Good MorningEquity markets started the week on solid footing, holding steady from the previous week's close at record highs. The resilience is noteworthy ahead of this week's CPI data and FOMC meeting, which may alter the outlook for inflation and interest rates. The CPI is expected to show inflation slowing on a month-to-month basis but for the year-over-gains to be steady compared to the prior reading. At these levels, near 3.5%, the market should not expect to see a rate cut until next year because of the pace. At the current pace, core inflation may not hit the target 2.0% level for several more quarters, leaving the FOMC no choice but to keep rates high.
The S&P 500 may continue to move higher regardless of what the Fed says in its statement. Short of an expectation for economic catastrophe, hot inflation means demand and business activity, both driving S&P earnings growth. The market can sustain higher index prices as long as earnings continue to grow. When that situation changes, look out below. Featured: I built a stock prediction system (WealthPress) 
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Markets | | | Shares of HP Inc. (NYSE: HPQ) have recently broken out of their previous $27 to $30 a share channel; of course, this price action had been relatively justified. The company's recent quarterly financial results show how the comeback in the personal computer (PC) space could mean good news for the c... Read the Full Story >> |
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Markets | | | Call it a stretch, but the future of AI is the metaverse. The metaverse is already powered by data centers, the cloud, and AI, and that relationship will only intensify. The metaverse is a persistent digital world that AI will help unlock, and the benefits will go both ways. As AI and the metavers... Read the Full Story >> |
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Markets | | | Rideshare operator Lyft Inc. (NASDAQ: LYFT) made bold 2027 growth projections for its Investor Day, which caused shares to gap up to $17.29 initially but failed to sustain the move. The number two rideshare provider in the country is trying to close the gap with its number one competitor, Uber T... Read the Full Story >> |
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Markets | | | On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking "greedflation" and "shrinkflation."But for the past several months, top Bid... Read the Full Story >> |
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Stocks | | | World shares were mixed on Tuesday in a busy week that will bring several top-tier reports on U.S. inflation along with a policy meeting of the Federal Reserve.The future for the S&P 500 shed 0.1% and that for the Dow Jones Industrial Average was down 0.2%.Britain's FTSE 100 lost 0.3% to 8,205.0... Read the Full Story >> |
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Markets | | | Activist shareholder Elliott Investment Management has bought a $1.9 billion stake in Southwest Airlines and is seeking to force out the CEO of the airline, which has struggled with operational and financial problems.Shares in the airline rose 7% Monday, their second-best day since 2020.In a letter ... Read the Full Story >> |
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Markets | | | Autodesk Inc. (NASDAQ: ADSK) is a leading provider of 3D design, engineering, and entertainment technology solutions. It's widely known for its computer-aided design (CAD) programs used by engineering, design, architecture, and construction firms. The computer and technology sector company is hi... Read the Full Story >> |
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Markets | | | After years of closing or mostly neglecting physical bank branches across the U.S., the nation's largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch Read the Full Story >> |
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Markets | | | The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year, slightly better than the initial estimate at a 2.0% contraction, according to revised government data Monday.The revision was due to private sector investments, at minus 0.4%, up from the previous minus 0.5%.Sea... Read the Full Story >> |
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Markets | | | Understanding your risk tolerance is essential to making sound investment decisions. An accurate risk tolerance assessment will help you choose suitable investment strategies to create a balanced portfolio that matches your risk appetite. And when your investment choices align with your financial go... Read the Full Story >> |
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Tuesday's Early Bird Stock Of The Day Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name. It also provides relaxed casual shoes and sandals un... | | View Today's Stock Pick |
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