Good MorningThe selloff in equities resumed on Thursday as traders brace for what could be an historic PCE price index. Although the index is expected to decelerate on a YOY basis it is expected to remain high and at a level that confirms the latest twist in the FOMC outlook. The twist is that the FOMC slowed the rate hike pace but upped its expectations for both inflation and peak interest rates.
Thursday’s candle is a warning to the market. Investors hoping for a Santa Claus Rally should be cautious. The market may rise next week simply because of a lack of volume and the "underlying bid". In this scenario, any upswing in prices will likely be met by selling that drives the index down to a new low Featured: Trump’s issues shocking Executive Order on U.S. Dollar (Ad) 
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Materials | |
It’s not the warmest or most cuddly holiday-season image, but steel stocks, including Nucor Corporation (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD), are bringing some cheer to investors.
As a group, steelmakers have been rising quickly, led by those two S&P 500 components, along ... Read the Full Story |
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Markets | |
The PCE price index cooled on a month-to-month and YOY basis, precisely what the market wanted to see. The bad news is that the index cooled less than expected at the core level YOY and remains hot at 4.7%. At this level, inflation has peaked but is still trending in a range that is more than doub... Read the Full Story |
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Industrials | |
Cintas Corporation (NYSE: CTAS) has something every business in the S&P 500 wishes it had right now; the operating leverage to improve margins despite the ongoing impact of inflation. The company just reported double-digit increases at all levels of operations, driven by a story that has been ... Read the Full Story |
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From Our Partners | | In 19 midterm elections since 1950, the S&P 500 was higher one year later every single time.
Bill Poulos's new report, The Midterm Election Playbook, normally sells for $29.97, but it's free today ahead of the November 3rd election. | | Download your free copy of the Midterm Election Playbook now |
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Technology | |
Well, it was fun while it lasted. Traders had some holiday fun with Palantir Technologies Inc. (NYSE: PLTR) stock a few days before the Christmas holiday. On December 21, PLTR shares went up 5% on the news that Palantir was awarded a multi-million deal with the United Kingdom's Ministry of Defense... Read the Full Story |
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Industrials | |
You may think of equipment makers Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) as literally moving slowly, but these heavy equipment stocks outran the S&P 500 throughout 2022 and pulled into a sprint to end the year.
Despite its name, Caterpillar hasn’t exactly been c... Read the Full Story |
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From Our Partners | | A Federal Reserve filing, Docket No. OP-1670, is drawing scrutiny for language that could expand the Fed's visibility into consumer bank transactions.
A pilot program is reportedly already underway, with wider rollout at major banks possibly beginning this summer.
Martin D. Weiss, PhD, founder of Weiss Ratings, breaks down what the document says and what steps account holders might consider. | | Click here to see the document and learn protective steps |
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Consumer Discretionary | |
Mullen Automotive, Inc. (NASDAQ: MULN) stock is up nearly 4% (3.95%) in midday trading on news that the company's first I-GO™ vehicles have arrived in Europe. The I-GO™ is an urban commercial delivery vehicle purposefully designed to meet the space constraints in dense cities throughou... Read the Full Story |
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Markets | |
What is dividend yield? It’s an excellent question for budding investors.
Dividends are one of only two reasons to own stocks and the only reason you can rely on stock to any extent. Dividends are the payments publicly traded companies pay to their investors, and the dividend yield measure... Read the Full Story |
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Technology | |
As temperatures drop throughout the U.S., sunshine and warmth may seem like distant dreams. But for shareholders of top-performing solar-energy stocks such as Enphase Energy Inc. (NASDAQ: ENPH), SolarEdge Technologies Inc. (NASDAQ: SEDG), and First Solar Inc. (NASDAQ: FSLR), those brighter days ma... Read the Full Story |
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Consumer Discretionary | |
On a day when the broader market soared over 500 points, Lucid Group, Inc. (NASDAQ: LCID) was a notable laggard. Shares of LCID stock fell by less than one percent. But it continues the downward trend for the stock, down 30% in the last month and over 80% in 2022.
One sore spot for investors is ... Read the Full Story |
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Markets | |
The institutions have helped to indicate a bottom in Rite Aid Corporation (NYSE: RAD) shares, not so much because of their buying but the opposite. The institutions had been heavy buyers all year despite the downturn in the price action, but that changed in Q4. In Q4 a broad array of sell-side ins... Read the Full Story |
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Monday's Early Bird Stock Of The Day Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development. | | View Today's Stock Pick |
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