Good MorningEquity markets advanced on Wednesday following a cooler-than-expected CPI report. The CPI report was cooler than expected on a month-to-month and YOY basis and at the headline and core levels, spurring the index to advance roughly 1.0% at the high of the day. The bad news is that CPI is still hot relative to the Fed's target and did little to alter the outlook for interest rates. The data caused the odds for a 25 basis point hike to increase to near 100%.
The S&P 500 advanced on Wednesday, but resistance has slowed the index's advance. The next target for strong resistance is near 4,600, which might be reached within the next few weeks. The risk for the market is that the July Fed meeting or the Q2 earnings reporting cycle could cap gains. The EPS outlook continues to deteriorate, and additional interest rate hikes will do little to alter the trend. Featured: Trump’s treachery (Ad) 
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Suppose you’re looking for a sector that will benefit from an end to the Federal Reserve’s interest rate hiking campaign. In that case, you may look at biotech stocks, a sector filled with long-dated assets, meaning their value is sensitive to changes in interest rates.
One reas... Read the Full Story |
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From Our Partners2025 is off to a turbulent start—markets are swinging wildly, inflation pressures remain high, and recession fears are creeping back into headlines.
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Markets | | |
The market has favored the transportation and warehousing industry, vastly assigning resources to companies operating within it.
Three names stand out within the market's favorite industry: Old Dominion Freight Line (NASDAQ: ODFL), Saia (NASDAQ: SAIA) and RXO (NYSE: RXO) ... Read the Full Story |
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After trading sideways in a tight range for more than a year, the stars are finally aligning once more for Alibaba Group Holding Ltd (NYSE: BABA) stock. Shares of the Chinese e-commerce and cloud computing giant had to endure one of the more publicized slides from highs over the past two... Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
Trump fires off a tweet and stocks tank…
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Beyond Meat (NASDAQ: BYND) deserves its spot among the most shorted stocks on Wall Street, but the story is played. The company’s attempt to enter the mainstream market via fast food was a flop, but the recovery is underway. The recovery includes a focus on profitability, a renewed focus on ... Read the Full Story |
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Stocks | | | Asian shares were mostly higher on Wednesday after stocks advanced on Wall Street as investors awaited an update on U.S. inflation that will hopefully show a smaller increase in pain for everyone. Hong Kong's Hang Seng index jumped 1.3% to 18,907.36 and the S&P/ASX 200 in Australia added 0.3% to... Read the Full Story |
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From Our PartnersWith the next presidential cycle heating up and Trump leading the charge, major market shifts are already taking shape.
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Netflix (NASDAQ: NFLX) made some big changes over the last year, but the signs are good that those changes are working for the better. The combination of password-sharing initiatives and paid-subscriptions tiers has allowed the company to return to growth both in user count and operating metrics.
... Read the Full Story |
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Markets | | | Higher prices lifted PepsiCo's revenue in the second quarter but dented consumer demand, and the company said Thursday that price increases could start to moderate in the second half of this year.Snack food volumes fell 3% in the April-June period, while beverage volumes dropped 1%. Yet net pricing ... Read the Full Story |
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Markets | | | The Bank of England has warned that households across the U.K. are facing mounting problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago Read the Full Story |
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Markets | | | Bank of America must reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent Read the Full Story |
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Markets | | | Saudi Arabia has deposited $2 billion into Pakistan’s central bank, a much-needed financial boost ahead of a critical meeting of the International Monetary Fund on the new bailout package for the cash-strapped South Asian country Read the Full Story |
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Thursday's Early Bird Stock Of The Day Acasti Pharma Inc. engages in the development and commercialization of pharmaceutical products for rare and orphan diseases in Canada. The company's lead product candidate is the GTX-104, an intravenous infusion to treat subarachnoid hemorrhage. It also develops GTX-102, an oral mucosal spray for the treatment of ataxia-telangiectasia; and GTX-101, a topical bioadhesive film-forming bupivacaine spray for postherpetic neuralgia. The company was incorporated in 2002 and is headquartered in Laval, Canada. | | View Today's Stock Pick |
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