Good MorningEquities experienced some volatility in the prior week as hopeful traders and investors cling to the good news while the pessimistic ones cling to the bad. The good news is that Q3 earnings season is a little bit better than expected, the bad news is the outlook for the future continues to deteriorate and that is weighing on the market.
This week, the market faces an onslaught of earnings reports as well as economic data. Among the earnings reports are several FAANG names which are foundational to the market. Better-than-expected reports from them could provide some relief for investors but the outlook remains dim. On the economic front, the PCE price index tops the list and is expected to come in hot once again. The takeaway will be that the FOMC is on track to continue hiking rates to the 5.0% level regardless of the pace, which is bad news for consumers and businesses alike. Featured: Trump’s treachery (Ad) 
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Markets | | | Entertainment products and media company Hasbro, Inc. (NASDAQ: HAS) stock recently hit 52-week lows of $63.44 down (-35%) on the year. The Company missed its Q3 2022 earnings estimates primarily due to overstocking its retailers in Q2 2022 to avoid potential post-pandemic supply chain problems. It&r... Read the Full Story |
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Markets | | | The world’s largest consumer goods maker Procter & Gamble (NYSE: PG) stock has fallen (-21%) for the year. Shares hit pandemic highs of $146.92 in November 2020 as consumers stockpiled its products before falling back down to $121.54 post-pandemic lows in March 2021. Ironically, post-pande... Read the Full Story |
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Stocks | | |
The U.S. mid-cap asset class is holding up relatively well this year. As measured by the S&P 400’s year-to-date return, the group has a 2.5% edge on its large-cap counterpart (the S&P 500) heading into the final months of the year.
With the economy likely to enter 2023 on shak... Read the Full Story |
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Stocks | | | Chinese electric vehicle (EV) maker Xpeng (NYSE: XPEV) stock has plunged more than (-83%) on the year as the sector sees mass valuation shrinkage. Its peers NIO (NYSE: NIO) and Li Auto (NYSE: LI) are also down big for the year at (-66%) and (-45%), respectively. EV sales momentum seems to have peake... Read the Full Story |
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Markets | | | In nearly every corner of the globe, people are spending more on food and fuel, rent and transportation.
But inflation isn't affecting people equally. For migrants with relatives relying on money they send back, higher prices are pinching families twice: at home and abroad.
... Read the Full Story |
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Politics | | | In Romania, protesters blew horns and banged drums to voice their dismay over the rising cost of living. People across France took to the streets to demand pay increases that keep pace with inflation. Czech demonstrators rallied against government handling of the energy crisis. British railway staff... Read the Full Story |
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Politics | | | Norwegian oil and gas workers normally don’t see anything more threatening than North Sea waves crashing against the steel legs of their offshore platforms. But lately they have noticed a more troubling sight: unidentified drones buzzing in the skies overhead.
With Norway replacing Ru... Read the Full Story |
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Politics | | | More than three years after Manhattan prosecutors started investigating Donald Trump — after going to the Supreme Court twice to gain access to his tax records — the only criminal trial to arise from their efforts is about to begin.
No, the former president isn’t going on trial. His c... Read the Full Story |
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Politics | | | A federal judge ruled Friday that relatives of people killed in the crashes of two Boeing 737 Max planes are crime victims under federal law and should have been told about private negotiations over a settlement that spared Boeing from criminal prosecution.
The full impact of the ruli... Read the Full Story |
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Markets | | | Most investors are familiar with the popular exchange-traded-funds (ETFs) of the major benchmark indexes like the S&P 500 index (NYSEARCA: SPY), Dow Jones (NYSEARCA: DIA), and the Nasdaq (NYSEARCA: QQQ). The advent of ETFs has enabled investors to trade equity indexes, multiple asset classes, wh... Read the Full Story |
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Monday's Early Bird Stock Of The Day Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the nursing facilities, senior housing, and medical office buildings. It also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan. | | View Today's Stock Pick |
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