Good MorningEquities experienced some volatility in the prior week as hopeful traders and investors cling to the good news while the pessimistic ones cling to the bad. The good news is that Q3 earnings season is a little bit better than expected, the bad news is the outlook for the future continues to deteriorate and that is weighing on the market.
This week, the market faces an onslaught of earnings reports as well as economic data. Among the earnings reports are several FAANG names which are foundational to the market. Better-than-expected reports from them could provide some relief for investors but the outlook remains dim. On the economic front, the PCE price index tops the list and is expected to come in hot once again. The takeaway will be that the FOMC is on track to continue hiking rates to the 5.0% level regardless of the pace, which is bad news for consumers and businesses alike. Featured: Biden Makes DISTURBING US Dollar Move (Agora) 
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Markets | | | Entertainment products and media company Hasbro, Inc. (NASDAQ: HAS) stock recently hit 52-week lows of $63.44 down (-35%) on the year. The Company missed its Q3 2022 earnings estimates primarily due to overstocking its retailers in Q2 2022 to avoid potential post-pandemic supply chain problems. It&r... Read the Full Story |
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Markets | | | The world’s largest consumer goods maker Procter & Gamble (NYSE: PG) stock has fallen (-21%) for the year. Shares hit pandemic highs of $146.92 in November 2020 as consumers stockpiled its products before falling back down to $121.54 post-pandemic lows in March 2021. Ironically, post-pande... Read the Full Story |
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Stocks | | |
The U.S. mid-cap asset class is holding up relatively well this year. As measured by the S&P 400’s year-to-date return, the group has a 2.5% edge on its large-cap counterpart (the S&P 500) heading into the final months of the year.
With the economy likely to enter 2023 on shak... Read the Full Story |
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Politics | | | China's economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Communist Party tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry.
The world's second-largest economy gr... Read the Full Story |
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Stocks | | | Chinese electric vehicle (EV) maker Xpeng (NYSE: XPEV) stock has plunged more than (-83%) on the year as the sector sees mass valuation shrinkage. Its peers NIO (NYSE: NIO) and Li Auto (NYSE: LI) are also down big for the year at (-66%) and (-45%), respectively. EV sales momentum seems to have peake... Read the Full Story |
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Tech | | | The world faces the prospect of more tension with China over trade, security and human rights after Xi Jinping awarded himself another five-year term as leader of the ruling Communist Party and called for self-reliance in technology, a stronger military and protection of “core interests” abroad Read the Full Story |
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Markets | | | Asian shares were mixed Monday, as benchmarks fell in Hong Kong and Shanghai after Beijing reported that the Chinese economy gained momentum in the last quarter.
Benchmarks were higher in Tokyo, Sydney and Seoul. Oil prices fell. Market watchers are keeping a cautious eye on inflatio... Read the Full Story |
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Politics | | | This year’s United Nations climate summit is brought to you by Coke.
Soft drink giant Coca-Cola Co.'s sponsorship of the flagship U.N. climate conference, known as COP27, sparked an online backlash and highlighted broader concerns about corporate lobbying and influence.
... Read the Full Story |
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Politics | | | Myanmar's central bank has promised improvements and warned against currency manipulation after an international watchdog put the military-controlled country on a terrorism and financial crimes blacklist Read the Full Story |
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Markets | | | Most investors are familiar with the popular exchange-traded-funds (ETFs) of the major benchmark indexes like the S&P 500 index (NYSEARCA: SPY), Dow Jones (NYSEARCA: DIA), and the Nasdaq (NYSEARCA: QQQ). The advent of ETFs has enabled investors to trade equity indexes, multiple asset classes, wh... Read the Full Story |
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Monday's Early Bird Stock Of The Day Ally Financial Inc., a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments. The Automotive Finance Operations segment offers automotive financing services, including providing retail installment sales contracts, loans and operating leases, term loans to dealers, financing dealer floorplans and other lines of credit to dealers, warehouse lines to automotive retailers, and fleet financing. It also provides financing services to companies and municipalities for the purchase or lease of vehicles, and vehicle-remarketing services. The Insurance Operations segment offers consumer finance protection and insurance products through the automotive dealer channel, and commercial insurance products directly to dealers. This segment provides vehicle service and maintenance contract, and guaranteed asset protection products; and underwrites commercial insurance coverages, which primarily insure dealers' vehicle inventory. The Mortgage Finance Operations segment manages consumer mortgage loan portfolio that includes bulk purchases of jumbo and low-to-moderate income mortgage loans originated by third parties, as well as direct-to-consumer mortgage offerings. The Corporate Finance Operations segment provides senior secured leveraged cash flow and asset-based loans to middle market companies; leveraged loans; and commercial real estate product to serve companies in the nursing facilities, senior housing, and medical office buildings. It also offers commercial banking products and services. In addition, it provides securities brokerage and investment advisory services. The company was formerly known as GMAC Inc. and changed its name to Ally Financial Inc. in May 2010. Ally Financial Inc. was founded in 1919 and is based in Detroit, Michigan. | | View Today's Stock Pick |
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