Good MorningEquity markets pulled back on Tuesday as traders brace for the FOMC meeting and policy statement on Wednesday. The FOMC is expected to raise rates by 75 basis points and there is hope they will tone down their stance although there is risk in that outlook. The latest PCE price index showed inflation was still accelerating which is no reason for the Fed to slow the pace of interest rate hikes. At best, the FOMC will hike by 75 basis points and maintain its current outlook.
Also on tap this week is the NFP report. The NFP is expected to come in near 200,000 which would be a dramatic slowdown from the pace of late. In this scenario, the FOMC may be allowed to slow the pace of hikes at the upcoming meeting but more data is needed. The next big inflation report is due out in two weeks with the CPI and it could be news to move the market. Featured: Author of Get Rich with Dividends Is Giving Away His Ultimate Dividend Package FOR FREE! (The Oxford Club) 
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When Nomad Foods Limited (NYSE: NOMD) fell to a five-year low last week, investors decided enough was enough.
Buyers began nibbling on the U.K.-based company ahead of its preliminary financial results release on Halloween day. The timing of the bottom-feeding looks scary good with the stock now u... Read the Full Story |
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Big 5 Sporting Goods (NASDAQ: BGFV) stock fell over 8% the day after it reported third-quarter earnings. And that brings the 12-month loss for BGFV stock to over 56 percent. This drop comes even though the sporting goods retailer delivered a solid earnings report. In fact, the company be... Read the Full Story |
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Politics | | | Chinese regulators downplayed China’s real estate slump and slowing economic growth while Hong Kong's top leader pitched Hong Kong as a unique link to the rest of China at a high-profile investment summit Wednesday.
About 200 global financial executives gathered to network and discuss... Read the Full Story |
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Politics | | | Chinese President Xi Jinping on Wednesday affirmed his country's commitment to invest in Pakistan despite obstacles created in recent years by security concerns and the global economic slowdown.
Xi cited the “all-weather strategic partnership” between the countries during a meeting i... Read the Full Story |
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Politics | | | Chinese regulators downplayed China’s real estate slump and slowing economic growth while Hong Kong's top leader pitched Hong Kong as a unique link to the rest of China at a high-profile investment summit Wednesday.
About 200 global financial executives gathered to network and discuss... 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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Politics | | | Access to an industrial zone in the central Chinese city of Zhengzhou has been suspended after the city reported 64 coronavirus cases and workers who assemble Apple Inc. iPhones left their factory in the zone following outbreaks Read the Full Story |
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Politics | | | The man entrusted with promoting President Joe Biden's $1 trillion infrastructure plan barreled into this North Carolina town of 1,200 with the same rumbling intensity as the passing freight trains that shake anyone sitting in a chair.
It should be an easy sell. But Mitch Landrieu, th... Read the Full Story |
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Markets | | | Shares of online lender SoFi Technologies (NASDAQ: SOFI) were up more than 14% Tuesday following a better-than-expected third-quarter report.
The company lost $0.09 per share on revenue of $424 million.
Those results marked year-over-year increases on both the top and bottom lines. Rev... Read the Full Story |
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Markets | | |
Uber (NYSE: UBER), continued to struggle with operational costs despite revenue surging by 72% on the back of strong demand for the rail-hailing company. The stock rallied 15% into the market open on the back of the news. Uber’s main ride-hailing business has strong growth stemming from... Read the Full Story |
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In June 2020, Warner Music Group Corp. (NASDAQ:WMG) made some noise when it announced its arrival as a publicly traded music player. Press the fast-forward button and two years later, the company’s stock dipped below IPO levels.
As the music industry conglomerate slid into the low-20’... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. It produces a range of thermal and metallurgical coal with sulfur and heat contents. The company operates seven underground mining complexes in Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. In addition, it owns and leases oil and gas mineral interests and equity interests; and leases its coal mineral reserves and resources to its mining complexes; and leases land and operates a coal loading terminal on the Ohio River at Mt. Vernon, Indiana. Further, the company offers various mining technology products and services, including data network, communication and tracking systems, mining proximity detection systems, industrial collision avoidance systems, and data and analytics software. It also exports its products. The company was founded in 1971 and is headquartered in Tulsa, Oklahoma. | | View Today's Stock Pick |
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