Good MorningMarket action was mixed on Wednesday and left the S&P 500 down almost a full percent at the end of the day. Reports from names like Kraft Heinz and Chipotle Mexican Grill beat their consensus estimates while those from big tech, Microsoft and Google among them, did not. The news has Wall Street on edge with not only the PCE pride index but the next FOMC decision only days away. The takeaway from the earnings reports is that economic conditions are having an impact on the consumer and businesses.
The analysts have been revising their expectations for inflation and are now expecting to see the PCE price index accelerate on a YOY basis. The new figure has core PCE rising to 5.2% YOY from the previous 4.9% and puts consumer-level inflation just shy of the hottest levels in decades. At this pace, the market should expect the FOMC to issue another 75 basis point interest rate hike and a hawkish statement, possibly more hawkish than what they've stated so far. Featured: 25 candidates screened. 5 made it. (Ad) 
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Healthcare | |
Bristol Myers Squibb Company (NYSE: BMY) posted a small gain after an earnings report; the company beat its top and bottom lines. The pharmaceutical company delivered earnings per share (EPS) of $1.99 on revenue of $11.22 billion. That was better than the analyst forecast for $1.83 EPS on revenue ... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Materials | |
Conventional wisdom says to dial back risk in a shaky stock market. Hunkering down with cash, shifting to defensive sectors, seeking inflation-proof companies and moving to dividend payers are all valid strategies. Cash dividends help buffer market downturns and provide income that can be reinvest... Read the Full Story |
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Consumer Discretionary | |
Chipotle Mexican Grill Inc. (NYSE: CMG) is a highly valued stock relative to the broad market but it hasn't grown at the same pace as the average S&P 500 company. Trading at over 40x its earnings, it is nearly triple the value of the average S&P 500 company and nearly double that of fast f... Read the Full Story |
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From Our Partners | | Barrick Mining has spent decades building one of the world's great gold districts in Nevada, anchored by Fourmile, Goldrush, and Cortez Hills, a region that could hold as much as 60 million ounces of gold.
Bordering Fourmile and less than a mile from Goldrush sits a little-known explorer now moving from historical data toward active exploration, setting targets and preparing for a maiden drilling program.
With gold trading near record highs, this could be a pivotal stage for an overlooked name in the district. | | See why this overlooked gold explorer could be entering its most important stage |
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Healthcare | | Yes, Eli Lilly and Company (NYSE: LLY) pays dividends but there is more to investing in this stock than a simple “yes” answer. The Eli Lilly dividend is safe enough but it may not be right for all investors. Dividend stocks come with different levels of risk and yield that may make t... Read the Full Story |
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Industrials | |
Writing about a stock on the day it posts earnings can sometimes cause you to walk some statements back. But that's not the case as I look at General Electric (NYSE:GE). If I had written about the company on October 25, the day it posted a solid, but not spectacular earnings report, my thought wou... Read the Full Story |
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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
See the three companies before the rumors become headlines. | | Get the details on all three companies now |
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Consumer Discretionary | | Global digital marketplace platform eBay (NASDAQ: EBAY) stock has fallen (-43.7%) for 2022. eBay is commonly known as the world’s largest auction marketplace for every sort of item you can imagine. However, it’s also the world’s largest marketplace for collectibles. Collectibles ra... Read the Full Story |
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Consumer Staples | |
Kimberly-Clark Corporation (NYSE: KMB) witnessed rising costs, slowing sales due to weakness in consumer demand in North America and dollar strength weighing on its global top line during the latest quarter. Increasing inflation and a decline in purchasing power clearly affects how consumers pick ... Read the Full Story |
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Consumer Staples | |
The Kraft Heinz Company (NASDAQ: KHC) is a great buy, but just like with all stocks, it's relative to each investor. Investors looking for value, yield and growth may find safety in consumer staples (NYSEARCA: XLP). The reason why Kraft Heinz shares are moving higher is that the turnaround story i... Read the Full Story |
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Materials | | Looking for information on PPG Industries Inc. and its dividend payment, including the answers to "What is PPG?" and "What is PPG paint?" You’ve come to the right place. By the time you reach the end of this article, you will have a deep understanding of PPG stock. PPG Industries Inc. is a D... Read the Full Story |
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Healthcare | |
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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Thursday's Early Bird Stock Of The Day Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry. The Packaging & Automotive Rolled Products segment produces rolled aluminum products, including can stock and closure stock for the beverage and food industry, as well as foil stock for the flexible packaging market. This segment also supplies automotive body sheets and heat exchangers for the automotive market; and specialty reflective sheets. The Aerospace & Transportation segment provides rolled aluminum products, including aerospace plates, sheets, and extrusions; and aerospace wing skins, as well as plates and sheets for use in transportation, industry, and defense applications. The Automotive Structures & Industry segment offers extruded aluminium products and aluminium structural components for the automotive industry, including crash-management systems, body structures, side impact beams, and battery enclosures; and fabricates hard and soft alloy extruded profiles for various industry applications in the automotive, engineering, rail, and other transportation end markets. This segment also provides downstream technology and services, which include pre-machining, surface treatment, research and development, and technical support services. It sells its products directly or through distributors in France, Germany, the Czech Republic, the United Kingdom, Switzerland, and the United States, as well as Shanghai, and Seoul. The company was incorporated in 2010 and is headquartered in Paris, France. | | View Today's Stock Pick |
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