Good MorningThe rebound in equities accelerated again on Wednesday but traders are cautioned not to become complacent. The move is on the heels of better than expected earnings from some key S&P 500 companies but the specter of inflation is still looming. The CPI data is due out today and it is expected to be positive if not an acceleration from the previous month. The risk for the market is the data will not be consistent with the FOMC's idea that inflation is peaking and will up the ante in terms of interest rate hikes. The odds of at least one 25 basis point hike at the next FOMC are above 100% and the odds for two 25 basis point hikes are growing.
In stock news, tech stocks led the rally on Wednesday with names like Meta, Shopify, and Etsy leading the charge. Rebound plays were also in favor and should help lift the market back up to the recently set all-time high. If the market can set a new all-time high it will likely rally into the spring and early summer barring other developments in the economy. Featured: The Top 10 AI Stocks You Need to Know (Ad) 
|
Healthcare | | |
These 3 Conservative Stock Picks Are Worth a Look
Oftentimes, boring is a good quality to look for in the stock market. While it’s certainly exciting to invest in high-risk, high reward companies that can potentially provide massive gains, there’s something to be said about having a f... Read the Full Story |
|
From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | | Get your free guide now by clicking here >> |
|
Tech | | | Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20% to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders for its goods, including a 1-billion euro order for high speed trains in Germ... Read the Full Story |
|
Stocks | | |
A 2020 Gallup poll found that 68% of Americans support marijuana legalization. So far, 19 U.S. states (including the District of Columbia) have legalized recreational marijuana use and 36 states have legalized medical marijuana.
With such high approval ratings and growing legalization, you may th... Read the Full Story |
|
|
Markets | | | SpaceX’s newest fleet of satellites is tumbling out of orbit after being struck by a solar storm.
Up to 40 of the 49 small satellites launched last week have either reentered the atmosphere and burned up, or are on the verge of doing so, the company said in an online update Tuesday ni... Read the Full Story |
|
Tech | | | California sued Tesla Inc. on Wednesday over allegations of discrimination and harassment of Black employees at its San Francisco Bay area factory.
The suit, filed in Alameda County Superior Court, was sparked by hundreds of worker complaints, said Kevin Kish, head of the state's Depa... Read the Full Story |
|
From Our Partners | | A little-known regulation quietly goes into effect this July.
And it's already being exploited by Wall Street and the Big Banks…
It gives them the green light to treat a certain tangible asset as equivalent to cold, hard cash.
Not stocks. Not real estate. And definitely not the U.S. dollar.
We're talking about something they don't want you to notice — because the fewer people who act on this, the better it is for them. | | To help you get started, we're giving away a FREE Wealth Protection Guide that shows you exactly how |
|
Markets | | | Snoop Dogg has taken over a popular record label that launched his stellar career.
The rapper-mogul acquired Death Row Records’ brand from MNRK Music Group, which is controlled by a private equity fund managed by Blackstone, the i nvestment firm announced Wednesday. The terms of the... Read the Full Story |
|
Markets | | | A theme-park comeback continued to boost Disney's results in the most recent quarter. The company also added more subscribers to its Disney+ streaming service than analysts expected.
Disney had closed or limited capacity at its theme parks and suspended cruises earlier in the pandemic... Read the Full Story |
|
Markets | | | Hasbro stock has been lagging the market and it's 2022 revenue projections may have investors wondering what to do. For answers, look to the company’s digital gaming platform which may position Hasbro to be a participant in the blossoming metaverse. Read the Full Story |
|
Markets | | | Shares of Canopy Growth Corporation (NASDAQ: CGC) are up more than 16% after the release of FQ3 earnings but we aren’t buying into the rally, at least not yet. As much as we’d like to see this company make profits we’ve been here before, just when it seems like things are getting better they get worse again. Read the Full Story |
|
Markets | | |
Electronics manufacturing services company Flex (NASDAQ: FLEX) stock has fended off much of the market correction in 2022. The third-largest global electronic services manufacturer has been resilient despite the supply chain and logistics disruptions. Throughout the COVID-19 headwinds, Flex has co... Read the Full Story |
|
Thursday's Early Bird Stock Of The Day CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company offers secured and unsecured installment loans, revolving line of credit, and single-pay loans; and credit protection insurance, check cashing, money transfer, foreign currency exchange, and other ancillary financial products and services, as well as reloadable prepaid debit cards and demand deposit accounts. The company also provides loans through online. It operates under the Covington Credit, Heights Finance, Quick Credit, Southern Finance, First Heritage Credit, Cash Money, LendDirect, and Flexiti brands. The company was formerly known as Speedy Group Holdings Corp. and changed its name to CURO Group Holdings Corp. in May 2016. CURO Group Holdings Corp. was founded in 1997 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
|
