Good MorningEquities got a boost from good news on Monday that sent the S&P 500 up to a new all-time high. The news? President Biden nominated Jerome Powell for another term as head of the Federal Open Market Committee. As head of the committee, he will be tasked with monitoring the U.S. monetary policy and keeping tabs on inflation.
With inflation running hotter than expected, it is expected the FOMC will be raising rates next year, the question is by how much? The CME’s Fedwatch Tool, an indication of market sentiment regarding interest rate hikes, has seen the average expectation creep higher in recent weeks with most participants expecting at least one hike by June and many believing the first will come much sooner than the June meeting.
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Politics | | | Asian shares were mixed Tuesday after a late drop left major Wall Street indexes mostly lower.
Tokyo was closed Tuesday for a holiday. Hong Kong and Seoul declined while Shanghai edged higher.
Market players appeared to be relieved to learn that President Joe Biden wil... Read the Full Story |
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Markets | | | We've done a lot of the heavy lifting for you and compiled an overview of several lesser-known stocks showing relative strength that have bright business prospects going forward. Here are 3 under-the-radar stocks to buy now Read the Full Story |
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Politics | | | President Joe Biden announced he’s nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate policies helped bolster confidence and revitalize the job market Read the Full Story |
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Markets | | | Software companies are popular growth investments these days. This makes perfect sense given the digital transformation unfolding across so many industries.Here are three software names worth buying and holding onto for the next three to five years, if not longer. Read the Full Story |
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Politics | | | Stocks were higher in afternoon trading on Wall Street Monday as investors head into a holiday-shortened week with reassurance about leadership at the Federal Reserve.
The S&P 500 was up 0.6% as of 3:24 p.m. Eastern, on pace to close at an all-time high. The Dow Jones Industrial A... Read the Full Story |
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Markets | | | Target will no longer open its stores on Thanksgiving Day, making permanent a shift to the unofficial start of the holiday season that was suspended during the pandemic.
To limit crowds in stores, retailers last year were forced to turn what had become a weekend shopping blitz into a... Read the Full Story |
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Tech | | | California Gov. Gavin Newsom has named his senior adviser on energy policy as the next president of the powerful state body that regulates utilities.
Alice Reynolds is set to lead the five-member California Public Utilities Commission beginning Dec. 31, taking over a job that include... Read the Full Story |
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Markets | | | Despite a run of bad news in recent weeks, shares of semiconductor company Micron (NASDAQ: MU) found themselves among the better performing equities on Friday of last week as well as during yesterday’s session. Read the Full Story |
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Stocks | | | It’s been a busy few days for both investors and management of Intuit (NASDAQ: INTU). After the bell rang to close Thursday’s session, the well known and well used financial software brand reported their fiscal Q1 earnings which smashed analyst expectations. Topline revenue was up more t... Read the Full Story |
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Markets | | |
As people quit their jobs in record numbers during what's been dubbed the "Great Resignation," it begs the question: Are people simply trying to recapture a balance in their work (less commute time, more four-hour work weeks?) Or do a large portion plan to rekindle their long-lost career ambitions... Read the Full Story |
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The Early Bird Stock Of The Day Coca-Cola FEMSA, S.A.B. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name. It also distributes and sells Heineken, Estrella Galicia, Therezópolis, and Campari beer products, as well as Perfetti confectionary and chewing gum in its Brazilian territories; and Monster products. The company sells its products to distributors, retail outlets, wholesale supermarkets, discount and convenience stores, retailers, points-of-sale outlets, restaurants, bars, stadiums, auditoriums, theaters, and home deliveries. Coca-Cola FEMSA, S.A.B. de C.V. was founded in 1979 and is headquartered in Mexico City, Mexico. | | View Today's Stock Pick |
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