Good MorningEquities extended the rally to new heights last week but beat a hasty retreat following the FOMC policy announcement. The policy change was as expected but came with a more hawkish-than-expected tone that could lead to core interest rates above 5.0% next year. At that level, mortgage rates will top 10% and have a resounding impact on housing and the economy.
The market will get no reprieve this week. There is a host of data due out to include housing data, the Index of Leading Indicators, and the PCE price index. The PCE price index may confirm cooling inflation, but the others will most likely point to economic contraction. The question is whether YOY inflation is falling or is still running hot. If PCE prices are still running hot in the YOY comparison, the market needs to brace for further tightening and the possibility of a significant recession in 2023. Featured: Are you signed up for this 4x text message? (Ad) 
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Technology | |
Gone are the days when large-cap semiconductor stocks like Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD) were riding high on pandemic-era demand for electronics gear, combined with chip shortages. Industry peer Intel Corporation (NASDAQ: INTC) didn't fare as well ... Read the Full Story |
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From Our Partners | | Elon Musk says AI could make money irrelevant by 2036. One income program already exists today, funded not by robots but by America's oil and gas infrastructure.
It's called the Patriot Income Plan, or P.I.P., and it pays 10% a year across 42 separate distribution dates. This year it's on track to pay out a record 53 billion dollars.
Think of it as a personal stake in the world's largest energy producer, structured to deliver income on a regular schedule. | | Enroll in the Patriot Income Plan before the next payout date |
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Communication Services | |
The world’s most prominent movie theater chain AMC Entertainment Holdings, Inc. (NYSE: AMC) stock has fallen (-67%) for the year, and its AMC Preferred Equity Units (NYSE: APE) shares have fallen over 90%. The meme stock craze of 2021, which includes the likes of GameStop Corp. (NYSE: GME) a... Read the Full Story |
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Consumer Discretionary | |
Domino’s Pizza, Inc. (NASDAQ: DPZ) has failed to deliver for investors in 2022. As a result, the stock is down more than 33%. That’s significantly higher than the S&P 500 index, which posts a 19% yearly loss.
The company has faced rising ingredient costs and difficulty finding d... Read the Full Story |
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From Our Partners | | The U.S. Treasury still values its gold reserves at 42.22 dollars an ounce, a price set in 1973. Gold trades near 4,500 dollars today, a 113-to-1 gap between book value and market reality.
Treasury Secretary Scott Bessent has said he wants to monetize the asset side of the balance sheet. A revaluation could add more than 1 trillion dollars to the government's books overnight.
Certain gold miners still trade as if gold were under 2,000 dollars, even as prices near record highs. | | See the four gold miners positioned ahead of a potential Treasury revaluation. |
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Technology | |
The outlook for next year is cloudy. Tech may be one of the more unlucky sectors but it depends on which tech you discuss. Startup quality early-phase growth tech and bluechip quality dividend-paying tech are not the same investment, regardless of the subindustry. Bluechip tech like Jabil Inc. (NA... Read the Full Story |
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Consumer Discretionary | |
Elon Musk and his company Tesla (NYSE: TSLA), have been in the spotlight in recent months, particularly since he made Twitter private through a $44 billion acquisition.
Since first announcing his acquisition of the platform, Musk has sold $22.9 billion worth of Tesla stock. A large amount ... Read the Full Story |
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From Our Partners | | For 50 years, Washington has held 8,133 tonnes of gold on its books at a fraction of today's market price. One executive order could change that — potentially triggering the largest wealth transfer into gold in modern American history.
The last time the U.S. faced this combination of inflation, debt, and monetary pressure, gold climbed 2,300% in the 1970s. Reagan Gold Group's free 2026 Gold Guide breaks down what investors need to know now. | | Get your free 2026 Gold Guide before the next policy shift |
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Consumer Discretionary | |
A classic cup-with-handle base is often a precursor to a stock’s run-up, and retailer Tractor Supply Company (NASDAQ: TSCO) is forming exactly that type of consolidation.
The Tennessee-based company specializes in items for rural lifestyles, including hardware, supplies for livestock and d... Read the Full Story |
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Consumer Discretionary | |
Lennar Corporation (NYSE: LEN) has a lineup is on the higher end of the housing spectrum. Its balance sheet is in the best shape it has been in for years. The problem is not the supply-demand situation because that remains firmly in favor of all the homebuilders. The problem is in the near to midt... Read the Full Story |
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Consumer Discretionary | |
To say the EV startup world is a world of fly-by-night operations and high risk is a bit of an understatement but Mullen Automotive (NASDAQ: MULN) is proving not all EV companies are alike. The latest news is a purchase order from Randy Marion Auto Group which is not only a game-changing event but... Read the Full Story |
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Markets | |
One of the world’s leading entrepreneurs is describing inflation and the energy crisis like “two freight trains barreling at each other.” More on that in a moment.
But first, I’d like to remind you of an idiom attributed to Mark Twain that reads, “history doesn&rsquo... Read the Full Story |
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Energy | |
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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Monday's Early Bird Stock Of The Day Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. Further, it offers portfolio of IoT solutions, such as modules, gateways, routers, and connected services; and portfolio of connected services, including wireless connectivity and cloud-based services for industrial, medical and communications applications. The company serves original equipment manufacturers and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in Asia- Pacific, North America, and Europe. Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California. | | View Today's Stock Pick |
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