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: 5 dividend stocks worth owning in any market condition (Ad) 
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Basic Materials | |
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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From Our Partners | | Renewed tensions involving Iran are putting global oil supplies back in focus - and history shows certain energy stocks respond before the broader market catches on.
A new report identifies three energy stocks emerging from today's supply disruptions. One is already benefiting from the current environment; the other two may not be on your radar yet. | | See which three energy stocks made the list and why they stand out |
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Energy | |
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 sever... Read the Full Story |
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Technology | |
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 come.... Read the Full Story |
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From Our Partners | | Most AI portfolios hold the same handful of chip and software names - and completely ignore the physical layer. One perception-hardware company posted ~49% Q1 revenue growth with four partnership announcements in a single month.
A free report names seven companies building the automation, robotics, and semiconductor-test infrastructure that AI requires to move beyond the data center - including an automation giant that raised full-year guidance after quarterly sales rose ~12%. | | Click here to get your free copy of this report today |
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Transportation | |
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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Consumer Discretionary | |
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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From Our Partners | | Trader Graham Lindman has built a strategy around a repeating anomaly that appears in the first 60 minutes of every trading day - and it never requires holding positions overnight.
The setup has recently been refined to target up to 100% payouts by holding through the close, with 10 consecutive winning trades logged during one of the most volatile stretches since the Tariff Wars.
A new signal opportunity opens tomorrow. | | See how to join Graham Lindman's next trade before it opens |
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Markets | | A new Bank of America report cites Diageo (NYSE: DEO) and Pernod Ricard (OTC: PRNDY) as U.S.-listed alcoholic beverage companies expected to show resilience even in a weak consumer environment.
Both stocks are showing year-to-date declines, as well as losses over shorter time frames.
Meanwhile, o... Read the Full Story |
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Consumer Staples | |
Archer-Daniels-Midland Company (NYSE: ADM) may not come to mind as the first choice for a dividend stock.
During the height of the pandemic, companies that produce food ingredients experienced major challenges. A company like Archer-Daniels Midland may experience dips but rebound because of its c... Read the Full Story |
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Consumer Staples | |
When the market suffers a downturn, it can be a good time to bunker down with low beta stocks. Why is that?
By definition, stocks that are less sensitive to big market swings fare better in bear markets. The reverse is true in bull markets when low beta names tend to lag market returns.
Grante... Read the Full Story |
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Consumer Discretionary | | Last September, the U.S. stock market was catching its breath from a seven-month winning streak to all-time highs. This time around, the market is just trying to catch a break.
Equities are still reeling from the Fed’s hawkish tone and renewed fears of a global economic slowdown. Yet there&rs... Read the Full Story |
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Consumer Discretionary | | Online game creation and community ecosystem platform Roblox (NYSE: RBLX) stock has seen better days trading as high as $141.60 on the Metaverse hype before toppling to a low of $23.88 in June 2022. The concept of Roblox can be confusing to investors. Roblox is not a game, like Minecraft. It’s... 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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