Good MorningEquity markets tried to extend the rebound on Monday but were cut short late in the day. The S&P 500 advanced more than 1.0% in early trading only to reverse course in the afternoon and close closer to breaking even than not. This move is a sign of hopefulness from the market but also of indecision, and that is right, given the news due out later this week. Not only is this the first week of peak earnings season for the Q4 reporting period, but the December CPI is also due out.
The CPI is due on Thursday and is expected to give a mixed signal. The headline figure is forecast to fall while the core rises, leading to hot YOY figures. The YOY figures are expected to cool, but there is risk in this outlook. Even with a cool down, CPI is running above 5% at the headline and core level and almost 3X the FOMC's target rate. In this scenario, the FOMC will continue to hike rates and keep them at elevated levels well into 2023. Featured: Buy This $5 Stock Before Apple Car Announcement (IPM) 
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In July, Amazon.com Inc. (NASDAQ: AMZN) revealed it would acquire San Francisco-based 1Life Healthcare Inc. (NASDAQ: ONEM) in a deal worth $3.9 billion. Investors jumped at the acquisition. 1Life Healthcare rebranded to One Medical, and One Medical stock increased 70% on the an... Read the Full Story |
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S&P 500 component The TJX Companies, Inc. (NYSE: TJX) is still in the buy range after reversing lower along with the broader market in Monday’s session.
Shares closed Monday at $81.51, down $1.21, or 1.46%. The trading volume was heavier than normal.
To clarify: A buy range... Read the Full Story |
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Markets | | | Asian stocks were mixed and European markets opened lower Tuesday ahead of a U.S. inflation update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes.
London, Frankfurt and Hong Kong fell. Shanghai and Tokyo rose. Oil prices declined.
... Read the Full Story |
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Stocks | | | U.S. stocks were mixed Monday at the start of a week with a few events that could shake markets, including updates on inflation and the health of corporate profits.
The S&P 500 dipped 0.1% after surrendering an early gain of 1.4% in its first trading after closing out its first wi... Read the Full Story |
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Stocks | | | Stocks gave up early gains and drifted to a mixed close on Wall Street. Weakness in health care companies worsened throughout the day. Stocks are coming off their first weekly gain in five on hopes the Federal Reserve may ease up on its economy-shaking hikes to interest rates as inflation cools. The... Read the Full Story |
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Markets | | | Stock markets were mixed Tuesday ahead of a U.S. inflation update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes.
Shanghai and Tokyo rose. Hong Kong and Sydney retreated. Oil prices declined.
Traders worry repeated ra... Read the Full Story |
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Fasten your seat belts! Airline stocks are off to a fast start this year. Except for sizzling copper stocks, no other group advanced more than airlines (8.8%).
After two years of 20%-plus declines, things may finally be lining up for the embattled industry.
Just two weeks ago, Southwe... Read the Full Story |
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Markets | | | Wang Jian is anxious to get back to work teaching basketball to children now that China has lifted anti-COVID-19 restrictions. But his gym in the eastern city of Shenyang has been closed for a month because all its coaches are infected.
The most optimistic forecasts say China's busine... Read the Full Story |
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Macy’s (NYSE: M) just cut its guidance, and the stock is down more than 7.0%. The news had a lesser effect on the broader retail sector (NYSEARCA: XRT) than it might have, but investors should not be complacent about the news. Macy’s says the peak holiday shopping season was as-expecte... Read the Full Story |
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Target Corporation (NYSE: TGT) shoppers are familiar with Bullseye, the beloved white English bull terrier who has been on TV ads and in-store signage for more than 20 years.
A bullseye of a different breed — Wall Street price targets — may be more reason to love the embattled discoun... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Stryker Corporation operates as a medical technology company. The company operates through two segments, MedSurg and Neurotechnology, and Orthopaedics and Spine. The Orthopaedics and Spine segment provides implants for use in total joint replacements, such as hip, knee and shoulder, and trauma and extremities surgeries. This segment also offers spinal implant products comprising cervical and thoracolumbar systems that include fixation, minimally invasive and interbody systems used in spinal injury, complex spine and degenerative therapies. The MedSurg and Neurotechnology segment offers surgical equipment, and surgical navigation systems, endoscopic and communications systems, patient handling, emergency medical equipment and intensive care disposable products, reprocessed and remanufactured medical devices, clinical communication and workflow solutions, and other medical device products that are used in various medical specialties, as well as patient and caregiver safety technologies. This segment also provides neurosurgical, neurovascular and craniomaxillofacial implant products, which include products used for minimally invasive endovascular procedures; products for brain and open skull based surgical procedures; orthobiologic and biosurgery products, such as synthetic bone grafts and vertebral augmentation products; minimally invasive products for the treatment of acute ischemic and hemorrhagic stroke; and craniomaxillofacial implant products, including cranial, maxillofacial, and chest wall devices, as well as dural substitutes and sealants. The company sells its products to doctors, hospitals, and other healthcare facilities through company-owned subsidiaries and branches, as well as third-party dealers and distributors in approximately 75 countries. Stryker Corporation was founded in 1941 and is headquartered in Portage, Michigan. | | View Today's Stock Pick |
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