Good MorningEquity markets were fairly steady on Tuesday ahead of the FOMC policy announcement. The Fed isn't expected to alter policy today when it makes the announcement, but it is expected to sound hawkish. The combination of accelerating inflation and rising oil prices poses a risk for the economy that it can not let stand. Based on the data, the FOMC will likely indicate at least 1 more hike is coming this year and leave the door open to 2 or more by early 2024.
The question for investors is what to expect from the rest of the year. The economy continues to show momentum, and the consumer remains resilient, so the S&P 500 will likely return to earnings growth by year-end. The caveat is that the growth outlook continues to be hampered, which may weigh on price action until the Q3 reporting cycle begins in 3 weeks. As it is now, the S&P 500 is showing a top and looks ready to move lower, given the signal to sell.
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Emerging markets have much to offer investors in 2023 and 2024, including globe-leading growth. The emerging markets are expected to more than double their developed counterparts in 2024, and many pay dividends along with the diversification. The risks with emerging markets include political and l... Read the Full Story |
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Tesla has more than doubled this year. Meanwhile, Ford and General Motors are barely in the green. This wide disparity in stock performances isn't unique to auto manufacturers. Year-to-date returns on auto parts retailers are all also over the road.
Typically, stocks that belong to the same indus... Read the Full Story |
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Known for keeping money in consumer pockets, Savers Value Village, Inc. (NYSE: SVV) may soon be putting money in investor accounts.
North America’s biggest for-profit thrift store operator burst onto the stock market scene this summer as a unique play on the secondhand economy. The owner ... Read the Full Story |
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Markets | | | Instacart delivered in its stock market debut.The grocery delivery company's shares __ priced at $30 per share ahead of the IPO __ hit a peak of $42.95 Tuesday in the first few minutes of trading on the Nasdaq stock exchange. They finished the day up 12.3% at $33.70, giving the company a market valu... Read the Full Story |
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Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins. Wider margins mean earnings stability, if not earnings growth, supporting dividends, dividend growth... Read the Full Story |
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From Our Partners | | Gold may be surging past $3,500 — but one rare class of stocks is leaving bullion in the dust.
Gold royalties have outpaced physical gold by 150X and even outperformed Buffett’s track record by 18,200%. These companies don’t mine gold… they get paid in gold. Now, one analyst is revealing his top 3 picks. | | See the Gold Royalty Retirement Portfolio here |
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Markets | | | Instacart on Monday priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company.San Francisco-based Instacart sold 22 million shares in the IPO. Trading of the company's stock is set to begin Tuesday on the Nasdaq stock exchange under the stock s... Read the Full Story |
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Shares of the Walt Disney Co. (NYSE: DIS) finished higher the week ended September 15 on reports that it was in discussions to sell ABC and other broadcast channels.
Bloomberg reported that Disney was talking with Nextstar Media Group Inc. (NASDAQ: NXST), but the House of Mouse has not conf... Read the Full Story |
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Markets | | | For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. Jobs were plentiful, the government's financial co... Read the Full Story |
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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 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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Wednesday's Early Bird Stock Of The Day Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The company was founded in 2007 and is based in Montevideo, Uruguay. | | View Today's Stock Pick |
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