Good MorningEquities pulled back on Monday on the combined fear of COVID-19 and the FOMC. On the COVID front, the UK confirmed its first death from the Omicron variant raising the stakes in terms of how badly the new strain may impact the global economy. On the FOMC front, traders are trying to handicap when the first interest rate hike will come and we think the right answer is sooner rather than later.
As it stands, there is a better than 50% chance the first hike will come by May. If the pace of inflation doesn’t slow over the next month or so the first hike could come as early as March. Trading on Tuesday will be greatly influenced by the Producer Price Index which is expected to moderate on a month-to-month basis but to remain high versus last year and well above the Fed’s 2.0% target. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Markets | | | Global stock markets mostly rose Monday ahead of a Federal Reserve meeting this week that is expected to accelerate plans to wind down U.S. economic stimulus after November inflation hit a 39-year high.
London, Shanghai and Tokyo advanced while Frankfurt opened lower. Oil prices rose ... Read the Full Story |
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Markets | | |
New Nasdaq 100 Stocks to Buy Now
It’s always interesting to see which names make it into major indices when they are rebalanced, as these moves can give investors valuable insight into where a stock might be heading in the coming months. For example, several companies are being added to the... Read the Full Story |
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Markets | | | Stocks fell in afternoon trading on Wall Street Monday in a sluggish start to the week following the market's best weekly gain since February.
The S&P 500 fell 0.6% as of 2:50 p.m. Eastern. The Dow Jones Industrial Average fell 228 points, or 0.6%, to 35,744 and the Nasdaq fell 0.... Read the Full Story |
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From Our PartnersWhat If Washington Declared That:
YOUR Money ISN'T Actually Yours?
Sounds insane, but that's exactly what the Department of Justice just admitted in court—claiming cash isn't legally your property.
What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | | Get your free guide now by clicking here >> |
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Markets | | | With shares of Broadcom (NASDAQ: AVGO) up sharply in the wake of the Q4 earnings and Q1 guidance investors and traders alike are surely wondering how much higher can the stock go? Based on our assessment of the report, the market fundamentals, and the chart we think this stock could go a lot higher. Read the Full Story |
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Tech | | | The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.
"The future of transportation in our nation... Read the Full Story |
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Politics | | | The head of a Senate panel that oversees Medicare says the Biden administration should use its legal authority to cut back a hefty premium increase soon hitting millions of enrollees, as a growing number of Democratic lawmakers call for action amid worries over rising inflation.
Last ... Read the Full Story |
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Politics | | | California’s 26-year-old program to get more people to put solar panels on their homes has been wildly successful, but state regulators may reduce the incentives for people to go solar in a bid to reduce electricity bills for the rest of residents in the most populous U.S. state.
Curr... Read the Full Story |
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Markets | | | Restaurant operator Dine Brands (NYSE: DIN) stock has been a consistent performer since recovering from its pandemic lows. The operator of well-known restaurant brands Applebee’s and IHOP is seeing double-digit same-store sales growth as COVID-19 restrictions have been lifted. The Company plan... Read the Full Story |
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Markets | | | J. Jill (NYSE: JILL) is moving higher after reporting a much better than expected quarter. While the revenue was largely in line with the market’s expectations it was the earnings that really caught our attention. Read the Full Story |
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Markets | | |
If you pulled money from your account in 2021, what does that mean for you?
Congress allowed retirement savers to take out as much as $100,000 from individual retirement accounts by the end of December 2020 without the 10% early withdrawal penalty (for those younger than age 59½... Read the Full Story |
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The Early Bird Stock Of The Day Yamana Gold, Inc. engages in the production of gold, silver and copper. It operates through the following segments: El Peñón, Canadian Malartic, Jacobina, Minera Florida, Cerro Moro, Other Mines, and Corporate and Other. The company was founded by Peter Marrone on March 17, 1994 and is headquartered in Toronto, Canada. | | View Today's Stock Pick |
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