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 | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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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 | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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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 | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Construction | |
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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Retail/Wholesale | |
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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Retail/Wholesale | |
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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