Good MorningEquity markets closed out a mixed week on a sour note, falling more than 1.0% on Friday. The move was driven by concern inflation was still running hot and that the FOMC would sound hawkish at this week's meeting. The latest round of inflation data included the CPI and PPI, which both showed unexpectedly large accelerations compared to the prior month and year. The risk is that this data and the rise in oil prices will push the FOMC into another series of interest rate hikes.
The S&P shows signs of resistance at a critical level. That level is the range of 4,440 and the all-time high, and it may be a barrier the S&P 500 can not pass. Even without another interest rate hike, the FOMC will keep rates higher for longer, which is a significant economic threat. The longer rates remain high, the deeper the impact on activity, although that is the point. Activity at the current levels is sustaining high inflation levels, and the FOMC can't sit idly by and let it happen. Featured: Watch over my shoulder as I place live trades (invitation) (Ad) 
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If you had to name the S&P 500 stock that’s expected to grow revenue by 151% this year, would you have named casino operator Las Vegas Sands Corp. (NYSE: LVS), or AI titan Nvidia Corp. (NASDAQ: NVDA)?
As you can tell by that question, Wall Street has a positive view of Las Vegas Sands, ... Read the Full Story |
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From Our Partners | | Bitcoin is back at new all-time highs.
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By now, it is no secret that Asia's powerhouse is making its way out of contractions and setting those who were - and are - brave enough to invest in it for success.
China is giving markets several selling points about its next boom, making its undervalued equities an attractive place to invest t... Read the Full Story |
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Growth comes better in pairs, or in this case, in trios. Investors have a rare chance to invest in what could be called the perfect trifecta of undervalued quality.
Just like Warren Buffett paid what was a 'premium' price for Coca-Cola (NYSE: KO) back in his day, the modern-day version of this in... Read the Full Story |
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Stocks | | | Wall Street capped a choppy week of trading with a broad slide for stocks Friday, giving the S&P 500 its second losing week in a row. The benchmark index fell 1.2%, its first loss in three days. The Dow Jones Industrial Average dropped 0.8% and the Nasdaq composite gave back 1.6%. U.S. automaker... Read the Full Story |
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Markets | | | Shares of U.K. chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years.The shares opened at $56.10 on the Nasdaq Thursday after having been priced at $51. They closed at $63.59, giving Arm a market value of $68 bill... Read the Full Story |
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From Our Partners | | During last month’s historic market swings, most investors panicked. But a small group of traders calmly watched their accounts grow.
They were using Professor Jeff Bierman’s “Genesis Cog” system to spot stocks being hijacked by institutional algorithms—before the moves happened. | | See how they used this strategy to profit during extreme volatility. |
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Markets | | | Asian shares mostly declined in cautious trading Tuesday ahead of the Federal Reserve’s looming decision on interest rates.Japan's benchmark Nikkei 225 dropped 1.1% in morning trading to 33,177.75. Australia's S&P/ASX 200 lost 0.5% to 7,192.40. South Korea's Kospi edged down 0.3% to 2,568.12. Ho... Read the Full Story |
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Markets | | | The average long-term U.S. mortgage rate edged up this week, pushing up borrowing costs for prospective homebuyers already facing a housing market limited by a dearth of homes for sale and rising prices Read the Full Story |
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Apple's (NASDAQ: AAPL) iPhone 15 event has come and passed, leaving the market with several updates to ponder. The event included updates to the iPhone, the Watch, Airbuds, and other Apple products and should help drive the next upgrade cycle. The question is if the coming cycle will be enough to ... Read the Full Story |
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Markets | | | The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike, as concerns about inflation persist and the ruble continues to struggle against the dollar. The increase comes as annualized inflation rose in September to 5.5... Read the Full Story |
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The homebuilders and Lennar (NYSE: LEN) have rallied higher in 2023, defying the odds despite a slowdown in the housing market. While there have been reasons to believe the industry was heading towards a cliff, the results continue to tell a different tale. Within the Q3 results are signs of stren... Read the Full Story |
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Monday's Early Bird Stock Of The Day Premier, Inc., together with its subsidiaries, operates as a healthcare improvement company in the United States. It operates in two segments, Supply Chain Services and Performance Services. The Supply Chain Services segment offers its members with an access to a range of products and services, including medical and surgical products, pharmaceuticals, laboratory supplies, capital equipment, information technology, facilities and construction, and food and nutritional products, as well as purchased services, such as clinical engineering and workforce solutions. This segment also provides the ASCENDrive programs for members to receive group purchasing programs, tiers, and prices; SURPASS Performance Group services; and STOCKD, an e-commerce platform, as well as direct sourcing business; SaaS informatics products; supply chain co-management services; purchased services contracts; direct sourcing solutions; and supply chain resiliency programs. The Performance Services segment provides technology and services platform with offerings that help optimize performance in three main areas, including clinical intelligence, margin improvement, and value-based care under the PINC AI brand; third party administrator services and management of health benefit programs under the Contigo Health brand; and digital invoicing and payables services that offers financial support services to healthcare product suppliers and service providers under the Remitra brand. The company was incorporated in 2013 and is based in Charlotte, North Carolina. | | View Today's Stock Pick |
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