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: Elon’s big $266,000 per second purchase (Ad) 
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Consumer Discretionary | |
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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Consumer Discretionary | |
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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Technology | |
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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From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
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Retail/Wholesale | |
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 a few ... Read the Full Story |
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Markets | |
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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Medical | | Large-cap pharmaceuticals Pfizer Inc. (NYSE: PFE) and Johnson & Johnson (NYSE: JNJ) are among stocks outperforming the broader market in the past year, particularly in the past three months. Both stocks are S&P 500 components, so a comparison with that index offers an appropriate benchmark f... Read the Full Story |
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Consumer Staples | |
The dividend yield shows the percentage of share price a company pays out in dividends each year. The dividend yield formula is your ticket to better investment returns. If you’ve been gauging your dividends by the distribution amount or failing to take relative yield into account when buyin... Read the Full Story |
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Manufacturing | |
Shares of the scoreboard and LED display maker Daktronics (NASDAQ: DAKT) fell 40% in a single session and they may fall further. The reason is that the company filed a document with the SEC that raises serious questions about the business's status as a “going concern”. A going concern ... Read the Full Story |
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Consumer Discretionary | |
After two years of volatile meme-induced trading, it may finally be time to throw in the towel on Gamestop (NASDAQ: GME). At least if you’re a bull. The Q3 results and outlook for the next few quarters are not good and have the stock at risk of a major implosion. Another major implosion tha... Read the Full Story |
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Retail/Wholesale | |
Carvana Co. (NASDAQ: CVNA) shares are down nearly 66% since the beginning of the week on concerns that the company may be headed for bankruptcy. In fact, CVNA stock took a luld (limit up limit down) pause on the morning of December 7.
This came after Bloomberg reported that several of Carvana&r... 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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