Good MorningEquity markets continue to diverge from oil prices, with the S&P 500 moving up to set another new high for the year and oil prices falling to the lowest in months. The moves were driven by an as-expected CPI report, which has equity traders hoping for the first interest rate cuts to come soon and oil markets scared higher-for-longer will impact demand and lead to recession. The takeaway is that enough uncertainty remains for either outcome to be accurate; the question now is which market has it right and what the truth will mean for the economy and stocks when it becomes known.
The CPI data was as expected and confirms cooler inflation, but inflation remains hot and double the Fed's target at the core level. The data suggests inflation will continue to trend lower and lead to the coveted soft landing, but there is a risk that the FOMC will act too soon. Letting the market think that rate cuts are indeed on the way would be a catalyst to drive demand, keep inflation running hot and keep interest rates higher for longer than the market is pricing. With OPEC+ trying hard to keep oil prices higher, it won't take much to get that market into gear and underpin another surge in prices. Featured: Elon’s big $266,000 per second purchase (Ad) 
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Aerospace | |
The space industry is expected to grow from around $385 billion in 2022 to between $1 trillion and $3 trillion by 2040. Not surprisingly, many investors are looking for opportunities to get involved in this fast-growing sector. Rocket Lab USA Inc. (NASDAQ: RKLB) is a small, publicly-traded company... Read the Full Story |
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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 |
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Consumer Discretionary | |
With its shares still recovering from a brutal Q3 sell-off, not to mention that of 2022, analysts have been coming out strong on Nike Inc (NYSE: NKE) ahead of its earnings later this month. Rating a stock a buy ahead of any quarterly report can be a risky business, as the market's reaction tends t... Read the Full Story |
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Construction | |
They say when the FED lowers rates, bubbles almost become inevitable as cheap money races in every direction to find high-risk, high-reward investments or trades. But you are not the average investor; you actually care about building wealth, which requires low-risk, high-reward investments.
Mark... Read the Full Story |
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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 |
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Markets | |
The end of the year brings with it portfolio adjustments, window dressing and tax harvesting. This results in fund managers and investors selling their losers and buying the winners. The wash rule requires a 30-day waiting period to repurchase stocks that were sold for a capital loss. This tends t... Read the Full Story |
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Technology | |
What is a good dividend yield, exactly? When evaluating different stocks to invest in, you'll notice some pay high dividends, some pay low dividends, and others pay none.
A dividend is a portion of a company's profits returned to shareholders as income, so naturally, we'd want to search for comp... Read the Full Story |
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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. |
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Retail/Wholesale | |
Retailers have certainly had a tough time in 2023, but not all experience the same headwinds. While names like Target struggle to gain traction, others outperform their estimates and grow. Even in cases where revenue is down compared to last year, cash flow remains strong, providing a lever for in... Read the Full Story |
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Technology | |
Artificial intelligence (AI) has fueled impressive gains for many investors in 2023. But as we get ready to usher in a new year, some analysts and investors wonder if artificial intelligence is a bubble. One reason for their concern is the number of companies that mentioned AI during the second qu... Read the Full Story |
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Technology | |
Having delivered a strong six weeks of trading to investors, with a 15% gain since the end of October, shares of Oracle Corp (NYSE: ORCL) were being closely watched last night. The tech titan was due to release their Q2 earnings after the bell rang to end Monday’s session, and when it came t... Read the Full Story |
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Medical | |
Christmas came early for Cerevel Therapeutics shareholders courtesy of AbbVie Inc. (NYSE:ABBV).
Last week, AbbVie announced a plan to acquire the Massachusetts-based biotechnology company in an all-cash deal worth $8.7 billion. Cerevel, which specializes in treatments for brain diseases, finishe... Read the Full Story |
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Energy | |
The iconic Hess Corporation (NYSE:HES) toy truck isn’t the only thing on sale this holiday shopping season.
Shares of the U.S. oil and gas producer fell nearly 5% to $134.50 last week even as the S&P 500 rose for the sixth straight week. The downturn is significant because it puts Hess ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, flat screen television, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 2,100 company operated retail moving stores and 21,100 independent U-Haul dealers. As of March 31, 2022, it had a rental fleet of approximately 186,000 trucks, 128,000 trailers, and 46,000 towing devices; and 1,844 self-storage locations with approximately 876,000 rentable storage units. The company's Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. The company's Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. AMERCO was founded in 1945 and is based in Reno, Nevada. | | View Today's Stock Pick |
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