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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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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Markets | | | The pandemic accelerated the video streaming migration, which was the death knell for the cinema business. Movie theater stocks haven’t made headlines since the meme stock mania in 2021. However, in 2024, their stocks have been hiding in plain sight while making stealth recoveries. The adven... Read the Full Story |
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Markets | | | Like its participants, the market goes through cycles, some of which are predictable on a fundamental and statistical basis. Today, the S&P 500 is experiencing a headwind caused by two factors: historically slow stocks in September and the potential effects of the Federal Reserve (the Fed) cut... Read the Full Story |
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Markets | | | 2025 will be a good year for stocks, especially smaller companies like Braze (NASDAQ: BRZE), LightPath Technologies (NASDAQ: LPTH), and Guidewire (NYSE: GWRE). Not only is the FOMC on track to reduce interest rates and usher in a new age for equities, but the AI focus will move from infrastructure... Read the Full Story |
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Markets | | | Shares were mixed in Asia on Tuesday after the Dow Jones Industrial Average set a record as Wall Street geared up for Federal Reserve's most anticipated meeting in years. Tokyo's Nikkei index fell 2% to 35,828.54 and the Hang Seng in Hong Kong advanced 1.4% to 17,661.70. Markets in mainland China an... Read the Full Story |
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Markets | | | 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 | | | Global shares were mixed Wednesday as investors awaited an expected interest rate cut by the U.S. Federal Reserve, the first in more than four years.France's CAC 40 lost 0.2% in early trading to 7,474.92, while Germany's DAX inched down less than 0.1% to 18,723.53. Britain's FTSE 100 shed 0.5% to 8,... 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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Markets | | | Global shipping company ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has seen its business improve across the board since the start of the Red Sea conflict, which began on October 19, 2023. The conflict elevated spot shipping rates, benefiting transportation companies&nb... Read the Full Story |
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Markets | | | Inflation in the U.K. held steady at an annual rate of 2.2% in August, with higher air fares offset by lower fuel costs and restaurant and hotel bills, official figures showed Wednesday.The latest reading from the Office of National Statistics means inflation remains just above the Bank of England's... 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 exclusivel... | | View Today's Stock Pick |
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