Good MorningEquity markets tried to extend last week's rally on Monday, but early gains faded by the afternoon leaving the S&P 500 flat for the day. The move was driven by hopes the economy has seen the worst of inflation and interest rates, offset by the reality that inflation is still hot and the FOMC is still on pace to hike rates. The latest data from the CME suggests another 50 basis point hike will not be coming but that the peak of interest rates could be above 5.5%. This has the average 30-year mortgage rate hovering around 7.4% and near the highest levels in over 20 years. At this level, mortgage demand is in quick retreat and has analysts downgrading the homebuilding sector.
Later this week the NFP report will move the market. The pace of employment is expected to slow to near 200,000 which is still a healthy figure; the questions that need to be answered are about unemployment, wages, and revisions to the previous month. The crucial data will be the wage data; another 4% or greater increase in wage inflation will surely keep the FOMC on track with its plans and weigh on the outlook for S&P 500 earnings. Featured: Everyone’s watching Nvidia right now. Here’s why I’m excited. (Ad) 
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Tech | | | After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.
The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making inve... Read the Full Story |
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All investors and investors dream of always buying low and selling high. Buying on the dip is a way to achieve that goal, but is it always foolproof?
Recently, Mobileye Global Inc. (NASDAQ: MBLY) fell to a January 6 low of $28.73 before rallying, and two months later, was trading 45% higher. Inve... Read the Full Story |
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Stocks | | | Stocks are rising Monday, clawing back some of their losses from Wall Street’s worst week since early December.
The S&P 500 was 0.6% higher in afternoon trading and on pace for just its second gain in the last seven days. The Dow Jones Industrial Average was up 146 points, or 0.5%... Read the Full Story |
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Texas-based biotechnology company Reata Pharmaceuticals, Inc. (NASDAQ:RETA) lulled shareholders to sleep in 2022. The news flow was light, the trading pattern sideways and volume virtually nonexistent.
Things changed in dramatic fashion last week.
On February 28th, the U.S. Food and Drug A... Read the Full Story |
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Stocks | | | Stocks steadied themselves Monday following Wall Street's worst week since early December.
The S&P 500 rose 12.20 points, or 0.3% to 3,982.24 for just its second gain in the last seven days. The Dow Jones Industrial Average gained 72.17, or 0.2%, to 32,889.09, while the Nasdaq com... Read the Full Story |
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Why do bank robbers rob banks? Because that's where the money is. There are numerous choices in the world of dividend investing. From dividend aristocrats to REITs, utilities, and consumer staples stocks, finding the right dividend stocks for your portfolio can be overwhelming. Bank stocks can be ... Read the Full Story |
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Chemical and materials maker Cabot Corporation (NYSE: CBT) may offer a buy opportunity the next time shares retreat to a key moving average, such as the 10-day, 21-day or 50-day.
Like smaller rival Orion Engineered Carbons (NYSE: OEC), mid-cap Cabot makes carbon blacks, used to improve the perfor... Read the Full Story |
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Stocks | | | Stocks are opening higher, clawing back some of the losses from their worst week since early December. The S&P 500 rose 0.8% early Monday and is on pace for just its second gain in the last seven days. The Dow and the Nasdaq also rose. Stocks have struggled in February after a strong start to th... Read the Full Story |
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Markets | | | Wall Street pointed toward gains before the opening bell Monday after last week's rout and ahead of another full slate of corporate earnings this week.
Futures for the benchmark S&P 500 rose 0.5% and futures for the Dow Jones industrials moved 0.4% higher.
Last week... Read the Full Story |
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Investors watching Mullen Automotive (NASDAQ: MULN) will know that it just partnered up with Rapid Response Defense Systems and this is good news. Rapid Response Defense Systems is a leading government contractor specializing in partnerships with small businesses. It was just awarded a new contrac... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment is involved in the designing and developing of analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment is focused on the designing and developing of CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, inclu | | View Today's Stock Pick |
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