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: Trump goes "all-in" on Grand Canyon energy breakthrough (Ad) 
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Consumer Discretionary | |
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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From Our Partners | | Palantir, Micron and SanDisk show how fast a stock can become the trade everyone suddenly wants. That's often when investors make their costliest mistake: arriving after the easy part of the move is gone.
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Consumer Discretionary | |
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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Finance | |
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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From Our Partners | | Rumors are circulating that Elon Musk is preparing to acquire three publicly traded companies.
Dr. Mark Skousen, who met Musk in person and called the SpaceX listing months early, says he has identified all three targets in what he calls Elon's $2.1 Trillion Hit List.
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Markets | |
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 therapeutics... 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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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
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Healthcare | |
If you are looking for a healthy dividend in the healthcare sector, look no further than Abbott Laboratories (NYSE: ABT). These companies are among the highest-quality Dividend Kings not just in their industry; they both have the power to continue raising their dividends long into the future. Add ... Read the Full Story |
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Markets | |
The S&P 500 (NYSEARCA: SPY) is down (-17.67%) for 2022 as we head into the year-end rebalancing. Technically, the SPY is back in correction territory while the NASDAQ (NASDAQ: QQQ) which is down (-29%) is still in a bear market. The Dow Jones (NYSEARCA: DIA) has been the best-performing index ... Read the Full Story |
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Markets | |
Closing out the first full week of December, shares at Cano Health (NYSE: CANO) sank—as much as 35.6% during the week—to close below $1.50. That is very near the stock's 52-week low of $1.30, and it brings the stock down by more than 84% this year. The stock opened the week at $2.01.
... Read the Full Story |
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Communication Services | |
Bilibili Inc. (NASDAQ: BILI) is one of China’s largest video content platforms. It’s often referred to as the YouTube (NASDAQ: GOOGL) of China. They have similarities and differences with their operating models. Chinese stocks are back in fashion as the government eases restrictions of... Read the Full Story |
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Communication Services | |
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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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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