Good MorningEquity markets advanced on Tuesday following a cooler-than-expected CPI report. The headline CPI was flat compared to the prior month, resulting in a 3.2% YOY gain, while the core figure declined to 4.0% YOY and the lowest level in 2 years. The news is on track with the idea that inflation is subsiding and the FOMC will not raise interest rates anymore, causing the S&P 500 to gap higher at the open and rise more than 2.0% at the session's high. The move suggests another attempt by the S&P 500 to cross above the 4,550 level, which could come soon.
The risk for the market is retail earnings. The retailers are reporting this week, and signs of upcoming weakness are already present. The report from HD continues the trend established earlier this year in which quarterly results were better than expected, but guidance was lowered. This situation creates an unstable foundation for markets to rally and may cap gains at the critical level. With the outlook for Q4 earnings growth already receding, weak guidance from the retail sector could send the consensus figure for the broad S&P 500 below 0% and spark the next market correction. Featured: CEO of America's biggest bank has stern warning (Stansberry Research) 
|
Stocks | | |
With risk omnipresent in the market and more reason than 1 to fear a recession, value, yield, and beta are more critical for successful investing than ever. If nothing else, volatility should be expected until early Q2 2024, and those stocks trading at elevated valuations stand to lose the most. W... Read the Full Story |
|
From Our PartnersHe started from nothing and became a multimillionaire...He's now one of the most sought-after trading experts...Yet he operates 858 miles from Wall Street.And now, he's revealing his #1 favorite strategy that targets MASSIVE weekly profits with just one stock ticker. | | | | See The Proof Here |
|
Markets | | |
Archer Aviation Inc. (NYSE: ACHR) stock is up more than 2.7% after a bullish analyst rating. Edison Yu of Deutsche Bank reiterated his bullish rating on the flying car company. In doing so, Yu also maintained his price target of $12 for ACHR stock. That would be a 140% increase from the stock... Read the Full Story |
|
Markets | | |
It is no secret that the market has a severe disapproval bias towards Chinese stocks. This doesn't happen very often, but when it does, guys like the legendary Sir John Templeton come to sweep up the opportunity. At the same time, they let the rest of the market condemn them, only to later praise ... Read the Full Story |
|
From Our PartnersWhat many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now." | | | | Full details and steps to take here. |
|
Markets | | |
When contemplating the appropriate wager on DraftKings Inc. (NASDAQ: DKNG) stock, investors should take the over.
Despite trading at its highest level since November 2021, the digital sports entertainment leader has major league momentum on its side. Thanks to much improved financial results, its... Read the Full Story |
|
Markets | | | Asian shares have retreated after Wall Street added a bit more to its big rally from a day before, while U.S. futures and oil prices were lower. Any lift in sentiment from a meeting between U.S. President Joe Biden and Chinese leader Xi Jinping appeared to fade after Biden, pressed by a reporter on ... Read the Full Story |
|
|
Markets | | |
Generative artificial intelligence (AI) applications like ChatGPT are quickly having their say in many aspects of our daily lives — and TripAdvisor, Inc. (NASDAQ: TRIP) is making sure the online travel booking experience isn’t left out.
In July 2023, the world’s largest in... Read the Full Story |
|
Markets | | | Target on Wednesday reported a hefty third-quarter profit increase that handily beat Wall Street expectations as the retailer held down costs and cut inventory. Revenue slipped more than 4%, however, as customers saddled with broadly higher costs pulled back on spending as the holiday season nears. ... Read the Full Story |
|
Markets | | | Japan's economy contracted at a 2.1% annual pace in July-September as consumption and investment weakened, the government said Wednesday. Weak wage growth in the world’s third-largest economy also sapped its vitality, the Cabinet Office said. In quarterly terms, the economy contracted by 0.5%. The n... Read the Full Story |
|
Markets | | | The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment Read the Full Story |
|
Markets | | | China's economy showed more signs of reviving in October as retail sales and manufacturing picked up though the property sector remained sluggish, the government said Wednesday. Factory output rose 4.6% from a year earlier in October, while retail sales jumped 7.6%, helped by robust spending during ... Read the Full Story |
|
Wednesday's Early Bird Stock Of The Day Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was incorporated in 2002 and is based in Las Vegas, Nevada. | | View Today's Stock Pick |
|
