Good MorningEquities started the day off strongly following a cooler-than-expected CPI report. The CPI shows consumer level inflation cooled more than expected at the core and headline levels and on a YOY basis but remains hot nonetheless. The reality of the inflation situation and its impact on the FOMC and the S&P 500 earnings outlook capped gains and caused the market to move lower and close near the low of the day. The takeaway for investors is that resistance to higher prices is still strong and keep the index from breaking out of its current range.
Today is the next potential catalyst for the market. The FOMC is expected to hike interest rates but a slower pace than before and it may confirm the idea that inflation has peaked. In this scenario, the S&P 500 could surge again and this time break above the 4,100 level and extend the rebound to a multi-month high. Featured: $200 Oil Sooner Than You Think -- Buy This Now (IPM) 
|
Markets | | |
DexCom, Inc. (NASDAQ: DXCM) is a continuous glucose monitoring (CGM) company. In early December, they received approval from the United States Food and Drug Administration (FDA) for their new monitor, the G7. This device assists patients with Type 1 and Type 2 diabetes and gestational diabete... Read the Full Story |
|
From Our PartnersInvestors are preparing for historic gains as this tiny, undiscovered US$0.25 per share mining company readies the drills in what may soon prove to be one of the largest and richest copper-gold discoveries on record. Already, some of the world's biggest mining firms have staked a strategic position in this 25-cent miner. | | | | Once the drills start turning, the cheap shares will likely be gone forever. |
|
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 |
|
Stocks | | |
Premium retail department store chain Nordstrom, Inc. (NYSE: JWN) stock has fallen (-27%) in 2022. It’s recent earnings beat was overshadowed by falling YoY metrics. The sell-off was accelerated after bearish comments were made by CEO Erik Nordstrom at the Morgan Stanley Consumer & Retai... Read the Full Story |
|
From Our PartnersAre you ready for $200 oil? Analysts believe that we could see oil prices soar past $200 a barrel -- and investors need to get ready. To help people prep their portfolios, Louis Navellier just named his #1 oil stock for 2022. | | Get the full story HERE. |
|
Markets | | |
Biotech stocks are often among the market’s most volatile, and Harpoon Therapeutics Inc. (NASDAQ: HARP) offers a perfect example of that.
The stock rocketed to an eight-month high Monday, advancing as much as 191% intraday before settling down to a gain of 22.61%. Shares closed at $1.41 Mon... Read the Full Story |
|
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 |
|
From Our PartnersIn this video, Market Wizard Larry Benedict reveals how to make all the money you need... In any market... Using a single stock. And he’s giving you early, year-end access to the top strategy that could put 2023 on the right track. | | | | Click here to watch the video. |
|
Stocks | | |
Queen’s legendary 1977 rock anthem “We Are the Champions” was once deemed by scientists to be the catchiest song in popular music history. To this day, it is often heard in crowning moments at sports stadiums and in upbeat TV advertisements.
In the investment world, Freddy Mercu... Read the Full Story |
|
Markets | | | Stocks were mostly higher Wednesday in Asia after a rally on Wall Street spurred by news that inflation in the U.S. cooled more than expected last month.
The 7.1% consumer price index reading for November raised hopes Tuesday for easing pressure on the economy ahead of an interest ra... Read the Full Story |
|
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 |
|
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 |
|
Markets | | |
Market structure has been around for as long as financial markets themselves. However, the core principles are extremely important, especially when it comes to analyzing price movement and identifying trading opportunities.
Market structure acts as a guide for understanding upward, do... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients. It provides its services to private banks, independent financial advisers, institutional investors, investment managers, investment advisors, wealth management organizations, corporations, retirement scheme sponsors, not-for-profit organizations, hedge fund managers, registered investment advisers, independent broker-dealers, financial planners, life insurance agents, defined-benefit schemes, defined-contribution schemes, endowments, foundations, and board-designated fund, through its subsidiaries. Through its subsidiaries, the firm manages separate client-focused portfolios. It also launches and manages equity, fixed income, and balanced mutual funds, through its subsidiaries. Through its subsidiaries, the firm invests in public equity and fixed income markets. It employs fundamental and quantitative analysis with a focus on top-down and bottom-up analysis to make its investments, through its subsidiaries. SEI Investments Company was founded in 1968 and is based in Oaks, Pennsylvania. | | View Today's Stock Pick |
|
