Good MorningEquities retreat ahead of the December FOMC meeting because of a growing fear of inflation. The last few consumer inflation reports suggested inflation had peaked but that was belied by the PPI index on Friday. The PPI came in hot on all counts and points to ongoing systemic inflation that will lead to higher consumer prices down the road. The takeaway is that the Fed may slow the pace of interest rate hikes but the duration and peak rate will be more than the market is expecting.
Other than the FOMC meeting and PPI there is little for the market to pay attention to other than economic data and there is a lot of that on the Calendar. Reads on Empire Manufacturing, Philly Fed MBOS and Retail Sales top the list of reports and they are expected to show a mixed picture of the economy which will do little to cheer investors ahead of the holidays. A Santa Claus Rally may be coming but it's not here yet. Featured: Little-known Biotech Stock Announces Positive News (Actinium Pharmaceuticals) 
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Discount retail outlets are growing in popularity and that can make them smart options for stock investors. When it comes to discount chains, these companies not only offer the same retail products at bargain prices, but they could also be a bargain addition to any stock portfolio.
Big Lots Is a ... Read the Full Story |
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Costco Wholesale (NASDAQ: COST) and Amazon.com (NASDAQ: AMZN) are both giants in their respective industry sectors, but while they may approach their commercial businesses differently, they have a lot of similarities. And as the end of the year approaches, it appears their stocks may have ... Read the Full Story |
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Tech | | | A choppy day of trading on Wall Street ended with stocks broadly lower Friday, after a new report showed that inflation is slowing less than hoped just days before Federal Reserve officials are expected to raise interest rates again.
The S&P 500 and Nasdaq composite each fell 0.7... Read the Full Story |
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From Our PartnersThe Wall Street Journal reports that this medical breakthrough is "Transforming Medicine."
One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price. | | | | Get all the details here > > > |
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Stocks | | | Stocks are edging lower on Wall Street Friday and bond yields are rising after a report showed inflation is slowing, though not by as much as hoped.
The S&P 500 was 0.1% lower in afternoon trading after earlier shifting between small gains and losses. The Dow Jones Industrial Ave... Read the Full Story |
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It is no surprise to hear that Broadcom Inc’s (NASDAQ: AVGO) business is getting boosted by a shift to next-gen technology. Not only are the company’s next-gen products worth using but the pandemic and stimulus and the ensuing spending and inventory-clearing the followed in their wake ... Read the Full Story |
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From Our PartnersA new innovation has exploded onto the scene. Not only could it be primed to upend the $5 trillion oil industry almost overnight … and potentially whittle gas prices back down to $2 a gallon … but come 2023, our research says it could make A LOT of people A LOT of money. This will be a story for the ages. And as always, the biggest gains will likely be reserved for those few able to move rapidly and get in on the ground floor. | | Click here to discover how you can get into position as soon as today. |
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Luxury athletic clothing retailer Lululemon Athletica Inc. (NASDAQ: LULU) was trading 12% lower mid-session Friday, after gapping down at the open. The move followed the company’s warning of higher-than-anticipated inventory levels.
Is Lululemon a harbinger of problems ahead for clothing re... Read the Full Story |
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Stocks | | | Shares slipped in Asia on Monday after last week’s decline on Wall Street, while signs of a s urge in coronavirus infections in China suggested progress may be bumpy as it rolls back its “zero-COVID” pandemic restrictions.
Attention was turning to an update on U.S. consumer prices an... Read the Full Story |
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Interactive entertainment restaurant operator Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) is proving that its possible to mitigate both inflationary pressures and falling consumer discretionary spending. They are in a sense the last man standing when it comes to stand-alone video game a... Read the Full Story |
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Markets | | | Connecticut's first retail recreational cannabis sales will begin as soon as Jan. 10, state regulators announced Friday, with about half of the state's medical marijuana operators expanding their businesses to include the new market for all adults 21 and over.
As many as 40 more retai... Read the Full Story |
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Politics | | | Britain’s economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry.
Gross domestic product, the broadest measure of economic activity, fell by 0.3% in the period when compared with the ... Read the Full Story |
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Monday's Early Bird Stock Of The Day Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada. | | View Today's Stock Pick |
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