Good MorningEquities clawed back some of their recent losses on Tuesday with the major indices up more than 1.5% at the high of the session. The tech-heavy NASDAQ Composite led the move with a gain of more than 2.25% as fear of the Omicron variant subside. The risk of Omicron remains but any impact it may have on the economy may be getting priced into the market. The technical outlook for the S&P 500 remains bullish although volatility is expected to remain high.
Thursday will be the busiest day of trading for the week with more than a dozen economic reports due out before the Christmas Holiday. The key reading of the day will be the monthly income and spending data to include the PCE Price Index. The PCE Price Index is expected to accelerate on a MOM to and YOY basis and may come in hotter than the consensus estimate.
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Politics | | | Asian stock markets have followed Wall Street higher after President Joe Biden reassured investors by calling for more vaccinations but no business or travel curbs in response to the omicron coronavirus variant Read the Full Story |
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Markets | | | Global stock markets have followed Wall Street higher after President Joe Biden reassured investors by calling for more vaccinations but no business or travel curbs in response to the omicron coronavirus variant Read the Full Story |
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Tech | | | Stocks are rising on Wall Street Tuesday after three days of losses brought on by worries over the spread of the omicron variant and lingering concerns about rising inflation.
The S&P 500 index rose 1.7% as of 2:51 p.m. Eastern. The Nasdaq rose 2.3%. Both indexes were boosted by s... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
Back in 2018, when Jeff Brown told everyone to buy Tesla…
The "experts" said Elon was finished and Tesla was headed for bankruptcy.
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Stocks | | | Regional bank stocks have been growing earnings in the past year. These stocks can be good inflation hedges in a diversified portfolio. Regional bank stocks Customers Bancorp (NYSE: CUBI), Metropolitan Bank Holdings (NYSE: MCB) and Northeast Bank (NASDAQ: NBN) are steering the northeast regional bank sub-industry to leadership.
Read the Full Story |
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Markets | | | Small caps have lagged their larger peers year-to-date, but if and when risk-on mode returns, they will likely be a great place to be. Here are some last-minute stocking stuffer ideas for the bargain-minded small cap investor. Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Stocks | | |
Chip designer Silicon Labs (NASDAQ: SLAB) is consolidating above its 50-day moving average after zipping 24.59% higher the week ended October 29.
That big move came on the heels of Silicon Labs’ third-quarter report that topped analysts’ views. Revenue was up 39% from the year-e... Read the Full Story |
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Tech | | | Just as Americans and Europeans were eagerly awaiting their most normal holiday season in a couple of years, the omicron variant has unleashed a fresh round of fear and uncertainty — for travelers, shoppers, party-goers and their economies as a whole Read the Full Story |
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Markets | | | A strike at Kellogg that has gone on since early October has ended after workers voted to ratify a new labor contract at the company's four U.S. cereal plants.
The contract covers approximately 1,400 workers represented by the union at plants in Michigan, Nebraska, Pennsylvania and T... Read the Full Story |
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Markets | | | Calavo Growers (NASDAQ: CVGW) has been struggling with market conditions, inflation, and COVID-19 all year but it looks like the company is starting to gain some traction. The company-wide rationalization of operations is helping to boost profitability at the same time market conditions began to improve Read the Full Story |
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Markets | | |
You may have already heard: The Federal Reserve has indicated that it will impose rate hikes in 2022 in response to high inflation. The Federal Reserve will also taper its bond buying program next year.
The Federal Reserve is in charge of setting the federal funds rate. (If you're not sure ... Read the Full Story |
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The Early Bird Stock Of The Day SK Telecom Co., Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices. The Fixed-Line Telecommunications Services segment provides fixed-line telephone services; broadband Internet services; media platform services, such as Internet protocol TV and cable TV; and business communications services. The Other Businesses segment offers T-commerce services, as well as portal services under Nate brand name. In addition, it provides call center management, base station maintenance, information gathering and consulting, database and internet website, cable broadcasting, broadcasting programs, and digital contents sourcing services; manufactures non-memory and other electronic integrated circuits; international telecommunication and mobile; and operates information and communications facilities, and mobile virtual network, as well as engages in communications and communication device retail business. SK Telecom Co., Ltd. was incorporated in 1984 and is headquartered in Seoul, South Korea. | | View Today's Stock Pick |
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