Good MorningEquity markets retreated last week following a hawkish fed statement. The FOMC indicates interest rates will remain higher for longer confirming that a new normal is in place. This normal includes high inflation and high interest rates, neither of which is expected to change soon . The next move for the Fed is a probable rate hike.
Oil continues to be a threat to the market. The oil price rose to another new high, and the bulls target $100 per barrel. In this scenario, inflation will accelerate and keep the Fed’s foot on the brakes regardless of whether they hike rates again. As it is, the market expects rates to remain at or above current levels until mid 2024, which may be optimistic. OPEC and Russia have the oil market tilted in favor of higher prices. Featured: Trump’s treachery (Ad) 
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Value-conscious investors look for stocks trading at or near 52-week low prices, which can be a powerful 'potential' bottoming indicator. Fifty-two weeks is one trading year, roughly containing 252 trading days. Hence, investors can also use the 200-day moving average to reference a stock's value ... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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That's why Jack Carter and I pulled back the curtain to reveal how we've been able to nail in a 96% win rate in the same window the market lost 11 trillion dollars in value. | | | We also revealed how you can find and execute these setups on your own without any help at all. |
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The market had one of its worst weeks of the year, as the SPDR S&P 500 ETF Trust (NYSE: SPY) tumbled almost 3% lower. The selloff swept the market last week after the Federal Reserve signaled that interest rates will likely stay higher for longer than previously anticipated.
The market ... Read the Full Story |
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Markets | | | Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. The increase also complicates the global fight against inflation and feeds Russia's war chest. That poses problems for politicians as well as the people having to spend more to get to work, ... Read the Full Story |
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Stocks | | | Wall Street wheezed to more losses Friday as it limped to the finish of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall Street's growing underst... Read the Full Story |
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As a monitoring platform for cloud-based apps, Datadog Inc (NASDAQ:DDOG) has tremendous long-term growth potential tied to enterprise digital transformations, data analytics and cybersecurity — and its stock is trading 56% below its November 2021 peak. These two reasons alone make it a compe... Read the Full Story |
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From Our PartnersJeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%...
Just did a demo of what Nvidia’s CEO said will be "the first multitrillion-dollar robotics industry." | | | Click here to watch the demo… |
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IBM (NYSE: IBM), or Big Blue as it's known on Wall Street, is the tech giant that people love to hate. Despite holding one of the longest track records of all currently publicly traded tech companies out there, having IPO'd before the moon landing, its shares have built up a nasty reputation for t... Read the Full Story |
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Stocks | | | Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy.Japan's benchmark Nikkei 225 index slipped 0.6% in morning trading to 32,469.85. Australia's S&P/ASX 200 dipped 0.5% to 7,042.50. South Korea's Kospi dropped nearly 1.0% to 2,... Read the Full Story |
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Markets | | | California will let insurance companies consider climate change when setting their prices, the state's chief regulator announced Thursday, a move aimed at preventing insurers from fleeing the state over fears of massive losses from wildfires and other natural disasters.Unlike other states, Californi... Read the Full Story |
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Markets | | | Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at persuading insurers to continue doing business in the nation's most populous state.Seven of the 12 larg... Read the Full Story |
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KB Home (NYSE: KBH) is selling off on a narrowing margin and FOMC hawkishness, but don't be fooled. The sell-off has shares down 16% from their highs, and they may go lower, but this is good news for investors. Despite the Fed's stance of "higher for longer," or perhaps because of it, the market i... Read the Full Story |
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Monday's Early Bird Stock Of The Day RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations. This segment also designs, produces, and supports cabin interior, including oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; battlespace, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for U.S., foreign government, and commercial customers. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia. | | View Today's Stock Pick |
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