Good MorningEquity markets continue to tread water near critical resistance. Thursday's action was driven by an as-expected read on consumer inflation that reinforces the idea the FOMC will start cutting interest rates soon. The risk is that rapidly slowing inflation will turn into receding inflation and drive the Fed to make aggressive cuts. In that scenario, the release of pent-up demand in the housing sector could send inflation back to record highs. Next week will bring another hurdle for market participants. The monthly labor data is due out and will either confirm persistent labor market strength and wage inflation or show eroding business activity. In either case, the S&P 500 earnings growth outlook will suffer and cap gains for equities. As it is, the range-bound S&P 500 is trading near critical resistance, showing a string of Spinning Tops with deteriorating indicators with a substantial risk of correction. Featured: "This Could be the Biggest Stock Story of 2023" (Chaikin Analytics) |
Stocks | | Consumer discretionary stocks in 2023 present a captivating blend of potential growth, trend exposure and enticing dividends. As we research the best consumer discretionary stocks for the year's second half, we find that these stocks appeal to investors seeking dynamic investment opportunities. L... Read the Full Story >> |
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Markets | | The retail sector experienced a robust start to the holiday shopping season as U.S. shoppers were enticed by substantial discounts across various categories, resulting in $38 billion in online spending over the Thanksgiving weekend. Despite prevailing economic uncertainties, this surge in s... Read the Full Story >> |
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Markets | | NetApp, Inc. (NASDAQ: NTAP) has to be one of the few remaining tech stocks out there that hasn’t yet reclaimed its highs from the Dot Com bubble. Bill Clinton was still in the White House when NetApp shares last set a record, and while it may be some time before that’s topped... Read the Full Story >> |
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Markets | | Since its establishment in 1990, Ulta Beauty Inc. (NASDAQ: ULTA) has evolved into a trailblazer in the beauty retail sector, carving a niche that redefines consumer experiences. From its strategic shifts in leadership and market projections to its diverse product offerings and commitment to social r... Read the Full Story >> |
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Markets | | Ambarella (NASDAQ: AMBA) has struggled with weak demand and an inventory glut for over a year but should soon come out of its slump. Indications from the Q3 results suggest that growth will resume in the next fiscal year and will accelerate over the next few years. Additionally, the forecasts for ... Read the Full Story >> |
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Markets | | The holidays are challenging for many people because they can be lonely. Throw in recovering from a trauma — like divorce — and they instantly become even more difficult. It can be so bad that instead of focusing on recovering, the fear of being alone and lonely can lead one into unhealthy patterns ... Read the Full Story >> |
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Markets | | The integrated team, a group of leaders dedicated to both the success of their own areas of expertise and the success of the whole, is the secret sauce that can help you achieve sustainable competitive advantage. Read the Full Story >> |
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Markets | | We lionize successful entrepreneurs such as Steve Jobs, Elon Musk, Bill Gates, Henry Ford and Thomas Edison. They inspire and motivate us to pursue greatness. We study them to learn their secrets to success.When we peel the onion, common factors such as finding the courage to pursue a dream, having ... Read the Full Story >> |
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Markets | | Chick-fil-A is getting set to "produce original content," according to a new job post on the company's website, and it's looking for an "entertainment producer" who specializes in "family-based entertainment, scripted podcasts, and audio adventures" to make it happen.The popular chicken chain wrote ... Read the Full Story >> |
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Markets | | The price of WTI and Brent crude fell despite another production cut from the Organization of the Petroleum Exporting Countries (OPEC). The cut was expected and helps keep the oil market in a tight balance, so this looks like a buy-the-rumor-sell-the-news event. Ultimately, OPEC has created c... Read the Full Story >> |
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