Good MorningEquity markets surged on Thursday following a better-than-expected CPI report. The CPI cooled versus the previous month with month-to-month and YOY gains weaker than expected. The S&P 500 gained about 5.5% on the news but the euphoria may be misplaced. While inflation has cooled it remains hot at 7.7% YOY and 6.3% YOY at the core level. At these paces, the market might expect the FOMC to slow the pace of interest rate hikes but not to stop the entirely. This means interest rates will continue to rise and put pressure on the economy which is already showing signs of strain.
Next week, eyes will be on the Producer Price Index, retail sales and the index of leading indicators. If producer prices continue to rise, retail sales show signs of flagging and the leading indicators are negative this week's rally is sure to fade. In that light, Thursday's surge in prices may be best used to position for the next downturn in prices than as a trigger for buying stocks. The outlook for earnings continues to deteriorate and that is what's driving the market. Featured: MindWalk Holdings Pushes AI Into Pharma Research (Ad) 
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Healthcare | | Mid-cap Neurocrine Biosciences (NASDAQ: NBIX) continued its uptrend Thursday, along with the market-wide broad rally.
The stock came within a penny of Tuesday’s all-time high of $125.99 before pulling back. Nonetheless, the San Diego-based biotech finished the session with a gain of $1.40, or... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
He's revealing the exact five-step scan and three trading lanes behind it in a free live training. | | Reserve your seat and claim The Income Blueprint free |
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Markets | |
Six Flags Entertainment (NYSE:SIX) is up over 13% on a day when the market is staging a relief rally of epic proportions. It shouldn’t be. The company posted earnings that confirmed a trend of two consecutive quarters where revenue and earnings are lower on a year-over-year basis.
Revenue... Read the Full Story |
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Utilities | |
Vision Hydrogen Corporation (OTCMKTS: VIHD) is a renewable energy company with a primary focus on developing clean hydrogen production facilities which supply clean hydrogen to manufacturers and gas and power traders. They also work with consumers in the industrial and heavy and marine transportat... Read the Full Story |
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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 |
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Consumer Discretionary | |
Hanesbrands (NYSE:HBI) is down just about 2% the day after reporting weak third quarter earnings and lowering its guidance for the coming quarter. But that drop of 2% is on the coattails of the broader market which is surging after the October Consumer Price Index (CPI) number came in lower than e... Read the Full Story |
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Consumer Discretionary | |
If you are wondering what Coupang (NYSE: CPNG) is and why it’s up 25% in a single day that’s easy. The company is an eCommerce company focused on South Korea and it just reported a profit. The news has the stock up more than 25% in intraday trading and it could go higher but don’... 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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Consumer Discretionary | | If you are wondering why shares of D.R. Horton (NYSE: DHI) stock shot up more than 10% in the wake of the Q4 results it wasn’t because of the results. The stock shot up more than 10% on a knee-jerk reaction to some news that is, ultimately, bad news for D.R. Horton. That news? The CPI for Octo... Read the Full Story |
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Consumer Discretionary | |
Wendy’s (NYSE: WEN) shares have been trapped in a range over the past two years for no other reason than fears its strategy will not work. While the analysts are still in doubt, the company continues to execute and grow the business which is more than 22% greater than it was going into the p... Read the Full Story |
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Finance | | Charles Schwab (NYSE: SCHW) has evolved beyond its humble beginnings as a discount broker. Even before the advent of the internet, Schwab’s niche was offering its discount brokerage services to retail investors at a cheap one-price commission garnering nearly a 51% market share of retail inves... Read the Full Story |
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Communication Services | | Ever wonder how those commercials on your streaming services, like Hulu, seem to know a lot about you? Companies like online ad platform The Trade Desk (NASDAQ: TTD) are one of the parties behind this narrow targeting.
The Ventura, California company has been profitable since going public in 2016.... Read the Full Story |
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Consumer Discretionary | | Revenue is growing and losses are narrowing, but that wasn’t enough to stop shares of luxury electric vehicle maker Lucid Group (NASDAQ: LCID) from gapping down Wednesday.
The company reported third-quarter results late Tuesday, with shares plummeting more than 18% on news of declining reserv... Read the Full Story |
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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 |
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