Good MorningEquity markets rallied on Thursday on stronger-than-expected retail sales. Retail sales accelerated to 0.6% MoM from the prior read and suggest continued resilience in the US economy. Likewise, the latest read on the Fed's GDP shows US GDP advancing nearly 5.0% in Q3, a double-edged sword for the market. With CPI hot, PPI hot, and oil prices up, it's hard not to think the gains are underpinned by higher prices rather than actual demand. This means an increasing chance for additional FOMC interest rate hikes and another nail in this market's coffin.
The S&P 500 increased nearly 1.0% on Thursday's news, but there is a significant hurdle overhead. The market moved higher but is still below the critical 4,545 level, which could provide stiff resistance. The next major catalyst is the FOMC meeting next week; if the market confirms resistance at that level following the policy announcement, a significant correction will likely follow. Featured: Free Stock Analysis Report: Get Buy, Sell, or Hold Recommendation (Vector Vest) 
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Markets | | | If you had to name the S&P 500 stock that’s expected to grow revenue by 151% this year, would you have named casino operator Las Vegas Sands Corp. (NYSE: LVS), or AI titan Nvidia Corp. (NASDAQ: NVDA)? As you can tell by that question, Wall Street has a positive view of Las Vegas Sands, ... Read the Full Story >> |
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Stocks | | | By now, it is no secret that Asia's powerhouse is making its way out of contractions and setting those who were - and are - brave enough to invest in it for success. China is giving markets several selling points about its next boom, making its undervalued equities an attractive place to invest t... Read the Full Story >> |
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Stocks | | | Growth comes better in pairs, or in this case, in trios. Investors have a rare chance to invest in what could be called the perfect trifecta of undervalued quality. Just like Warren Buffett paid what was a 'premium' price for Coca-Cola (NYSE: KO) back in his day, the modern-day version of this in... Read the Full Story >> |
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Markets | | | In a growing digital landscape, artificial intelligence (AI) is no longer the sole domain of large companies. In a poll by Vistage involving 1,467 leaders of small and mid-sized businesses, 13.6% indicated they are presently using AI in their operations. Specifically, 6.9% are applying it to busines... Read the Full Story >> |
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Markets | | | Just because the naysayers have been amplified doesn't mean DEI (diversity, equity and inclusion) is dead or should be abandoned. In fact, now is the time to turn up the volume on what's been going well in our DEI efforts.In 2022, 81% of companies polled reported that having DEI initiatives was bene... Read the Full Story >> |
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Markets | | | Apple's (NASDAQ: AAPL) iPhone 15 event has come and passed, leaving the market with several updates to ponder. The event included updates to the iPhone, the Watch, Airbuds, and other Apple products and should help drive the next upgrade cycle. The question is if the coming cycle will be enough to ... Read the Full Story >> |
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Markets | | | As a business owner, you're probably wondering what you can be doing to retain your best people, particularly in today's tight labor market.Having a happy workforce is a surefire way to avoid employee turnover and produce a team that is highly productive. Positive relationships at work between the e... Read the Full Story >> |
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Markets | | | Every person who's founded a business knows that financing your idea is one of the hardest but most important early steps. In fact, creating a stable financial nest for your new company might be the difference between a company that thrives and one that fizzles out.There are two primary methods of f... Read the Full Story >> |
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Markets | | | Walt Disney Co. is in preliminary talks about potentially selling ABC network and TV stations, with Nexstar Media Group (the largest owner of local television and broadcast networks in the country) showing interest, Bloomberg reported on Thursday.While the discussions are said to be in the early sta... Read the Full Story >> |
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Markets | | | The homebuilders and Lennar (NYSE: LEN) have rallied higher in 2023, defying the odds despite a slowdown in the housing market. While there have been reasons to believe the industry was heading towards a cliff, the results continue to tell a different tale. Within the Q3 results are signs of stren... Read the Full Story >> |
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