Good MorningEquity markets were mostly flat on Monday but pulled back nearly 1.0% last in the day as traders brace for another round of economic data. The list kicks off today with a read of the PPi and it should be another hot one at 0.4% month to month. If so, it will underpin the idea that consumer-level inflation is yet to cool off despite the recently weakened CPI report. Also on tap, this week is Retail Sales and the Index of Leading Indicators, which the market often overlooks.
In other news, the New York Fed's inflation gauge shows the expectations for short and long-running inflation have increased. This could lead the FOMC to act aggressively at the next meeting although some members have indicated it may be appropriate to slow the pace of hikes soon. The takeaway is that inflation is still hot, the data is still iffy, and the FOMC is on track to hike rates above 5.0% by early 2023. With interest rates on the rise and the outlook for earnings in decline, the rally in the S&P 500 may not get far if it's not already over. Featured: [ALERT] #1 Penny Stock Pick (Darwin) 
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Markets | | | Video game developer and publisher Take-Two Interactive Software (NASDAQ: TTWO) stock got pummeled on its recent fiscal Q2 2023 earnings report. Losses were larger than expected with 70% attributed to the weakness in its mobile business and $50 million in FX headwinds as it collects 40% of net reven... Read the Full Story |
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Politics | | | Global stocks gained Tuesday after Wall Street gave back some of last week's huge gains, the American and Chinese presidents met and China's consumer spending shrank in a sign its economy is weakening.
Frankfurt, Shanghai, Tokyo and Hong Kong advanced, London was little changed while ... Read the Full Story |
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Tech | | |
Very few technology stocks are trading at 10-year highs, but San Jose-based Sanmina Corporation (NASDAQ: SANM) is one of them.
Last week, the mid-cap gapped up after another strong quarterly report. It put a bow on what was a phenomenal fiscal 2022 for the company. Earnings per share (EPS) ... Read the Full Story |
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From Our PartnersRecent market activity triggered a “buy” alert on this penny stock that’s been overlooked for its impressive profit potential by Wall Street investors.
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Markets | | | Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a study released Tuesday.
Global sales of personal luxury goods ... Read the Full Story |
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Politics | | | Australia’s Prime Minister Anthony Albanese says he raised with Chinese President Xi Jinping concerns about trade “blockages” but did not walk away from their first face-to-face talks with any promises that the $13 billion barriers to Australian exports would be lifted Read the Full Story |
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From Our PartnersLegendary financial researcher Herb Greenberg just went on record with something that few people understand is available to them.
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Markets | | |
If you are interested in Joby Aviation (NYSE: JOBY) it may be time to get on board for the ride of a lifetime. The company is one of the most innovative EV company’s on the market and it is in production which is the primary component of a successful EV investment. For those that don’t... Read the Full Story |
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Markets | | |
The days of pandemic-fueled profits and $300 share prices are a distant memory for Wayfair Inc. (NYSE: W). Things were bound to normalize for the online home goods retailer, but its fall from grace has been one of the most stunning post-Covid plunges yet.
The reality check back to 2014 IPO levels... Read the Full Story |
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Markets | | | French oil giant Total said Tuesday it would soon launch exploration activities in search for gas in the Mediterranean Sea off Lebanon’s coast, following last month’s Lebanon-Israel deal on their maritime border.
According to a statement, TotalEnergies and its partner, Italy’s ENI, si... Read the Full Story |
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Politics | | | Indonesia signed deals with international lenders and major nations on Tuesday that will bring billions of dollars in funding to help the country increase its use of renewable energy and reduce its reliance on coal.
The $20 billion agreement was announced on the sidelines of the Group... Read the Full Story |
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Markets | | |
The Chinese electric vehicle (EV) manufacturer NIO (NYSE: NIO) released its unaudited third-quarter results for 2022 on November 10, which reported mixed developments for the company.
Although NIO recorded record-high vehicle deliveries and significant top-line revenue growth, its net loss swe... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Neurocrine Biosciences, Inc. discovers, develops, and markets pharmaceuticals for neurological, neuroendocrine, and neuropsychiatric disorders in the United States and internationally. The company's products include INGREZZA for tardive dyskinesia and chorea associated with Huntington's disease; ALKINDI for adrenal insufficiency; Efmody capsules for classic congenital adrenal hyperplasia; Orilissa tablets for endometriosis; and Oriahnn capsules to treat uterine fibroids. Its product candidates in clinical development include valbenazine to treat dyskinetic cerebral palsy in pediatrics and adults; NBI-921352 to treat developmental and epileptic encephalopathy syndrome in pediatrics and adults; NBI-827104 to treat epileptic encephalopathy with continuous spike-and-wave during sleep; NBI-1076986 to treat movement disorders; crinecerfront to treat congenital adrenal hyperplasia in adults and children; EFMODY to treat congenital adrenal hyperplasia and adrenal insufficiency in adults; valbenazine for the adjunctive treatment of schizophrenia; NBI-1065845 for the treatment of inadequate response to treatment in major depressive disorder; luvadaxistat to treat cognitive impairment related to schizophrenia; NBI-1117568 for the treatment of schizophrenia; NBI-1070770 to treat major depressive disorder; NBI-1117570 for the treatment of symptoms of psychosis and cognition in neurological and neuropsychiatric conditions; and NBI-1117569, NBI-1117567, and NBI-1065890 to treat CNS indications. The company also has license and collaboration agreements with Heptares Therapeutics Limited; Takeda Pharmaceutical Company Limited; Idorsia Pharmaceuticals Ltd; Xenon Pharmaceuticals Inc.; Voyager Therapeutics, Inc.; BIAL Portela & Ca, S.A.; Mitsubishi Tanabe Pharma Corporation; and AbbVie Inc. The company was incorporated in 1992 and is headquartered in San Diego, California. | | View Today's Stock Pick |
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