Good MorningEquity markets tread water on Tuesday ahead of remarks expected from Fed Chief Jerome Powell. Mr. Powell is expected to comment on inflation and could give insight into when and how high inflation will peak. There is a growing expectation on Wall Street the Fed Chief will both raise the target for peak inflation and extend the duration that it lasts. If this is the case the S&P 500 will most likely begin correction once again.
Also on tap this week, the PCE price index. The PCE price index is expected to cool on a month-to-month basis but should remain high and in-line with current FOMC expectations. The risk is the PCE will affirm the expectation for higher inflation that lasts longer, an event that will seal the deal on the S&P 500's next move. Featured: See the Daily 10AM setup for 4PM payouts (Ad) 
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Despite worries that higher inflation and lower consumer sentiment would slow Black Friday sales, companies such as Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and Sony Group (NYSE: SONY) notched strong sales.
Although consumers are tightening their belts as prices for food, fuel, and ot... Read the Full Story |
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Politics | | | Asian shares were mostly higher on Wednesday, ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes.
Investors were also eyeing developments in China, where protests have erupted over the “zero-COVID” strategy that has con... Read the Full Story |
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Politics | | | Asian shares were mostly lower Wednesday ahead of a closely watched speech by the Federal Reserve chief that may give clues about future interest rate hikes.
Investors were also eyeing developments in China, where protests have erupted over the “zero-COVID” strategy that has confined... Read the Full Story |
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Zoom Video (NASDAQ: ZM) has gone from an obscure but easy-to-use video communications platform to becoming a verb synonymous with video conferencing and remote engagement driven by the COVID-19 pandemic. Zoom Video was one of the major benefactors of the pandemic that helped usher in the “ne... Read the Full Story |
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Markets | | | The family of a man who was badly hurt when an SUV crashed into an Apple store in Massachusetts, killing one person and injuring 20, sued the company, the driver and the property owners Tuesday in one of the first lawsuits filed over the crash.
Matthew Timberger, of Falmouth, suffered... Read the Full Story |
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Politics | | | Pennsylvania’s most active gas driller pleaded no contest Tuesday to criminal charges, capping a landmark environmental case against a company that prosecutors say polluted a rural community's drinking water 14 years ago and then tried to evade responsibility.
Residents of the tiny cr... Read the Full Story |
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Politics | | | Railroad unions on Tuesday decried President Joe Biden's call for Congress to intervene in their contract dispute, saying it undercuts their efforts to address workers' quality of life concerns, but businesses stressed that it is crucial to avoid a strike next week that would devastate the economy.
... Read the Full Story |
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Hibbett Sports (NASDAQ: HIBB) reported a strong Q3 but strength is in the eye of the beholder. The company’s robust growth and outlook for the year is strong for investors but not so much for the analysts who had been expecting so much more. The takeaway is that strength in the market is ebb... Read the Full Story |
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Investing in pot stock has been one wild ride for Organigram (NASDAQ: OGI). The industry got off to a rip-roaring start, saw its value increase meteorically, and then slowly faded away as the hopes and dreams of cannabis profits slipped away. Now, roughly 4 years since the legalization of adult-us... Read the Full Story |
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This summer, few investors were ordering shares of fast food chain operator Restaurant Brands International Inc. (NYSE: QSR). With gasoline prices soaring, fewer road trips meant fewer stops at Burger King, Tim Hortons, Popeyes, and Firehouse Subs.
Toss in a side of increased food and labor... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety. This segment provides its insurance products to businesses, state and local government, and other institutions in transportation, commercial construction, healthcare, education, retail and wholesale trade, forest products, energy, general manufacturing, and financial services industries. The Title Insurance segment offers lenders' and owners' policies to real estate purchasers and investors based upon searches of the public records. This segment also provides escrow closing and construction disbursement services; and real estate information products, national default management services, and various other services pertaining to real estate transfers and loan transactions. The Republic Financial Indemnity Group Run-off Business segment offers private mortgage insurance coverage that protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers. Old Republic International Corporation was founded in 1923 and is based in Chicago, Illinois. | | View Today's Stock Pick |
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