Good MorningEquities rebounded on Thursday and may move higher but it all depends on today's read of the PPI index. The index is expected to support the idea of ongoing FOMC interest rate hikes so may not be a catalyst for buying. The caveat is that producer prices may come in on the weak side which is a catalyst for higher index prices albeit a dubious one. A single month of weak inflation data is not a trend nor does it signal the end of FOMC policy tightening.
Next week will bring another read of the CPI index as well and this time it will come before the FOMC meeting. The CPI is much more important than the PPI and may send another jolt through the market.
The takeaway is that the FOMC is going to keep hiking rates and will do so by at least 50 basis points next week. This will add additional pressure to the earnings outlook and may bring the S&P 500 down with it. The risk is the Fed will either increase the hawkish tone of the statement or the CPI will put another 75 basis point hike on the table. Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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Discount retail outlets are growing in popularity and that can make them smart options for stock investors. When it comes to discount chains, these companies not only offer the same retail products at bargain prices, but they could also be a bargain addition to any stock portfolio.
Big Lots Is a ... Read the Full Story |
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Tech | | | Technology companies helped lift stocks Thursday, ending a five-day losing streak for the S&P 500, though the major indexes remain on pace for a weekly loss.
The S&P 500 rose 0.8%, while the tech-heavy Nasdaq composite closed 1.1% higher. The Dow Jones Industrial Average added... Read the Full Story |
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Stocks | | | Large-cap pharmaceuticals Pfizer Inc. (NYSE: PFE) and Johnson & Johnson (NYSE: JNJ) are among stocks outperforming the broader market in the past year, particularly in the past three months. Both stocks are S&P 500 components, so a comparison with that index offers an appropriate benchmark f... Read the Full Story |
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Stocks | | | Shares rose in Asia on Friday after an advance on Wall Street led by the latest rally in technology companies.
Chinese benchmarks rose on reports the government is planning new measures to support the ailing property sector, which has dragged on growth over the past several years.
... Read the Full Story |
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Stocks | | | Shares rose in Asia on Friday after an advance on Wall Street led by the latest rally in technology companies.
Chinese benchmarks rose on reports the government is planning new measures to support the ailing property sector, which has dragged on growth over the past several years.
... Read the Full Story |
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Markets | | | Faith in the U.S. dollar has often hinged in part on what Treasury Secretary Janet Yellen says. On Thursday, the focus will be on what she writes, as the government churns out its first currency bearing her signature.
Yellen loops her capital “J” and “Y,” with the rest of her name flo... Read the Full Story |
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After two years of volatile meme-induced trading, it may finally be time to throw in the towel on Gamestop (NASDAQ: GME). At least if you’re a bull. The Q3 results and outlook for the next few quarters are not good and have the stock at risk of a major implosion. Another major implosio... Read the Full Story |
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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 Carv... Read the Full Story |
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Markets | | | Shares were higher in Europe and Asia ahead of an update Friday on U.S. wholesale prices that will provide insights into how businesses are coping with inflation.
Germany's DAX added 0.2% to 14,295.30 while the CAC 40 in Paris was nearly unchanged at 6,649.30. Britain's FTSE 100 also ... Read the Full Story |
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Shares of the scoreboard and LED display maker Daktronics (NASDAQ: DAKT) fell 40% in a single session and they may fall further. The reason is that the company filed a document with the SEC that raises serious questions about the business's status as a “going concern”. A going concern ... Read the Full Story |
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Friday's Early Bird Stock Of The Day The Howard Hughes Corporation owns, manages, and develops commercial, residential, and mixed-use properties in the United States. It operates through four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment owns retail, office, multi-family, hospitality, and other operating properties and investments primarily located in Houston, Texas; Columbia, Maryland; Las Vegas, Nevada; and Honolulu, Hawaii. The MPCs segment develops and sells detached and attached single family homes that range from entry-level to luxury homes to residential homebuilders and developers; and sells or leases land for commercial development, including land parcels designated for retail, office, hospitality, and residential projects. The Seaport segment is involved in the landlord operations, managed businesses, and events and sponsorships. The Strategic Development segment develops residential condominium and commercial property projects. This segment consists of development or redevelopment projects. The Howard Hughes Corporation was incorporated in 2010 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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