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: The Calm Before the Rotation — What’s Quietly Building Now (Stock Wire News) (Ad) 
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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 |
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From Our Partners | | Tobacco, telecom, pipelines, and healthcare real estate trade at 10 to 15 times earnings while the index yields about 1 percent.
A free report highlights seven cash-generating stocks with a 5 percent forward yield floor and roughly 6.5 percent average cash yield, capped at two picks per sector.
Each pick includes coverage numbers and an honest bear case. Five of the seven have raised payouts for 17 to 56 straight years. | | Get the seven high-yield dividend stocks free now |
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Materials | |
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 |
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Healthcare | |
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 diabetes. Fu... Read the Full Story |
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From Our Partners | | More than 25 candidates were screened for share price between $1 and $5, market cap above $100 million, daily volume over 500,000 shares, and over $10 million in trailing revenue.
Only five stocks cleared every filter, spanning five different sectors. Two are profitable today, and one pays a substantial dividend.
The report also flags what could go wrong with each pick, including dilution and convertible debt. | | See the five stocks that survived this strict revenue screen |
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Consumer Discretionary | |
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 |
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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, downward and... Read the Full Story |
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From Our Partners | | One fund holds Nvidia, CrowdStrike, Palantir and other major AI names, and pays a 34% annualized distribution rate.
Instead of guessing which AI stock wins, this fund delivers income every single Thursday, up to $1,051 a month.
Chief Income Strategist Tim Plaehn breaks down what's inside the fund and how the weekly payouts work. | | Watch the free video to see how the weekly payouts work |
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Consumer Discretionary | |
The institutions have been selling shares of Nike (NYSE: NKE) and weighing on the price action but the winged goddess of victory is ready to soar once more. While the institutions have been shedding shares, netting a decline for 3 of the 4 quarters of 2022, the analysts are buying. As it is, the i... Read the Full Story |
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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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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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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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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 |
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