Good MorningInvestors continue to bet on growth despite the rising specter of inflation. The S&P 500 reversed early losses on Wednesday to close with a small gain going into the holiday weekend. The move is the 15th day of trading within a near-term consolidation range that is fast becoming a bullish-looking flag pattern. If the market breaks out to the upside and confirms this pattern within the next week or so it should rally well into the end of the year.
In economic news, the PCE Price Index was released on Wednesday coming in largely as expected. The rub is that “as expected” included a 0.20% month-to-month increase and the fastest pace of YOY gains for several decades. At this pace, the market should expect the first interest rate hikes to come well before the middle of next year.
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Politics | | | Global stock markets mostly rose Thursday after Federal Reserve officials indicated they were ready to hike interest rates sooner than expected if needed to cool U.S. inflation.
London, Tokyo, Frankfurt and Hong Kong markets advanced, while Shanghai declined.
Wall Stree... 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 | | | Homebuilders and other real estate companies are increasingly betting that would-be homebuyers frustrated with a shortage of homes for sale and runaway prices will settle for renting their slice of the American Dream Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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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 | | | A jury's finding this week that three major pharmacy chains are responsible for contributing to the scourge of opioid addiction in two Ohio counties may be just the beginning of a protracted legal battle that ultimately could leave the communities no better off.
The reason is the cent... 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 | | | After several quarters of range-bound trading and market uncertainty, it looks like shares of Deere & Company (NYSE: DE) are about to run higher. Not only has the company exceeded its fiscal 2021 expectations but a major strike has been resolved and the guidance for next year is very favorable. 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 VIA optronics AG, together with its subsidiaries, provides display solutions worldwide. It also develops, manufactures, and sells customized and application-specific metal mesh touch sensors and electrode base film materials for use in touch modules or other touch products. In addition, the company offers interactive display solutions, including curved display panels and solutions integrating multiple display touch assemblies; and optical bonding services, as well as licenses optical bonding process and sells related equipment. It serves automotive, consumer electronics, and industrial/specialized end markets. The company was founded in 2005 and is headquartered in Nuremberg, Germany. VIA optronics AG is a subsidiary of Integrated Micro-Electronics, Inc. | | View Today's Stock Pick |
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