The overarching stock story of 2023 — while still early into the year — has been focused on artificial intelligence, namely OpenAI’s sophisticated chatbot ChatGPT.
Shares of Procter & Gamble Co (NYSE: PG) have lost more than 7% year to date.
The company is poised to return to compounding earnings ahead, according to JPMorgan.
Charles Schwab Corporation (NYSE: SCHW) just released its quarterly trader sentiment survey, and the results suggest traders are getting more bullish on the stock market despite ongoing concerns about rising interest rates and inflation.
Craig Johnson, chief market technician at Piper Sandler, says all signs are pointing to a bullish end to 2023 and he has even laid out how the market is going to get there.
OpenAI's ChatGPT likely saw growth rates suggesting it is the fastest-growing tool and app in history, registering 100 million users by January 2023 after its launch in November 2022.