Good MorningEquity markets wobbled for a 2nd straight day as investors weigh the impacts of the latest round of economic data. The January retail sales came in hot at up 3.0% despite the pressure of inflation, say some headlines. The real takeaway is that sales jumped 3.0% because of inflation and higher prices. In most cases, S&P 500 companies are reporting a unit volume decline offset by higher pricing. In this scenario, sales can only increase by so much until the consumer is stretched to the limit.
The release of the producer price index will impact Thursday's action. If the producer price index comes in hot and confirms the near-term acceleration of inflation, the market will not take the news well. The S&P 500 is already struggling to maintain its footing at its current level; another indication the FOMC will continue to hike rates and keep them high could spark a "head for the hills" rush for the exits and bring the entire market down with it.
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In the wide world of investments, the terms ‘large cap’ and ‘penny stocks’ don’t often go together.
One describes an established, highly valued company. The other is an unproven, high-risk gamble.
Moreover, large caps and penny stocks generally attract two ver... Read the Full Story |
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Cloud networking specialist Arista Networks Inc. (NYSE: ANET) cleared a cup base on February 14 after reporting better-than-expected fourth-quarter results. The company also issued strong revenue guidance.
Shares rocketed 4% in triple average volume, reaching their best levels in over... Read the Full Story |
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Markets | | | Asian shares edged higher Thursday, cheered by a stronger than expected reading on U.S. retail sales that set off a rally on Wall Street.
In the latest data on the regional economy, Japan's trade deficit reached a record 3.497 trillion yen ($26.2 billion) in January. Imports for the ... Read the Full Story |
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Markets | | | Asian shares were mostly higher Thursday, cheered on by a stronger than expected reading on U.S. retail sales that set off a rally on Wall Street.
In the latest data on the regional economy, Japan's trade deficit reached a record 3.497 trillion yen ($26.2 billion) in January. Imports... Read the Full Story |
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Markets | | |
Restaurant Brands International (NYSE: QSR) issued a mixed q4 report and is still facing headwinds, but that is no deterrent for the analysts. At least 6 sell-side analysts have come out with commentary since the Q4 release, and all support the price action. There were no upgrades or downgrad... Read the Full Story |
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Markets | | | Global shares were mostly higher Thursday, cheered on by a stronger than expected reading on U.S. retail sales that set off a rally on Wall Street.
France's CAC 40 edged up 0.8% in early trading to 7,356.36. Germany's DAX added 0.5% to 15,586.02. Britain's FTSE 100 gained 0.3% to 8,0... Read the Full Story |
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It is because of momentum if you wonder why Roblox (NYSE: RBLX) shares popped more than 20% in a single session. After years of struggling to grow beyond the core age group and operating model (games for kids under 17), the company is showing traction. Roblox reports strong growth with the over-17... Read the Full Story |
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Politics | | | Nigerian President Muhammadu Buhari said Thursday that the country's redesigned currency would bolster the upcoming presidential election, appealing for an end to violent protests over a resulting cash shortage that has led to daylong lines at banks, business closures and people unable to pay for ba... Read the Full Story |
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Markets | | | The Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1% — a bleak outlook that was paired with a 10-year projection that publicly held U.S. debt would nearly double to $46.4 trillion in 2033.
The ... Read the Full Story |
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You may not be able to tell by the charts, but the GXO Logistics (NYSE: GXO) spin-off was the right move at the right time. The hiccups in supply chain productivity caused by the pandemic highlighted the benefits of this logistics specialist and are driving sustained growth for the company.
The Q... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Kaival Brands Innovations Group, Inc. sells, markets, and distributes electronic nicotine delivery system (ENDS) products and related components in the United States. The company offers Bidi Stick, a disposable and tamper-resistant ENDS product in various flavor options for adult cigarette smokers. It sells its products to non-retail customers through convenience stores and the website www.wholesale.bidivapor.com. The company was formerly known as Quick Start Holdings, Inc. and changed its name to Kaival Brands Innovations Group, Inc. in July 2019. The company is based in Grant-Valkaria, Florida. Kaival Brands Innovations Group, Inc. is a subsidiary of Kaival Holdings, LLC. | | View Today's Stock Pick |
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