Good MorningEquity markets stumbled on Tuesday on mixed results from Lowe's and other retailers. The quarterly results were mixed with top-line weakness but margin strength to drive outperformance on the bottom line. Still, it was the guidance that sapped investors' confidence. The guidance points to a weaker-than-expected holiday quarter, but there is a caveat. The caveat is that weaker-than-expected guidance has been the theme in retail all year and offset by better-than-expected reality. If this trend continues, the holiday quarter shouldn't be too bad.
Other news impacting market sentiment includes the FOMC minutes. The minutes from the last meeting gave no indication that a rate cut was near, which isn't what the market wants to hear. The market is ready for the first cuts to start soon so that the housing market can get unstuck, but it could be disappointed. Although the pace of inflation is slowing it is still high, and the FOMC needs to be sure that inflation is tamed, so higher-for-longer is still the name of the game. Featured: Forget “Realistic” - This Stock Is Up 15x (Darwin) 
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The stock market is the ultimate emotional and intellectual challenge. You can develop skills beyond most people's understanding, such as making independent judgments on a situation, even if it means going against your bare instincts. Today, NVIDIA (NASDAQ: NVDA) trains that contrarian muscle in y... Read the Full Story |
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Whether Lowe's (NYSE: LOW) or Home Depot (NYSE: HD) is the better buy is pointless because both are high-quality retail names entrenched in the consumer landscape and pay great dividends. The question is, what kind of time horizon are we talking about? Each stock has different qualities to offer i... Read the Full Story |
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Markets | | | Asian shares were mostly higher on Tuesday after a rally on Wall Street led by gains in Microsoft following its announcement that it was hiring Sam Altman, former CEO of OpenAI, the ChatGPT maker. U.S. futures were higher while oil prices fell. Chinese markets were lifted by a report in the financia... Read the Full Story |
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After two years of correction and downtrend, providing ample incentive to buyers all along the way, medical device maker Medtronic (NYSE: MDT) has finally reached its bottom, and the reversal is on. The Q2 results confirm normalization in the wake of the COVID bubble and a solid trajectory for gro... Read the Full Story |
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Markets | | | Shares were mostly lower in Asia on Thursday after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain. Markets in Japan and the U.S. are closed Thursday for holidays. Oil prices fell about $1 a barrel after OPEC postponed until next week a meeting to disc... Read the Full Story |
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Markets | | | As soon as Leandro Francisco Diana woke up Tuesday, he reached for his phone like many Argentines on the first business day after the election victory of President-elect Javier Milei.“I opened my eyes, got my phone and looked for the price of the dollar to see how the country had awakened,” said the... Read the Full Story |
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Markets | | | Shares slipped in Asia on Wednesday, tracking a decline on Wall Street a day after stocks there hit their highest level since the start of August. Tokyo and Mumbai advanced while most other major markets declined. U.S. futures were little changed and oil prices edged lower.Trading is tapering off ah... Read the Full Story |
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Markets | | | Inflation has reached its lowest point in 2 1/2 years. The unemployment rate has stayed below 4% for the longest stretch since the 1960s. And the U.S. economy has repeatedly defied predictions of a coming recession. Yet according to a raft of polls and surveys, most Americans hold a glum view of the... Read the Full Story |
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The recent third-quarter financial report for Lowe's Companies (NYSE: LOW) has unfurled a complex web of financial triumphs and challenges. Despite exceeding market projections, Lowe's faced a drop in total revenues, starkly contrasting with anticipated figures. This stumble was magnified by a sta... Read the Full Story |
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It was a fast roller coaster ride for Microsoft Corp. (NASDAQ: MSFT) in a story still developing: OpenAI fired CEO Sam Altman on November 17. However, by November 20, he had a new gig running an AI unit at Microsoft.
Co-founder Greg Brockman joined Altman at Microsoft, and a reported 70... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Strategic Education, Inc., through its subsidiaries, provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills. The company operates through U.S. Higher Education, Australia/New Zealand, and Education Technology Services segments. It operates Strayer University that offers undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration at physical campuses located in the eastern United States, as well as through online; non-degree web and mobile application development courses through Hackbright Academy and Devmountain; and MBA online through its Jack Welch Management Institute. In addition, the company operates Capella University that provides post-secondary education; Torrens University, which offers undergraduate, graduate, higher degree by research, and specialized degree courses primarily in business, design and creative technology, health, hospitality, and education fields through online and on physical campuses located in Australia; Think Education, a vocational training organization; and Media Design School, which provides industry-endorsed courses in 3D animation and visual effects, game art and programming, graphic and motion design, digital media artificial intelligence, and creative advertising in New Zealand. It also offers Workforce Edge, a platform to employers that provides education benefits administration solutions; and Sophia Learning, which enables lower cost education benefits programs. Strategic Education, Inc. was founded in 1892 and is headquartered in Herndon, Virginia. | | View Today's Stock Pick |
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