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 | | | 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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Tech | | | Democrats and climate activists generally support President Joe Biden’s decision to release a record-setting 50 million barrels of oil from America’s strategic reserve, even as the action appeared to contradict Biden’s long-term goal to fight climate change Read the Full Story >> |
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Politics | | | Asian shares mostly fell Wednesday as worries about inflation set off expectations the U.S. Federal Reserve might move faster than anticipated to raise interest rates.
Japan's Nikkei 225 dropped 1.6% to finish at 29,302.66, following a national holiday Tuesday, as technology shares es... Read the Full Story >> |
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Politics | | | Global shares were mixed Wednesday as worries about inflation set off expectations the U.S. Federal Reserve might move faster than anticipated to raise interest rates.
France's CAC 40 edged up 0.4% to 7,074.05 in early trading, while Germany's DAX rose 0.1% to 15,955.14. Britain's FTS... Read the Full Story >> |
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Markets | | | This has been a tough year to buy a new or used car in America. With COVID-19 factory shutdowns, semiconductor chip shortages, rising prices and supply chain issues, it’s been nothing but bad news for car shoppers. And for those who’ve waited, hoping Black Friday sales would bring some reprieve from... 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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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 | | | 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 | | | 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, traveler's check, safe deposit, night deposit, social security payment deposit, collection, bank-by-mail, drive-up and walk-up window, automatic teller machine, Internet banking, investment, and other customary bank services, as well as securities and insurance products. As of March 1, 2022, it operated 31 branches in Southern California, 16 branches in Northern California, 10 branches in New York, four branches in Washington, two branches in Illinois, and two branches in Texas, as well as one branch each in Maryland, Massachusetts, Nevada, and New Jersey, and Hong Kong; and a representative office each in Beijing, Taipei, and Shanghai. The company was founded in 1962 and is headquartered in Los Angeles, California. | | View Today's Stock Pick |
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