Good MorningEquity markets were flat last week as fear of inflation was refreshed. Not only did the Fed's outlook for short and long-term inflation get increased but several members came out with commentary to the effect that inflation is yet to be tamed, interest rates are still rising and there is a risk to the economy. Adding to the downward pressure was weaker than expected earnings from the retail sector and a weak read on the index of leading indicators.
In regard to retail earnings, the major retailers are indicating much of this year's strength has been seen and that Q4 could be disappointing. In regard to the index of leading indicators, it retreated by -0.8 points versus the expected -0.4 and came with a downward revision to the previous month's negative reading. The take here is that economic activity has been showing signs of contraction for many months and those signs are getting stronger and stronger. Featured: [ALERT] #1 Penny Stock Pick (Darwin) 
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Video game and accessories reseller GameStop (NYSE: GME) stock had its wings clipped since kicking off the 2021 meme stock frenzy. These days, the Company continues to desperately transform its business model as it loses ground to digital gaming by the day. Major console makers Sony’s PlaySt... Read the Full Story |
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Markets | | | On Nov. 14, 2022, Warren Buffet’s Berkshire Hathaway (NYSE: BRK.A) reported a new investment in its quarterly 13-F filing indicating a 60.1 million share stake in one of the world’s most dominant semiconductor maker Taiwan Semiconductor Manufacturing Company (NYSE: TSM) stock. This sent ... Read the Full Story |
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Politics | | | Asian stock markets sank Monday after Wall Street ended with a loss for the week amid anxiety about Federal Reserve plans for more interest rate hikes to cool inflation.
Hong Kong's benchmark fell more than than 2%. Shanghai, Seoul and Sydney also retreated, while Tokyo was little-cha... Read the Full Story |
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Markets | | | Fintech personal finance company Sofi Technologies (NASDAQ: SOFI) stock has fallen (-65%) for the year. The Company has continued to grow retail accounts pushing towards diversifying its services beyond lending services. It has built an eco-system of complementary financial products and services tha... Read the Full Story |
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Here's the simple answer to the “how high can the Fed go?” question: a lot higher. Not only does inflation still rage on, but the Federal Open Market Committee (FOMC) is still well below its projected peak rate of 5%. Based on the trends and the FOMC's past decisions, it is likely the ... Read the Full Story |
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Politics | | | Federal prosecutors say reality TV stars Todd and Julie Chrisley were driven by greed as they engaged in an extensive bank fraud scheme and then hid their wealth from tax authorities while flaunting their lavish lifestyle Read the Full Story |
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Politics | | | Hong Kong leader John Lee tested positive for the coronavirus after meeting with other regional leaders at the Asia-Pacific Economic Cooperation forum in Thailand, the city's government said Monday.
Lee tested negative throughout his four-day stay in Bangkok but his test upon his arri... Read the Full Story |
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Markets | | | The Walt Disney Company has tapped its former CEO Bob Iger to return to head the company for two years, firing his successor Bob Chapek in a move that stunned the entertainment industry.
Chapek is leaving after the company posted lower than expected earnings in the last quarter. Holly... Read the Full Story |
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Markets | | | The Walt Disney Company announced late Sunday that former CEO Bob Iger will return to head the company for two years in a move that stunned the entertainment industry.
Disney said in a statement that Bob Chapek, who succeeded Iger in 2020, had stepped down from the position. Disney b... Read the Full Story |
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Markets | | | The jury is still out, but it’s starting to look like shares of Target Corporation (NYSE: TGT) will go up from here over the next few weeks. It has certainly been a wild couple of days as the bulls and the bears have fought for control of the $75 billion retailer. The company's Q3 earnings, re... Read the Full Story |
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Monday's Early Bird Stock Of The Day Lyft, Inc. operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. It operates multimodal transportation networks that offer access to various transportation options through the Lyft platform and mobile-based applications. The company's platform provides a ridesharing marketplace, which connects drivers with riders; Express Drive, a car rental program for drivers; and a network of shared bikes and scooters in various cities to address the needs of riders for short trips. It also offers centralized tools and enterprise transportation solutions, such as concierge transportation solutions for organizations; Lyft Pink subscription plans; Lyft Pass commuter programs; first-mile and last-mile services; and university safe rides programs. The company was formerly known as Zimride, Inc. and changed its name to Lyft, Inc. in April 2013. Lyft, Inc. was incorporated in 2007 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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