Good MorningEquities started Wednesday on solid footing rising more than 1.0% ahead of the FOMC meeting. The weaker-than-expected CPI gave the market some hope the Fed would give some relief and those hopes were dashed. While the Fed hiked rates by only 50 basis points the new statement indicated the peak of interest rates will likely be over 5.0% and remain at that level into 2023. This news caused the market to reverse course and the S&P 500 shed 0.60% at the close of the session.
The next hurdle for the market is the PCE price index which comes out next Friday. If the index confirms a downtrend in the pace of inflation it could send the market soaring and usher in the Santa Claus Rally. If not, the market could be in for a rough holiday as traders and investors begin to position for what could be a very bad year for stocks. Featured: The single best 10% yield in the market? (The Oxford Club) 
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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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Enterprise Products Partners (NYSE: EPD) has recently been on a wild ride. It has gone thru some stunning peaks and troughs and ended up 7.82% year to date. As a result, investors might wonder if its current stock price represents a good entry for buying shares.
So let's examine the bull and... Read the Full Story |
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U.S. mid-cap stocks are on pace to outperform their large-cap peers for the second straight year. The S&P 400 is down 13% year-to-date, a roughly 400 basis points edge over the S&P 500.
Mid-cap land has long been regarded as the ‘sweet spot’ for equity investors. Companies are... Read the Full Story |
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From Our PartnersBecause of a rare situation unlike anything we've ever seen, Wall Street is now projecting a massive rise for this stock over the next 18 months. The consensus analyst price targets for the $30 stock are now up to $280. How is that possible? Well, when you see what this company actually does, you will understand. | | | | Watch this video for the full explanation of this business. |
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Latin American e-commerce specialist MercadoLibre Inc. (NASDAQ: MELI) has only trended lower in 2022, and a new partnership could boost the stock.
Earlier this month, the chief financial officer of the Argentina-based company told Reuters that MercadoLibre would begin processing busines... Read the Full Story |
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REV Group (NYSE: REVG) has been struggling with supply chain issues and economic woe just like everybody else but now the stock is ready to make a major reversal. The company’s Q4 results and guidance for the year were better than expected and supported by the company’s diverse operati... Read the Full Story |
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From Our PartnersImagine being able to outperform the market by 6X every single year.
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Yet hundreds of investors have been using a little-known strategy to collect annual stock market gains of 63% over the last 3 years – without doing any real work…
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Stocks | | | Stocks rose on Wall Street Wednesday ahead of the Federal Reserve's latest decision on interest rates.
The S&P 500 rose 0.7% as of 1:37 p.m. Eastern. The Dow Jones Industrial Average rose 231 points, or 0.7%, to 34,337 and the Nasdaq rose 0.6%.
Investors are hoping ... Read the Full Story |
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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 |
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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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Markets | | | HSBC, Europe’s biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.
Climate campaigners welcomed the moved saying HSBC provided a new baseline for other major banks but urged the bank to go further.
... Read the Full Story |
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Updated - December 14, 2022– via InvestorWire – Mullen Automotive, Inc., an emerging electric vehicle (“EV”) manufacturer, announces today that it has entered into a definitive agreement with Loop Global Inc. ("Loop"), a full-service EV charging solution provider, to build ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Freeline Therapeutics Holdings plc, a clinical-stage biotechnology company, develops transformative adeno-associated virus (AAV) vector-mediated gene therapies. It develops FLT180a for the treatment of hemophilia B.; FLT201 for the treatment of Type 1 Gaucher disease; and FLT190 for the treatment of Fabry disease. in addition, it has research programs for systemic gene therapy. The company was founded in 2015 and is headquartered in Stevenage, the United Kingdom. | | View Today's Stock Pick |
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