Good MorningEquity markets tried to regain their footing on Tuesday, but the outlook continues to sour, so do not read too much into the move. The FOMC chief Jerome Powell made remarks on Tuesday that point to more rate hikes than the market currently has priced in. If the committee follows through on this hint, interest rates could peak above 5.0% and remain above 5.0% until 2024, provided there is no recession in the interim.
The next big hurdle for the market will come on Friday with the twin releases of the CPI index and bank earnings. The index is expected to show cooling at the monthly and YOY levels but to remain hot relative to the FOMC's target of 2.0%. In this light, the market might expect the FOMC to possibly reduce the pace of interest rate hikes to a 25 basis point pace but to extend the timeframe for hiking into the second half of the year. Featured: Putin's "Violent Death" (The Oxford Club) 
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Data aggregator Salesforce Inc. (NASDAQ: CRM) is in rally mode, notching gains in the past three sessions. The stock gapped up at the open Monday and ended the session 4.69% higher at $147.10.
The company started off the new year by announcing it would lay off 10% of its workforce. It&rsquo... Read the Full Story |
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From Our PartnersWhenever the military develops a breakthrough technology, timely investors could see groundbreaking returns.
General Dynamics returned 8,990%...Boeing soared 4,238%...L3Harris shot up 1,628%... | | | | Here's the next stock we think soars >>> |
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Markets | | | Retirement is simple (we stop working). But it’s not necessarily easy (build up a passive income stream that replaces our previous wages).
Retiring on dividends is my jam. Payouts that arrive every quarter—or better yet, every month—are about as passive as it gets. “Mailbox” money.
Which is ideal. W... Read the Full Story |
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Stocks | | | Stocks ticked higher in quiet trading on Wall Street Tuesday, ahead of some potentially market-moving reports scheduled for later in the week.
The S&P 500 rose 27.16 points, or 0.7%, to 3,919.25 after drifting between small gains and losses through the day. The Dow Jones Industri... Read the Full Story |
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From Our PartnersWhenever the military develops a breakthrough technology, timely investors could see groundbreaking returns.
General Dynamics returned 8,990%...Boeing soared 4,238%...L3Harris shot up 1,628%... | | | | Here's the next stock we think soars >>> |
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Markets | | | Global shares were mostly higher Wednesday, boosted by a rally on Wall Street ahead of some potentially market-moving reports due later in the week.
France's CAC 40 rose nearly 0.2% in early trading to 6,879.36, while German's DAX added 0.3% to 14,813.45. Britain's FTSE 100 gained 0.... Read the Full Story |
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Markets | | | Asian shares were mostly higher Wednesday, boosted by a rally on Wall Street that came ahead of some potentially market-moving reports due later in the week.
The weak yen also piqued buying sentiment in Japan, as that boosts the earnings of the nation's exporters when converting over... Read the Full Story |
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Markets | | | Even if fully autonomous driving isn’t ready for the consumer marketplace, companies like Mobileye Global Inc. (NASDAQ: MBLY) are perfecting the technologies to make that a reality.
Mobileye, spun off from Intel Corporation (NASDAQ: INTC) in October, has been trending higher recently, w... Read the Full Story |
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Politics | | | A report by the World Economic Forum says climate change is the global economy’s biggest long-term challenge but one the world is least prepared to tackle because of short-term problems led by a cost-of-living crisis Read the Full Story |
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The Lockheed Martin Corporation (NYSE: LMT) ended 2022 with a bang, reaching an all-time high of $498. And investors will be backing them to do more of this in the months ahead. Let’s see what some of the drivers from recent weeks might be for this.
For those that don’t know, Lockheed... Read the Full Story |
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WD-40 Company (NYSE: WDFC) issued a report that echoed news from RPM International (NYSE: RPM) and has it and other materials stocks moving lower. The news is revenue in calendar Q4 was weak and the near-term outlook is dimming due to the steadily increasing pressure of inflation and rising intere... Read the Full Story |
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If you wonder why Marathon Digital Holdings (NASDAQ: MARA) is trending higher in the first weeks of the new year, it is because of Bitcoin (CRYPTO: BTC) prices. The uptrend in Marathon Digital began on December 28, 2022, and coincided with the latest bottom in Bitcoin. This correlation is to be ex... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts. It also offers business lending products; SME loans; consumer lending products, such as residential mortgage loans and other consumer lending loans; and mortgages. In addition, the company provides working capital solutions; debt and equity market solutions; various loans; payments; and cash management, trade and corporate finance, and treasury services, as well as savings, investment, insurance, and digital banking services. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands. | | View Today's Stock Pick |
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