Good MorningEquity markets hovered near record highs for the third day on Wednesday as traders waited on the most critical data reading this quarter, the PCE Price Index. The PCE is the FOMC's favored tool to gauge consumer-level inflation and is expected to be hot. Analysts forecast a sequential increase at the headline and core levels, keeping the YOY comps well above the Fed's target range. At these levels, the Fed will unlikely cut rates before June and may wait until after the summer.
In this scenario, the S&P 500 is unlikely to experience the robust earnings growth acceleration forecasted for this year, a potential catalyst for a massive sell-off. The S&P 500 has advanced solidly this year without a significant round of profit-taking, and the charts are oversold. However, the risks for traders go both ways. The data may be hot, but still not hot enough to spook investors. The S&P 500 is working hard on improving margins, controlling costs, and building leverage. The Fed may not cut rates as soon as expected but will cut rates when it sees the proper time. The takeaway is that the economy is still growing, the market is rallying, and the Fed Put is in place. Featured: The World's First "$20 Trillion Drug"? (Behind the Markets) 
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While our readers will be well used to hearing how the hottest tech stocks are back trading at all-time highs, there are few stocks from the more traditional industries doing the same thing. Take retail, for example; Ralph Lauren Co. (NYSE: RL) is having a great run but has yet to t... Read the Full Story |
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Freshpet (NASDAQ: FRPT) is a well-known refrigerated pet food products company. Freshpet’s earnings for Q4 2023 and FY 2023 have caught market attention, sending the stock up over 15% . This surge can be attributed to a combination of factors, including the company's strong financial perform... Read the Full Story |
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Stocks | | | U.S. stocks are drifting Wednesday and edging a bit lower from their all-time highs.The S&P 500 was down 0.1% in afternoon trading, continuing a quiet and listless run since it set a record last week. The Dow Jones Industrial Average was down 74 points, or 0.2%, as of 12:08 p.m. Eastern time, an... Read the Full Story |
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Stocks | | | Asian stocks gained Friday, after U.S. stocks climbed to all-time highs Thursday.U.S. futures edged higher and oil prices advanced. Tokyo’s Nikkei 225 rose 1.7% to 39,850.00.Japan’s unemployment rate dropped to 2.4% in January, from a revised 2.5% recorded in the previous month, while the purchasing... Read the Full Story |
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Cars.com Inc. (NYSE: CARS) and Carvana Co. (NYSE: CVNA) are two different ways to play the retail automotive market. Both companies are attempting to modernize and digitize the car buying experience. However, the two automotive stocks are behaving very differently.
Despite showing year-ove... Read the Full Story |
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From Our PartnersLaser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%... | | | | Here's the next stock we think soars >>> |
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Despite some ethical concerns, U.S. Senate and House of Representatives members frequently buy and sell stocks of publicly traded companies, often with fantastic returns.
Elected officials' trading habits are also public data in their mandatory financial disclosures, so MarketBeat's congres... Read the Full Story |
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If you are bullish on any optionable stock in any stock sector, you can play any number of options trades. The easiest directional strategy is to buy a call option. However, you will fight time whenever you own a long call option since the Theta (time decay) works against you. Even if the underlyi... Read the Full Story |
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Markets | | | Beyond Meat shares soared Tuesday as investors cheered better-than-expected fourth quarter revenue and a new, healthier burger that could help revive U.S. sales.The plant-based meat maker's stock jumped more than 78% in after-market trading.The El Segundo, California-based company said its revenue f... Read the Full Story |
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Markets | | | The U.S. economy grew at a robust 3.2% annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate Read the Full Story |
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Markets | | | Fewer banks tightened lending standards as 2023 came to a close, a hopeful sign for businesses that broader loan access is on the horizon.Lending standards are essentially the measures used by a bank to determine whether a business or person gets a loan. Tighter standards, such as stronger credit an... Read the Full Story |
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Thursday's Early Bird Stock Of The Day TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs) in the United States, Mexico, Europe, the Middle East, Africa, and India. It also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona. | | View Today's Stock Pick |
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