Good MorningEquity markets pulled back on Thursday after setting a new intra-day high. A hotter-than-expected read on CPI underpinned by rising gasoline and housing costs sparked the sell-off, leaving investors wondering what to do next. That may be decided today following results from the Big Banks, which are expected to show significant top and bottom-line growth driven by higher interest rates. The takeaway from the reports will be centered on the economy, consumer health, and the outlook for capital returns.
The rebound in the S&P 500 appears to be over. The index shed about 1% after hitting the new high and showed significant resistance at the 30-day moving average. If the market follows through on this signal, it will continue to sell off regardless of bank results. The next FOMC meeting is 3 weeks away; the market does not expect another hike but it is bracing for another hawkish statement. Featured: 5 Best Stocks Under $5 to Buy Now (Ad) 
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Stocks | | | U.S. stocks mostly fell Friday after fears about war in the Middle East collided in financial markets with hopes for stronger profits at big U.S. companies.Oil prices leaped, and Treasury yields fell after Israel's military ordered the evacuation of northern Gaza ahead of a possible ground invasion,... Read the Full Story |
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Domino’s Pizza (NYSE: DPZ) is no high-yielding stock, but it’s not the yield that matters so much as the trajectory of distribution growth. This company pays a tiny fraction of its earnings in dividends, about 35%, and has solid cash flow and an outlook for sustained distribution growt... Read the Full Story |
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Markets | | | China’s economy remains in the doldrums, data released Friday showed, with prices falling due to slack demand from consumers and businesses. Consumer prices remained flat in September compared with a year earlier, the National Bureau of Statistics said, while wholesale prices fell 2.5%. Exports and ... Read the Full Story |
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Having traded mostly sideways for the past two years, albeit with a slightly downward lean, shares of video game maker Electronic Arts Inc (NASDAQ: EA) have been rallying hard this month. They're up more than 10% and on track for their longest run of up days since May of last year.
It ... Read the Full Story |
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Movie theater chains, at least some, are reeling in the profits as audiences flock back. Cinemark Holdings Inc. (NYSE: CNK) pivoted back to profitability in the most recent quarter after suffering losses in most quarters since 2020.
Imax Corp. (NYSE: IMAX) reported a profit in 2022, and the compa... Read the Full Story |
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Markets | | | China’s exports and imports both fell in September from a year earlier, though they contracted at a slower pace than the month before even as global demand remained muted.Customs data released Friday showed exports for September slid 6.2% to $299.13 billion in the fifth straight month of decline. Im... Read the Full Story |
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Markets | | | Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook.IMF Managing Director Kristalina Georgieva s... Read the Full Story |
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Walgreens Boots Alliance (NASDAQ: WBA) shares are down significantly over the past two years and may fall further. The company's turnaround efforts are slowly taking hold, and the impact of COVID-19 sales continues to weigh on results. However, the Q3 results show improvement in sales across all s... Read the Full Story |
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Markets | | | New York officials launched legal recreational marijuana sales by promising many of the first retail licenses to people with past drug convictions, hoping to give people harmed by the war on drugs a chance to succeed before competitors crowded in.But more than nine months after sales started, only a... Read the Full Story |
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Delta Air Lines (NYSE: DAL) put the fear of rising oil prices into the market when it cut guidance for Q3. While rising oil prices impacted profitability, the 25% pullback in price action that has taken place since July is overblown. The company’s Q3 results and outlook confirm that Delta is... Read the Full Story |
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Friday's Early Bird Stock Of The Day NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. The company had approximately 33,276 megawatts of net generating capacity; approximately 90,000 circuit miles of transmission and distribution lines; and 883 substations. It serves approximately 12 million people through approximately 5.9 million customer accounts in the east and lower west coasts of Florida. The company was formerly known as FPL Group, Inc. and changed its name to NextEra Energy, Inc. in 2010. NextEra Energy, Inc. was founded in 1925 and is headquartered in Juno Beach, Florida. | | View Today's Stock Pick |
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