Good MorningEquity markets rebounded strongly last week after a better-than-expected CPI report. The report shows inflation slowed more than expected but it is still high and in line with an outlook for continued FOMC interest rate hikes. The news sent the S&P 500 up more than 6.5% in two days and has it on track to retest the 4,100 level but the market is not out of the woods. The weak CPI data lead to a weaker dollar and that has oil prices moving higher which is a spur for inflation.
This week, the market will be focused on a full slate of economic data that includes several key reads on the housing market, manufacturing data, and the index of leading indicators. The index of leading indicators has been negative for the last 5 months and is expected to contract again. The takeaway is that, even with light CPI data, the damage to the economy may have already been done. Featured: Why did Biden repeal Trump's Executive Order?! (Behind the Markets) 
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Markets | | | Media and entertainment giant The Walt Disney Company (NYSE: DIS) stock has seen better days as shares cratered under the $90.71 double bottom on its weak Q4 2022 earnings release. Since the pandemic, Disney has been identified as a video streaming company and judged by its subscription base for Dis... Read the Full Story |
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Markets | | | Social media technology provider Alphabet (NASDAQ: GOOG) stock is down (-33%) for the year after rallying 11% off its earnings lows. As complicated as Alphabet and its numerous side ventures can be, it is really just a massive advertising platform powered by the world’s most active search engi... Read the Full Story |
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Markets | | | Medical device maker DexCom (NASDAQ: DXCM) has been trading in a fairly tight range recently, holding gains from the company’s third-quarter report in late October.
The stock is up 16.33% in the past month. Even before the 19% gap-up following the earnings report, DexCom was already beg... Read the Full Story |
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Markets | | | Shares of solar battery system maker Enphase Energy (NASDAQ: ENPH) briefly cleared a buy point Friday, but reversed lower, even as the broader market advanced.
That type of price action happens fairly often, as investors who bought at certain levels nab profits as the stock overcomes price resistan... Read the Full Story |
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Politics | | | A showdown between Presidents Joe Biden and Vladimir Putin isn’t happening, but the fallout from Russia’s invasion of Ukraine and growing tensions between China and the West will be at the fore when leaders of the world’s biggest economies gather in tropical Bali this week Read the Full Story |
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Tech | | | Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorized access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday.
The embattled company’s new CEO John Ray III said Saturday that FTX is switching off the ability to trade or... Read the Full Story |
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Politics | | | Everyone in a district of 1.8 million people in China’s southern metropolis of Guangzhou has been ordered to undergo virus testing while a major city in the southwest closed schools as another rise in infections was reported Read the Full Story |
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Politics | | | Federal prosecutors have asked a judge to sentence disgraced Theranos CE0 Elizabeth Holmes to 15 years in prison, arguing she deserves a lengthy prison term because her massive scheme duped investors out of hundreds of millions of dollars by falsely convincing them her company had developed a revolu... Read the Full Story |
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Tech | | | Twitter has been a bit of a mess since billionaire Tesla CEO took helm, cutting the company’s workforce in half, overhauling the platform’s verification system, sparring with some users and acknowledging that “dumb things” might happen as he reshapes one of the world’s most high-profile information ecosystems Read the Full Story |
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Markets | | |
If you are wondering if this rebound in the S&P 500 (NYSEARCA: SPY) will hold, if the selloff and bear market is over, they’re not. The CPI for October was better than expected and the market cheered, delivering a solid 5%+ move, but there is a single reason to fear another surge in infl... Read the Full Story |
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Monday's Early Bird Stock Of The Day Fidelity National Information Services, Inc. engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions. It also offers trading and asset, lending, leveraged and syndicated loan markets, and treasury and risk solutions. The company was founded in 1968 and is headquartered in Jacksonville, Florida. | | View Today's Stock Pick |
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