Good MorningEquity markets started the week on solid footing and lifted the S&P 500 more than 1.3% at the high of the session. The move is driven by optimism the FOMC will slow the pace of interest rate hikes at the meeting on Wednesday but the hope may be misplaced. While the Fed may slow the pace of hikes at this meeting it is still on pace to hike rates above 5.0% by the middle of next year and there is risk in the outlook.
The biggest risk for the market this week other than the FOMC is the CPI index for November. The index is expected to show a slight moderation in headline inflation but the core is expected to hold steady at 0.3% month-to-month. At this pace, there is a chance the FOMC will not slow the pace of interest rate hikes because easing back on the pressure may allow the economy to accelerate. The labor market is also still strong so, assuming the CPI is strong as well, there is every reason to believe the Fed will keep the pressure on. Featured: Leaked tax return reveals secret to pocketing $460,164... (Tradewins) 
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Stocks | | | Wall Street is ticking higher Monday to open a week where central banks are likely to unload the year’s final barrage of interest-rate hikes meant to drive down the world’s painfully high inflation.
The S&P 500 was 0.5% higher in midday trading, trimming its loss for the year so ... Read the Full Story |
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Small-cap biotech stocks are among the riskiest of stocks for investors to own. One reason is that many of these companies are not only unprofitable but are still in the pre-revenue stage of their business.
It all comes down to the pipeline. These companies are typically working on therape... Read the Full Story |
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Cryptocurrency platform and exchange Coinbase Global Inc. (NASDAQ: COIN) stock has fallen alongside the crypto market and the price of bitcoin. However, things got worse after the FTX disaster as it hit new all-time lows of $40.15 on Dec. 9, 2022. The year-end tax loss selling is underway as inves... Read the Full Story |
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If you are looking for a healthy dividend in the healthcare sector, look no further than Abbott Laboratories (NYSE: ABT). These companies are among the highest-quality Dividend Kings not just in their industry; they both have the power to continue raising their dividends long into the future. Add ... Read the Full Story |
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Markets | | | The heads of the International Energy Agency and European Union's executive branch said Monday that the 27-nation bloc is expected to weather an energy crisis this winter but needs to speed renewables to the market and take other steps to avoid a potential shortage next year in natural gas needed fo... Read the Full Story |
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Markets | | | Asian shares were mostly higher in cautious trading Tuesday as the Federal Reserve and other central banks prepared for the year’s final barrage of interest rate hikes.
Oil prices gained more than $1 a barrel.
Markets have struggled this year thanks to high inflation ... Read the Full Story |
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Tech | | | Microsoft is taking a roughly 4% stake in the operator of the London Stock Exchange, which has agreed to spend at least $2.8 billion in cloud-computing services from the technology giant.
That spending commitment will be spread out over 10 years, according to the terms of the deal ann... Read the Full Story |
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Shares of Cracker Barrel Old Country Store, Inc. (NASDAQ: CBRL) dipped below $100 in a post-earnings selloff that amounts to a barrel of laughs. Last year’s restaurant reopening trade pushed the stock above $178 in April 2021.
All things considered, the home-cooking restaurant chain turned ... Read the Full Story |
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Politics | | | Florida lawmakers on Monday advanced sweeping GOP legislation intended to shore up the state’s struggling home insurance market in the year’s second special session devoted to the topic.
The proposal would create a $1 billion reinsurance fund, reduce litigation costs and compel some c... Read the Full Story |
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Like other department stores, Kohl’s Corporation (NYSE: KSS) is hoping consumer confidence improves during the holiday shopping season. The Fed, on the other hand, would rather not see Americans getting more positive about the economic environment. This runs the risk of inflation heating bac... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Burlington Stores, Inc. operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products. It operates stores under the Burlington Stores, and Cohoes Fashions brand names in Washington D.C. and Puerto Rico. Burlington Stores, Inc. was founded in 1972 and is headquartered in Burlington, New Jersey. | | View Today's Stock Pick |
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