Good MorningEquities tried to rebound on Wednesday ahead of the Fed meeting but the move didn't get very far. The gains were capped by the FOMC statement and press conference in which Fed Chief Jerome Powell indicated rate hikes would begin very soon. The market took the news to mean the first rate hike will come in March and that it might be larger than previously estimated. The CME's Fedwatch Tool shows a 100% chance of rate hike in March with a growing chance of two 25 basis point hikes at once.
Turning to the indices, the S&P 500 fell almost a full percentage point at the low of the session after climbing the same amount earlier in the day. The move confirms resistance at the key 200-day moving average and at a lower level than previous support. This is evidence of increasing bearish momentum and could lead the market down another 5% to 10% with ease. Featured: See This Pattern? (ProTrading Research Sykes) 
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Markets | | | Technical analysts are seeing more bullish indicators light up this week with U.S. stocks attempting a reversal. Some stocks are flashing multiple bullish technical events that add credence to swift turnarounds. Read the Full Story |
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Politics | | | The Federal Reserve signaled Wednesday that it will begin a series of interest-rate hikes in March, reversing pandemic-era policies that have fueled hiring and growth — and stock market gains — but also high inflation.
Chair Jerome Powell said at a news conference that inflation has g... Read the Full Story |
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Politics | | | Stocks fell, giving up their gains from an early rally, and Treasury yields climbed Wednesday as investors weighed the Federal Reserve's decision to leave its key interest rate unchanged, while signaling that it plans to begin raising interest rates “soon” as the central bank moves to fight inflatio... Read the Full Story |
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Markets | | | Investors looking to buy the dip should consider companies that have been hit hardest but still have solid long-term growth prospects. It is here that valuations have become more reasonable and entry points more attractive. Read the Full Story |
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Politics | | | Stocks gained ground in afternoon trading on Wall Street Wednesday after the Federal Reserve left its key interest rate unchanged, but signaled that it plans to begin raising interest rates as soon as March as the central bank moves to fight inflation Read the Full Story |
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Markets | | | There will certainly be some interesting opportunities to add tech stocks to your long-term portfolio if we continue to see dramatic volatility in the market, which is why it makes sense to put together a shopping list now.
Read the Full Story |
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Markets | | | Boeing on Wednesday reported a $4.16 billion loss for the fourth quarter as the financial fallout of production flaws in one of its best-selling planes, the 787 Dreamliner, grew much worse.
The aircraft maker took a charge of $3.5 billion to cover additional delays in delivering copie... Read the Full Story |
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Markets | | | Toy company Mattel has won back the licensing rights for Disney's princess and “Frozen" franchises.
The reunion comes after Hasbro bested the rights for the “Frozen" and princess products away from Mattel in 2014. Disney released “Frozen” in movie theaters in November 2013, and it be... Read the Full Story |
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Markets | | | Knight-Swift Transportation (NYSE: KNX) delivered a very strong report and we are not surprised. Not only is the industry supported by strong tailwinds but the company is working on growth and its competitors have been reporting strongly as well. Read the Full Story |
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Markets | | | Sherwin-Williams (NYSE: SHW) Q4 results helped catalyze an idea that has been brewing among us. The headwinds it is facing are cutting into the results in a way that no matter how good it is doing it isn’t meeting up to expectations or, rather, it is only meeting expectations which is just as bad. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit; and international finance and trade services and products, such as letters of credit, and import and export financing. In addition, it offers small business administration loans for business purposes, which comprise owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing, as well as equipment lease financing. The company was founded in 1982 and is headquartered in Los Angeles, California. | | View Today's Stock Pick |
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