Good MorningEquities steadied on Thursday following Wednesday’s FOMC-induced plunge. The action was bolstered by better than expected ISM data but may not be an end to the selling. The Fed’s new stance on inflation is hawkish and points to an aggressive round of rate hikes that has the yield on the ten-year treasury spiking. The yield jumped again on Thursday and threatens to break the bond market out to a new high. If the TNX moves up to set a new high above 1.750% it will open the door to a move up to 3.0% or higher.
Today’s action will be driven by the NFP however. The NFP is expected to be strong after the robust ADP report on Wednesday. A strong report coupled with lower unemployment and accelerating wage growth would seal the deal on interest rates and virtually guarantee a hike within the next 2 to 3 FOMC meetings.
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Markets | |
You already know that MarketBeat is a reputable source of financial information that can hold its own against any of its native digital competitors. But how does MarketBeat stand up against a financial news network? That’s the purpose of this article.
In this case, we’ll be comparing ... Read the Full Story |
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From Our Partners | | Major banks have slashed their gold price targets - Morgan Stanley to $4450, JPMorgan to $4500 - after predicting $6000 gold earlier this year.
Ross Givens, a former Wall Street insider, says bank targets tend to follow price rather than lead it. He still expects gold to reach $10000 an ounce this cycle.
Givens points to a backdoor asset that gained 846%, 1668%, and 1915% in the last gold cycle. | | See the trade Ross Givens recommends for this gold cycle now |
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Consumer Discretionary | |
Helen Of Troy Reports Strong Momentum In Q3
Helen Of Troy (NASDAQ: HELE) reported a truly astonishing quarter relative to the analyst’s estimates and has proven one thing if nothing else; the company is navigating the supply chain and inflationary headwinds with grace and style. Not only i... Read the Full Story |
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Markets | |
Walgreens Boots Alliance Invests In Labor, Sales Rise
Walgreen’s (NASDAQ: WBA) reported a great quarter in which it beat on the top and bottom lines, and raised guidance, and yet shares are falling. The market appears to have latched onto the company’s increase in labor-related spend... Read the Full Story |
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From Our Partners | | MindWalk Holdings (NASDAQ: HYFT) is applying AI to drug discovery, and its customer base already includes 19 of the top 20 global pharmaceutical companies.
The company's HYFT technology maps roughly 660 million biological patterns and 25 billion relationships. Q1 fiscal 2027 revenue hit $3.8 million, with gross margin improving to 59 percent in its fifth consecutive quarter of year-over-year growth.
A new OpenFold3 deployment delivered about 5x faster antibody-antigen inference, and a $30 million revolving credit line, free of warrants or equity conversion, adds fuel for expansion. | | Take a closer look at HYFT before AI reshapes drug discovery. |
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Markets | |
Whether building a new investment portfolio from scratch or doing a portfolio renovation, exchange-traded funds (ETFs) are a great place to start.
ETFs provide broad exposure to a particular asset class and often at a fraction of the cost of comparable mutual funds. Most are passively managed mea... Read the Full Story |
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Consumer Staples | | Fitness beverage maker Celsius Holdings, Inc. (NASDAQ: CELH) stock had an explosive rise followed by a death defying drop into the end of 2021. Shares skyrocketed as a direct result of the reopening trend as fitness clubs and gyms reopened as well as commuters hitting the roads again. While gross sa... Read the Full Story |
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From Our Partners | | When Moonshot AI's new model rattled overnight markets, stocks gapped down 1 percent before the open, and history shows the story doesn't end there.
Between 9 30 and 9 50 AM, Wall Street settles nearly 25 percent of the day's total volume in a single 20 minute window, often revealing market direction for the rest of the morning.
A former money manager breaks down the floor data behind this pattern, including a June 25th session where inflation surged past 4 percent and the market moved just 0.3 percent afterward. | | Watch the full video breakdown before access is taken down |
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Communication Services | | Just when Wall Street thought it was after getting through all the uncertainty around future steps from the Fed regarding monetary policy, yesterday was a stark reminder that when it comes to the stock market, nothing is certain. After giving investors a couple of record highs to start the year with... Read the Full Story |
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Consumer Staples | |
Conagra Insiders Selling Abruptly Halts In Q3 2021
The insider and institutional activity in Conagra Brands (NYSE: CAG) have been mixed to be sure but the balance of activity is bullish. In regards to insiders, insiders were selling earlier in the year when shares prices were nearing long-term an... Read the Full Story |
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Markets | |
We can trace the history of stock market trading back centuries, from the first stocks to be sold to the public by the Dutch East India Company in 1602 to the development of electronic stock exchanges and now through to mobile trading. Stock markets have evolved greatly over time and continue to ... Read the Full Story |
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Utilities | |
When you consider all your options, you may wonder what stock sectors you should jump on in this "new day and age." After all, with elevated inflation, turtlelike economic growth, and interest rate hikes, what should we look forward to?
In November, the unemployment rate fell to 4.2%, and experts... Read the Full Story |
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Markets | |
After a strong 2020, China’s stock market had a rough go of it last year. Beijing’s regulatory action and tight monetary policy led to a 29% decline in the MSCI China index. Most U.S. listed Chinese companies didn’t fare well either.
Looking ahead to 2022, the good news is that ... Read the Full Story |
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The Early Bird Stock Of The Day New Oriental Education & Technology Group, Inc. is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution. The company was founded by Min Hong Yu and Yong Qiang Qian on November 16, 1993, and is headquartered in Beijing, China. | | View Today's Stock Pick |
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