Good MorningEquity markets tried to rebound on Tuesday but the move was weak and without conviction. All eyes are on the FOMC and its policy decision scheduled to be announced this afternoon. The committee is not expected to alter its policy but is expected to indicate when and by how much the taper would begin. The S&P 500 gained about 0.5% at the high of the day but closed well off the high.
Regardless of the FOMC decision inflation is a problem for the market. A few S&P 500 companies have already indicated the negative impact of rising prices and have guided accordingly. Lennar stands out as one deeply impacted after reporting revenue well below the analyst’s consensus. Lennar execs say the miss in revenue is due to “unprecedented supply chain challenges” that are expected to linger into the “foreseeable future”.
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Stocks | | | Actions speak louder than words. That’s how you can describe the significance of the top-rated MarketBeat stocks. The objective is to direct our subscribers to popular stocks that MarketBeat users have added to their watchlist and the stocks that have a high number of search queries on MarketBeat over a given period of time. When stocks motivate investors to take these kinds of actions it’s a good indicator that they may be poised for future growth. Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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Markets | | | Cloud-based commerce platform Lightspeed (NYSE: LSPD) is an exceptional revenue growth leader, showing growth acceleration in the past four quarters.
Even before the broader market pulled back sharply on Monday, the stock had been trading in an erratic fashion, in tandem with the prior week’s... Read the Full Story |
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Markets | | | Asian shares were mostly lower on Wednesday after major indexes ended mixed on Wall Street.
Benchmarks fell in Tokyo, Shanghai and Taiwan but rose in Sydney. Markets in South Korea and Hong Kong were closed for holidays.
The Bank of Japan kept its ultra-supportive mone... Read the Full Story |
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Analysts Rethink Their Consumer Staples Holdings
With the 3rd quarter earning cycle and the end of the calendar 3rd quarter fast approaching it's past time for investors to consider their positions for the 4th quarter. Interestingly, Marketbeat.com data reveals analyst activity in one of our favo... Read the Full Story |
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Politics | | | Former President Donald Trump on Tuesday sued his estranged niece and The New York Times over a bombshell 2018 story about his family’s wealth and tax practices that was based on confidential documents she provided to the newspaper’s reporters Read the Full Story |
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Markets | | | The Justice Department and officials in six states have filed a lawsuit to block a partnership formed by American Airlines and JetBlue, claiming that it will reduce competition and lead to higher fares.
The Justice Department said Tuesday that the agreement will eliminate important co... Read the Full Story |
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Politics | | | HONOLULU — Hawaii health care providers are receiving half the number of monoclonal antibody treatments for COVID-19 that they requested amid a shortage of the drugs.
The Honolulu Star-Advertiser reports the federal government has capped Hawaii’s weekly allocation at 680 treatments. T... Read the Full Story |
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Markets | | | FedEx is getting hurt by the tight job market.
The package delivery company said Tuesday that its costs are up $450 million in the most recent quarter, as it paid higher wages as it got harder to find new workers and demand for shipping increased. FedEx also cut its outlook for the ye... Read the Full Story |
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Markets | | | Cruise ship operator Carnival Corporation (NYSE: CCL) stock has given a nice pullback since peaking around $31.46 on the reopening momentum. The travel and leisure was an epicenter sector during the pandemic and has seen a surge and subsequent sell-off with the normalization of travel with the accel... Read the Full Story |
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Even if you don't write them down, you probably have some financial goals — you know, save for a vacation, push money into a college fund, shovel money toward your retirement.
Even if you're not normally goal-oriented, it's to your advantage to put a lot of thought into how you'll pri... Read the Full Story |
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The Early Bird Stock Of The Day BHP Group Plc engages in the exploration, development, production, processing and marketing of minerals, and oil and gas. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment focuses on exploration, development, and production of oil and gas. The Copper segment includes mining of copper, silver, lead, zinc, molybdenum, uranium, and gold. The Iron Ore segment focuses only on mining of iron ore. The Coal segment is the mining of metallurgical coal and thermal energy coal. The company was founded on June 29, 2001 and is headquartered in London, the United Kingdom. | | View Today's Stock Pick |
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