From Nasdaq:

U.S. stock markets saw a strong end to 2023 after a disappointing 2022, but started 2024 on a bleak note. The Institute of Supply Management reported that the U.S. manufacturing and services PMI both declined in December, with manufacturing contracting for the 14th consecutive month. The labor market remains resilient with 216,000 jobs added in December, and the Fed is expected to initiate interest rate cuts in 2024.

Splunk Inc. is seeing significant customer additions and multiple project wins, supporting its expected revenue and earnings growth rate of 11.1% and 6.8% for next year. Casey’s General Stores Inc. reported impressive results, with expected revenue and earnings growth rate of 0.3% and 7.4% for the current year. Meta Platforms Inc. is benefiting from user growth across all regions and has an expected revenue and earnings growth rate of 13.4% and 22.7% for the current year. Lennox International Inc. is a global leader in the heating, air conditioning, and refrigeration markets, with expected revenue and earnings growth rate of 6.3% and 10.9% for the current year. Spotify Technology S.A. provides audio streaming services worldwide and has an expected revenue and earnings growth rate of 17.3% and more than 100% for the current year. The Zacks Top 10 Stocks for 2024 has been released, offering insight into the best stocks to buy and hold for the year.



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