Good MorningThe equity market started the week on a cautious footing with the S&P 500 falling about 0.4% at the end of the day. There is a renewed fear of inflation and the FOMC following last week's commentary and economic data and, more importantly, the outlook for earnings continues to decline. The consensus for the Q4 period is now firmly in negative territory and the outlook for the 1st half of 2023 is not far behind.
The biggest risks for the market this week are the FOMC minutes on Wednesday afternoon and whatever news may come out. The FOMC minutes, at least, should reinforce the idea that the Fed is not yet done hiking interest rates. The takeaway here is that mortgage rates are going to be pushing 10% in 2023 and will have a deep and resounding impact on the broader economy. Featured: Putin's "Violent Death" (The Oxford Club) 
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Ardelyx, Inc. (NASDAQ: ARDX) is a clinical-stage biopharmaceutical company whose primary focus is the discovery, development, and commercialization of new, innovative, and non-systemic, small-molecule therapeutics specifically targeting gastrointestinal, metabolic, and cardio-renal diseases.
Sinc... 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 | | | Asian stock markets were mixed Tuesday after Wall Street sank and Chinese anti-virus controls fueled concern about an economic slowdown.
Shanghai and Tokyo advanced while Hong Kong declined. Oil prices gained.
Wall Street's benchmark S&P 500 index declined for anoth... Read the Full Story |
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Politics | | | American consumers and nearly every industry will be affected if freight trains grind to a halt next month.
One of the biggest rail unions rejected its deal Monday, joining three others that have failed to approve contracts over concerns about demanding schedules and the lack of paid ... 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 | | | Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
That was the sobering forecast issued Tuesday by the Paris-based Organization for Econom... Read the Full Story |
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The online gambling industry is the 10th hottest industry in the US in 2022 and that is saying something. This industry is small at roughly $11 billion in value but growing rapidly and up 45% on a YOY basis as of late November. The industry is expected to continue to grow at a high-double-digit CA... Read the Full Story |
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From Our PartnersOnly invest in defense contractors that have actual defense contracts.
This way, you know the technology is solid and they've been properly vetted to provide cutting-edge technology to the military.
This company has won government contracts and is our #1 pick. | | Click here |
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Global online marketplace Alibaba Group Holding Ltd. (NYSE: BABA) posted its most recent quarter on November 17 and the results were mixed. While some investors may have been okay with the lukewarm report, the stock took a tumble and is now 75% lower than its all-time high ($317.14 in October 2020... Read the Full Story |
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Politics | | | Consumers and businesses in Germany will receive subsidies to soften the blow of higher natural gas and electricity prices starting in January, two months earlier than originally planned, officials said Tuesday.
The move is part of a larger pot of almost 300 billion euros (dollars) in... Read the Full Story |
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Politics | | | Auditors in Iraq have uncovered a massive scheme in which a network of businesses and officials embezzled some $2.5 billion from the country’s tax authority, despite layers of safeguards.
The scandal poses an early test for Iraq’s new government, which was formed late last month after... Read the Full Story |
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The Walt Disney Company (NYSE:DIS) energized what is normally a quiet trading week by announcing the ousting of CEO Bob Chapek and the return of former CEO Bob Iger. The stock is up over 6% in midday trading. However, it was up over 9% in pre-market trading.
The news comes less than a year... Read the Full Story |
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NVIDIA Corporation (NASDAQ: NVDA) is no stranger to comebacks. In the fourth quarter of 2018, the artificial intelligence (AI) chipmaker’s shares were slashed by 52% amid fears of rising interest rates, a global economic slowdown and cryptocurrency issues.
Sound familiar?
In the... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise. It offers its products through stores and e-commerce sites. The TJX Companies, Inc. was incorporated in 1962 and is headquartered in Framingham, Massachusetts. | | View Today's Stock Pick |
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