Good MorningThe equity market rebound on Wednesday, with the S&P 500 gaining more than 2.0% at the peak of the session. The move was sparked by good news in the bond markets that may be misplaced. The Bank of England says it will purchase bonds in whatever scale is necessary to stabilize the currency, which is good news for England. The risk for US investors is the FOMC will not be buying bonds anytime soon, and US interest rates are still on the rise.
Another driver of market action on Wednesday was a surprise draw in US crude and gasoline stockpiles ahead of Hurricane Ian. Ian has about 11% of the US production shut down, which will have an appreciable effect on supply and prices going forward. The takeaway is the decline in fuel prices that began in early June may be over. If oil prices begin to rise again, investors and consumers should brace for another systemic increase in inflation. Featured: Could this be crypto's biggest Trump win? (Ad) 
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Politics | | | Stocks rallied on Wall Street to their first gain in more than a week, as some calm returned to markets around the world Wednesday after the Bank of England moved forcefully to get a budding financial crisis there under control.
The S&P 500 jumped 2% for its best day in seven week... Read the Full Story |
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Politics | | | Some calm flowed back into markets worldwide Wednesday, and stocks on Wall Street rallied toward their first gain in more than a week after the Bank of England moved forcefully to get a budding financial crisis there under control.
The S&P 500 was 2.1% higher in late trading, on p... Read the Full Story |
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Markets | | | It’s not very typical these days to find a stock like International Seaways (NYSE: INSW), which boasts these eye-popping returns:
1 month: +17.69%
3 month: +62.69%
Year-to-date: +139.17%
The New York-based company is a marine transporter of crude oil and other petroleum products. It&rs... Read the Full Story |
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Politics | | | European stocks tumbled Thursday and Asian markets were mixed after British Prime Minister Liz Truss defended a tax-cut plan that rattled investors.
London's market benchmark plunged 2.3% and Frankfurt lost 1.9% in early trading. Shanghai and Hong Kong also declined. Tokyo and Seoul a... Read the Full Story |
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Stocks | | | What do autumn leaves and recent stock prices have in common? Yep, both are falling.
Corny jokes aside, things seem to be getting worse for U.S. equities. The British pound just hit an all-time low against the dollar and companies are warning about weakening economic conditions.
With September liv... Read the Full Story |
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Markets | | | Frequently in life, timing is everything. That’s the thought that comes to mind when I look at the earnings report from United Natural Foods (NYSE:UNFI).
The distributor of natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Can... Read the Full Story |
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Healthcare | | | Hospital and healthcare facilities operator HCA Healthcare (NYSE: HCA) stock has fallen (-25%) this year underperforming the payors. Apparently, not all healthcare stocks are a safe haven in a falling market fueled by recession fears. The payors including health insurance companies like Humana... Read the Full Story |
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Markets | | | Shares of Biogen and other drugmakers researching Alzheimer’s disease soared Wednesday after Japan’s Eisai Co. said its potential treatment appeared to slow the fatal disease in a late-stage study.
The drugmaker said early results showed that its treatment, lecanemab, reduced patient... Read the Full Story |
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Markets | | | Mullen Automotive (NASDAQ: MULN) is gearing up for production of its flagship FIVE SUV crossover which could be the next big thing in the EV world. Its cars are not only attractive but fast and it has its fingers in more than one market including sports cars, final mile delivery, and battery techno... Read the Full Story |
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Politics | | | Senior executives of JetBlue Airways and Southwest Airlines argued in court Wednesday over JetBlue's controversial partnership with American Airlines that the Biden administration is seeking the thwart.
JetBlue CEO Robin Hayes told a federal court in Boston the partnership will help ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Zhihu Inc. operates an online content community in the People's Republic of China. Its community allows people to seek inspiration, find solutions, make decisions, and have fun. The company offers technology, business support, and consulting services; information transmission, software, and information technology services. It also offers information and marketing services; vocational training; and internet services, as well as holds audio-visual permit. Zhihu Inc. was founded in 2010 and is headquartered in Beijing, the People's Republic of China. | | View Today's Stock Pick |
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