Good MorningEquity markets tried to advance on Tuesday after better-than-expected retail sales data but could not hold the gains. The 0.2% monthly retail sales figure is better than expected, but the YOY gains don't offset inflation, and the core figure, ex-autos, was tepid. The takeaway is that retail sale growth is sluggish at best and on the brink of contracting after years of tight Fed policy.
The price action in the S&P 500 could spell trouble for traders and investors on Wednesday. The move shows resistance at the existing all-time high and raises the odds that the FOMC policy decision will be a sell-the-news event no matter what. The takeaway is that market volatility is expected to remain elevated and could lead to whipsaw price action, if not a significant decline in equity prices. Friday could be a challenging trading day as it is triple-witching for equity, index options, and futures.
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There aren’t too many stocks in the technology sector that offer the type of discount that shares of Intel Co. (NASDAQ: INTC) offer. The stock has been under a lot of scrutiny for falling behind the artificial intelligence race and sticking to what had been safe for its business: the persona... Read the Full Story |
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Markets | | | U.S. stock indexes remained stuck in place on Tuesday as Wall Street made few big moves ahead of what’s expected to be the first cut to interest rates in more than four years.The S&P 500 edged up by 1.49, or less than 0.1%, to 5,634.58. It remains 0.6% below its all-time closing high set in July... Read the Full Story |
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Gold has surged to a new all-time high, rising 33.5% over the past year to $2,583.64/oz. This is driven by easing inflation and expectations that the Federal Reserve will cut interest rates after recent data signaled a slowing U.S. economy. As inflation nears the Fed’s 2% target, gold h... Read the Full Story |
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From Our PartnersWelcome to the financial rollercoaster of 2024, where inflation is persistent, stock markets are overinflated and volatile, global conflicts are intensifying, and the national debt is reaching new heights.
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Galmed Pharmaceuticals (NASDAQ: GLMD), a little-known biotech stock, has become the center of attention as its shares have skyrocketed close to 400%. By 2 pm, the stock had traded over 80 million shares, a monumental leap from its average daily volume of just 75,000.
The sudden surge begs the que... Read the Full Story |
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Markets | | | U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates.The S&P 500 slipped 0.3% to pull 0.9% below its all-time high set in July. The Dow Jones Industrial Average dipped 103 points, or 0.2%,... Read the Full Story |
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If the stock price of Beyond Meat Inc. (NASDAQ: BYND) is any indication, the plant-based meat boom has come and gone. The stock peaked at a whopping $239.71 in July 2022 and has since withered away to an all-time low of just $5.20 on Aug. 5, 2024. Despite losing 97.4% of its value from the highe... Read the Full Story |
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Markets | | | Since childhood, Loveness Bhitoni has collected fruit from the gigantic baobab trees surrounding her homestead in Zimbabwe to add variety to the family’s staple corn and millet diet. The 50-year-old Bhitoni never saw them as a source of cash, until now.Climate change-induced droughts have decimated ... Read the Full Story |
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Markets | | | Allowing people to bet on the outcome of U.S. elections poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that wants the bets to be banned.The C... Read the Full Story |
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Restaurant Brands (NYSE: QSR) owns massive fast-food chains like Burger King, Popeyes, and Tim Hortons. The company has received approval for its share buyback program, under which it will be able to repurchase up to 10% or $500 million worth of its outstanding shares over the next year.... Read the Full Story |
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Markets | | | The Bank of England is widely expected to keep interest rates unchanged after official figures showed Inflation in the U.K. holding steady at an annual rate of 2.2% in August, with higher airfares offset by lower fuel costs and restaurant and hotel bills Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, S&P Global Ratings and Fitch Ratings, Inc. | | View Today's Stock Pick |
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