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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Industrials | |
Deere & Company Exit Uncertain Times
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 t... Read the Full Story |
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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
A new premium eBook flags 7 stocks that may be worth knowing about before the broader crowd catches on. You don't need to buy any of them - just knowing what's quietly gaining attention can be useful. | | See the 7 stocks on the watchlist while it's still free |
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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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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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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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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
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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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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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The Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
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