides market intelligence on securities, companies, and industries that equips clients with the right research investment tools and ideas so they can personally analyze, monitor, and manage their portfolios.

The company is delivering strong growth, due in part from a recent acquisition of CUSIP Global Services (CGS). Last qtr, it delivered 19% profit growth on 21% sales growth. FDS is 13% grower long-term, so this growth rate is above average.

FDS has been a model of consistency. It has a high degree of safety, a 23-year dividend increase streak, a 42-year history of record-high profits, and a stock buyback program. This stock is a long-term winner, so David Sharek continues to be bullish on owning it.

FactSet is part of the Conservative Stock Portfolio. This is a buy-and-hold stock.

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