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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Technology | | 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. Though they retreated from their highs into last night’s close, they were at ... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Technology | | 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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From Our Partners | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Markets | |
Is Now The Best Time To Buy Best Buy?
Insiders were selling shares of Best Buy (NASDAQ: BBY) ahead of the Q3 report but the two events are unrelated. The selling, more than 36 transactions over the past 12 months, were made mostly by large shareholders and comprised less than 1.0% of the shares ... Read the Full Story |
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Technology | |
Software companies are popular growth investments these days. This makes perfect sense given the digital transformation unfolding across so many industries. Software is expected to play a lead role in helping businesses go digital over the next several years.
Over the last 10 years, software stoc... Read the Full Story |
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From Our Partners | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market opens.
No guesswork, no scanning countless charts, just one focused opportunity to evaluate each day. | | See how the Wave Software pinpoints daily trade opportunities before 9 am. |
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Industrials | |
Add These Under-The-Radar Stocks to Your Shopping List Now
Given the recent weakness in many of the former market-leading stocks, it might make sense to start focusing on lesser-known names. After all, with so many different companies and sectors to choose from, there’s always a bull market... Read the Full Story |
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Markets | |
The world’s largest electronic vehicle (EV) charging network ChargePoint (NYSE: CHPT) stock is rebounding off its post-SPAC reverse merger lows. The second wave of interest in the EV sector accelerating as more startups get closer to production led by Rivian (NASDAQ: RIVN), Lucid (NASDAQ: LC... Read the Full Story |
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Consumer Discretionary | |
3 Retailers Poised For A Strong Shopping Season
The retail sector outperformed all expectations in the 3rd quarter and it looks like the same will be true in the 4th quarter. With consumer spending habits rising and the stocks outperforming, we felt it a good time to highlight some of the winner... Read the Full Story |
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Technology | |
Palo Alto Networks Beats On Strong Demand
Shares of Palo Alto Networks (NYSE: PANW) are certainly highly valued trading at near 80X their earnings but there are a few things to consider. The first is the company continually outperforms high expectations. The second is the company has raised its ... Read the Full Story |
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Consumer Discretionary | |
It’s Not Quite Time To Buy The Buckle, Inc Yet
The Buckle, Inc (NYSE: BKE) posted a fantastic Q3 earnings reports but it wasn’t enough to overcome the massive wave of selling that was triggered by the news. Price action surged to retest an all-time high that was set in June of 2013 a... 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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