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: 120 days remain before new defense mineral rules take effect (Ad) 
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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 | | Barrick Mining has spent decades building one of Nevada's richest gold districts, anchored by Fourmile, Goldrush, and Cortez Hills, deposits that could hold up to 60 million ounces of gold.
One overlooked explorer controls 142 claims bordering Fourmile and sitting less than a mile from Goldrush. New geological modeling aims to reveal what's beneath this largely untested ground, while a planned 5% royalty spin-off could give shareholders a separate stake in the project. | | Read the full report before the next catalyst hits |
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Technology | |
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 | | A new tool called Oracle tracks insider bets hidden in the predictions market, flagging which stocks and options could be affected.
During beta testing, Oracle identified notable short-term moves including USO up 39% in four days, PLTR up 43% in a day, and WEN up 67% in two days, all through a regular brokerage account.
See how Oracle spots these hidden insider bets before they make headlines. | | Get free access to Oracle and see the data now |
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Industrials | |
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 | | Each morning, the Wave Software scans the market for stocks quietly building momentum over days or weeks, then narrows the list to a single name showing signs of an imminent move.
From there, it outlines specific options criteria designed to match that potential move, giving traders a complete setup before the market 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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Communication Services | | 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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