Good MorningEquities pulled back from the recent high on Thursday as the market braces for another hot PCE price index reading. The move confirms resistance below the 3,900 level and sets the S&P 500 up for another test of the recent lows should the market not like the PCE data. As it is, the market is expecting the index to accelerate on a YOY basis from the previous month and to come in just shy of a recent record. At these levels, the index will be at the highest reading in several decades and pointing to another aggressive FOMC interest rate hike.
The next FOMC meeting is less than a week away. The November Fed meeting begins on Tuesday and will culminate with a policy statement and press conference on Wednesday afternoon. The market is pricing in a near 100% chance for a 75 basis point hike and it could come with hawkish commentary, too, if the PCE index is hotter than expected. The takeaway is that inflation is still the driving force of the market and it is still a growing problem. Featured: 4 Top Stocks for a Bear Market (PTR) 
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Conventional wisdom says to dial back risk in a shaky stock market. Hunkering down with cash, shifting to defensive sectors, seeking inflation-proof companies and moving to dividend payers are all valid strategies. Cash dividends help buffer market downturns and provide income that can be rei... Read the Full Story |
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From Our PartnersOne of the most talked-about stocks of 2022 is set to take off any day. You can grab shares for less than $5... But likely not for long. | | Full story HERE. |
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Markets | | | Altria (NYSE:MO) stock is essentially flat after the company reported a miss in both revenue and earnings in its quarterly earnings report. The company delivered revenue of $5.41 billion which was shy of analysts’ estimates for $5.59 billion. Earnings were a narrower miss, with Altria posting ... Read the Full Story |
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Politics | | | Shares were mostly lower in Asia on Friday after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market.
Tokyo’s benchmark slipped as the government was preparing about a massive stimulus spending package to help the world’s No. 3 economy c... Read the Full Story |
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From Our PartnersHistorically, things like precious metals, consumer staples, commodities, utilities, health care, and transportation stocks have performed well in a bear market. Our experts say these 4 stocks are positioned well - even in a down market. | | Click here to get the names & ticker symbols of all 4 stocks. |
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Tech | | | Shares skidded Friday in Europe and Asia, with heavy selling of technology shares pulling Hong Kong's benchmark 3.7% lower.
Germany's DAX dropped 0.9% to 13,090.91 and the CAC40 in Paris lost 0.6% to 6,205.73. Britain's FTSE 100 shed 0.6% to 7,029.81. The future for the S&P 500 w... Read the Full Story |
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Markets | | | Mid-cap Lantheus Holdings (NASDAQ: LNTH) has been on a revenue growth spurt in recent quarters, boosted by a new product called Pylarify, which helps medical professionals detect prostate cancer through imaging tests.
Lantheus went public in June 2015, which means that it's new enough to be i... Read the Full Story |
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From Our PartnersLow-priced, or "penny," stocks offer a great way to jump into the market regardless of the direction of the markets as a whole. And these six stocks are in an excellent position to deliver potential breakthroughs in the months ahead. | | Click here for the names & ticker symbols of all 6 stocks. |
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Tech | | | On Oct. 4, Elon Musk reversed himself and offered to honor his original proposal to buy Twitter for $44 billion — a deal he had spent the previous several months trying to wriggle out of. He made the latest offer just two weeks before a Twitter lawsuit aimed at forcing Musk to go through with the de... Read the Full Story |
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Some earnings reports are more significant than others. And that’s the sense that you got when United Parcel Service (NYSE: UPS) reported earnings on October 25, 2022. UPS stock dropped sharply after Federal Express (NYSE: FDX) delivered a warning of sharply lower shipping volumes based on t... Read the Full Story |
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Politics | | | European Union lawmakers and member countries reached a deal to ban the sale of new gasoline and diesel cars and vans by 2035.
The deal EU negotiators sealed Thursday night is the first agreement of the bloc's “Fit for 55" package, which the bloc's executive commission set up to achie... Read the Full Story |
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Markets | | | The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed Friday.
Gross domestic product in Europe’s biggest economy expanded by 0.3% in the July-September period compared with the previous quarter, ... Read the Full Story |
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If you are looking at the ultra-high 111% dividend payout for Zim Integrated Shipping (NYSE: ZIM) and thinking, “This is too good to be true,” you're right. There are factors at play in this yield within Zim Integrated Shipping Services stock that makes it meaningless to... Read the Full Story |
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Friday's Early Bird Stock Of The Day Enviva Inc. produces, processes, and sells utility-grade wood pellets. The company's products are used as a substitute for coal in power generation, and combined heat and power plants. It serves power generators in the United Kingdom, European Union, and Japan. DS: The company was formerly known as Enviva Partners, LP and changed its name to Enviva Inc. in December 2021. Enviva Inc. was incorporated in 2013 and is headquartered in Bethesda, Maryland. On March 12, 2024, Enviva Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of Virginia. | | View Today's Stock Pick |
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