Good MorningEquities pulled back from the recent high on Thursday as the market braces for another hot PCE price index reading. The move confirms resistance below the 3,900 level and sets the S&P 500 up for another test of the recent lows should the market not like the PCE data. As it is, the market is expecting the index to accelerate on a YOY basis from the previous month and to come in just shy of a recent record. At these levels, the index will be at the highest reading in several decades and pointing to another aggressive FOMC interest rate hike.
The next FOMC meeting is less than a week away. The November Fed meeting begins on Tuesday and will culminate with a policy statement and press conference on Wednesday afternoon. The market is pricing in a near 100% chance for a 75 basis point hike and it could come with hawkish commentary, too, if the PCE index is hotter than expected. The takeaway is that inflation is still the driving force of the market and it is still a growing problem. Featured: Elon Musk's Next AI Partnership Could Shake Up This Stock (Ad) 
|
Healthcare | | Mid-cap Lantheus Holdings (NASDAQ: LNTH) has been on a revenue growth spurt in recent quarters, boosted by a new product called Pylarify, which helps medical professionals detect prostate cancer through imaging tests.
Lantheus went public in June 2015, which means that it's new enough to be in tha... Read the Full Story |
|
From Our Partners | | In 1974, a quiet deal between Henry Kissinger and the Saudis reshaped America's monetary order overnight, with no announcement and no vote in Congress.
Decades later, the dollar had lost more than 84% of its purchasing power even as millionaire ranks surged into the millions.
Financial reporter Kimi Weintraub sits down to explore a new, largely unnoticed shift in America's monetary system, one tied to executive orders and a reported 13-nation agreement. | | Watch the full interview before the December 14 Miami summit |
|
Industrials | |
If you are looking at the ultra-high 111% dividend payout for Zim Integrated Shipping (NYSE: ZIM) and thinking, “This is too good to be true,” you're right. There are factors at play in this yield within Zim Integrated Shipping Services stock that makes it meaningless to investors but ... Read the Full Story |
|
Consumer Staples | | Altria (NYSE:MO) stock is essentially flat after the company reported a miss in both revenue and earnings in its quarterly earnings report. The company delivered revenue of $5.41 billion which was shy of analysts’ estimates for $5.59 billion. Earnings were a narrower miss, with Altria posting ... Read the Full Story |
|
|
Materials | |
Graphic Packaging Holding Company (NYSE: GPK) and Packaging Corporation of America (NYSE: PKG) are two great dividend stocks with high institutional support. Both companies carry a rough 90% institutional interest with GPK edging out PKG by less than 100 bps. The real takeaway from the institution... Read the Full Story |
|
Industrials | |
Some earnings reports are more significant than others. And that’s the sense that you got when United Parcel Service (NYSE: UPS) reported earnings on October 25, 2022. UPS stock dropped sharply after Federal Express (NYSE: FDX) delivered a warning of sharply lower shipping volumes based on t... Read the Full Story |
|
From Our Partners | | Every afternoon at 2:00 PM Eastern, roughly $3.5 billion in institutional money flows into the market as pension funds and 401(k) contributions get deployed before the close.
Researchers at Duke, Stanford, Notre Dame, and the Nasdaq Economic Advisory Board have studied this pattern. During one volatile week in June, a $1,000 trade set at 2:00 PM settled by 4:00 PM five days in a row, and the full month produced $2,016 in net income on a single contract. | | Watch the full 2 PM income breakdown before access closes |
|
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 |
|
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 |
|
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 |
|
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 |
|
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 |
|
Friday's Early Bird Stock Of The Day Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. It is also involved in the sale of apps and in-app purchases and digital content in the Google Play and YouTube; and devices, as well as in the provision of YouTube consumer subscription services. The Google Cloud segment offers infrastructure, cybersecurity, databases, analytics, AI, and other services; Google Workspace that include cloud-based communication and collaboration tools for enterprises, such as Gmail, Docs, Drive, Calendar, and Meet; and other services for enterprise customers. The Other Bets segment sells healthcare-related and internet services. The company was incorporated in 1998 and is headquartered in Mountain View, California. | | View Today's Stock Pick |
|
