Good MorningEquities extended the rally to new heights last week but beat a hasty retreat following the FOMC policy announcement. The policy change was as expected but came with a more hawkish-than-expected tone that could lead to core interest rates above 5.0% next year. At that level, mortgage rates will top 10% and have a resounding impact on housing and the economy.
The market will get no reprieve this week. There is a host of data due out to include housing data, the Index of Leading Indicators, and the PCE price index. The PCE price index may confirm cooling inflation, but the others will most likely point to economic contraction. The question is whether YOY inflation is falling or is still running hot. If PCE prices are still running hot in the YOY comparison, the market needs to brace for further tightening and the possibility of a significant recession in 2023. Featured: Leaked tax return reveals secret to pocketing $460,164... (Tradewins) 
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The world’s most prominent movie theater chain AMC Entertainment Holdings, Inc. (NYSE: AMC) stock has fallen (-67%) for the year, and its AMC Preferred Equity Units (NYSE: APE) shares have fallen over 90%. The meme stock craze of 2021, which includes the likes of GameStop Corp. (NYSE: GME) a... Read the Full Story |
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Gone are the days when large-cap semiconductor stocks like Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD) were riding high on pandemic-era demand for electronics gear, combined with chip shortages. Industry peer Intel Corporation (NASDAQ: INTC) didn't fare as well ... Read the Full Story |
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Markets | | | Global stock markets fell Monday as investors wrestled with fears the Federal Reserve and European central banks might be willing to cause a recession to crush inflation.
Frankfurt, Shanghai, Tokyo and Wall Street futures declined. London rose. Oil prices advanced.
Wall... Read the Full Story |
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Stocks | | | Wall Street racked up more losses Friday, as worries mounted that the Federal Reserve and other central banks are willing to bring on a recession if that’s what it takes to crush inflation.
The S&P 500 fell 1.1%, its third straight drop. The Dow Jones Industrial Average dropped 0.... Read the Full Story |
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Stocks | | | Stocks are losing more ground on Wall Street in afternoon trading Friday as worries grow that the Federal Reserve and other central banks are willing to bring on a recession if that’s what it takes to get inflation under control.
The S&P 500 shed 1.6% as of 1:43 p.m. Eastern and i... Read the Full Story |
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Markets | | | Donald Trump pledged to fix U.S. infrastructure as president. He vowed to take on China and bulk up American manufacturing. He said he would reduce the budget deficit and make the wealthy pay their fair share of taxes.
Yet after two years as president, it's Joe Biden who is acting on ... Read the Full Story |
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Markets | | | Republican Gov. Ron DeSantis signed a sweeping property insurance bill on Friday. How much and when it will work to stabilize the stormy market is another question.
One of the key goals of the legislation is to keep the claims process from ending up being settled in courtrooms, a prob... Read the Full Story |
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The outlook for next year is cloudy. Tech may be one of the more unlucky sectors but it depends on which tech you discuss. Startup quality early-phase growth tech and bluechip quality dividend-paying tech are not the same investment, regardless of the subindustry. Bluechip tech like Jabil Inc. (NA... Read the Full Story |
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Domino’s Pizza, Inc. (NASDAQ: DPZ) has failed to deliver for investors in 2022. As a result, the stock is down more than 33%. That’s significantly higher than the S&P 500 index, which posts a 19% yearly loss.
The company has faced rising ingredient costs and difficulty find... Read the Full Story |
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Elon Musk and his company Tesla (NYSE: TSLA), have been in the spotlight in recent months, particularly since he made Twitter private through a $44 billion acquisition.
Since first announcing his acquisition of the platform, Musk has sold $22.9 billion worth of Tesla stock. A large a... Read the Full Story |
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Monday's Early Bird Stock Of The Day Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications. The company offers protection products, such as filter and termination devices that are integrated with the transient voltage suppressor devices, which protect electronic systems from voltage spikes; and sensing products comprising a portfolio of specialized radio frequency products used in various industrial, medical, and communications applications, as well as specialized sensing products. In addition, it provides switching voltage regulators, combination switching and linear regulators, smart regulators, isolated switches, and wireless charging related products. Further, it offers portfolio of IoT solutions, such as modules, gateways, routers, and connected services; and portfolio of connected services, including wireless connectivity and cloud-based services for industrial, medical and communications applications. The company serves original equipment manufacturers and industrial end-markets. It sells its products directly, as well as through independent sales representative firms and independent distributors in Asia- Pacific, North America, and Europe. Semtech Corporation was incorporated in 1960 and is headquartered in Camarillo, California. | | View Today's Stock Pick |
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