Good MorningEquity markets advanced about 0.5% in mixed trading on Tuesday as traders await the results of the midterm elections. The polls were mixed at midnight so it could be anybody's game with the final vote tallied. The real driver of action, however, was a rise in the energy sector that put the Energy Sector ETF XLE at the highest levels in about 8 years. The move suggests a bullish tone to the energy market which has been reporting windfall profits and announcing dividend increases and share repurchases.
The risk this week is in the CPI index which is due out tomorrow. The analysts have been shifting their estimates and the net result is an increased expectation for consumer-level inflation versus earlier in the week. As it is now, economists are expecting core consumer inflation to run flat at 6.6% YOY which is a record-setting level of inflation. The takeaway is the FOMC is not done with interest rate hikes and they could maintain their 75 bps pace into the end of the year or longer. Featured: [ALERT] #1 Penny Stock Pick (Darwin) 
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The semiconductor manufacturing industry has been powering down throughout 2022, but newly-public GlobalFoundries (NASDAQ: GFS) is bucking that trend with a gain of 10.90% in the past month and 5.99% in the past three months.
On Tuesday, shares popped 8.62%, or $4.85, closing at $61.12. Trading v... Read the Full Story |
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Politics | | | Thousands of protesters are marching through the streets of Athens and the northern Greek city of Thessaloniki as public and some private sector workers walk off the job for a 24-hour general strike against price hikes Read the Full Story |
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Markets | | | Restaurant operator The Cheesecake Factory (NASDAQ: CAKE) stock remains buoyant despite reporting a surprise loss in its Q3 2022 earnings. It operates over 310 restaurants under the Cheesecake Factory banner also including North Italia and Flower Child restaurants. The Company continues to be impact... 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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Tech | | | China's government on Wednesday appealed to Germany to maintain access to its markets after a company said Berlin may block the sale of a computer chip factory to a Chinese-owned buyer amid tensions over technology and security.
Semiconductor maker Elmos said Monday it was informed by... Read the Full Story |
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Markets | | | Facebook parent Meta is laying off 11,000 people, about 13% of its workforce, as it contends with faltering revenue and broader tech industry woes, CEO Mark Zuckerberg said in a letter to employees Wednesday.
The move that comes just a week after widespread layoffs at Twitter under it... Read the Full Story |
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From Our PartnersWhen markets fail, investors flock to stable assets like real estate. reAlpha’s proprietary AI and $200M financing facility is helping them build a quality portfolio to reinvent the $1.2T vacation rental market. Become a reAlpha shareholder. | | | | Invest Now |
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Tech | | | Client data from Medibank, Australia’s largest health insurer, has been released by an extortionist, including details of HIV diagnoses and drug abuse treatments, after the company refused to pay a ransom for the personal records of almost 10 million current and former customers Read the Full Story |
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Markets | | | Nissan’s profit fell 68% in the last quarter as a shortage of computer chips hindered the Japanese automaker’s ability to deliver vehicles to its customers.
Nissan Motor Co. reported Wednesday that its profit was 17.4 billion yen ($119 million) in the July-September, down from 54 bill... Read the Full Story |
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Green energy stocks like Plug Power (NASDAQ: PLUG) and Blink Charging (NASDAQ: BLNK) are struggling with near-term headwinds now, but they are also getting into position for big gains in 2023. While focused on different aspects of the green energy industry, both are building out in-demand services... Read the Full Story |
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Two days after reporting Mullen Automotive’s (NASDAQ: MULN) short interest was growing despite a string of good news, the company released more good news that has upward pressure building for this market. The news is a deal with Ireland’s Newgate Motor Group for the i-Go. The i-Go is a... Read the Full Story |
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Disney’s (NYSE: DIS) earnings are always among the most eagerly awaited each quarter and in many ways, can act as a bellwether for the broader economy. On the one hand, their Parks business gives investors a certain type of pulse on consumer sentiment and discretionary spending, while their ... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management. The Commercial Banking segment offers lending, treasury, cash management, and customer commodity risk management products for small businesses, middle market, and larger commercial customers, as well as operates TransFund electronic funds transfer network. The Consumer Banking segment engages in the provision of retail lending and deposit services to small business customers through retail branch network; and mortgage loan origination and servicing activities. The Wealth Management segment offers fiduciary, private bank, insurance, and investment advisory services; and brokerage and trading services primarily related to providing liquidity to the mortgage markets through trading of U.S. government agency mortgage-backed securities and related derivative contracts, as well as underwrites state and municipal securities. The company also provides commercial loans, such as loans for working capital, facilities acquisition or expansion, purchases of equipment, and other needs of commercial customers; and service, healthcare, manufacturing, wholesale/retail, energy, and other sector loans. In addition, it offers commercial real estate loans for the construction of buildings or other improvements to real estate and property held by borrowers for investment purposes; residential mortgage and personal loans; and automated teller machine, call center, and Internet and mobile banking services. The company was founded in 1910 and is headquartered in Tulsa, Oklahoma. | | View Today's Stock Pick |
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