Good MorningEquity markets advanced on Monday to start the week on a positive note. The S&P 500 gained a little more than 0.60% on strength in tech, led by Google parent Alphabet. Google advanced nearly 5% after word was leaked that Apple was in talks to use its AI systems to power features on the iPhone. However, the move failed to set a new high and left the market trading beneath critical resistance ahead of the FOMC meeting.
The FOMC is set to announce the next policy move tomorrow. The FOMC is unlikely to cut rates but may indicate when to expect the first move. As it is, the market is pricing in a cut by summer but may be disappointed by the reality. Inflation remains hot and above the Fed's target with risk to the upside. Among the dangers is oil, which gained more than 2% on Monday to set a five-month high. Featured: This pro trader built a stock picking system and it’s unreal. (Create New Advertiser) 
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Electric vehicle (EV) makers have been seeing their stocks get demolished in the Auto/Tires/Trucks sector. As the hype has retreated and reality set in. Fisker Inc. (NYSE: FSR) shares have fallen into penny stock territory at 17 cents. Lucid Group Inc. (NASDAQ: LCID) is near all-time lows at... Read the Full Story |
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LifeMD Inc. (NASDAQ: LFMD) provides telehealth services to consumers in the United States. The medical sector company operates many telehealth brands, including men's telehealth brands RexMD and ShapiroMD, NavaMD female dermatology telehealth, Cleared Allergy Clinic, and LifeMD Primary Care. The c... Read the Full Story |
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Walmart Inc. (NYSE: WMT) is a retail behemoth with more than 10,600 stores worldwide in over 27 countries, accommodating nearly 255 million customers weekly. Walmart is the world's largest employer, with 2.1 million workers worldwide. It's the largest consumer discretionary sector company and the ... Read the Full Story |
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Ciena Co. (NYSE: CIEN) is a leading network and optical communications solutions provider based out of Hanover, MD. The computer and technology sector leader has been around since the dawn of the internet and its broadband evolution. The company has evolved to expand its products and services to i... Read the Full Story |
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The Honest Company Inc. (NASDAQ: HNST) provides safe, eco-friendly, sustainable, hypo-allergenic and natural baby, beauty and household products. Actress Jessica Alba founded the consumer discretionary sector company. After her first child, Alba was concerned about conventional baby products after... Read the Full Story |
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Markets | | | Troubled property developer China Evergrande Group says Beijing’s stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other violations, as it conducts a deep clean of the troubled financial sector. The company said in a release to mainland Chines... Read the Full Story |
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Markets | | | Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies.In a Monday statement, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next... Read the Full Story |
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Markets | | | Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The Bank of Japan's lending rate for overnight borrowing by banks was raised to a range of 0 to 0.1% from minus 0.1% at a policy ... Read the Full Story |
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Markets | | | The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions.The policy changes could help spur price competition for agents' services and lower the cost for sellers who now typically cover the commission for... Read the Full Story |
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Markets | | | The average Wall Street bonus fell slightly last year to $176,500, as the industry added employees and took a “more cautious approach” to compensation, New York state’s comptroller reported Tuesday.The average bonus for employees in New York City’s securities industry was down 2% from $180,000 in 20... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Dick's Sporting Goods, Inc. engages in the retailing of an extensive assortment of authentic sports equipment, apparel, footwear, and accessories. It also offers its products both online and through mobile applications. The company was founded by Richard T. Stack in 1948 and is headquartered in Coraopolis, PA. | | View Today's Stock Pick |
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