Good MorningEquity markets seesawed on Thursday following an as-expected CPI report. The report was as expected and shows inflation declined by 0.1% from the previous month, but the YOY comparisons remain hot. In this scenario, the FOMC can be counted on to hike interest rates by at least 75 basis points before stopping, if not more. The real takeaway is that pressure on the economy will not let up any time soon.
Today's news will be centered around the Big Banks. The US largest banks are reporting earnings today, and the results and outlook will have a bearing on the direction of the S&P 500 this year. As it is, the outlook for earnings continues to sour; if the banks add to this trend, the S&P 500 will likely move lower by the end of the reporting season. Featured: Mastering This Skill Could Make Trading So Much Easier... (Base Camp Trading) 
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While 2022 was not too kind across the stock market, biotech stocks seem to have—for the most part—held their ground. These small-cap clinical-stage biopharmaceutical stocks are doing better than the average marker across the healthcare sector.
These three stocks, in particular, have ... Read the Full Story |
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The ghosts of 2021 and 2022 returned to the markets Thursday as the energy sector, including oil-and-gas giants Exxon Mobil Corporation (NYSE: XOM) and Schlumberger Limited (NYSE: SLB) posted significant price gains.
The sector as a whole, as tracked by exchange-traded funds such as the Energy Se... Read the Full Story |
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Tech | | | The biggest companies have less of a stranglehold on the stock market — and likely on your 401(k).
The 10 most valuable U.S. stocks now account for less than a quarter of the S&P 500, 24.4%. That’s down from 30.4% in late 2021, and it’s the lowest proportion in the rankings at the... Read the Full Story |
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After a down year for U.S. equities, investment portfolios have some ground to cover. Time to bring in the heavy machinery.
Companies that make farm and heavy construction machinery fared quite well in 2022. The group finished roughly 8%, while the S&P 500 declined 19%.
The good news f... Read the Full Story |
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Markets | | | Shares advanced Friday in Europe and Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher.
Germany's DAX was flat at 15,063.33 while the CAC 40 in Paris gained 0.5% to 7,007.77. Britain's FTSE 100 climbed 0.6% to 7,841.77. The futures fo... Read the Full Story |
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Markets | | | Shares advanced Friday in Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher.
Tokyo's Nikkei 225 index fell 1.3% to 26,119.52 on speculation that the Bank of Japan might relent and tighten its ultra-loose monetary policy as the yield o... Read the Full Story |
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Miners BHP Group Limited (NYSE: BHP), Rio Tinto Group (NYSE: RIO) and Vale S.A. (NYSE: VALE) were among the big gainers Thursday as their industry group moved higher, largely on the news from China and Saudi Arabia.
Australia-based BHP climbed more than 2% by mid-session Thursday, buoyed by... Read the Full Story |
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Markets | | | Delta Air Lines said Friday that it earned $828 million in the fourth quarter and that consumers are still snapping up flights and making other purchases with their airline-branded credit cards.
The Atlanta-based airline said momentum has carried over into the new year, as the travel ... Read the Full Story |
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Tech | | | Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, says its quarterly profit rose 78% over a year earlier but forecast weak demand this year Read the Full Story |
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Exxon Mobil (NYSE: XOM) published its 5-year plan this week amid its stock price making a gain of 4.47%.
The company revealed important changes to its capital structure, an expansion of environmental and social governance (ESG) policies, and a focus on growing its corporate earnings.
The... Read the Full Story |
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Friday's Early Bird Stock Of The Day Dave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster's name. As of April 02, 2019, it owned and operated 125 venues in 39 states, Puerto Rico, and Canada. The company was founded in 1982 and is headquartered in Dallas, Texas. | | View Today's Stock Pick |
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