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: Elon’s big $266,000 per second purchase (Ad) 
|
Retail/Wholesale | |
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 |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Retail/Wholesale | |
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 |
|
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 |
|
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 |
|
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 |
|
Finance | |
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 |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Medical | |
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 |
|
Finance | |
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 |
|
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 |
|
Consumer Discretionary | |
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 |
|
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 |
|
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 |
|
