Good MorningThe major indices fell for a fourth day on Wednesday setting new lows in the process. The S&P 500 closed near the low of the session with a decline of 1.84% and below the key 4,300 level. With the index at this new low, the odds of a much deeper decline have risen. The next key line in the sand is at the low of Wednesday's session and, if broken, investors can look forward to another 200 point decline in the broad market.
The next key test for the market will come on Friday with the release of the PCE price index. The index is the Fed's favored tool for measuring consumer-level inflation and it is expected to be hot. The takeaway here is the fundamental conditions on which the market rally is based are about to be changed at a more aggressive rate than anyone thought possible. The risk for the market is tremendous. Featured: Forget Nvidia, This “Ghost Town” Company Holds the Key to the AI Boom (Ad) 
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Tech | | | Technology companies led a broad slide on Wall Street in afternoon trading Wednesday that extended recent losses for the major indexes as the crisis in Ukraine kept markets on edge.
The S&P 500 fell 1% as of 2:21 p.m. Eastern, deepening its “correction," or a loss of 10% from its ... Read the Full Story |
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We often hear about the ‘Goldilocks’ economy as being the ideal scenario for U.S. economic growth. Not so hot that inflation boils over, and not so cold that growth is anemic. The term could also apply to the world of stock investing.
Many investors consider the U.S. mid-cap spa... Read the Full Story |
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Markets | | | Automaker Stellantis said Wednesday that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group and would pay out record profit-sharing checks to unionized U.S. workers.
The earnings nearly tripled pr... Read the Full Story |
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Markets | | | Discount broker Charles Schwab (NYSE: SCHW) stock has weathered the market sell-off relatively unscathed as shares have been trading in a 10-point range. The Q4 2021 earnings report revealed a shortfall in revenues stemming from lower trading revenues. The sharp collapse in meme and momentum stocks ... Read the Full Story |
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Markets | | | The new and old owners of the Venetian and Palazzo casino resorts and former Sands Expo and Convention Center announced Wednesday they have completed the sale of the iconic Las Vegas Strip properties for $6.25 billion.
Apollo Global Management and Las Vegas Sands Corp. said in separat... Read the Full Story |
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From Our Partners | | A Historic Gold Announcement Is About to Rock Wall Street?
For months, sharp-eyed analysts have watched the quiet buildup behind the scenes. Now, in just days, the floodgates are set to open. The greatest investor of all time could validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent — and four tiny miners could be your ticket to 100X gains. | | Click here to get Garrett’s Top Four picks now. |
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Politics | | | The latest on the Russia-Ukraine crisis:
WASHINGTON — Airspace over all of Ukraine has been shut down to civilian air traffic, according to a notice posted to air crews early Thursday.
A commercial flight tracking website shows that an Israeli El Al Boeing 787 from Tel... Read the Full Story |
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Tech | | | The U.S. Postal Service said Wednesday it cleared the final regulatory hurdle to placing orders for next-generation mail vehicles — and getting some of them on delivery routes next year — despite pushback from the Environmental Protection Agency.
Postmaster General Louis DeJoy said th... Read the Full Story |
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Stocks | | | Wayfair (NYSE: W) was one of the most exciting plays of the post-pandemic world but now that story is played. The two things that are abundantly clear in the Q4 results are that 1) the COVID tailwinds are no longer blowing and 2) the headwinds are mounting. Read the Full Story |
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Markets | | | The TJX Companies (NYSE: TJX) is a great example of what a buying opportunity looks like. The company gave a lackluster report and sent shares through the floor but buyers were quick to step in and reverse the action. Read the Full Story |
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Markets | | | Shares of Camping World (NYSE: CWH) are falling for no good reason other than the acceleration of growth sparked by the pandemic has peaked. The business is failing and it hasn’t stopped growing but YOY growth is slowing on a quarterly basis and the outlook, as robust as it is, may have it all priced in. Read the Full Story |
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Thursday's Early Bird Stock Of The Day Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of December 31, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $41 billion in assets under management as of December 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA. | | View Today's Stock Pick |
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