Good MorningThe equities markets extended the rebound for another day on Tuesday but the action was mixed. The S&P 500 opened with a gain, moved higher intraday but closed below the open to form a dark spinning top candle. This candle is a sign of resistance and indecision within the market and could lead to more sideways action in the days to come. While the reports from Walmart and Home Depot were good news for the retail sector in Q3 the outlook for Q4 and next year remains questionable.
The economic data was also mixed on Tuesday. While the Producer Price Index came in cooler than expected surprisingly strong manufacturing data suggest inflation may not be gone long. The worst of the news was a large 7% surge in household debt during Q3 that has it at the highest levels in over a decade. While consumers are spending, they are also racking up new debt at higher interest rates and that will put a ceiling on spending sooner rather than later. Featured: The DOJ Just Paved the Way for Account Seizures (Ad) 
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Stocks | | | Penny stocks may seem like a good place to start if you are new to investing. As their name implies, a penny stock is one whose share price is under $1, though the term often includes stocks that are valued under $5.
But a low price does not mean low risk. Sure, they can gain traction quickly, but ... Read the Full Story |
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Stocks | | |
Shares of mega-cap pharmaceutical AbbVie (NYSE: ABBV) added to their recent uptrend Tuesday, closing at $153.04, up $1.30, or 0.86%. Shares have been in rally mode since the company reported its third quarter in late October.
The company specializes in medications for virology, immunology, ... Read the Full Story |
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Markets | | | S&P 500 component Agilent Technologies (NYSE: A) reversed lower with the broader market on Monday. The stock may form a high handle to a cup pattern that began in late August, or it may find short-term moving average support as it remains in buy range.
The company makes bio-analytical and... Read the Full Story |
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Politics | | | Futures on Wall Street edged higher Tuesday and bond yields slipped following new government data showing that the hottest inflation in decades continues to ease.
Prices at the wholesale level rose 8% in October from 12 months earlier, the fourth straight decline, the U.S. reported. T... Read the Full Story |
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Markets | | | Power Integrations (NASDAQ: POWI) is a supplier of analog and mixed-signal integrated circuits (IC) and high-performance electronic components for the power supply market. It allows for efficient and compact AC-DC power conversion products for power supply ranging from under one watt up to 500 watts... Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Markets | | |
Walmart’s (NYSE: WMT) Q3 results are good but they are no reason to start chasing the stock higher. The market is moving up on relief as much as anything else and the risks for the company remain. As with Home Depot (NYSE: HD), the Q3 period is strong but inflation remains an overshadowing i... Read the Full Story |
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Politics | | | Stocks rose broadly on Wall Street after the government reported another decline in the pace of wholesale price inflation last month, the latest glimpse of hope that inflationary pressures in the U.S. might be easing Read the Full Story |
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Markets | | | Amazon is stepping back into virtual care with a new service that uses secure messaging to connect patients with doctors for help with nearly two dozen conditions.
The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states to provide medication refills and care for cond... Read the Full Story |
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Markets | | | The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion, marking the beauty firm’s biggest acquisition yet.
As part of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom Ford f... Read the Full Story |
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Politics | | | Russian airstrikes targeting energy and other facilities rocked Ukraine from east to west Tuesday, causing broad power blackouts. A senior official warned that the situation was “critical” and urged Ukrainians to “hang in there” as neighborhoods went dark.
The aerial assault, which re... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Blue Owl Capital Inc. operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. Blue Owl Capital Inc. is headquartered in New York, New York. | | View Today's Stock Pick |
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