Good MorningEquity markets tread water on Wednesday ahead of the PPI report on Friday. The report could reinvigorate fear of inflation and the FOMC and spark another decline in the stock market. The S&P 500 is sitting on key support in the form of the 30-day EMA, a move below that could bring on more selling and drive the index down to the October lows.
The PPI report is not expected to show a decline in inflation and that is bad news. At current levels, PPI is supporting consumer-level inflation and may force the FOMC to hike rates by another 75 basis points at the meeting next week. As it is, the CME FedWatch Tool is pricing in a 75% chance the next hike will only be 50 basis points which is bad enough for the economy by itself. Featured: The 7 Stocks Quietly Gaining Attention Right Now (Ad) 
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Consumer Discretionary | |
Carvana Co. (NASDAQ: CVNA) shares are down nearly 66% since the beginning of the week on concerns that the company may be headed for bankruptcy. In fact, CVNA stock took a luld (limit up limit down) pause on the morning of December 7.
This came after Bloomberg reported that several of Carvana&r... Read the Full Story |
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From Our Partners | | Matt Monaco started with a $2,000 trading account and no clear strategy. After two years of trial and error, he crossed $1 million in 2020.
Today his account sits at $3 million, generating roughly $100,000 a month using a repeatable system he calls The Income Blueprint.
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Communication Services | |
Shares of Spotify Technology SA (NYSE: SPOT) were rebounding Wednesday after declining 4.02% Tuesday.
The stock’s price has held above its November 4 low of $69.29. Does that mean we’ve heard the last of its downtrend?
Spotify attempted a rally in the summer, roughly in tandem with ... Read the Full Story |
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Consumer Discretionary | |
The question of a Fed pivot isn’t if, it’s when because the FOMC can’t continue to hike rates indefinitely. In that scenario, economic activity would grind to a halt and recede, GDP would shrink and the global world order would collapse. No, the FOMC’s mission is to maintai... Read the Full Story |
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From Our Partners | | A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of Saudi Arabia's largest oil field, with potential to last two million years.
While the One Big Beautiful Bill Act eliminated federal credits for solar, wind, and EVs, this energy source was reclassified alongside oil and nuclear power and given eight years of tax credits. Google signed a 15-year contract, and Bill Gates committed $100 million.
One company controls the entire supply chain behind this discovery. | | See the ticker behind this Grand Canyon energy breakthrough now |
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Consumer Discretionary | |
At MarketBeat, we do our best to deliver information about the stocks and stories that are moving the market. But we also want to make sure we give you information about the stocks that you care about the most – because those are the ones that are most likely to be in your portfolio.
While ... Read the Full Story |
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Utilities | |
In 1857, John Henry Hopkins Jr. wrote “Three Kings of Orient,” the popular Christmas carol more commonly known today as “We Three Kings.” Based on the Biblical Magi who bore gold, frankincense, and myrrh, the song is about the importance of sacrifice — and believe it... Read the Full Story |
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From Our Partners | | Amazing backtest. Beautiful sales pitch. Then real money goes in and things look very different. Sound familiar?
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Consumer Discretionary | |
Toll Brothers (NYSE: TOL) stock is up following the FQ4 results and F2023 guidance but don’t get your hopes up. The reason the stock is down 40% from its peak set last year is the institutions are not likely buyers at this juncture. In fact, given the institutional data for the last 4 quarte... Read the Full Story |
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Consumer Staples | |
Campbell Soup Company (NYSE: CPB) has proven once again to be a resilient company that income investors might want to own. Given the increasing volatility in the average S&P 500 (NYSEARCA: SPY) stock, it may be one that many other investors may want to own as well. The stock comes with a beta ... Read the Full Story |
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Markets | |
If 2021 was the year of FAANG, then 2022 has been the year of bang. Some of the highest-flying and seemingly gravity-resistant stocks of the past few years have been found to be quite heavy once low-interest rates are removed. Apple (NASDAQ: AAPL) for example dropped as much as 30% from last year&... Read the Full Story |
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Consumer Discretionary | | If there’s a slowdown in consumer spending, it hasn’t affected Ulta Beauty (NASDAQ: ULTA), which is trading at new highs following last week’s better-than-expected third-quarter report.
Is the stock a buy right now, given its solid prospects?
Ulta is up 3.34% in the past week, ... Read the Full Story |
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Finance | |
For many investors, investing during a bear market means staying away from small-cap stocks. That could be a mistake as these stocks are the ones that often lead the way when the market reverses. And...spoiler alert...the market always does turnaround.
Nevertheless, quality still matters, and it... Read the Full Story |
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Thursday's Early Bird Stock Of The Day RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations. This segment also designs, produces, and supports cabin interior, including oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; battlespace, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for U.S., foreign government, and commercial customers. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia. | | View Today's Stock Pick |
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