Good MorningEquity markets slipped at the open on Monday but regained their footing to close the session near flat for the day. Mounting worries linked to geopolitical tensions, inflation, and rising interest rates are to blame, but investors remain resilient. This week will bring many earnings reports, so the market is hopeful. The risk is that earnings will be better than expected but offset by weak guidance.
Economic data is another risk this week. There are several reports on the calendar, including the Q3 GDP but the only thing that matters is the PCE price index on Friday. The PCE price index is expected to accelerate at the core level and may come hotter than expected. Oil prices have risen significantly since the summer, helping sustain high inflation levels. Another hot read on the PCE will give more cause for the Fed to hike rates again and could spark a sell-off in equities. Featured: Trump Just Gave the Green Light to Rewrite Social Security? (Ad) 
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Flying vehicles are no longer exclusive to movie screens and the Jetsons. They are no longer science fiction but rather quickly becoming a reality. Profits or even revenues, on the other hand, still reside firmly in the realm of fantasy. Flying vehicles are technically called electric vertical tak... Read the Full Story |
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Technology infrastructure is a vast category encompassing hardware and software components that support and optimize the delivery and utilization of information technology (IT) services. Companies in this category can provide hardware, including servers, storage, and networking equipment to softwa... Read the Full Story |
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Stocks | | | Shares were mixed Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%. Benchmarks fell in Tokyo, Seoul and Hong Kong but rose in Shanghai, Sydney and Taiwan. Rapidly rising yields in the bond market that have been pressuring s... Read the Full Story |
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Stocks | | | Wall Street racked up more losses Friday to close out its worst week in a month.The S&P 500 fell 1.3% for a fourth straight drop. The Dow Jones Industrial Average sank 286 points, or 0.9%, and the Nasdaq composite tumbled 1.5%.The stock market has been struggling under the weight of the bond mar... Read the Full Story |
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Retail department store chain Kohl’s Co. (NYSE: KSS) could be an end-of-year turnaround story for 2023. The company had disastrous earnings in the last quarter of 2022 heading into the new year. Kohl’s was bogged down with bloated inventory and a miscalculated product mix as the compan... Read the Full Story |
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Earnings season is ramping up, with many companies already coming in ahead of expectations in what will be an eagerly watched couple of weeks. Investors will have a lot to chew on as companies report. For example, the S&P 500 index has been trending down since August, so a strong season is nee... Read the Full Story |
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Stocks | | | The yield on the 10-year Treasury has reached 5% for the first time since 2007. That matters for everyone, not just Wall Street. Treasury yields have been climbing rapidly, with the 10-year yield rallying from less than 3.50% during the spring and from just 0.50% early in the pandemic. Monday mornin... Read the Full Story |
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Stocks | | | Shares skidded Thursday in Asia after Wall Street tumbled as bond yields tightened their chokehold. U.S. futures slipped and oil prices also fell after some of the most influential U.S. companies turned in mixed profit reports. Tokyo’s Nikkei 225 sank 2.1% to 30,628.04 and the Kospi in Seoul decline... Read the Full Story |
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Markets | | | Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.Crude prices rose sharply in early 2022 with Russia's invasion of Ukraine and are hovering around $90 per barrel after... Read the Full Story |
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Shares of Chevron Corp. (NYSE: CVX) gapped down hard on October 23 after saying it would buy fellow S&P 500 component Hess Corp. (NYSE: HES) in an all-stock deal valued at $53 billion.
Under terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share.
... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Ovintiv Inc., together with its subsidiaries, explores, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States and Canada. The company operates through USA Operations, Canadian Operations, and Market Optimization segments. Its principal assets include Permian in west Texas and Anadarko in west-central Oklahoma; and Montney in northeast British Columbia and northwest Alberta. In addition, the company's upstream assets comprise Bakken in northwest North Dakota, and Uinta in central Utah; and Horn River in northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado. | | View Today's Stock Pick |
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