Good MorningEquity markets advanced on Monday in hopes that the CPI data will confirm the cooling of inflation. The risk for investors is that it will come in hotter than expected and prove the FOMC right to sound so hawkish. Even if the CPI comes in as-expected, it calls for a 5.4% increase in core consumer inflation versus last year, which is no reason to think the FOMC will back off its policy stance soon.
The most significant risk for the market, as always, is the earnings outlook. The S&P 500 earnings growth outlook continues to deteriorate and may soon turn negative for the year. In this scenario, US businesses are already in an earnings recession, which could linger until the end of the year. The good news is that this year's decline will set the market up for a return to growth in 2024, but that assumes the FOMC will start lowering rates by then. Featured: 3 Potential Sky-High Performers (WIA) 
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At his State of the Union address, US President Joe Biden promoted the Junk Fees Prevention Act (JFPA) to eliminate "junk fees". The act introduced in October of 2022 was initially aimed at the airline industry. The scope has expanded to include various industries, including credit cards, banking,... Read the Full Story |
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With the U.S. economy teetering towards a recession, Wall Street’s estimates for corporate earnings have been trending lower. On the bright side, this could create more opportunities for traders to gain on positive earnings surprises.
For the mid-cap S&P 400 index, analysts are projecti... Read the Full Story |
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As if a beat on its EPS and revenue estimates wasn’t enough in last week’s earnings report, Ralph Lauren Corp (NYSE: RL) got another feather in its cap. As the bell rang to start yesterday’s trading, the team at Bank of America upgraded their rating on Ralph Lauren stock, moving ... Read the Full Story |
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From Our PartnersWant to join a small community of investors looking for the next big
winners in 2023? These 3 Stocks are potential sky-high performers you should be watching heading into Monday. | | | | Click Here for Names & Ticker Symbols |
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Chegg (NYSE: CHGG) has helped college students ace their courses for several years, often with little to no actual work. Chegg's massive homework and exam answers database has become indispensable for many students who have grown accustomed to doing little homework.
But the hype around ChatGPT an... Read the Full Story |
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Markets | | | Global shares mostly rose Tuesday, boosted by a rally on Wall Street, as investors waited for U.S. consumer price data due out later in the day.
France's CAC 40 added nearly 0.1% in early trading to 7,214.85, while Germany's DAX also rose less than 0.1%, to 15,400.76. Britain's FTSE ... Read the Full Story |
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Politics | | | U.S. inflation likely slowed again last month in the latest sign that consumer price increases are becoming less of a burden on America's households. But Tuesday's report from the government may also suggest that further progress in taming inflation could be slow and “bumpy,” as Federal Reserve Chai... Read the Full Story |
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Markets | | | An economist was nominated Tuesday to head Japan's central bank and take on the daunting task of guiding the world's third-largest economy to stronger, stable growth.
The government's choice of Kazuo Ueda, who earlier served on the central bank's policy board, to succeed Haruhiko Kur... Read the Full Story |
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Markets | | | The Japanese economy grew at an annual pace of 0.6% in October-December, the government reported Tuesday, managing to eke out growth after a contraction in the previous quarter.
The world’s third-largest economy has struggled amid restrictions related to the coronavirus pandemic, a s... Read the Full Story |
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Markets | | | Ford Motor Co. plans to build a $3.5 billion factory in Michigan that would employ at least 2,500 people to make lower-cost batteries for a variety of new and existing electric vehicles.
The plant, to be built on land being readied for industrial development about 100 miles (160 kilom... Read the Full Story |
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Late last year, shares of Life Storage, Inc. (NYSE: LSI) slipped below $100, culminating a rough year for self-storage real estate investment trusts (REITs).
A nightmare scenario of soaring apartment rents and rising mortgage rates kept more Americans in their homes — and demand for s... Read the Full Story |
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Tuesday's Early Bird Stock Of The Day Old Dominion Freight Line, Inc. operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2023, it owned and operated 10,791 tractors, 31,233 linehaul trailers, and 15,181 pickup and delivery trailers; 46 fleet maintenance centers; and 257 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina. | | View Today's Stock Pick |
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