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: Free stock picks from MarketBeat (Ad) 
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Consumer Discretionary | |
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 means a s... Read the Full Story |
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From Our Partners | | Every Monday afternoon, we send out a stock trade idea to some of MarketBeat's best and most valued subscribers. We think you are one of those people...but you are not on our alert distribution list yet. This once a week alert is sent out via SMS so that you can see it right away. Last week's alert was very popular with our subscribers, you won't want to miss out on the next alert -- and it doesn't cost you a thing. We're going to send out another trade idea on Monday around noon, and I want to make sure that you're able to see it. | | Add your name to the distribution list here |
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Markets | |
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 announcement, from rou... Read the Full Story |
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Consumer Staples | |
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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From Our Partners | | Elon Musk is backing a new AI startup that's quietly growing faster than Tesla, SpaceX, and reportedly 23 times faster than Nvidia, according to Jeff Brown of Brownstone Research.
The company recently filed paperwork for what could become the next major IPO on Wall Street. Investors can explore how to claim a pre-IPO stake for as little as $50 before shares go public. | | See the startup's name and pre-IPO details now |
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Markets | |
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, Southwest Airline... Read the Full Story |
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Technology | |
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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From Our Partners | | On April 16th, the U.S. Treasury executed a $15 billion buyback of its own debt - the largest in history - while former Treasury Secretary Hank Paulson publicly warned of collapsing demand for U.S. bonds.
According to Garrett Goggin, CFA, CMT, with 20 years studying gold and debt cycles, this is the moment miners priced for a world that no longer exists stand to benefit most. As natural bond buyers disappear and the Fed steps in, the move in gold may only be beginning. | | See the four gold miners positioned to benefit from what comes next |
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Consumer Discretionary | |
Macy’s (NYSE: M) just cut its guidance, and the stock is down more than 7.0%. The news had a lesser effect on the broader retail sector (NYSEARCA: XRT) than it might have, but investors should not be complacent about the news. Macy’s says the peak holiday shopping season was as-expecte... Read the Full Story |
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Markets | |
Apexigen Inc. (NASDAQ: APGN) stock hit a limit up, limit down (LULD) pause early in the trading session on January 9. The catalyst is a bullish analyst rating from E.F. Hutton Acquisition Corporation (NASDAQ: EFHTU). The firm gave Apexigen a Buy rating with an $8 price target.
Apexigen is &ldqu... Read the Full Story |
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Technology | |
The Taiwan Semiconductor Manufacturing (NYSE: TSM) stock price is enjoying renewed enthusiasm from bulls over the past five days, gaining 4.91% in today's trading session alone.
Part of these gains can be chalked up to a rally for semiconductor stocks in general and a lift in the broader mar... Read the Full Story |
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Finance | |
Merchant and consumer financial ecosystems provider Block Inc. (NYSE: SQ) stock starts the year off with a 6.7% gain after tanking a (-52%) tumble in 2022. Analysts believe the worst may be over regarding negative sentiment. While crypto brokers like Coinbase Global Inc. (NASDAQ: COIN) and Robinho... Read the Full Story |
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Markets | |
Update: Trading volume on WWE Stock is up over 400% in early trading today. The company confirmed that former CEO and majority shareholder Vince McMahon would be reinstated to the company’s board. WWE stock spiked 17% to more than $84 a share on the news of McMahon’s comeback.
World W... 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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