Good MorningEquity markets advanced on Tuesday, driven by hope for cooling inflation and news from the retail sector. Private equity firms have made a joint offer to take mall-based Macy's private. The deal alleges the stock is deeply undervalued, highlighting value across the industry. Names like Kohl's and Abercrombie & Fitch also advanced on the news gaining mid to high-single digits for the day.
Today's market-moving event will be the CPI index. The index is expected to reveal that core inflation is holding steady compared to the previous month, keeping the FOMC in wait-and-see mode. The risk for traders is hotter or cooler than expected data, with the FOMC meeting set for Wednesday. The committee isn't likely to alter its policy but could begin to signal the next policy shift, which would be a bullish catalyst for the market. The S&P 500 advanced 0.4% for the session setting a new high for the year; the index is still below significant resistance targets at the current all-time high. Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
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A Santa Claus rally is an upturn in the stock market in the trading week between the Christmas and New Year's holidays. In 2023, investors will be eyeing the period between December 26 and December 29 for signs of this common, but not assured occurrence.
There are many theories to explain w... Read the Full Story |
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From Our PartnersEverything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for just $5. | | | | Click here for full details. |
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Project management and work collaboration software-as-a-service (SaaS) provider Asana Inc. (NYSE: ASAN) reported top and bottom line estimate beats and raised its Q4 guidance on its Q3 2023 earnings report. Investors expected a price gap up-and-go reaction to the strong report but instead were tre... Read the Full Story |
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The customer is always right when it comes to the bottom line. The key to any growing business is keeping customers happy and coming back for more. Despite uncertain macroeconomic conditions, customer relationship management (CRM) companies like Salesforce Inc. (NASDAQ: CRM) are flourishing, espec... Read the Full Story |
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From Our PartnersDozens of 100% - 1,000% opportunities over the last decade have led to this one under-the-radar A.I. stock... | | | | More here. |
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The J.M. Smucker Co. (NYSE: SJM) is a leading consumer packaged goods company with a family of trusted brands you may not know. It's a member of the consumer staples sector along with its competitors like General Mills Inc. (NYSE: GIS) and Conagra Brands Inc. (NYSE: CAG). Smucker operates in three... Read the Full Story |
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Markets | | | A large, long-shot effort is being developed to mobilize money to save Planet Earth.Climate finance experts say trillions of dollars are needed for forestry projects and renewable energies like solar and wind in the developing world, all aimed at slashing pollution from the burning of oil, gas and c... Read the Full Story |
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Cybersecurity firm SentinelOne Inc. (NYSE: S) shares have staged a full 180-degree reversal from its heartbreaking collapse at $12.32 in May 2023 to striking new 52-week highs on December 8, 2023. The company specializes in autonomous extended (threat) detection and response (XDR) solutions powere... Read the Full Story |
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Stocks | | | Asia markets opened higher following a positive close on Wall Street. Investors are eagerly awaiting a crucial U.S. inflation report later in the day, which will likely set the tone for the Federal Reserve’s final meeting of the year on Wednesday.U.S. futures and oil prices advanced.Tokyo’s Nikkei 2... Read the Full Story |
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Markets | | | Occidental is buying oil and gas company CrownRock in a cash-and-stock deal valued at about $12 billion."We found CrownRock to be a strategic fit, giving us the opportunity to build scale in the Midland Basin," Occidental President and CEO Vicki Hollub said in a statement, referring to the vast oil ... Read the Full Story |
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Markets | | | A windfall in government income from petroleum production is slowing down but far from over in New Mexico as the nation's No. 2 oil-producing state grapples with how much it can effectively spend — and how to set aside billions of dollars for the future in case the world's thirst for oil falters.The... Read the Full Story |
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Markets | | | President Joe Biden goes into next year's election with a vexing challenge: Just as the U.S. economy is getting stronger, people are still feeling horrible about it.Pollsters and economists say there has never been as wide a gap between the underlying health of the economy and public perception. The... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day NetApp, Inc. provides cloud-led and data-centric services to manage and share data on-premises, and private and public clouds worldwide. It operates in two segments, Hybrid Cloud and Public Could. The company offers intelligent data management software, such as NetApp ONTAP, NetApp Snapshot, NetApp SnapCenter Backup Management, NetApp SnapMirror Data Replication, NetApp SnapLock Data Compliance, and storage infrastructure solutions, including NetApp All-Flash FAS series, NetApp Fabric Attached Storage, NetApp E/EF series, and NetApp StorageGRID. In addition, it provides cloud storage and data services comprising NetApp Cloud Volumes ONTAP, Azure NetApp Files, Amazon FSx for NetApp ONTAP, NetApp Cloud Volumes Service for Google Cloud, and cloud operations services, such as NetApp Cloud Insights, Spot by NetApp, and Instaclustr. Further, the company offers application-aware data management service under the NetApp Astra name; and professional and support services, such as strategic consulting, professional, managed, and support services. Additionally, it provides assessment, design, implementation, and migration services. The company serves the energy, financial service, government, technology, internet, life science, healthcare service, manufacturing, media, entertainment, animation, video postproduction, and markets through a direct sales force and an ecosystem of partners. NetApp, Inc. was incorporated in 1992 and is headquartered in San Jose, California. | | View Today's Stock Pick |
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