Good MorningEquity markets wavered for the 5th consecutive trading day on Tuesday as participants waited on critical inflation data. The latest read on the PCE price index is due Thursday and will lead the market to its next move. The data is expected to cool compared to the prior month and previous year, confirming the idea the FOMC is done raising rates. The question is if the data will indicate higher rates for longer or point to the first interest rate cuts since 2020.
Another cause for market concern is OPEC+. The cartel is set to meet again on Thursday and is expected to confirm additional production cuts. The cartel is working hard to keep the supply/demand imbalance tilted toward higher prices but non-OPEC production continues to rise. If the cartel is successful with its plans it could underpin inflation and keep the FOMC in a hawkish position regardless of the PCE Data. Featured: Disturbing Truth About Biden's New Program To Seize Your Cash (InvestorPlace) 
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With the November rally in the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), a number of large-cap stocks are in buy range. Among those names are three large companies that are not S&P 500 components: Li Auto Inc. (NASDAQ: LI), MongoDB (NASDAQ: MDB) and Novo Nordisk A/S (NYSE: NVO).
In 2023, la... Read the Full Story |
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Johnson & Johnson (NYSE: JNJ), Gilead Sciences Inc. (NYSE: GILD) and Bristol Myers Squibb Co. (NYSE: BMY) are among healthcare sector dividend-payers trading at low valuations relative to their earnings.
Amid forecasts of a possible economic slowdown and market pullback, hea... Read the Full Story |
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Stocking stuffers are small, inexpensive presents that help to complete the holiday, so for this screen, the focus was on inexpensive stocks. Inexpensive means a low P/E multiple relative to the S&P 500 (NYSEARCA: SPY), but it doesn’t mean cheap. Each stock on this list is a quality divi... Read the Full Story |
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Markets | | | Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99.Berkshire Hathaway said in a statement that Munger’s family told the company that he died Tuesday morning at the hospital just over a month before his 100th ... Read the Full Story |
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SharkNinja Inc. (NYSE: SN) started as a quirky outfit hawking products via infomercials. Today, the company has become a consumer appliance and home goods powerhouse. It's also a member of the consumer discretionary sector.
SharkNinja has grown its portfolio of vacuums, blenders, fryers, cookware... Read the Full Story |
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E-health and wellness platform operator Hims & Hers Inc. (NASDAQ: HIMS) reported a stellar quarter of growth. The company has expanded its medical offerings well beyond offering discrete erectile dysfunction (ED) medication and sexual health products.
Today, the platform is a comprehensive te... Read the Full Story |
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Markets | | | The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates.The Paris-based Organization for Economic Cooperation and Development estimated Wednesday that international gro... Read the Full Story |
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Markets | | | It's not just you. Across the U.S., prices at the pump have felt milder in recent months.Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross, spokesperson for motor club AAA, said Tuesday.As of Tuesday, the national average for gas pri... Read the Full Story |
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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 | | | Sweden's economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country.Data released Wednesday by Statistics Sweden showed that the country's gross domestic product declined by 0.3% in the period ending in October.“The GDP dec... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It is also involved in the provision of retail deposit accounts, including certificates of deposit, money market accounts, and high-yield savings accounts; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware. | | View Today's Stock Pick |
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