Good MorningThe equities markets extended the rebound for another day on Tuesday but the action was mixed. The S&P 500 opened with a gain, moved higher intraday but closed below the open to form a dark spinning top candle. This candle is a sign of resistance and indecision within the market and could lead to more sideways action in the days to come. While the reports from Walmart and Home Depot were good news for the retail sector in Q3 the outlook for Q4 and next year remains questionable.
The economic data was also mixed on Tuesday. While the Producer Price Index came in cooler than expected surprisingly strong manufacturing data suggest inflation may not be gone long. The worst of the news was a large 7% surge in household debt during Q3 that has it at the highest levels in over a decade. While consumers are spending, they are also racking up new debt at higher interest rates and that will put a ceiling on spending sooner rather than later. Featured: Your Chance To Invest In The Green Energy Revolution! (TinOne Resources) 
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Stocks | | | Penny stocks may seem like a good place to start if you are new to investing. As their name implies, a penny stock is one whose share price is under $1, though the term often includes stocks that are valued under $5.
But a low price does not mean low risk. Sure, they can gain traction quickly, but ... Read the Full Story |
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Shares of mega-cap pharmaceutical AbbVie (NYSE: ABBV) added to their recent uptrend Tuesday, closing at $153.04, up $1.30, or 0.86%. Shares have been in rally mode since the company reported its third quarter in late October.
The company specializes in medications for virology, immunology, ... Read the Full Story |
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Politics | | | Asian shares were mostly lower Wednesday, as investors got jittery over global risks after Poland said a Russian-made missile killed two people there.
Benchmarks fell in Sydney, Seoul, Hong Kong and Shanghai, while shares in Tokyo rebounded to finish slightly higher.
... Read the Full Story |
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Markets | | | S&P 500 component Agilent Technologies (NYSE: A) reversed lower with the broader market on Monday. The stock may form a high handle to a cup pattern that began in late August, or it may find short-term moving average support as it remains in buy range.
The company makes bio-analytical and... Read the Full Story |
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Markets | | | Power Integrations (NASDAQ: POWI) is a supplier of analog and mixed-signal integrated circuits (IC) and high-performance electronic components for the power supply market. It allows for efficient and compact AC-DC power conversion products for power supply ranging from under one watt up to 500 watts... Read the Full Story |
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From Our PartnersLegend who bought Amazon at $48 Apple at $0.35 sets his sights on the next big thing. This company's technology stands to disrupt many industries, and its just $4. | | | | Get the full story here.
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Markets | | |
Walmart’s (NYSE: WMT) Q3 results are good but they are no reason to start chasing the stock higher. The market is moving up on relief as much as anything else and the risks for the company remain. As with Home Depot (NYSE: HD), the Q3 period is strong but inflation remains an overshadowing i... Read the Full Story |
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Markets | | | Chinese authorities locked down a major university in Beijing on Wednesday after finding one COVID-19 case as they stick to a “zero-COVID” approach despite growing public discontent.
Peking University students and faculty were not allowed to leave the grounds unless necessary and clas... Read the Full Story |
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Politics | | | Members of the Group of 20 leading economies have ended their meeting by declaring that most of them strongly condemned the war in Ukraine and warning that the conflict is intensifying fragilities in the world’s economy Read the Full Story |
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Politics | | | Ballot measures in the U.S. to build more affordable housing and protect tenants from soaring rent increases were plentiful and fared well in last week's midterm elections, a sign of growing angst over record high rents exacerbated by inflation and a dearth of homes.
Voters approved ... Read the Full Story |
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Politics | | | Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000.
“I was shocked,” said Prophete, who refinanced her two-family home in 2006, six years after arriving from Haiti. "I ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Blue Owl Capital Inc. operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants. It offers its solutions through permanent capital vehicles, as well as long-dated private funds. Blue Owl Capital Inc. is headquartered in New York, New York. | | View Today's Stock Pick |
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