Good MorningEquity markets were mixed and flat early on Thursday as market momentum waned. However, the day turned into a rout for the bulls following hawkish comments from Fed chief Jerome Powell. He says the Fed is not confident that it has done enough to tame inflation, and more rate hikes may be needed. This is contrary to a recently firmed opinion that the Fed was near the cycle's peak and put a cap on equities.
The S&P 500 is showing resistance near recent highs and may not be able to move much higher without another catalyst. The next big market-moving events will come next week with reports from major retailers and the CPI report. The CPI may show another cooling in inflation and provide a lift for equities; the risk is that a CPI-driven rally may quickly reverse when Target and Walmart report later in the week. Walmart has been a resilient player, gaining market share and controlling shrinkage, while Target loses share and struggles with theft. Featured: 2023's Best Stock: Buy Before the Market Knows (Darwin) 
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Stocks | | | Wall Street rose sharply Friday, keeping November on track to be one of its best months of the year, as companies continued to turn in better profits for the summer than expected.The S&P 500 leaped 1.6% amid a widespread rally. The Dow Jones Industrial Average gained 391 points, or 1.2%, and the... Read the Full Story |
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Etsy Inc. (NASDAQ: ETSY) has been crafting a downtrend but may be stitching up a bottom to its year-long slide.
On November 1, the online marketplace for handmade and vintage items posted earnings growth for the first time since December 2021. Revenue grew by 7% to $636.3 million.
A look a... Read the Full Story |
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It's not as exciting or cutting-edge as technology stocks, but the iShares U.S. Insurance ETF (NYSEARCA: IAK) has been edging higher in the past month.
Ignore this so-called "boring" industry at your own peril.
Drivers behind the move include higher interest rates and volume of net premium... Read the Full Story |
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With emerging markets expected to outperform globally in 2024 and consumer products like Coca-Cola gaining traction, Coca-Cola bottlers such as Coca-Cola EuroPacific Partners (NYSE: CCEP) are an excellent group to invest in. Not only do they provide exposure to international and emerging markets, ... Read the Full Story |
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Up to last week, shares of chipmaker Qualcomm Inc (NASDAQ: QCOM) had been trading largely sideways since this time last year, with several recent attempts from the bears to send them down to fresh lows. They've been fighting the current for some time, and with their shares having sank 50... Read the Full Story |
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From Our PartnersNew law has expert warning seniors and retirees to beware. There's a darker truth behind this financial bombshell... | | | | Read The Full Story Here. |
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Markets | | | U.S. Treasury Secretary Janet Yellen suggested Friday that a ransomware attack that forced China's biggest bank to take some systems offline only minimally disrupted the U.S. Treasury market. She said U.S. and Chinese finance officials discussed the attack in San Francisco, where they met Friday ahe... Read the Full Story |
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Markets | | | Asian shares retreated Friday after rising bond market yields once again weighed on Wall Street, ending a lull in wider swings in prices during a brief respite from market moving data releases.U.S. futures edged higher and oil prices also advanced.Investors in Asia are facing steady declines followi... Read the Full Story |
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Eli Lilly & Co. (NYSE: LLY) reversed lower on November 9. This came after LLY stock advanced 3.20% after the company got regulators' OK for its weight-loss drug Zepbound.
In clinical trials, the drug helped people lose as much as 52 pounds within a 16-month timeframe.
Zepbound is based on ti... Read the Full Story |
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Markets | | | A U.N. report paints a stark picture of the devastation of the collapse of the Palestinian economy after a month of war and Israel’s near-total siege of Gaza.The gross domestic product shrank 4% in the West Bank and Gaza in the war’s first month, sending over 400,000 people into poverty — an economi... Read the Full Story |
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Markets | | | The British economy flatlined in the third quarter of the year, official figures showed Friday ahead of a budget statement from the government later this month that it hopes will bolster growth in the run-up to national elections.The Office for National Statistics said growth in the July-to-Septembe... Read the Full Story |
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Friday's Early Bird Stock Of The Day STAAR Surgical Company, together with its subsidiaries, designs, develops, manufactures, markets, and sells implantable lenses for the eye, and companion delivery systems to deliver the lenses into the eye. The company provides implantable Collamer lens product family (ICLs) to treat visual disorders, such as myopia, hyperopia, astigmatism, and presbyopia. It markets its products to health care providers, including ophthalmic surgeons, vision and surgical centers, hospitals, government facilities, and distributors, as well as products are primarily used by ophthalmologists. The company sells its products directly through its sales representatives in the United States, Japan, Germany, Spain, Canada, the United Kingdom, and Singapore, as well as through own representatives and independent distributors in China, Korea, India, France, Benelux, Italy, and internationally. STAAR Surgical Company was incorporated in 1982 and is headquartered in Lake Forest, California. | | View Today's Stock Pick |
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