Good MorningEquities retreat ahead of the December FOMC meeting because of a growing fear of inflation. The last few consumer inflation reports suggested inflation had peaked but that was belied by the PPI index on Friday. The PPI came in hot on all counts and points to ongoing systemic inflation that will lead to higher consumer prices down the road. The takeaway is that the Fed may slow the pace of interest rate hikes but the duration and peak rate will be more than the market is expecting.
Other than the FOMC meeting and PPI there is little for the market to pay attention to other than economic data and there is a lot of that on the Calendar. Reads on Empire Manufacturing, Philly Fed MBOS and Retail Sales top the list of reports and they are expected to show a mixed picture of the economy which will do little to cheer investors ahead of the holidays. A Santa Claus Rally may be coming but it's not here yet. Featured: Little-known Biotech Stock Announces Positive News (Actinium Pharmaceuticals) 
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Discount retail outlets are growing in popularity and that can make them smart options for stock investors. When it comes to discount chains, these companies not only offer the same retail products at bargain prices, but they could also be a bargain addition to any stock portfolio.
Big Lots Is a ... Read the Full Story |
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Costco Wholesale (NASDAQ: COST) and Amazon.com (NASDAQ: AMZN) are both giants in their respective industry sectors, but while they may approach their commercial businesses differently, they have a lot of similarities. And as the end of the year approaches, it appears their stocks may have ... Read the Full Story |
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Tech | | | Technology companies helped lift stocks Thursday, ending a five-day losing streak for the S&P 500, though the major indexes remain on pace for a weekly loss.
The S&P 500 rose 0.8%, while the tech-heavy Nasdaq composite closed 1.1% higher. The Dow Jones Industrial Average added... Read the Full Story |
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From Our PartnersThe Wall Street Journal reports that this medical breakthrough is "Transforming Medicine."
One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price. | | | | Get all the details here > > > |
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It is no surprise to hear that Broadcom Inc’s (NASDAQ: AVGO) business is getting boosted by a shift to next-gen technology. Not only are the company’s next-gen products worth using but the pandemic and stimulus and the ensuing spending and inventory-clearing the followed in their wake ... Read the Full Story |
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Luxury athletic clothing retailer Lululemon Athletica Inc. (NASDAQ: LULU) was trading 12% lower mid-session Friday, after gapping down at the open. The move followed the company’s warning of higher-than-anticipated inventory levels.
Is Lululemon a harbinger of problems ahead for clothing re... Read the Full Story |
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From Our PartnersA new innovation has exploded onto the scene. Not only could it be primed to upend the $5 trillion oil industry almost overnight … and potentially whittle gas prices back down to $2 a gallon … but come 2023, our research says it could make A LOT of people A LOT of money. This will be a story for the ages. And as always, the biggest gains will likely be reserved for those few able to move rapidly and get in on the ground floor. | | Click here to discover how you can get into position as soon as today. |
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Stocks | | | Shares rose in Asia on Friday after an advance on Wall Street led by the latest rally in technology companies.
Chinese benchmarks rose on reports the government is planning new measures to support the ailing property sector, which has dragged on growth over the past several years.
... Read the Full Story |
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Stocks | | | Shares rose in Asia on Friday after an advance on Wall Street led by the latest rally in technology companies.
Chinese benchmarks rose on reports the government is planning new measures to support the ailing property sector, which has dragged on growth over the past several years.
... Read the Full Story |
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Interactive entertainment restaurant operator Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) is proving that its possible to mitigate both inflationary pressures and falling consumer discretionary spending. They are in a sense the last man standing when it comes to stand-alone video game a... Read the Full Story |
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Markets | | | Shares were higher in Europe and Asia ahead of an update Friday on U.S. wholesale prices that will provide insights into how businesses are coping with inflation.
Germany's DAX added 0.2% to 14,295.30 while the CAC 40 in Paris was nearly unchanged at 6,649.30. Britain's FTSE 100 also ... Read the Full Story |
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Markets | | | Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.
The latest year-over-year figure was down from 8% in October and from a recent peak of 11.... Read the Full Story |
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Monday's Early Bird Stock Of The Day Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada. | | View Today's Stock Pick |
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