Good MorningEquity markets started the week on solid footing and lifted the S&P 500 more than 1.3% at the high of the session. The move is driven by optimism the FOMC will slow the pace of interest rate hikes at the meeting on Wednesday but the hope may be misplaced. While the Fed may slow the pace of hikes at this meeting it is still on pace to hike rates above 5.0% by the middle of next year and there is risk in the outlook.
The biggest risk for the market this week other than the FOMC is the CPI index for November. The index is expected to show a slight moderation in headline inflation but the core is expected to hold steady at 0.3% month-to-month. At this pace, there is a chance the FOMC will not slow the pace of interest rate hikes because easing back on the pressure may allow the economy to accelerate. The labor market is also still strong so, assuming the CPI is strong as well, there is every reason to believe the Fed will keep the pressure on. Featured: AI Meltdown Imminent: Dump These Stocks Now! (Ad) 
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Stocks | | | Wall Street is ticking higher Monday to open a week where central banks are likely to unload the year’s final barrage of interest-rate hikes meant to drive down the world’s painfully high inflation.
The S&P 500 was 0.5% higher in midday trading, trimming its loss for the year so ... Read the Full Story |
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From Our PartnersWashington is running out of money…And guess where they'll look next?
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Stocks | | |
Small-cap biotech stocks are among the riskiest of stocks for investors to own. One reason is that many of these companies are not only unprofitable but are still in the pre-revenue stage of their business.
It all comes down to the pipeline. These companies are typically working on therape... Read the Full Story |
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Markets | | |
Cryptocurrency platform and exchange Coinbase Global Inc. (NASDAQ: COIN) stock has fallen alongside the crypto market and the price of bitcoin. However, things got worse after the FTX disaster as it hit new all-time lows of $40.15 on Dec. 9, 2022. The year-end tax loss selling is underway as inves... Read the Full Story |
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Markets | | | Wall Street futures pointed modestly higher Monday ahead of the Federal Reserve's last policy meeting of 2022, where it's expected the central bank will raise its main lending rate by another half-point.
Futures for the S&P 500 rose about 0.3% and the Dow Jones Industrial Average ... Read the Full Story |
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Tech | | | Microsoft is taking a roughly 4% stake in the operator of the London Stock Exchange, which has agreed to spend at least $2.8 billion in cloud-computing services from the technology giant.
That spending commitment will be spread out over 10 years, according to the terms of the deal ann... Read the Full Story |
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From Our PartnersWhat If Washington Declared That:
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Markets | | |
Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) dipped below $100 in a post-earnings selloff that amounts to a barrel of laughs. Last year’s restaurant reopening trade pushed the stock above $178 in April 2021.
All things considered, the home-cooking restaurant chain turned ... Read the Full Story |
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Markets | | | Grilling company Weber is being taken private in a deal valued at about $3.7 billion.
Investment funds managed by BDT Capital Partners LLC will buy all of the outstanding shares of Weber Inc. that they don't already own for $8.05 per share.
Weber's board has approved th... 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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Markets | | |
Like other department stores, Kohl’s Corporation (NYSE: KSS) is hoping consumer confidence improves during the holiday shopping season. The Fed, on the other hand, would rather not see Americans getting more positive about the economic environment. This runs the risk of inflation heating bac... Read the Full Story |
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Markets | | |
If the Q3 earnings reporting season can be used as a guide the Q4 season will the worst since the pandemic began. At face value, the S&P 500 (NYSEARCA: SPY) was able to post earnings growth in Q3 but the internals are tepid, very tepid. At only 2.5%, the pace of growth in Q3 was not only the l... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Burlington Stores, Inc. operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products. It operates stores under the Burlington Stores, and Cohoes Fashions brand names in Washington D.C. and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey. | | View Today's Stock Pick |
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