Good MorningEquity markets were steady and stable on Monday following the rebound last week. The market is digesting the 6% move posted in the previous week and may move sideways for the next 2 to 3 weeks. This week will bring another onslaught of earnings reports, but nothing that should be significantly market-moving. The next big hurdle will come next week when the retailers start to report, and the latest read on the CPI is released. Another cool figure will reinforce the idea that the FOMC is at or near the peak of the rate cycle and send the S&P 500 back to its recent highs.
The risk for the market now isn't that rates will keep rising but that they may stay at this level indefinitely. Labor markets remain strong, and oil demand and high prices will continue to underpin the cost of goods. Without a demand reduction, the cost of goods will remain high and keep the Fed's foot on the brakes. In this scenario, S&P 500 earnings power will continue to erode and cap upside potential in the index. Featured: Buy This Stock for AI Tidal Wave (not NVDA) (Chaikin Analytics) 
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Lithium is the key element required for electric vehicle (EV) batteries. As demand for EVs grows, so does the need for battery-grade lithium. The top lithium-producing countries are China, Chile, Australia, and Argentina. It's a light and highly reactive alkali metal providing strong energy storag... Read the Full Story |
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From Our Partners"Honey-Hole" is slang for a location that yields a valued commodity or resource.
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Markets | | | Asian shares were mixed in muted trading Wednesday as attention focused on prospects for improved China-U.S. relations from meetings next week on the sidelines of a Pacific Rim summit. The Asia-Pacific Economic Cooperation forum meetings in San Francisco offer an opportunity for top leaders from the... Read the Full Story |
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Pharmaceutical stocks aren't having quite the banner year they've had in the past. Notably, two large pharmaceutical companies recently plunged to 52-week lows on their earnings results. Many factors led to weakness, from normalization for COVID-19 treatments, increased biosimilar and generic comp... Read the Full Story |
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Because earnings guidance is a company's best effort to forecast its earnings, it is a leading cause of share price movement. However, simply raising or lowering guidance is not enough to move a market. If a company revises guidance, it has to be changed significantly from the analyst's estimates;... Read the Full Story |
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Markets | | | China's imports rose in October while exports fell for a sixth straight month compared with a year earlier in the latest evidence the world's second largest economy remains in the doldrums.Customs data released Tuesday showed imports climbed 3% from a year earlier to $218.3 billion, while exports fe... Read the Full Story |
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From Our PartnersDiscover how this little-known NASDAQ company is solving a very big problem on the roads. | | | | Continue Reading |
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Payroll companies alleviate the complexities of processing payrolls. They withhold taxes, apply payments to various government agencies, track employee hours, track benefits, comply with regulations, and calculate and process employee paychecks. They can also provide value-added human resources se... Read the Full Story |
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Publicly traded companies utilize debt for many reasons. They can use it to fuel growth, pay dividends, or buy back shares, but like any financial entity, enough is enough. When interest rates were low, it was nothing for an S&P 500 company to run up its leverage because it was cheap to borrow... Read the Full Story |
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Markets | | | UBS reported Tuesday a $255 million pre-tax loss as the giant Swiss bank shed some 4,000 jobs globally, cut costs faster than expected, and reaped billions in asset inflows in the third quarter while moving forward with its government-orchestrated merger with rival Credit Suisse.The Zurich-based ban... Read the Full Story |
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Markets | | | Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. After the fire, she got divorced, which left her with only half the money paid out by insurance — but she budgeted, planned ahead and even... Read the Full Story |
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Markets | | | Australia’s central bank lifted its benchmark interest rate Tuesday for the first time since June with a quarter percentage point hike that brought the cash rate to a 12-year high of 4.35%.The Reserve Bank of Australia’s hike, its 13th since May 2022, was widely expected after the nation’s inflation... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day XPO, Inc. provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services. This segment also offers cross-border U.S., Mexico, Canada, and the Caribbean, as well as engages in the operation of trailer manufacturing. The European Transportation segment offers dedicated truckload, LTL, truck brokerage, managed transportation, last mile, freight forwarding and multimodal solutions, such as road-rail and road-short sea combinations. It provides its services to customers in various industries, such as industrial and manufacturing, retail and e-commerce, food and beverage, logistics and transportation, and consumer goods. The company was formerly known as XPO Logistics, Inc. and changed its name to XPO, Inc. in December 2022. XPO, Inc. was incorporated in 2000 and is based in Greenwich, Connecticut. | | View Today's Stock Pick |
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