Good MorningEquity markets rebounded on Tuesday as treasury yields advanced, and better-than-expected earnings from Verizon helped calm frayed nerves. Verizon's results were mixed with revenue as expected, but profitability was better than expected, and free cash flow guidance was raised. The news sparked an 8% rise in the share price as investors scooped up the deep value and high yield the stock had to offer.
The S&P 500 gained about 1% at the session's high to reveal support at a critical level. The caveat for traders and investors is that the rebound is tepid in light of the previous correction and the outlook for PCE prices on Friday. The PCE Price Index is expected to accelerate from the prior month and reinvigorate the idea more interest rate hikes are coming. In this scenario, Tuesday's rebound is nothing more than a relief rally within a downtrend, and the downtrend will likely continue before the week is through. Featured: Limited-Time: 3 Small-Caps Tied to Today’s Biggest Trends (Ad) 
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If you look at MarketBeat's list of dividend aristocrats, you'll see a select group of publicly traded companies that have an outstanding track record of consistently increasing their dividend payouts for at least 25 consecutive years.
That list is stacked with plenty of familiar large caps, such... Read the Full Story |
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This week marks a pivotal moment in the financial world as some of the globe's most influential companies unveil their quarterly earnings reports, particularly in the technology sector.
These earnings disclosures have become a significant focal point for investors, traders, and market enthu... Read the Full Story |
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The weather is getting notably cooler as this winter is expected to be more frigid, frosty and slushy than years past, according to the Farmer's Almanac forecast. Outdoor apparel and footwear are two segments of retail that may get a boost this year as a result of the chillier weather to come. Her... Read the Full Story |
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From Our Partners | | The Tesla Shock Nobody Sees Coming
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Markets | | | Hong Kong’s leader on Wednesday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub. Chief Executive John Lee said the extra stamp duties imposed on non-resident buyers and current local homeowners looking to buy add... 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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From Our Partners | | It’s Crypto Week at the White House — and the sector is moving from fringe to full-scale adoption.
With Bitcoin hitting $123,000 and giants like BlackRock and Fidelity pouring in, one expert believes a lesser-known coin could soon be vaulted to the top — possibly even landing in the government’s digital reserve. | | See the coin positioned to win from Washington’s crypto push |
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The pandemic lockdowns accelerated the use of food delivery and takeout services. Companies like Uber Technologies Inc (NYSE: UBER), Uber Eats, Maplebear Inc. (NASDAQ: CART), Instacart and Door Dash Inc. (NYSE: DASH) reintroduced consumers to eating at home, not to mention gig work. Meal kit deliv... Read the Full Story |
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Stocks | | | World shares were mixed Wednesday after China pledged more spending to energize its economy. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and oil prices turned higher. China plans to issue 1 trillion yuan ($139 billion) in gov... Read the Full Story |
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Markets | | | Coca-Cola raised its full-year revenue forecast Tuesday after a stronger-than-expected third quarter.Atlanta-based Coke said it now expects its organic revenue will be up 10% to 11% for the year. That's up from the 8% to 9% guidance Coke announced at the end of the second quarter. Coke expects earni... Read the Full Story |
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Tech | | | Microsoft on Tuesday reported a 27% increase in profit for the July-September quarter compared to the same time last year, powered by growth in its cloud computing division where it has centered its investments in artificial intelligence.The company reported quarterly net income of $22.29 billion, o... Read the Full Story |
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Shares of 3M (NYSE: MMM) are up more than 5% in early morning trading after the company posted a double beat in its third quarter earnings report. The St. Paul, Minnesota-based company delivered revenue of $8.31 billion, which was above analysts' expectations for $7.99 billion. On the bottom line,... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day EVERTEC, Inc. engages in transaction processing business and financial technology in Latin America and the Caribbean. The company operates through four segments: Payment Services - Puerto Rico & Caribbean; Latin America Payments and Solutions; Merchant Acquiring; and Business Solutions. It provides merchant acquiring services, which enable point of sales and e-commerce merchants to accept and process electronic methods of payment, such as debit, credit, prepaid, and electronic benefit transfer (EBT) cards. In addition, the company offers payment processing services that enable financial institutions and other issuers to manage, support, and facilitate the processing for credit, debit, prepaid, automated teller machines, and EBT card programs; credit and debit card processing, authorization and settlement, and fraud monitoring and control services to debit or credit issuers services. Further, it provides business process management solutions comprising core bank processing, network hosting and management, IT professional, business process outsourcing, item and cash processing, and fulfillment solutions to merchant, fintech, financial institutions, and corporate and government customers. Additionally, the company owns and operates the ATH network, a personal identification number debit networks. It manages a system of electronic payment networks that process approximately six billion transactions. The company sells and distributes its services primarily through direct sales force. It serves financial institutions, merchants, corporations, and government agencies. EVERTEC, Inc. was founded in 1988 and is headquartered in San Juan, Puerto Rico. | | View Today's Stock Pick |
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