Good MorningThe markets gave up some of their gains on Wednesday but investors shouldn’t worry too much about the move. Bad news for Visa is cause for most of the day’s decline and was offset by another round of much better than expected news from the retail sector. Retailers from Target to TJ Maxx beat their consensus estimates and guided the market higher citing robust trends and the expectation for fully-stocked shelves this holiday season.
On the economic front, the housing data was a mixed bag with Building Permits rising more than expected and Housing Starts falling versus an expectation for gains. The data underscore a worsening problem in the housing market, that of rising demand and stalling activity due to supply and labor shortages. If the bottlenecks are corrected soon housing prices could sustain their meteoric climb.
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Markets | | |
Nvidia stock gives investors a heads you win now, tails you win later dynamic
One of the more closely watched earnings report this week will come from Nvidia (NASDAQ: NVDA) after the market closes on November 17. Forecasts call for the chipmaker to deliver earnings ... Read the Full Story |
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Markets | | | When analysts and investors take a closer look at Target's earnings report, they’re likely to issue upgrades. That’s why we remain bullish on TGT stock and see it being part of any year-end rally in the market. Read the Full Story |
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Stocks | | |
Whether you prefer fundamental, technical, or quantitative analysis, there is no perfect potion. With so many factors moving the markets (including social media chatter) each approach can only get you so far. Sometimes a bit of good fortune does the rest.
With this said, investors that like to st... Read the Full Story |
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Markets | | | Regardless of what causes the Santa Rally, it’s not a bad idea to start building positions that could outperform towards the end of the year and beyond. Keep reading below for 3 stocks to buy for a Santa Rally. Read the Full Story |
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Markets | | | Stocks fell on Wall Street Wednesday as the broader market takes a choppy turn amid lingering concerns about rising inflation.
The S&P 500 fell 0.2% as of 1:10 p.m. Eastern. The losses pulled the benchmark index further below the record high it reached on Nov. 8. The Dow Jones Ind... Read the Full Story |
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Tech | | | President Joe Biden punched the accelerator on a battery-powered Hummer on Wednesday, causing the wheels to squeal and the truck to jet forward as he tried in his own way to drive the country toward an electric vehicle future.
The engine was quiet as the president pulled up to a waiti... Read the Full Story |
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Politics | | | A fierce battle is being waged in Washington over President Biden's choice to lead a typically low-profile agency that oversees the banking industry.
Saule Omarova, 55, was nominated in September to be the nation’s next comptroller of the currency. If confirmed, she would be the first... Read the Full Story |
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Markets | | | More than 10,000 striking Deere & Co. workers are voting on a new contract offer from the tractor maker, but this third deal is strikingly similar to a contract that 55% of workers rejected two weeks ago Read the Full Story |
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Tech | | | Amazon says it will stop accepting Visa credit cards issued in the United Kingdom because of a dispute over fees, marking growing tensions between the companies.
The online retail giant said in a message Wednesday to customers that they won't be able to use the payment company's U.K. ... Read the Full Story |
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Markets | | |
I just spent some time in Florida and wondered whether Floridians will have to batten the hatches this year due to a hurricane. (A quick Google search said probably not, as most of the hurricane season has already pushed past us — hurricane season runs from June 1 to November 30). As a Midwe... Read the Full Story |
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The Early Bird Stock Of The Day Yum China Holdings, Inc. owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services. Yum China Holdings, Inc. was founded in 1987 and is headquartered in Shanghai, the People's Republic of China. | | View Today's Stock Pick |
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