Good MorningEquity markets rebounded 2.0% on Wednesday despite a souring outlook for economic growth. The Fed's Beige Book was released at 2 PM and confirmed economic activity was little changed from the prior reading and the outlook for growth was dim. The news comes in contrast to the ISM services index release on Monday which suggests an acceleration in the services sector at least. The takeaway from the two reports, however, is that conditions are still in favor of aggressive FOMC policy action and that is seen in the Fed Funds Futures data as well. The odds for another 75 basis point rate hike rose to 75% according to the CMEs FedWatch Tool and it will likely trend higher following next week's read of the CPI. Consumer Level Inflation may have tamed on a month-to-month basis but is still expected to have run at a high mid-single-digit rate versus last year.
The biggest risk for the market for the remainder of the week is Fedspeak. There are a number of Fed members slated to make public remarks and they may all include hawkish commentary. The bottom line for traders, the Wednesday rebound is nothing more than a relief rally within the latest downdraft and it is not one that is expected to last long. Featured: The 3-Stock Retirement Blueprint (Legacy Research) 
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Solar stocks have been on fire lately (pun intended). The sector is getting a boost from the Biden administration which has announced a broad goal for 45% of the nation’s energy supply to come from solar by 2050. That’s up from the 4% the sector supplied in 2020.
And as one of ... Read the Full Story |
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From Our PartnersWe all knew it was coming to an end at some point, right? We’ve been in one of the longest bull markets in history, with the S&P surging well over 800%.
But now the chickens have come home to roost. | | | | Click here to Watch. |
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Politics | | | Stocks ended broadly higher on Wall Street, placing the market on pace to break a 3-week losing streak. The S&P 500 rose 1.8% Wednesday, and the tech-heavy Nasdaq rose even more. Small-company stocks outpaced the rest of the market. Airlines did well after United raised its revenue forecast foll... Read the Full Story |
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Politics | | | Stocks rose in afternoon trading on Wall Street Wednesday, placing the market on pace to break a 3-week losing streak.
The S&P 500 rose 1.5% as of 2:25 p.m. Eastern and is now in the green for the week. The Dow Jones Industrial Average rose 384 points, or 1.2%, to 31,530 and the N... Read the Full Story |
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There’s no doubt that semiconductors will continue to power technological innovations of the present and future.
The proliferation of personal computers (PCs), smartphones, and other consumer electronics are expected to keep advanced memory and processing chips in demand for years to ... Read the Full Story |
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REV Group (NYSE: REVG) is a niche EV play without the flash of Lucid Motors (NASDAQ: LCID), Workhorse Group (NASDAQ: WKHS), or Nikola (NASDAQ: NKLA) but it has something they don’t. A deep moat. While there are other manufacturers making EV ambulances, fire trucks, busses, and RVs they are f... Read the Full Story |
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From Our PartnersAnd Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday. | | Click here for the FREE REPORT... |
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G-III Apparel (NASDAQ: GIII) is a well-established company with solid results for the Q2 period but it may also be a value trap. The company’s brands are not as strong as some others in the sector and it lacks a dividend which is a prominent feature of other stocks in the group. Trading at 4... Read the Full Story |
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Lithium supply has been and continues to be under pressure as a result of global demand, and the global energy crisis has only increased the crunch of lithium. This will remain an issue for a while, and the head of Piedmont lithium states the following: “Yes, we’ll eventually have enou... Read the Full Story |
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Politics | | | A closely watched experimental drug for Lou Gehrig’s disease got an unusual second look from U.S. regulators on Wednesday, following intense pressure to approve the treatment for those with the fatal illness.
Patients and their families have rallied behind the drug from Amylyx Pharma,... Read the Full Story |
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Tech | | | A record heat wave put California in a fossil fuel conundrum: The state has had to rely more heavily on natural gas to produce electricity and avoid power outages while Democratic Gov. Gavin Newsom’s administration moves toward ending the use of oil and gas Read the Full Story |
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Tech | | | The U.S. Navy’s workhorse destroyer went into production more than 30 years ago, when Tom Stevens was a young welder.
Now, the Navy is getting ready to turn the page as it looks to a future ship brimming with lasers that can shoot down missiles and attack enemies with hypersonic miss... Read the Full Story |
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Thursday's Early Bird Stock Of The Day-limited-logo.jpg?v=20221202155455) Dingdong (Cayman) Limited operates an e-commerce company in China. The company offers fresh groceries, including vegetables, meat and eggs, fruits, and seafood; prepared food, and other food products, such as baked goods, dairy, seasonings, beverages, instant food, oil, and snacks. It offers its products through traditional offline, as well as online channels through Dingdong Fresh app, mini-programs, and third-party platforms. Dingdong (Cayman) Limited was founded in 2017 and is headquartered in Shanghai, China. | | View Today's Stock Pick |
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