Good MorningThe rebound in equities accelerated again on Wednesday but traders are cautioned not to become complacent. The move is on the heels of better than expected earnings from some key S&P 500 companies but the specter of inflation is still looming. The CPI data is due out today and it is expected to be positive if not an acceleration from the previous month. The risk for the market is the data will not be consistent with the FOMC's idea that inflation is peaking and will up the ante in terms of interest rate hikes. The odds of at least one 25 basis point hike at the next FOMC are above 100% and the odds for two 25 basis point hikes are growing.
In stock news, tech stocks led the rally on Wednesday with names like Meta, Shopify, and Etsy leading the charge. Rebound plays were also in favor and should help lift the market back up to the recently set all-time high. If the market can set a new all-time high it will likely rally into the spring and early summer barring other developments in the economy. Featured: The Morning Panic (Can You Spot it?) (ProTrading Research) 
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These 3 Conservative Stock Picks Are Worth a Look
Oftentimes, boring is a good quality to look for in the stock market. While it’s certainly exciting to invest in high-risk, high reward companies that can potentially provide massive gains, there’s something to be said about having a f... Read the Full Story |
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Politics | | | Global shares rose Thursday as investors tried to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic.
France's CAC 40 added 0.5% in early trading to 7,168.36, while Germany's DAX rose 0.7% to 15,595.10. Britain's FTSE 100 edged up 0.1% to 7,651.6... Read the Full Story |
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Tech | | | Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20% to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders for its goods, including a 1-billion euro order for high speed trains in Germ... Read the Full Story |
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Markets | | | The European Union is seeing its economic emergence from the unprecedented COVID-19 slowdown hampered by coronavirus-induced staff shortages, supply bottlenecks, runaway energy prices and subsequent inflation surges Read the Full Story |
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A 2020 Gallup poll found that 68% of Americans support marijuana legalization. So far, 19 U.S. states (including the District of Columbia) have legalized recreational marijuana use and 36 states have legalized medical marijuana.
With such high approval ratings and growing legalization, you may th... Read the Full Story |
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Markets | | | Credit Suisse has reported a fourth-quarter loss of $2.2 billion as the top-drawer Swiss bank wrapped up “a year of challenges” marked by bad bets on a hedge fund, set asides for legal costs, and accounting changes due to its acquisition of a U.S. investment bank over 20 years ago Read the Full Story |
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Markets | | | AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time.
The company recorded full-year revenues of $37.4 billion, an increase of 38% from the year before at constant exchange rates. Part of the boost came fr... Read the Full Story |
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Markets | | | Hasbro stock has been lagging the market and it's 2022 revenue projections may have investors wondering what to do. For answers, look to the company’s digital gaming platform which may position Hasbro to be a participant in the blossoming metaverse. Read the Full Story |
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Markets | | | Shares of Canopy Growth Corporation (NASDAQ: CGC) are up more than 16% after the release of FQ3 earnings but we aren’t buying into the rally, at least not yet. As much as we’d like to see this company make profits we’ve been here before, just when it seems like things are getting better they get worse again. Read the Full Story |
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Electronics manufacturing services company Flex (NASDAQ: FLEX) stock has fended off much of the market correction in 2022. The third-largest global electronic services manufacturer has been resilient despite the supply chain and logistics disruptions. Throughout the COVID-19 headwinds, Flex has co... Read the Full Story |
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Thursday's Early Bird Stock Of The Day CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company offers secured and unsecured installment loans, revolving line of credit, and single-pay loans; and credit protection insurance, check cashing, money transfer, foreign currency exchange, and other ancillary financial products and services, as well as reloadable prepaid debit cards and demand deposit accounts. The company also provides loans through online. It operates under the Covington Credit, Heights Finance, Quick Credit, Southern Finance, First Heritage Credit, Cash Money, LendDirect, and Flexiti brands. The company was formerly known as Speedy Group Holdings Corp. and changed its name to CURO Group Holdings Corp. in May 2016. CURO Group Holdings Corp. was founded in 1997 and is headquartered in Chicago, Illinois. | | View Today's Stock Pick |
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