Good MorningThe equity market started the week on a cautious footing with the S&P 500 falling about 0.4% at the end of the day. There is a renewed fear of inflation and the FOMC following last week's commentary and economic data and, more importantly, the outlook for earnings continues to decline. The consensus for the Q4 period is now firmly in negative territory and the outlook for the 1st half of 2023 is not far behind.
The biggest risks for the market this week are the FOMC minutes on Wednesday afternoon and whatever news may come out. The FOMC minutes, at least, should reinforce the idea that the Fed is not yet done hiking interest rates. The takeaway here is that mortgage rates are going to be pushing 10% in 2023 and will have a deep and resounding impact on the broader economy. Featured: Why did Biden repeal Trump's Executive Order?! (Behind the Markets) 
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Ardelyx, Inc. (NASDAQ: ARDX) is a clinical-stage biopharmaceutical company whose primary focus is the discovery, development, and commercialization of new, innovative, and non-systemic, small-molecule therapeutics specifically targeting gastrointestinal, metabolic, and cardio-renal diseases.
Sinc... Read the Full Story >> |
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From Our PartnersLegendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin.
Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. | | | | A market expert breaks down the opportunity here. |
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Politics | | | Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown.
Shanghai and Tokyo advanced while Hong Kong declined. Oil prices gained.
Wall Street's benchmark S&P 500 index declined for anoth... Read the Full Story >> |
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Global online marketplace Alibaba (NYSE: BABA) posted its most recent quarter on November 17, 2022, and the results were mixed. While some investors may have been okay with the lukewarm report, the stock took a tumble and is now 75% lower than its all-time high ($317.14, in October 2020). This has... Read the Full Story >> |
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From Our PartnersClick Here to Get Marc Lichtenfeld's Ultimate Dividend Package, Including Details on His #1 Dividend Stock... the Safest 9% Dividend in the World... the Top Three "Extreme Dividend" Stocks... and Much, Much More. | | | | For Free. |
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Politics | | | Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
That was the sobering forecast issued Tuesday by the Paris-based Organization for Econom... Read the Full Story >> |
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The online gambling industry is the 10th hottest industry in the US in 2022 and that is saying something. This industry is small at roughly $11 billion in value but growing rapidly and up 45% on a YOY basis as of late November. The industry is expected to continue to grow at a high-double-digit CA... Read the Full Story >> |
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Politics | | | Consumers and businesses in Germany will receive subsidies to soften the blow of higher natural gas and electricity prices starting in January, two months earlier than originally planned, officials said Tuesday.
The move is part of a larger pot of almost 300 billion euros (dollars) in... Read the Full Story >> |
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Markets | | | Investigators said that sparks from welding work appears to have been the cause of a fire that killed 38 people at a company dealing in chemicals and other industrial goods in central China’s Henan province.
Two other people were injured in the blaze that tore through the building in... Read the Full Story >> |
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Politics | | | Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards.
The scandal poses an early test for Iraq’s new government, which was formed late last month after... Read the Full Story >> |
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The Walt Disney Company (NYSE:DIS) energized what is normally a quiet trading week by announcing the ousting of CEO Bob Chapek and the return of former CEO Bob Iger. The stock is up over 6% in midday trading. However, it was up over 9% in pre-market trading.
The news comes less than a year... Read the Full Story >> |
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NVIDIA Corporation (NASDAQ: NVDA) is no stranger to comebacks. In the fourth quarter of 2018, the artificial intelligence (AI) chipmaker’s shares were slashed by 52% amid fears of rising interest rates, a global economic slowdown and cryptocurrency issues.
Sound familiar?
In the... Read the Full Story >> |
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The Early Bird Stock Of The DayTuesday: Stock Being Upgraded The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; and other merchandise. As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores, as well as tkmaxx.com in Europe; and 68 T.K. Maxx stores in Australia. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts. | | View Today's Stock Pick |
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