Good MorningEquity markets were fairly steady on Tuesday ahead of the FOMC policy announcement. The Fed isn't expected to alter policy today when it makes the announcement, but it is expected to sound hawkish. The combination of accelerating inflation and rising oil prices poses a risk for the economy that it can not let stand. Based on the data, the FOMC will likely indicate at least 1 more hike is coming this year and leave the door open to 2 or more by early 2024.
The question for investors is what to expect from the rest of the year. The economy continues to show momentum, and the consumer remains resilient, so the S&P 500 will likely return to earnings growth by year-end. The caveat is that the growth outlook continues to be hampered, which may weigh on price action until the Q3 reporting cycle begins in 3 weeks. As it is now, the S&P 500 is showing a top and looks ready to move lower, given the signal to sell.
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Emerging markets have much to offer investors in 2023 and 2024, including globe-leading growth. The emerging markets are expected to more than double their developed counterparts in 2024, and many pay dividends along with the diversification. The risks with emerging markets include political and l... Read the Full Story |
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Tesla has more than doubled this year. Meanwhile, Ford and General Motors are barely in the green. This wide disparity in stock performances isn't unique to auto manufacturers. Year-to-date returns on auto parts retailers are all also over the road.
Typically, stocks that belong to the same indus... Read the Full Story |
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Known for keeping money in consumer pockets, Savers Value Village, Inc. (NYSE: SVV) may soon be putting money in investor accounts.
North America’s biggest for-profit thrift store operator burst onto the stock market scene this summer as a unique play on the secondhand economy. The owner ... Read the Full Story |
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Restaurant stocks corrected over the summer due to tepid guidance, setting up a new opportunity for income investors. The guidance calls for growth but slowing growth to be offset by wider margins. Wider margins mean earnings stability, if not earnings growth, supporting dividends, dividend growth... Read the Full Story |
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Shares of the Walt Disney Co. (NYSE: DIS) finished higher the week ended September 15 on reports that it was in discussions to sell ABC and other broadcast channels.
Bloomberg reported that Disney was talking with Nextstar Media Group Inc. (NASDAQ: NXST), but the House of Mouse has not conf... Read the Full Story |
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Markets | | | For most of this century, Germany racked up one economic success after another, dominating global markets for high-end products like luxury cars and industrial machinery, selling so much to the rest of the world that half the economy ran on exports. Jobs were plentiful, the government's financial co... Read the Full Story |
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Markets | | | Leading Chinese planners voiced confidence on Wednesday in the outlook for the world’s second-largest economy, holding key interest rates steady amid signs of improvement in some areas such as services. The upbeat tone of officials speaking at a news conference in Beijing was in contrast to forecast... Read the Full Story |
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Markets | | | Inflation across the U.K. fell unexpectedly in August to its lowest level since Russia launched its invasion of Ukraine, a development that has reined in expectations of a 15th straight interest rate increase from the Bank of England on Thursday.The Office for National Statistics said Wednesday that... Read the Full Story |
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Markets | | | A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says Read the Full Story |
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Markets | | | The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed's policymakers also signaled that they expect to raise rates once more this year and... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Arcos Dorados Holdings Inc. operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S. Virgin Islands of St. Croix and St. Thomas, and Venezuela. The company was founded in 2007 and is based in Montevideo, Uruguay. | | View Today's Stock Pick |
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