Good MorningEquity markets reversed course on Wednesday, ending a steady string of advances with a 1.5% decline. The move was driven by fear the Fed would not cut rates early in 2024 but would hold off until mid-year or later. The latest CPI report showed inflation cooler than before but holding steady near double the FOMC 2.0% target, a level inconsistent with the idea of interest rate cuts. The November PCE Index is due on Friday and may confirm stabilizing inflation at a higher-than-normal rate, a scenario sure to keep the FOMC in a hawkish stance for the next few meetings.
The S&P 500 is unlikely to move higher without a significant change in the outlook. The PCE data could do it, but it may take more than one data point to sway the Fed. This means high-interest rates and their impact on housing and consumer markets will remain in place. With the outlook for S&P 500 earnings growth in a quick retreat, it is likely the market will enter another correction in the first half of 2024 and could shed 10% to 20% before it is through. Featured: Watch This Robotics Demo Before July 23rd (Ad) 
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United States Steel (NYSE: X) was once a more important American company than it is today, having been a Dow component until 1990. But it's back in the headlines after Japan's Nippon Steel Corp. (OTCMKTS: NPSCY) said it would acquire the company for $14.1 billion.
That beat out an earlier bid fro... 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big numbers, with strong gains for stocks and even more fantastic flights for crypto, it was one shrinking number that superseded all.Inflation, the scourge of the global economy, moderated this year.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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Most stock call option contracts lose money upon expiration. They expire worthless. If you buy an out-of-the-money (OTM) call option because you believe a stock will rise in value, chances are high that you will lose most or all of your investment by options expiration. Options players t... Read the Full Story |
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Stocks | | | As year-end swiftly approaches, it's time to reflect on the year that was. 2023 will be remembered as the year of not just one standout catalyst but many. Notably the rise of Artificial Intelligence (AI), ongoing geopolitical tensions and conflicts, rising interest rates, and the Federal Reserve's b... Read the Full Story |
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Investors who own Pfizer Inc. (NYSE: PFE) may have expected 2023 to be what football teams call a "rebuilding year." The company shifted its focus away from COVID-19 drugs and toward potential deals, share buybacks, and new treatments in its pipeline.
While rebuilding years are often messy, Pfize... 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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Ubisoft Entertainment SA (OTCMKTS: UBSFY) is a video game publisher and developer headquartered in France. The computer and technology sector company is well-known for its popular iconic video game series like Assassin's Creed, Ghost Recon, Just Dance, The Crew, Rainbow Si... Read the Full Story |
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Markets | | | Asian shares fell Thursday after Wall Street hit the brakes on its big rally following disappointing corporate profit reports and warnings that the market had surged too far, too fast.U.S. futures rose while oil prices dipped as data showed an unexpected increase in U.S. inventories.Tokyo’s Nikkei 2... 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 | | | Turkey’s central bank hiked its key interest rate by 2.5 percentage points on Thursday as part of its efforts to combat high inflation that has left many households struggling to afford rent and essential items.The bank's Monetary Policy Committee raised its benchmark rate to 42.5%, delivering its s... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Rail Vision Ltd. designs, develops, assembles, and sells railway detection systems for railway operational safety, efficiency, and predictive maintenance in Israel. The company's railway detection systems include various cameras, such as optics, visible light spectrum cameras (video), and thermal cameras that transmit data to a ruggedized on-board computer that is designed to be suitable for the rough environment of a train's locomotive. It offers main line systems for the safety of train operations, prevention of collisions, and reduction of downtime; railway detection system for passengers and freight trains; shunting yard systems for shunting operations; and light rail vehicle systems for detecting and classifying obstacles. The company also provides rail vision big data services, as well as maintenance and predictive maintenance systems; and geographic information systems for mapping and updates. Rail Vision Ltd. was incorporated in 2016 and is headquartered in Ra'anana, Israel. | | View Today's Stock Pick |
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