Good MorningEquity markets began the week on uncertain footing as investors look ahead to what December will bring. The S&P 500 hugged the flat line throughout the day, leaving the markets slightly lower at the session's end. The cause for concern includes the OPEC+ decision on production targets, which was delayed from last week, and the October reading of the PCE price index. OPEC+ is expected to reduce production to support oil prices, and the PCE index is expected to cool. While one new byte is expected to cap gains in equity markets, the other could spur the market to new heights. In either case, investors should not chase prices and be prepared for volatility.
The question on everyone's mind is if Santa Claus will bring a rally to town this year. The Santa Claus Rally traditionally starts a week or two before the Christmas Holiday and tends to leave equity markets higher at the end of December. This is more true in election years when pre-election positioning helps to lift equities. If Santa Claus does bring a rally to town, the S&P 500 could end the year at a record high.
Featured: "This Could be the Biggest Stock Story of 2023" (Chaikin Analytics) 
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What a year November has been; that's right, a single month felt like a whole year for some investors, who saw the S&P 500 run up more than 10.0% while the VIX crashed from above 22.0% to its lowest point since 2019. This may make you feel like you missed the boat, but don't give up.
There is... Read the Full Story |
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Generic and specialty pharmaceutical company Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) stock has underperformed for nearly a decade. The company has finally settled over 99% of its Opioid and price-fixing litigation in the United States. As a member of the medical sector, the focus is now b... Read the Full Story |
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The Chinese electric vehicle (EV) maker Li Auto Inc. (NASDAQ: LI) distinctly stands out from its peers Nio Inc. (NYSE: NIO) and Xpeng Inc. (NASDAQ: XPEV) because it's profitable. Profits and EVs seem to be two words that rarely belong in the same sentence. As a member of the Auto/Tires/Trucks sect... Read the Full Story |
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From Our PartnersMarc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. | | | | Learn more here. |
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Upwork. Inc. (NASDAQ: UPWK) has been pursuing its goal of being the world's preeminent destination for artificial intelligence (AI) related talent and freelance work. The business services sector company is directly capitalizing on the AI trend to help it achieve sustained GAAP profitability. Comp... Read the Full Story |
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Having traded in a tight, but mostly upwards, trend for the past couple of months, investors in Autodesk Inc (NASDAQ: ADSK) got a small pre-Thanksgiving surprise last week. And not the good kind. On Wednesday morning, the team at Piper Sandler downgraded the architectural softw... Read the Full Story |
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From Our PartnersInvestors are making an absolute killing on select small-cap lithium stocks as EV sales continue to break records. But what's the best one to buy now? Here's a tiny, unknown 30-cent lithium exploration firm that just secured a US$90M boost. | | Check out our free report here. |
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Markets | | | Asian shares were mixed Wednesday after a strong report on U.S. consumer confidence and hopes the Federal Reserve is finished with its aggressive interest rate hikes sent shares higher on Wall Street. Japan's benchmark Nikkei 225 added 0.1% in morning trading to 33,450.32. Australia's S&P/ASX 20... Read the Full Story |
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Markets | | | Shares were mixed in Asia on Tuesday after Wall Street benchmarks edged lower as investors waited for updates on inflation and how American consumers are feeling about the economy. Tokyo and Hong Kong fell while Shanghai, Seoul and Sydney gained. On Tuesday the Conference Board will issue its latest... Read the Full Story |
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Markets | | | Among the many challenges small businesses face as they try to grow these days, getting a loan is right near the top.Banks big and small have tightened lending standards as the Federal Reserve hiked up interest rates the past two years. The collapse of three regional banks this spring and the possib... Read the Full Story |
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Markets | | | German Chancellor Olaf Scholz vowed Tuesday that his government will work “as fast as possible” to solve a budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy and modernizing the struggling economy after a court decision struck down billions in plann... Read the Full Story |
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Markets | | | German Chancellor Olaf Scholz on Friday promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year and threatened to disrupt spending on efforts to fight climate change and cushion the impact of high energy prices caused by Russia'... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Gildan Activewear Inc. manufactures and sells various apparel products in the United States, North America, Europe, Asia-Pacific, and Latin America. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sports shirts under the Gildan, Gildan Performance, Gildan Hammer, Glidan Softstyle, Gildan Heavy Cotton, Gildan Ultra Cotton, Gildan DryBlend, Gildan HeavyBlend, Comfort Colors, and American Apparel brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks under the Gildan, Under Armour, GoldToe, Signature Gold by Goldtoe, Peds, MediPeds, All Pro, and GoldTeo Edition TM brands. In addition, it provides men's and boys' underwear products, and ladies panties under the Gildan and Gildan Platinum brands. The company sells its products to wholesale distributors, screen printers, and embellishers, as well as to retailers and lifestyle brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada. | | View Today's Stock Pick |
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