Good MorningIt’s a rally. The markets are all finished in the green to close the week. The only thing that changed is that an increasing number of experts are beginning to believe that the Federal Reserve will not raise interest rates more than 75 basis points at their next meeting. And in a week that brought a lot of bad news regarding inflation, investors had to cheer the news that the long-term inflation outlook is at its lowest level in a year.
However, we would caution investors on getting complacent. The market is going to continue to be volatile. Next week, earnings season will begin in earnest. There are still expectations for a profits recession. Several companies have pre-emptively lowered their already lowered guidance.
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Markets | | State Street (NYSE: STT) is a financial services firm that provides asset management, custodian services, fund accounting, and administration services. Global Services handles assets from many classes, including stocks, derivatives, exchange-traded funds, fixed income assets, private equity, and real estate. Read the Full Story |
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Markets | | Membership based warehouse retailer Costco (NASDAQ: COST) stock has trimmed its losses to (-7.7%) on the year. The retail giant operates 830 warehouses worldwide including the majority 574 locations in the U.S. It has fared much better than rival consumer retailers Target (NYSE: TGT) and Walmart (NY... Read the Full Story |
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Markets | | E-commerce infrastructure platform Shopify (NYSE: SHOP) stock has crumbled a whopping (-77%) in 2022. The popular commerce platform paves the way for digital transformation by enabling small businesses to set up shop online Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
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Politics | | Pleas were piling up Sunday in Italy aimed at persuading Premier Mario Draghi to stay in office instead of resigning as he tried to do last week after being let down by a populist coalition partner.
Hundreds of mayors have signed an open letter. Union leaders and industrialists, who ... Read the Full Story |
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Markets | | Diversified global medical science products maker Abbott (NYSE: ABT) stock is down a modest (-11.5%) on the year. Abbott provides full lifecycle health and medical products from baby formula to nutrition supplement products, chronic disease treatments and medical devices to generic pharmaceuticals Read the Full Story |
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From Our Partners | | I made a mistake.
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Tech | | The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: She pledges that by the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader Read the Full Story |
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Tech | | The tech industry’s latest artificial intelligence constructs can be pretty convincing if you ask them what it feels like to be a sentient computer, or maybe just a dinosaur or squirrel. But they’re not so good — and sometimes dangerously bad — at handling other seemingly straightforward tasks.
... Read the Full Story |
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Tech | | President Joe Biden is promising “strong executive action” to combat climate change, despite setbacks that have restricted his ability to regulate carbon emissions and boost clean energy such as wind and solar power Read the Full Story |
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Tech | | President Joe Biden is promising “strong executive action” to combat climate change, despite setbacks that have restricted his ability to regulate carbon emissions and boost clean energy such as wind and solar power Read the Full Story |
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Markets | | Shares of Whirlpool have been sold off following the company's exit from Russia, which is predicted to incur a significant loss over the short term. However, the long-term effects of the exit from the Russian market could prove minimal. Read the Full Story |
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Monday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | View Today's Stock Pick |
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