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: The side of the market that sells protection (Ad) 
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Markets | |
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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From Our Partners | | A single FCC filing is fueling speculation that Elon Musk is quietly planning his biggest project yet, one that industry watchers say could reshape the AI landscape and challenge rivals like Amazon's Jeff Bezos.
According to analyst James Altucher, the timeline points to December 8th as a key date for this emerging story. | | Watch the free video now to see what Altucher uncovered. |
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Healthcare | | 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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Consumer Staples | |
The dividend yield shows the percentage of share price a company pays out in dividends each year. The dividend yield formula is your ticket to better investment returns. If you’ve been gauging your dividends by the distribution amount or failing to take relative yield into account when buyin... Read the Full Story |
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Technology | |
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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Consumer Discretionary | |
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 implosion tha... Read the Full Story |
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From Our Partners | | Bitcoin is trading near $80,000. For your Bitcoin position to double from here, roughly $1.5 trillion in new money has to flow into a single asset. Not impossible.
Now ask what it takes to move a coin with a $40 million market cap. Not a trillion dollars. A fraction of a percent of one.
That's the entire reason my team stopped hunting for the next Bitcoin years ago. I put together a short presentation walking through where we're looking instead, and why the largest percentage moves in this market stopped coming from the coins everyone recognizes. | | Watch the presentation free here. |
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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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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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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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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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