Good MorningEquity markets plunged last week after hotter-than-expected inflation data put the fear of higher interest rates back into the market. The January read of the PCE Price Index shows inflation accelerated on a month-to-month basis as expected and accelerated versus last year. This contradicts the belief that inflation is subsiding and may lead the FOMC to hike rates by another 50 basis points at the next meeting. The risk for the market is the FOMC will do something to shock the market, such as a more aggressive than expected interest rate hike or posture at the next FOMC meeting.
The risk for the market this week is all earnings-related. The bulk of S&P 500 companies have already reported, but this week brings several reports from major retailers and a host of small and mid-cap favorites. The takeaway to date is the outlook for 2023 is deteriorating, and that trend may accelerate by the end of the week. Featured: A grave, grave error. (Ad) 
|
Markets | | |
Sometimes investors would like more choices than what’s on our dividend kings and aristocrats list.
So this week, we discussed upcoming dividend aristocratsand why investors should consider adding them to their portfolios.
But today, we are serving up the main course with these 11 sto... Read the Full Story |
|
From Our Partners | | This isn't just a war of words. This is a financial time bomb.
The escalating battle between Donald Trump and Elon Musk isn't just political theater. It's a direct threat to the stability of markets, the dollar, and your life savings.
When two of the most powerful men in America go to war, the economy loses.
And while Washington and Wall Street scramble to contain the damage, your retirement account is left exposed.
But there's one asset that has survived every crisis in history. Gold. | | Download your FREE Gold IRA Survival Guide now and discover: |
|
Markets | | |
Domino’s Pizza Inc. (NYSE: DPZ) stock is near a 52-week low after delivering a mixed earnings report on February 23. The company posted $4.43 in earnings per share (EPS). That was up nearly 10% from consensus estimates for $3.98 EPS. But revenue came in a little light at $1.39 billion as opp... Read the Full Story |
|
Stocks | | | Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both and all investors benefit from them as long as they are made at the right prices Read the Full Story |
|
|
Stocks | | | Shares in Asia were mixed Friday after Wall Street broke its longest losing streak since December with a modest rally led by tech stocks.
Benchmarks rose in Tokyo and Sydney but fell in Hong Kong, Shanghai and Seoul. Oil prices rose while U.S. futures edged lower.
Japa... Read the Full Story |
|
Markets | | |
Shares of used-car dealership Carvana Co. (NYSE: CVNA) were a wreck on February 24, trading more than 16% lower after the company reported fourth-quarter results that missed analysts’ views by a wide margin.
The company reported a $7.61 per share loss on revenue of $2.84 billion, down... Read the Full Story |
|
From Our Partners | | Every day at 10AM, a repeatable pattern sets up — and it could lead to a same-day payout by 4PM.
Traders have quietly used this setup to lock in wins during market rallies, dips, and even flat days. It’s based on one of the most consistent daily moves in the entire stock market… and now, the full blueprint is available for a limited time. | | But you can access it right here while it's still up. |
|
Markets | | |
Between the collapse in natural gas prices and the downtrend in oil, energy stocks don't look as attractive as they did back in the summer. In the meantime, one corner of the oil and gas industry is bucking the trend: product tankers.
Put, product tankers like Scorpio Tankers (NYSE: STNG) have bo... Read the Full Story |
|
Markets | | | Consumer prices in Japan jumped in January by the most in more than 41 years, the government reported Friday, adding to pressure on the central bank to adjust its longstanding ultra-lax monetary policy.
The key price indicator, which excludes volatile fresh foods, rose 4.2% last mont... Read the Full Story |
|
Markets | | | Beyond Meat on Thursday reported better-than-expected fourth quarter sales despite flagging consumer demand and lower prices.
The plant-based meat maker said its revenue fell 21% to $80 million in the October-December period. Still, that beat Wall Street's expectations. Analysts polle... Read the Full Story |
|
Markets | | | The founder of the troubled digital start-up Ozy Media pleaded not guilty Thursday to federal fraud charges accusing him of scheming to prop up his financially struggling company, which hemorrhaged millions of dollars before it shut down amid revelations of possibly deceptive business practices.
... Read the Full Story |
|
Markets | | |
Rocky Brands (NYSE: RCKY) is not a flashy name nor a wicked hot growth story. It is a solid, blue-chip quality small-cap player in the footwear industry with a safe and attractive dividend. The company suspended the payout for a single quarter during the pandemic, but core strength, the COVID rebo... Read the Full Story |
|
Monday's Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
|
