Good MorningEquity markets advanced on Tuesday, driven by hope for cooling inflation and news from the retail sector. Private equity firms have made a joint offer to take mall-based Macy's private. The deal alleges the stock is deeply undervalued, highlighting value across the industry. Names like Kohl's and Abercrombie & Fitch also advanced on the news gaining mid to high-single digits for the day.
Today's market-moving event will be the CPI index. The index is expected to reveal that core inflation is holding steady compared to the previous month, keeping the FOMC in wait-and-see mode. The risk for traders is hotter or cooler than expected data, with the FOMC meeting set for Wednesday. The committee isn't likely to alter its policy but could begin to signal the next policy shift, which would be a bullish catalyst for the market. The S&P 500 advanced 0.4% for the session setting a new high for the year; the index is still below significant resistance targets at the current all-time high. Featured: Elon’s big $266,000 per second purchase (Ad) 
|
Consumer Staples | |
A Santa Claus rally is an upturn in the stock market in the trading week between the Christmas and New Year's holidays. In 2023, investors will be eyeing the period between December 26 and December 29 for signs of this common, but not assured occurrence.
There are many theories to explain why th... Read the Full Story |
|
From Our Partners | | Bill Poulos is offering his Smart Trade Options Checklist at no cost today - normally priced at $29.97.
It's a single-page, seven-point filter designed to help traders identify weak setups before placing any options trade. Print it, keep it at your desk, and run it before every trade. The download link expires soon. | | Download your free copy of the Smart Trade Options Checklist now |
|
Technology | |
The customer is always right when it comes to the bottom line. The key to any growing business is keeping customers happy and coming back for more. Despite uncertain macroeconomic conditions, customer relationship management (CRM) companies like Salesforce Inc. (NASDAQ: CRM) are flourishing, espec... Read the Full Story |
|
Consumer Staples | |
The J.M. Smucker Co. (NYSE: SJM) is a leading consumer packaged goods company with a family of trusted brands you may not know. It's a member of the consumer staples sector along with its competitors like General Mills Inc. (NYSE: GIS) and Conagra Brands Inc. (NYSE: CAG). Smucker operates in three... Read the Full Story |
|
From Our Partners | | Trump is launching a new $250 bill - but that may be a distraction. Behind the scenes, Executive Order 14241 is orchestrating what analyst Porter Stansberry calls a total U.S. money reset, bypassing conventional legal channels under the guise of national security.
The last time America reset its currency - under Nixon in the 1970s - it created an average of 1,300 new millionaires a day for over 50 years. Stansberry has identified three asset categories connected to Trump's initiative that could surge, plus his single top investment move. | | Watch the documentary briefing and find out which side you land on |
|
Technology | |
Cybersecurity firm SentinelOne Inc. (NYSE: S) shares have staged a full 180-degree reversal from its heartbreaking collapse at $12.32 in May 2023 to striking new 52-week highs on December 8, 2023. The company specializes in autonomous extended (threat) detection and response (XDR) solutions powere... Read the Full Story |
|
Technology | |
Project management and work collaboration software-as-a-service (SaaS) provider Asana Inc. (NYSE: ASAN) reported top and bottom line estimate beats and raised its Q4 guidance on its Q3 2023 earnings report. Investors expected a price gap up-and-go reaction to the strong report but instead were tre... Read the Full Story |
|
From Our Partners | | Bank of America just revealed your expiration date. In their Bloomberg interview, they didn't just predict the digital dollar. They gave us the timeline… 2025 to 2030. We're in that window right now.
Once the digital dollar launches, every transaction you make will be tracked. Your spending could be controlled. Your accounts could be frozen.
Over 4,500 investors have already used this legal backdoor to hold assets CBDCs can't freeze and generate yields the Federal Reserve can't touch. | | Watch how to access the legal backdoor before it closes. |
|
Markets | |
What is a blue chip company? When an asset is valuable and highly sought after, it might earn the term "blue chip." Consumers can label anything a blue chip, such as a painting from a renowned artist or a college football prospect with tremendous physical gifts.
However, the phrase "blue chip" w... Read the Full Story |
|
Finance | |
Hopefully, the name GameStop (NYSE: GME) doesn't outright send you into post-traumatic stress; if you did participate in that craze of stock during COVID-19, thank your lucky stars if you were on the right side of that trade. You see, the company may or may not have been worthy of those peak valua... Read the Full Story |
|
Retail/Wholesale | |
The retail sector has struggled over the past few years due to the COVID bubble bursting and the shift in consumer habits that have discretionary items out of favor compared to dailies and health and beauty products. Today's takeaway is that the heavily beaten-down sector provides some profound va... Read the Full Story |
|
Technology | |
Enterprise customer relationship management (CRM) software-as-a-service (SAAS) provider Freshworks Inc. (NASDAQ: FRSH) has integrated artificial intelligence (AI) into its suite of products. The company has over 60,000 business clients, including Blue Nile, Klarna, Travix and BEL USA. Companies us... Read the Full Story |
|
Consumer Discretionary | |
If Tractor Supply and Petsmart had a baby, it would be Central Garden & Pet Company (NASDAQ: CENT).
The California-based company is the country’s second-largest retailer of lawn and garden consumables. Excluding food and litter, it is also the second-largest seller of pet supplies. This... Read the Full Story |
|
Tuesday's Early Bird Stock Of The Day NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. | | View Today's Stock Pick |
|
