Good MorningEquity markets pulled back on Wednesday following weaker-than-expected results from Target. Target not only reported weak but warned about a potentially weak quarter in Q4 along with rising inventories. The news sent the stock down more than 15% at the low of the day and took the S&P 500 index down nearly a full percentage point along with it. The move has the S&P 500 confirming resistance at the 4,000 level where it has been present before. If the index can't overcome this hurdle the odds are high that it will retest the 3,800 level or lower.
Wednesday's move comes despite a stronger-than-expected retail sales figure that has sales up more than 1.0% from the previous month. While good news, the gains are due in large part to inflation which is still raging and a sign the FOMC has more work to do. The next FOMC meeting is in less than 1 month and should bring at least another 50 basis points interest rate increase. Featured: Buy THIS stock before Taiwan is attacked… (Behind the Markets) 
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More than two dozen analysts offering 12-month price targets for Costco Wholesale (NASDAQ: COST) have arrived at a median price forecast of $562.50. This is on the higher side of the $455 to $650 range. The stock has an all-time high of $604.96 (April 7, 2022), which means the stock could register... Read the Full Story |
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From Our PartnersLegendary Investor Paul Tudor Jones Predicts "Violent Death" for Putin.
Few people know this, but Putin just made the single biggest mistake of his life. It's not invading Ukraine... but it could have a profound effect on world markets. | | | | A market expert breaks down the opportunity here. |
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Politics | | | The war in Ukraine, great power rivalries, inflation, climate change and fending off the pandemic are among the issues Pacific Rim leaders are tackling in their third back-to-back meeting in a week, this time at a heavily guarded venue in Thailand's capital, Bangkok.
The meeting of t... Read the Full Story |
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Markets | | | Digital lodging platform Airbnb (NASDAQ: ABNB) shares took a plunge on its Q3 2022 earnings release as the forward guidance was tepid. The Company was “born” in 2007, as a digital booking and home rental platform connecting hosts with guests to rent out their property for days to weeks a... Read the Full Story |
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From Our PartnersIf the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio.
Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion.
But the good news is, if China invades Taiwan, there is a way to protect yourself. | | | | Click Here to Learn How > > > |
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Markets | | | The hulking grandstand at the shuttered Arlington International Racecourse casts an eerie shadow as the sun sets on a weekday evening. It sits dormant on a tract of land that could be transformed in a major way.
With the galloping horses long gone, the Chicago Bears see 326 acres of o... Read the Full Story |
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Tech | | |
If International Game Technology PLC (NYSE: IGT) were a slot machine, it would be showing three diamonds. The stock is up more than 60% from its September 2022 low and on the move following a sparkling third-quarter performance.
As far as reopening plays go, the electronic gaming equipment maker ... Read the Full Story |
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From Our PartnersBecause of a rare situation unlike anything we've ever seen, Wall Street is now projecting a massive rise for this stock over the next 18 months. The consensus analyst price targets for the $30 stock are now up to $280. How is that possible? Well, when you see what this company actually does, you will understand. | | | | Watch this video for the full explanation of this business. |
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The TJX Companies (NYSE: TJX) could break out to new highs but it probably won’t because its Q3 results echo news from Target (NYSE: TGT), Walmart (NYSE: WMT) and Home Depot (NYSE: HD) earlier this week. While the Q3 period was OK, there are mitigating factors that take the sparkle out of th... Read the Full Story |
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Politics | | | Treasury chief Jeremy Hunt says the U.K. faces “unprecedented global headwinds” as he announced an emergency budget aimed restoring Britain’s economic credibility and patching up the nation’s battered finances Read the Full Story |
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Politics | | | Treasury chief Jeremy Hunt says the U.K. faces “unprecedented global headwinds” as he announced an emergency budget aimed restoring Britain’s economic credibility and patching up the nation’s battered finances Read the Full Story |
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Politics | | | South Korean President Yoon Suk Yeol hoped for greater cooperation with Saudi Arabia — including on its $500 billion futuristic desert city project — as he met the kingdom’s powerful crown prince Thursday, Seoul officials said.
Crown Prince Mohammed bin Salman flew to South Korea earl... Read the Full Story |
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Markets | | |
Lowe’s (NYSE: LOW) is up strong following a solid report that was foreshadowed by Home Depot (NYSE: HD). Home Depot gave a better-than-expected report driven in large part by strength in the DIY channels and Lowe’s has more exposure to those channels. With the coming (current) quarter ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Stryve Foods, Inc. manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces charcuterie slabs, thinly sliced steaks, air-dried beef sticks, biltong, biltong slabs, crisps, carne seca, sliced biltong, and droëwors products, as well as markets and sells human-grade pet treats under the brand Two Tails. The company distributes its products through retail channels, including grocery, club stores, and other retail outlets; convenience store; mass merchants; and directly to consumers through its e-commerce websites, as well as directly to consumer through the Amazon and Walmart platforms. Stryve Foods, Inc. was founded in 2017 and is headquartered in Plano, Texas. | | View Today's Stock Pick |
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