The stock market was mixed again on Wednesday as inflation came in hotter than expected. The consumer price index rose 0.5% for January, above the estimate of 0.3%. This made it less likely for the Federal Reserve to cut interest rate sooner.
Overall, S&P 500 declined 0.3% to 6,052, while NASDAQ was flat at 19,650.
Tweet of the Day
CTV advertising is what The Trade Desk specializes in. It's ads in digital content. https://t.co/Y3akKupAm6
— David Sharek (@GrowthStockGuy) February 13, 2025
Chart of the Day
Here is the one-year chart of Factset Research (FDS) as of January 13, 2025, when the stock was at $455.
Factset Research is a consistent grower within the financial software industry. However, the company just recorded slower than usual growth last quarter as catalysts are lacking. Profits increased just 6% last quarter, and analysts estimate 0% growth for the next two quarters.
Factset Research is moving ahead with its AI initiatives that allow questions to be answered on its platform. However, it also stated clients are not interested in marketing hype and demands practical workhorse solutions to boost productivity, unlock efficiencies and optimize daily workflows.
In addition, the stock has only 6% upside to our 2025 Fair Value of $481.
FDS is part of our Conservative Stock Portfolio. This is a fabulous buy-and-hold stock.
