Good MorningEquity markets cheered a weaker than expected CPI report and advanced the S&P 500 by more than 2.0% at the high of the day because of it. While good news, investors are cautioned not to become overly bullish in light of the trend in inflation. The CPI data was weaker than expected but still hot at nearly 6.0% YOY at the core level. At this rate, the FOMC can be expected to hike rates by at least 50 basis points at the next meeting and the peak of inflation is yet to be official. At best, inflation has been trending at the current levels for a few months now and points to ongoing pain at the register for consumers of all types.
Next week we'll get a fresh read on consumer spending in the form of retail sales. The takeaway from the news, however, is likely to support the idea that volume sales are in decline and the difference in growth is due to higher prices and inflation. The message to investors is that activity is slowing on a currency-neutral basis and the decline could accelerate given the expectation for FOMC interest rate hikes. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Healthcare | | |
Since the rebound from the global financial crisis in 2009, the Dow Jones Industrial Average (DJIA) has finished down for the year on only two occasions. With the widely followed index down around 8% year-to-date, the potential for a third such occurrence is looming.
Yet not all Dow-30 members ha... Read the Full Story |
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From Our Partners | | How to Collect Up To $5,917/mo From Trump's Made In USA Boom
Thanks to President Trump's America-First policies, a historic wave of investment is flooding back into the United States: Apple committing a colossal $500 billion to build new U.S. factories. Microsoft injecting $80 billion into domestic manufacturing. Nvidia moving critical chip production back to America.
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Tech | | | Stocks rallied to three-month highs on Wall Street Wednesday as investors welcomed a government report showing that inflation cooled more than expected last month.
The encouraging inflation update sparked speculation that the Federal Reserve may not have to remain as aggressive about ... Read the Full Story |
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Tech | | | Wall Street roared Wednesday after inflation cooled more than expected last month, sparking speculation the Federal Reserve may not have to be as aggressive about hiking interest rates as feared.
The S&P 500 was 1.9% higher amid a widespread rally that launched after a report sho... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
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Stocks | | |
Energy stocks Schlumberger (NYSE: SLB) and Transocean (NYSE: RIG) boast double-digit year-to-date price gains, part of the overall energy sector’s 2022 leadership trend.
These are quite different companies, in terms of size and profile. Together, they offer a glimpse of how various pa... Read the Full Story |
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Stocks | | |
Draftkings (NASDAQ: DKNG) share prices have been in a sustained downtrend that has the look of a rounded bottom. This is noteworthy because truly rounded bottoms are very rare and, to be fair, this one is really a series of smaller bottoms that have led to a slow build-up of support. The bottoming... Read the Full Story |
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Markets | | |
While Rite-Aid is a drugstore, its main growth driver is the pharmacy benefits management (PBM) business
Rite Aid stock plunged below pandemic lows to $4.68 as it reported a tear-jerking (-$1.63) loss per share
Bullish investors believe the COVID business bought the Company enough time to buil... Read the Full Story |
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Markets | | | Water levels on the Rhine River could reach a critically low point in the coming days, German officials said Wednesday, making it increasingly difficult to transport goods — including coal and gasoline — as drought and an energy crisis grip Europe.
Weeks of dry weath... Read the Full Story |
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Politics | | | Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage.
In fact, some people are convinced Atlanta — center of the natio... Read the Full Story |
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Politics | | | Donald Trump invoked his Fifth Amendment protection against self-incrimination as he testified under oath Wednesday in the New York attorney general's long-running civil investigation into his business dealings, the former president said in a statement.
About an hour after arriving at... Read the Full Story |
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Stocks | | |
As more data releases point to a slowdown in consumer and business spending activity, the road ahead for the U.S. economy could be rocky. So what are the implications for U.S. stock investors?
When economic uncertainty rises, it can be a good idea to seek out businesses that have demonstrated the... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Casa Systems, Inc., a communications technology company, provides solutions for next-generation physical, virtualized, and cloud native architectures for cable broadband, fixed-line broadband, and wireless networks in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. It offers converged cable access platforms; wireless network core products, such as virtual evolved packet and 5G core products, as well as small cell solutions, axyom element management system, and fixed wireless access devices; and virtual, centralized, and distributed deployment, and bandwidth capacity expansion systems. The company provides optical access solutions, virtualized broadband network gateway router and multiservice router, fiber extension, and residential broadband gateways; and machine-to-machine and industrial internet of things routers. Casa Systems, Inc. was incorporated in 2003 and is headquartered in Andover, Massachusetts. | | View Today's Stock Pick |
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