Good MorningEquities rallied again on Tuesday and broke some key technical levels but the breakout may already be over. Reports from key names in tech like Google parent Alphabet and Microsoft may cap gains in Wednesday's session. Both companies showed some weaknesses that could easily carry into the rest of the sector and the economy at large. If this trend continues the S&P 500 will most likely reverse course over the next few days.
The next big test for the market will be on Friday with the release of the PCE price index. The index is expected to moderate on a month-to-month basis but could easily come in hot. Word from companies like Kraft Heinz and General Mills suggests consumer-level inflation is still on the rise and could remain hot well into 2023. If the PCE spooks the market it could add downward pressure to stocks and the next FOMC meeting is just one week away. Featured: Biden Makes DISTURBING US Dollar Move (Agora) 
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Markets | | | Video game engine creator Unity Software (NYSE: U) stock has joined Chinese electric vehicle (EV) maker XPeng (NASDAQ: XPENG) and artificial intelligence (AI) powered lending platform Upstart Holdings (NASDAQ: UPST) in the 80% club. These are stocks that have fallen -80% or more from their highs. Th... Read the Full Story |
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From Our PartnersExec. Order 14067 could be Biden's disturbing plan to "retire" the US dollar. Read more.
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Politics | | | Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis.
Other European markets gained. Shanghai, Tokyo and Sydn... Read the Full Story |
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Tech | | | Enterprise software specialist Aspen Technology (NASDAQ: AZPN) has formed a potentially bullish pennant pattern as it pulls back slightly from its October 6 high of $263.59.
Its weekly chart shows a trend of higher lows and lower highs over the past few weeks, ahead of the company’... Read the Full Story |
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From Our PartnersExec. Order 14067 could be Biden's disturbing plan to "retire" the US dollar. Read more.
| | | | Continue Reading |
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Markets | | | Wall Street notched more gains Tuesday, as major stock indexes rallied for the third day and Treasury yields fell again.
The S&P 500 rose 1.6%, with roughly 90% of stocks in the index notching gains. The benchmark index hadn’t been able to string together more than two gains in a... Read the Full Story |
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Markets | | | Wall Street notched more gains Tuesday, as major stock indexes rallied for the third day and Treasury yields fell again.
The S&P 500 rose 1.6%, with roughly 90% of stocks in the index notching gains. The benchmark index hadn’t been able to string together more than two gains in a... Read the Full Story |
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From Our PartnersThis is your last chance to invest in Rentberry - an innovative all-in-one platform | | | | Continue Reading |
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Stocks | | | Any time an industry is home to top-performing stocks, there’s always opportunity among companies that operate in industries related to the industry’s big names. Array Technologies (NASDAQ: ARRY) makes the ground-mounting systems used in solar energy installations.
Sure, solar com... Read the Full Story |
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Markets | | | Visa Inc. said its fiscal fourth quarter profits rose by an adjusted 16% from a year earlier, helped once again by higher usage of its global namesake payment network.
The San Francisco-based company said it earned a profit of $3.94 billion, or $1.86 a share. Excluding one-time charg... Read the Full Story |
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Tech | | | Summertime revenue growth at Google’s corporate parent slipped to its slowest pace since the pandemic jarred the economy more than two years ago, with advertisers clamping down on spending and bracing for a potential recession.
Alphabet Inc., which owns an array of smaller technology ... Read the Full Story |
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If you are wondering if this is the bottom for Canopy Growth Corporation (NASDAQ: CGC) join the club. Investors have been asking themselves that for the last three years and, to be honest, the market could fall further. If you are wondering why Canopy Growth Company shares shot up more than 26% an... Read the Full Story |
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If stocks were Olympic athletes, Comerica Incorporated (NYSE: CMA) would represent Team USA in the sport of banking. Approximately every four years, the Dallas-based regional bank seems to make a nice run and then regroups for the next heat.
Its arch nemesis isn’t J.P. Morgan or Charl... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Kinder Morgan, Inc. operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Terminals segment owns and/or operates liquids and bulk terminals that stores and handles various commodities, including gasoline, diesel fuel, renewable fuel and feedstocks, chemicals, ethanol, metals, and petroleum coke; and owns tankers. The CO2 segment produces, transports, and markets CO2 to recovery and production crude oil from mature oil fields; owns interests in/or operates oil fields and gasoline processing plants; and operates a crude oil pipeline system in West Texas, as well as owns and operates RNG and LNG facilities. It owns and operates approximately 82,000 miles of pipelines and 139 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was incorporated in 2006 and is headquartered in Houston, Texas. | | View Today's Stock Pick |
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