(Bloomberg) — The Federal Reserve can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, Minneapolis Fed President Neel Kashkari said. “Core services inflation — which is the stickiest of all — keeps climbing, and we keep getting surprised on the upside,” […]
Read MoreSteel Dynamics, Inc., together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. STLD $81.1300 1.1100 % 1.3900 Steel Dynamics Inc Sector : Basic Materials Industry : Steel – Producers Signal Short Term Trend Long […]
Read MoreForward Air Corporation (FWRD) Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. ArcBest Corporation (ARCB) ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. […]
Read MorePhillips 66 (PSX) Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks. Halliburton Company (HAL) Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion […]
Read MoreBuy Price: $71.05 or better Sell Price: TradersPro Sell Signal CONSOL Energy Inc. produces and exports bituminous coal in the United States. It operates through PAMC, CONSOL Marine Terminal, and Other segments. The company engages in the mining, preparation, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. The stocks founds […]
Read MoreMore than two decades of experience as an investor and market analyst have taught me that while the market is very resilient in the long-term, there is one word that always seems to automatically put the market on edge: change. The COVID-19 pandemic is a good example of what I mean. After a decade of […]
Read More(Bloomberg) — Oil edged lower as the prospect of additional barrels from strategic reserves assuaged market concerns of a tight market heading into the winter season. West Texas Intermediate dropped as much as 2.4% to trade below $84 a barrel in another volatile session. The US is moving toward releasing further barrels from its strategic […]
Read MoreMarket conditions are Mildly bullish in a Bear Market as of 2022-10-17. This means traders and investors should consider trading with a Neutral or Bullish bias by buying stocks and setting tight stops. The rank of the Bear Market is -19.58 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
Read More(Bloomberg) — The sentiment on stocks and global growth among fund managers surveyed by Bank of America Corp. shows full capitulation, opening the way to an equities rally in 2023. The bank’s monthly global fund manager survey “screams macro capitulation, investor capitulation, start of policy capitulation,” strategists led by Michael Hartnett wrote in a note […]
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