Good MorningEquity markets extended their rebound another day, lifting the S&P 500 by 0.5% on Tuesday. The move was driven by intensifying hope that the FOMC would cut interest rates soon, a hope that may take the broad market index to a new high. The index is on track to hit and exceed the all-time before the end of the year and could produce a solid Santa Claus Rally next week. The caveat for investors and traders is that the FOMC may not cut rates as quickly as hoped, and data that could alter the outlook is due this week.
This week's release of November inflation data will help push the S&P into its next move, setting new all-time highs or topping out. The market expects the PCE data to show cooler inflation than last month and year and may be disappointed with the results. The CPI index showed inflation holding steady and at levels well above the Fed's target rate, which should be expected from the PCE. The takeaway is that inflation is cooling but still running hot compared to the 2.0% target rate and will keep the FOMC in a hawkish stance for the foreseeable future. Featured: Jeff Bezos’ honeymoon humiliation (Ad) 
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Have you noticed how most businesses, namely retail and car dealerships, like Ralph Lauren (NYSE: RL) and Carvana (NYSE: CVNA), have been upping their email marketing campaigns to include company-wide discounts and promotions to get their inventories moving? There's a reason behind priming custome... Read the Full Story |
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It is no secret that technology stocks outperformed for most of 2023 despite fears of a coming recession brought on by the FED's hawkish stance and their aggressive interest rate hikes. Gaps become clear when comparing the Technology Select Sector SPDR Fund (NYSEARCA: XLK) and its performance agai... Read the Full Story |
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Stocks | | | In a year full of big numbers, with strong gains for stocks and even more fantastic flights for crypto, it was one shrinking number that superseded all.Inflation, the scourge of the global economy, moderated this year. It’s still relatively high, particularly after the many years of low inflation th... Read the Full Story |
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From Our Partners | | Tesla's About to Prove Everyone Wrong... Again
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There are many reasons to fear a correction in Wingstop Inc. (NASDAQ: WING), but investors shouldn't get ready to fly the coop. While a correction is more than due, the trajectory for growth suggests the uptrend will continue following a healthy correction, and this is a quality name in ... Read the Full Story |
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Few stocks have mimicked a rollercoaster over the years as that of Foot Locker Inc (NYSE: FL). With a chart made up of seemingly non-stop triple-digit rallies and double-digit drops, it's perhaps no surprise that, once again, Foot Locker shares are hitting the headlines. And this ti... Read the Full Story |
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Markets | | | Shares were mostly higher in Asia on Friday after several strong profit reports helped Wall Street claw back most of its sharp loss from day before. Benchmarks fell in Hong Kong and Bangkok but rose elsewhere in the region. U.S. futures fell while oil prices advanced. Japan's core inflation rate fel... Read the Full Story |
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The price action in FuelCell Energy (NASDAQ: FCEL) is down sharply following a weak report, but this could be setting up a solid buying opportunity for penny stock traders. The company's weak results are offset by business advancements that set it up for revenue growth in 2024. Among the developme... Read the Full Story |
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Markets | | | The Bank of Japan kept its longstanding easy credit policy unchanged on Tuesday, saying it will watch price and wage trends before raising its negative benchmark interest rate. The BOJ policy decision was widely expected. But investors and analysts believe the central bank is tip-toeing toward a shi... Read the Full Story |
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Markets | | | Japan's Prime Minister Fumio Kishida pledged to lead efforts to simultaneously achieve decarbonization, economic growth and energy security in Asia, an ambitious goal he set Monday at a regional climate summit attended by Southeast Asian leaders. Kishida told the summit of the Asia Zero Emission Com... Read the Full Story |
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Markets | | | Germany's economy is likely to shrink again slightly in the current fourth quarter, the country's central bank said Monday, while a survey showed business confidence retreating unexpectedly.Europe’s biggest economy contracted by 0.1% in the third quarter after growing by the same amount in the previ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments. It also offers military aircraft and helicopter systems; commercial aviation systems and aerostructures; unmanned aircraft systems; electro-optic, night vision, and countermeasures systems; naval systems; land vehicle systems; munitions, such as precision munitions for land, air, and sea applications; command, control, communications, computer, intelligence, surveillance and reconnaissance, and cyber systems; electronic warfare and signal intelligence systems; and other commercial activities. In addition, the company manufactures and sells data links and radio communication systems and equipment, and cyber intelligence, autonomous, and homeland security solutions. Further, it provides various electronic warfare and signal intelligence systems, and laser systems; armored vehicle and other platforms survivability and protection systems, artillery, and mortar systems, as well as provides various training and support services. Additionally, the company offers products and systems solutions to military, homeland security, medical instrumentation, and commercial aviation clients. It markets its systems and products as a prime contractor or subcontractor to various governments and companies. It also has operations in Israel, North America, Europe, Latin America, the Asia-Pacific, and internationally. The company was incorporated in 1966 and is based in Haifa, Israel. | | View Today's Stock Pick |
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