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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Politics | | | President Joe Biden on Tuesday ordered a record 50 million barrels of oil released from America's strategic reserve, aiming to bring down gasoline and other costs, in coordination with other major energy consuming nations including India, the United Kingdom and China.
The U.S. action ... Read the Full Story |
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Markets | | | For all of its promise, the field of robotic surgery is still a slow growing sector and will continue to add competitors. The good news is that, as long-term stocks, I believe the sector is large enough for both companies. But in this article, we'll analyze which stock is a better buy in the short term. Read the Full Story |
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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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Politics | | | When President Joe Biden ordered the release of 50 million barrels of oil from America’s strategic reserve to help reduce energy costs, he was taking aim at a growing burden for millions of Americans embarking on Thanksgiving travel.
The step announced Tuesday, done in a rare coordina... Read the Full Story |
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Politics | | | CVS, Walgreens and Walmart pharmacies recklessly distributed massive amounts of pain pills in two Ohio counties, a federal jury said Tuesday in a verdict that could set the tone for U.S. city and county governments that want to hold pharmacies accountable for their roles in the opioid crisis.
... Read the Full Story |
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Politics | | | A closely watched survey shows that German business confidence has dropped for the fifth consecutive month amid persistent supply-chain bottlenecks and a resurgence of coronavirus infections in Europe’s biggest economy Read the Full Story |
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Politics | | | E-cigarette giant Juul Labs will pay Arizona $14.5 million and vowed not to market to young people in the state to settle a consumer fraud lawsuit.
The settlement announced by Attorney General Mark Brnovich Tuesday is the second Juul has reached with state prosecutors. It ends litiga... Read the Full Story |
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Markets | | | 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. Read the Full Story |
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Markets | | | 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. Read the Full Story |
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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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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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