The first jobs report of the year will be out 8:30 a.m. ET Friday morning, lending a glimpse into the cumulative effects of almost one full year of rising interest rates from the Fed.
Analysts at Guggenheim Partners had not rescinded their initial outlook that the restaurant industry would struggle to structurally grow margins as long as the unemployment rate stayed below 4%. But the firm said Thursday it was betting on one group to outperform.
On Wednesday, the Federal Reserve stepped up its campaign against inflation by raising its key interest rate a quarter point, its eighth hike since March. The Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes.
Spot gold was trading near the $1,930 mark on Wednesday in continued consolidation after a four-month sprint brought the commodity up 20% from the Sept. 28 low of $1,614.92. Gold has reacted bullishly to the falling U.S. dollar and fears the Federal Reserve's series of interest rate hikes will plunge the U.S. into a recession later this year.
The Federal Reserve on Wednesday raised its benchmark rate by 0.25%, marking the central bank's second consecutive policy downshift. Below is a look at a few recent notable insider transactions for penny stocks.
The most overbought stocks in the real estate sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. Here's the latest list of major overbought players in this sector.
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