Good MorningEquity markets rebounded on Tuesday following Monday's plunge after CPI data came in as expected and increased expectations for the Fed to hike rates by only 25 basis points at the next meeting. The CPI data shows cooling, but its quality is dubious as inflation remains hot and core inflation accelerated compared to the previous month. In this light, the FOMC should not be expected to let up on economic pressure, even with signs of distress in the financial sector. It is those signs of distress the FOMC needs to see to know its policies are working. The next FOMC meeting is only a week away.
Retail sales will be the news of the day on Wednesday. Retail sales are expected to fall by -0.4% and may come below expectations. In this scenario, the outlook for retail sales and revenue in the discretionary sector will take another hit and drag the outlook for the S&P 500. As it is, the consensus for Q1 earnings has fallen below -6.0% and trending lower. Assuming analyst consensus estimates trend, as they have for the past 2 years, the S&P 500 will post negative growth for the year as well. Featured: Forget “Realistic” - This Stock Is Up 15x (Darwin) 
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While it is not the only factor to consider, the annual dividend can solidify whether a stock will benefit you financially. And among the many industry sectors to invest in, healthcare can be one of the most stable, especially regarding the dividend yield. Indeed, big dogs like Johnson & Johns... Read the Full Story >> |
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From Our PartnersThere’s a growing demand for food on the go. Enter Blendid, the maker of compact, robotic smoothie kiosks that operate 24/7 and allow brands to make more money while scaling to high-traffic locations like malls, colleges and airports.
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On February 3rd, word that activist investor Ryan Cohen took a stake in Nordstrom, Inc. (NYSE:JWN) jettisoned the stock 25% higher in heavy volume. This extended a strong start to the year for the department store.
Nordstrom shares have since declined 35% to return to mid-December 2022 leve... Read the Full Story >> |
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Markets | | | The European Union moved closer to ending a trade dispute with U.S. President Joe Biden on Wednesday following months of wrangling over the billions of America-first incentives in his clean technology plans and said it would ramp up a similar subsidy-laden effort at home.European Commission Presiden... Read the Full Story >> |
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From Our PartnersLithium may have grabbed the headlines as a key material in building electric vehicles (EVs). But so is copper. And copper's importance in the new green economy goes far beyond EVs. Copper is critical in building wind turbines and solar panels. It's key to power lines and upgrading the national grid. Analysts say we're facing a 10-million-ton shortfall if new copper mines are not found. | | | | See How You Can Benefit From New Copper Discoveries. |
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GitLab (NASDAQ: GTLB) fell more than 30% at the open due to weaker-than-expected guidance, but the analysts have come out to defend the stock. While the guidance was weak, it was only moderately weak, and at least one analyst thinks the outlook is cautious. Evidence within the Q4 results shows mom... Read the Full Story >> |
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Markets | | | Officials say Lebanon's Central Bank chief has again been charged with corruption, this time after he failed to show up for questioning before a European legal team visiting Beirut in a money-laundering probe linked to the governor Read the Full Story >> |
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Markets | | | The Toyota Prius, which has become synonymous with hybrid cars the past 20 years, is fresh off a full redesign for 2023. The prior generation’s oddball styling, quirky interior and feeble powertrain are now in the rearview mirror. The new Prius now features an attractive look, a sleeker interior and... Read the Full Story >> |
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Markets | | | The Toyota Prius, which has become synonymous with hybrid cars the past 20 years, is fresh off a full redesign for 2023. The prior generation’s oddball styling, quirky interior and feeble powertrain are now in the rearview mirror. The new Prius now features an attractive look, a sleeker interior and... Read the Full Story >> |
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Markets | | | Mike Pence and Bernie Sanders are hardly political allies.But in the aftermath of two large bank failures, the conservative former vice president and the democratic socialist senator are striking remarkably similar tones. Pence, a Republican, bemoaned that “we live in a world where certain political... Read the Full Story >> |
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Retail department store chain Macy’s Inc. (NYSE: M) stock spiked on its Q4 2022 earnings beat and subsequent guidance raise for full-year 2023. The headline numbers were impressive. Retailers have suffered from normalization and margin compression amidst a pullback in consumer discretionary ... Read the Full Story >> |
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Avid Bioservices Inc. (NASDAQ: CDMO) is a contract development and manufacturing organization (CDMO) that specializes in producing monoclonal antibodies, biologics, and novel proteins for biotech, healthcare, and pharmaceutical companies. Monoclonal antibodies were a hot topic of discussion during... Read the Full Story >> |
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The Early Bird Stock Of The DayWednesday: Stock With Upcoming Ex-Dividend Paramount Global operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through the following segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, and CBS Films, as well as the company's digital streaming services, CBS All Access and CBSN. The Cable Networks segment includes Showtime Networks, CBS Sports Network, and Smithsonian Networks. The Publishing segment manages Simon & Schuster's consumer book publishing business with imprints such as Simon & Schuster, Pocket Books, Scribner, and Atria Books. The Local Media segment handles CBS Television Stations and CBS Local Digital Media, with revenues generated primarily from advertising sales and retransmission fees. The company was founded by Sumner Murray Redstone in 1986 and is headquartered in New York, NY. | | View Today's Stock Pick |
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