Good MorningEquities pulled back a little on Thursday as traders and investors braced for what could be a very hot CPI reading. The index is released today and is expected to show another year-over-year increase in consumer-level inflation that is well above the 2.0% mark. The data will influence the FOMC at their meeting next week and could result in a much faster than expected taper. More importantly, the data will shed new light on when the first FOMC rate hike will come and we think that will be in early Spring at the latest.
Next week we’ll get a slew of data including housing, retail sales, and the Producer Price Index which is also expected to show hot inflation. With earnings on the back burner, the inflation data and FOMC meeting are what will influence trading for the week.
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Markets | | | Mid-cap techs Tenable (NASDAQ: TENB), Rapid7 (NASDAQ: RPD) , and Qualys (NASDAQ: QLYS) are all forming potentially constructive consolidations below recent price highs.
Mid-cap stocks are an often-overlooked asset class. As the name suggests, mid-caps fall between small- and large-cap st... Read the Full Story |
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Markets | | | Newspaper publisher Lee Enterprises has rejected a takeover offer from the Alden Global Capital hedge fund that is one of the largest newspaper owners in the country with a reputation for intense cost cuts and layoffs Read the Full Story |
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Markets | | | The CEO of General Motors said Thursday that the automaker learned valuable lessons last year when it stepped in to boost emergency production of ventilators to treat severely ill COVID-19 patients.
The company was able to help a small West Coast ventilator maker start large-scale pr... Read the Full Story |
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Stocks | | | We highlighted Arhaus (NASDAQ: ARHS) a few weeks ago as a recently IPOd stock that deserved a spot on your nice list. The company operates as a higher-end retailer of home furnishings and decor and its business appears to be well-supported. Read the Full Story |
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Markets | | | We’ve been waiting to see a short-squeeze in RH (NYSE: RH) since the last earnings report and low and beyond it is finally here. The stock is up more than 9% on a strong earnings report but there is a caveat for traders. Read the Full Story |
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Markets | | | Lowe's CEO Marvin Ellison personally knows about racism.
He grew up in segregated rural Tennessee. His father was a sharecropper-turned-insurance salesman and his mother was one of the first in their family to graduate from high school. Both parents taught him and his six siblings to ... Read the Full Story |
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Markets | | | Starbucks workers have voted to unionize at a store in Buffalo, New York over the company’s objections, pointing the way to a new labor model for the 50-year old coffee giant.
The National Labor Relations Board said Thursday that workers voted 19-8 in favor of a union. The board is st... Read the Full Story |
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Markets | | | American Airlines is dropping some international flights from its plans for next summer because Boeing has failed to deliver planes that the airline ordered, according to an internal memo Thursday.
Boeing has been unable to deliver its 787 jetliner, which it calls the Dreamliner, for ... Read the Full Story |
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Markets | | | Pop culture toymaker Funko Pop (NASDAQ: FNKO) stock has made a dramatic recovery in early 2021 but has sold off just as dramatically into year-end as the collectors market cools off. The versatile, vertically integrated maker of its unique pop dolls has seen its stock rise with the popularity of com... Read the Full Story |
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The 10% drop in GameStop (NYSE: GME) shares during Thursday’s session should tell you everything you need to know about their Q3 earnings report, which was released on Wednesday night. A healthy beat on the video game store’s topline revenue couldn’t mask what was by any measure ... Read the Full Story |
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The Early Bird Stock Of The Day AG Mortgage Investment Trust, Inc. operates as a residential mortgage real estate investment trust in the United States. Its investment portfolio includes residential investments, including non-agency loans, agency-eligible loans, re-and non-performing loans, and non-agency residential mortgage-backed securities, as well as commercial loans and commercial mortgage-backed securities. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. AG Mortgage Investment Trust, Inc. was incorporated in 2011 and is based in New York, New York. | | View Today's Stock Pick |
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