Good MorningThe S&P 500 regained its footing on Wednesday after a quick pull back in prices. The move is due in part to weaker than expected PMI numbers that suggest economic activity slowed in the month of November. Although Tuesday's action was bullish, the markets could continue to fall on Wednesday simply because of a lack of trading volume. The markets are closed on Thursday for the Thanksgiving holiday and will not resume normal trading until Friday.
Today's market action will be driven by a raft of economic data including the GDP revision and Personal Income and Spending data. The PCE Price index, the Fed’s favored tool for measuring consumer-level inflation will be the release of the week. It is expected to accelerate on a month-over-month basis and rise 4.1% versus last year. A hotter than expected number would be bad for the market.
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Markets | |
It's almost Thanksgiving, and at least one well-intentioned family member will invariably ask your high school senior, "Where are you going to college next year?" (In fact, you might want to warn your high schooler in advance.)
The College Board published the 2021-2022 average sticker price for t... Read the Full Story |
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From Our Partners | | Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down year in nearly two decades and total gains of almost 2,000% - his immediate reaction was disbelief.
It took a trusted friend's personal vouching for Emmet Savage and a face-to-face trip to Ireland to change his mind. The full documentary, Investigating Project Prophet, is now live. | | Watch the full story and see the verified track record for yourself |
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Consumer Discretionary | |
Dick’s Sporting Goods Pulls Back For No Good Reason At All
Investors worried about insider selling at Dick’s Sporting Goods (NYSE: DKS) are better served turning their attention to the institutions. While insiders were selling earlier in the year their sales have slowed to nil in the... Read the Full Story |
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Healthcare | |
The future can’t arrive soon enough for these two medical device giants
I’ve been bullish on both Medtronic (NYSE:MDT) and Intuitive Surgical (NASDAQ:ISRG) at different points this year. However both stocks are under selling pressure even after each company delivered solid, if not spe... Read the Full Story |
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From Our Partners | | Moderna's stock doubled in a single day after its cancer vaccine hit key Phase 3 goals, and Merck jumped too. But according to a former Steve Cohen fund manager, the next big opportunity is not Moderna or Merck.
It is a different kind of company tied to a technology already backed by Elon Musk, Sam Altman, Jeff Bezos, and Peter Thiel. Nvidia's Jensen Huang says it will have a dramatic impact on daily life, while Anthropic's CEO believes it could unlock a century of medical progress in just ten years.
Nature Magazine estimates its potential value at $367 trillion globally, and it is already rolling out across the United States. | | Click here to learn about this new era of medical technology |
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Consumer Discretionary | |
Rising Costs Weigh On Jack In The Box
We favor the Jack In The Box (NASDAQ: JACK) turnaround story for several reasons including the push toward brand unification, franchises, and expansion, and think it will be one of the big stories in fast food. Based on the Q4 results, the company’s ef... Read the Full Story |
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Technology | |
This Is The Next Buying Opportunity In Analog Devices
The semiconductor industry is in a boom so it was expected for Analog Devices (NASDAQ: ADI) to provide strong results and outlook. That is why price action surged prior to the release and why now, after the fact, price action is in decline. I... Read the Full Story |
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From Our Partners | | Gold is hitting record highs, but most investors are leaving income on the table. A $15 fund is quietly paying out up to $1,152 a month to regular investors - no mining stocks, no options, no physical metal required.
Chief Income Strategist Tim Plaehn calls it a breakthrough strategy that transforms gold's rally into reliable monthly payouts. The next distribution is just days away. | | Discover the gold income fund before the next payout date |
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Markets | | Data storage solutions company Western Digital (NYSE: WDC) stock may have bottomed out after its fiscal Q1 2022 earnings shortfall and lowered guidance. COVID-19 impact, chip shortage and supply chain disruptions all played a part in the transitory shortfalls to set the bar lower moving forward. Sup... Read the Full Story |
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Technology | | Silicon Carbide (SiC) and Gallium Nitride (GaN) technology giant Wolfspeed (NASDAQ: WOLF) stock has been on a tear making new all-time highs since transforming itself from Cree. The Company is a leader in SiC-based semiconductors and devices. SiC chips have proven to have superior performance over t... Read the Full Story |
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Markets | |
Consider Adding These 3 Stocks As Money Rotates Out of Growth
Investors have had to deal with several complicated factors impacting equity markets throughout 2021, as issues like inflation and the possibility of rate hikes have loomed large. Whether it was news surrounding the Federal Reserve or ... Read the Full Story |
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Finance | | Shares of Affirm Holdings (NASDAQ: AFRM) were trading higher mid-session Tuesday, as the stock attempted a rebound from a decline that began on November 8, as the stock pulled back from a high of $176.65.
The San Francisco-based company operates a platform for digital and mobile commerce. Its offe... Read the Full Story |
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Consumer Staples | |
Mixed Results And Favorable Outlook Spur Dollar Tree
Shares of Dollar Tree (NASDAQ: DLTR) are rocketing higher after the Q3 results not because the results were good but because of higher pricing. The results were only OK but higher pricing means they will get better. The company announced it wa... Read the Full Story |
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The Early Bird Stock Of The Day Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company offers various deposit products, including passbook accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits. It also provides loan products, such as commercial mortgage loans, commercial loans, small business administration loans, residential mortgage loans, real estate construction loans, and home equity lines of credit, as well as installment loans to individuals for household, and other consumer expenditures. In addition, the company offers trade financing, letter of credit, wire transfer, forward currency spot and forward contract, safe deposit, collection, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. Cathay General Bancorp was founded in 1962 and is headquartered in Los Angeles, California. | | View Today's Stock Pick |
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