Good MorningEquity markets rebounded on Wednesday, but the move may be short-lived. Data due today may reinforce the idea of hot inflation and Fed hawkishness, pushing the timeline for rate cuts out another few months. Among the causes for concern is a spike in mortgage rates, with home buyers pulling back. Another is a risk to the banking sector due to higher for longer interest rates. The risk to small and regional banks is growing by the day, and some may not last until the FOMC decides lower rates are acceptable.
Among the data points due out today is Retail Sales. Retail Sales are expected to fall compared to last year but may outpace consensus due to higher prices at the register and lingering consumer resilience at home. On the one hand, a decline in retail sales may indicate the start of a larger economic slowdown, while on the other hand, a hot read will keep the Fed policy tight. In both cases risk for equities abounds. Featured: This Stock Could Go Up 66% or More. (Chaikin Analytics) 
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Stocks | | | The oil refiners' exchange-traded fund (ETF), the VanEck Oil Refiners ETF (NYSEARCA: CRAK), is outperforming the broader Energy Select Sector SPDR Fund (NYSEARCA: XLE) on a one-month, three-month and one-year basis. The top components in the CRAK ETF are Marathon Petrole... Read the Full Story >> |
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Markets | | | For shareholders of the multinational biotech giant Pfizer Inc. (NYSE: PFE), it might feel like the stock's all-time highs set during the pandemic were centuries ago. After making its COVID-19-related all-time high in late 2021, the stock turned lower and has since been in a steep downtrend, ... Read the Full Story >> |
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Markets | | | There are many ways to collect income from the stocks. Dividends first come to mind as they pay out a small percentage of the stock price and the number of shares you own in cash, usually on a quarterly basis. However, it takes capital to buy and hold the underlying shares. If you already own stoc... Read the Full Story >> |
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Markets | | | Shares rose in Europe and Asia on Thursday after Wall Street stocks recovered much of their sharp losses from a day before. Oil prices declined. Benchmarks rose in most major markets apart from Seoul, while mainland Chinese markets remained closed for the Lunar New Year holiday. Japan reported its e... Read the Full Story >> |
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Markets | | | Quick-service restaurant company Restaurant Brands Inc. (NYSE: QSR) owns four well-known fast food brands, including Tim Hortons, Burger King, Popeyes Louisiana Kitchen and Firehouse Subs. The asset-light consumer discretionary sector company operates under a franch... Read the Full Story >> |
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Markets | | | Japan's economy is now the world's fourth-largest after it contracted in the last quarter of 2023 and fell behind Germany. The government reported the economy shrank at an annual rate of 0.4% in October to December, according to Cabinet Office data on real GDP released Thursday, though it grew 1.9% ... Read the Full Story >> |
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Markets | | | Gene therapy treatments have been making major headlines as advances in gene editing have gone mainstream thanks to the advent of CRISPR/Cas-9 technology. The shot heard around the world in the medical sector occurred on December 8, 2023, when the U.S. FDA approved Casgevy, the first FDA... Read the Full Story >> |
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Markets | | | The British economy fell into recession at the end of 2023 for the first time since the onset of the coronavirus pandemic, as output shrank more than anticipated in the final three months of the year, official figures showed Thursday.In what is a blow for the governing Conservative Party ahead of a ... Read the Full Story >> |
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Markets | | | Lyft shares jumped 62% after the bell Tuesday thanks in part to a typo in the ride-hailing company's earnings release that sent investors' auto-trading algorithms — also known as "bots" — into a buying frenzy Read the Full Story >> |
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Markets | | | How much spending power do U.S. shoppers have left?That's the key question as big U.S. retailers get set to report their latest quarterly results. Even when inflation was high, interest rates were shooting upward and worries were rising that a recession seemed inevitable, U.S. consumers kept spendin... Read the Full Story >> |
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