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TipRanks
Inflation at 8.2%: 2 ‘Strong Buy’ Dividend Stocks to Protect Your Money
Last month, the Federal Reserve implemented its fifth straight interest rate hike this year, and its third consecutive hike at 75 basis points, bringing its key funds rate up to the 3% to 3.25% range. The move showed that the central bank is deadly serious about taking on the stubbornly high inflation that has been plaguing the economy since the middle of 2021. The Fed’s turn toward an aggressive anti-inflationary policy may not be hard enough, however, as the September data, released this morni
Benzinga
7,300% Return In Just 4 years — Early Investors Hit Big With This Stock
Almost everyone has dreamt of hitting the lottery and played the “What would you do?” game. It’s fun to imagine hitting it big, and every year millions of Americans buy lottery tickets every week, leaving their pursuit of wealth up to fate. Some, however, take their financial futures into their own hands and scour data, press releases and every crevice of the internet for a piece of information that may lead to riches. Netflix Inc. recently released “Eat The Rich,” a documentary outlining GameSt
TipRanks
Jim Cramer Says Stocks Will Climb Once Fed Signals Shift; Here Are 2 Names to Watch
Inflation is high, the Fed is aggressively hiking interest rates, and the markets keep testing their lows for the year. The rest of this week will see several key monthly reports, including the consumer price index, or the inflation report, on Thursday. Currently, inflation is up 8.3% since last year, and economists are expecting that number to decline to 8.1%. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, is finding a silver lining in the current situation, telling investors, “
MarketWatch
These are the types of companies Warren Buffett says you should invest in during times of high inflation
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. And at a 2009 shareholder meeting, Buffett noted that the first best thing you can do to protect against inflation is to invest in yourself and your skills: “If you’re the best teacher, if you’re the best surgeon, if you’re the best lawyer, you will get your share of the national economic pie regardless of the value of whatever the currency may be,” he said.
MarketWatch
Why stocks scored a historic bounce after another hot inflation report
Stock-market investors can be forgiven for feeling a little dizzy after a day that saw stocks plunge in reaction to another round of hotter-than-expected inflation data only to surge higher and extend gains into the closing bell. “While I certainly wouldn’t classify this morning’s flush capitulatory, the stock market is dealing with disappointing inflation reports a lot better than a short time ago,” said Mark Arbeter, president of Arbeter Investments LLC, in note. The Dow Jones Industrial Average (DJIA) fell just shy of 550 points, or 1.88%, but ended the day up 827.87 points, or 2.8%, at 30,038.72.
Barrons.com
Inflation Was Terrible. Here’s Why the Market Rallied.
The stock market took it literally on Thursday with a massive rally following an inflation reading that everyone agreed was way too hot. The CPI rose 0.4% in September, up from 0.1% in August, and above estimates for 0.2%. Core consumer prices, which don’t include food and energy, rose 0.6%, above forecasts for 0.4%, and unchanged from August.
The Wall Street Journal
Wells Fargo Says $2 Billion Charge Hit Earnings
Wells Fargo Co’s earnings report is out. One head-turner: a $2 billion charge. Here are the highlights: + The bank said the charge was tied to resolving its long-running legal and regulatory issues. The bank didn’t give much in the way of details except to say this: “Our solid business performance in the third quarter was significantly impacted by $(2.0) billion, or $(0.45) per share, in operating losses related to litigation, customer remediation, and regulatory matters primarily related to a v
Bloomberg
BofA Strategists See More Pain in Store Before Stocks Reach Low
(Bloomberg) — Stock markets and the US economy will have to experience more pain before the Federal Reserve pivots away from its aggressive policy tightening, according to Bank of America Corp. strategists.Most Read from BloombergWorld Faces New Threats From Fast-Mutating Omicron VariantsStocks Surge in Wild Ride After CPI Data Selloff: Markets WrapCore US Inflation Rises to 40-Year High, Securing Big Fed HikeKroger Wants to Merge With Albertsons to Create US Grocery GiantHot Inflation Torches
Reuters
Kroger strikes $25 billion deal for Albertsons to create supermarket titan
Kroger will pay $34.10 for each Albertsons share, representing a premium of about 33% to the stock’s closing price on Wednesday, a day before media reports emerged of a deal between the two. The merger would bring together more than 2,700 Kroger stores across the United States and over 2,200 Albertsons locations. The deal between the top two retail chains would give them an edge over negotiations on product prices with suppliers including consumer goods companies, at a time when prices of groceries and essentials are soaring in the country.
Reuters
Wall Street rebounds with a vengeance after initial inflation sell-off
Wall Street stock indexes made a dramatic recovery, closing sharply higher after an earlier sell-off on Thursday while the dollar gave up earlier gains as investors poured back into riskier bets after digesting a red-hot U.S. inflation reading that fueled bets for a big Federal Reserve rate hike next month. Traders reversed course after initially flipping to safety mode when the U.S. Labor Department’s consumer prices index (CPI) report showed headline CPI gaining 8.2% annually as rents surged by the most since 1990 and food prices rose. The dollar fell against most currencies as investors ended up taking the opposite approach to the market’s initial response to the data.
Investor’s Business Daily
Here’s How To Spot A Market Bottom
No one knows how long bear markets will last, but a market bottom will be made with a follow-through day.
Reuters
Instant View: US Sept CPI fortifies case for Fed hawkishness
U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the Federal Reserve will deliver a fourth 75-basis points interest rate hike next month. The consumer price index rose 0.4% last month after gaining 0.1% in August, the Labor Department said on Thursday. Economists polled by Reuters had forecast the CPI climbing 0.2%.
Motley Fool
ExxonMobil’s Landmark Deal Enhances Its Ability to Capture This $4 Trillion Opportunity
ExxonMobil (NYSE: XOM) believes carbon capture and sequestration (CCS) — a process that captures carbon dioxide and stores it in underground formations — will play a key role in reducing global emissions. It estimates that the global CCS market could reach as much as $4 trillion by 2050. The oil giant recently unveiled the largest-of-its-kind commercial agreement to capture and permanently store carbon dioxide in Louisiana.
