Good MorningEquity markets tried to extend the rebound on Monday but were cut short late in the day. The S&P 500 advanced more than 1.0% in early trading only to reverse course in the afternoon and close closer to breaking even than not. This move is a sign of hopefulness from the market but also of indecision, and that is right, given the news due out later this week. Not only is this the first week of peak earnings season for the Q4 reporting period, but the December CPI is also due out.
The CPI is due on Thursday and is expected to give a mixed signal. The headline figure is forecast to fall while the core rises, leading to hot YOY figures. The YOY figures are expected to cool, but there is risk in this outlook. Even with a cool down, CPI is running above 5% at the headline and core level and almost 3X the FOMC's target rate. In this scenario, the FOMC will continue to hike rates and keep them at elevated levels well into 2023. Featured: Buy This $5 Stock Before Apple Car Announcement (IPM) 
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In July, Amazon.com Inc. (NASDAQ: AMZN) revealed it would acquire San Francisco-based 1Life Healthcare Inc. (NASDAQ: ONEM) in a deal worth $3.9 billion. Investors jumped at the acquisition. 1Life Healthcare rebranded to One Medical, and One Medical stock increased 70% on the an... Read the Full Story |
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S&P 500 component The TJX Companies, Inc. (NYSE: TJX) is still in the buy range after reversing lower along with the broader market in Monday’s session.
Shares closed Monday at $81.51, down $1.21, or 1.46%. The trading volume was heavier than normal.
To clarify: A buy range... Read the Full Story |
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Markets | | | Looking for the Dogs of the Dow, 2023 edition? You came to the right place.
We’ll explore these 10 blue-chip dividend bargains in a moment. Collectively, they are yielding 4.5%! But first, a quick recap of the strategy and homage to its 2022 “mini miracle.”
Last year was a dumpster fire for most mai... Read the Full Story |
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From Our PartnersApple is preparing to upend the auto industry with their own EV... and this $5 stock could soar 40X once it goes live! | | Click here to learn more. |
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Stocks | | |
Fasten your seat belts! Airline stocks are off to a fast start this year. Except for sizzling copper stocks, no other group advanced more than airlines (8.8%).
After two years of 20%-plus declines, things may finally be lining up for the embattled industry.
Just two weeks ago, Southwe... Read the Full Story |
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Stocks | | | Stocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy to fight inflation Read the Full Story |
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Markets | | | Stocks are opening higher on Wall Street, extending gains from last week when the market posted its first weekly gain in five weeks. Energy stocks were among the biggest winners as crude oil prices rose about 3%. Technology stocks were also higher. Macy’s sank after tempering its sales forecast for ... Read the Full Story |
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Tech | | | Dressed in a canary blue suit on a warm December night, sweat dripping from his brow, Bishop Lawrence Rolle belts out the lyrics to his latest hit song for the hundreds of children and adults gathered to celebrate Christmas.
“FTX!,” he sings, bent over and shaking his head for emphas... Read the Full Story |
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Politics | | | America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring Read the Full Story |
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Target Corporation (NYSE: TGT) shoppers are familiar with Bullseye, the beloved white English bull terrier who has been on TV ads and in-store signage for more than 20 years.
A bullseye of a different breed — Wall Street price targets — may be more reason to love the embattled discoun... Read the Full Story |
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Markets | | |
The Fortinet (NASDAQ: FTNT) stock price has had a bumpy ride over the past five days. This comes amid the recent discovery that some distributions of its virtual private network (VPN) software can be compromised via a security exploit.
News of the vulnerability was first announced on Thurs... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in total joint replacements, such as hip, knee and shoulder, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical and thoracolumbar systems that include fixation, minimally invasive and interbody systems used in spinal injury, complex spine and degenerative therapies. The MedSurg and Neurotechnology segment offers surgical equipment, and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, clinical communication and workflow solutions, and other medical device products that are used in various medical specialties, as well as patient and caregiver safety technologies. This segment also provides neurosurgical, neurovascular and craniomaxillofacial implant products, which include products used for minimally invasive endovascular procedures; products for brain and open skull based surgical procedures; orthobiologic and biosurgery products, such as synthetic bone grafts and vertebral augmentation products; minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke; and craniomaxillofacial implant products, including cranial, maxillofacial, and chest wall devices, as well as dural substitutes and sealants. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors in approximately 75 countries. Stryker Corporation was founded in 1941 and is headquartered in Portage, Michigan. | | View Today's Stock Pick |
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