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Apple is among the largest companies in the world, with a broad portfolio of hardware and software products targeted at consumers and businesses. Apple's iPhone makes up a majority of the firm sales, and Apple's other products like Mac, iPad, and Wat...


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To gain an edge, this is what you need to know today. Fed’s Favorite Inflation Gauge Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock market is consolidating between the resistance zone and support zone. RSI on the chart shows that the stock market can go either way from here. This morning, the stock market dodged a big bullet. The bullet was the fear that PCE, the Fed’s favorite inflation gauge, would come higher than the consensus. The data came inline with the consensus. Here are the details: Headline PCE came at 0.3% vs. 0.3% consensus. Core PCE came at 0.3% vs. 0.3% consensus. The PCE data just released has proven that The Arora Report call has been spot on. The Arora Report call has been that inflation is coming from services and is sticky. Digging below the headline, the just released data shows that inflation is coming from services and is sticky. Momo gurus have been forecasting that inflation would have gone down to 2% by now. If you annualize 0.3%, it translates to 3.6%. The momo gurus are wrong again. Even though momo gurus are almost always wrong, prudent investors should not ignore them. The reason is that the media promotes momo gurus because they boost ratings. Momo gurus have legions of followers who do not do any analysis and just follow the momo gurus like sheep. The U.S. economy is 70% consumer based. Therefore, prudent investors pay attention to personal income and personal spending. Consumers continue to excessively spend. This is helping the economy and ...Full story available on Benzinga.com

Related tickers: SPY, AMZN, GOOG, MSFT, NVDA, AAPL, TSLA, QQQ, GOOGL, META.

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Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.

Related tickers: AAPL.

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@paulmadut

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@richtv

Tagged Tickers: IVVD, AAPL, TSLA.
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Hot Stocks: $IVVD, $PBLA, $BMRA, $CUEN, $ICCT - RICH TV

Hot Stocks: $IVVD, $PBLA, $BMRA, $CUEN, $ICCT - RICH TV - December 18, 2023 - #BTC #HOTSTOCKS #HOT #STOCKS #dowjones #meltup #bitcoin #crypto #commodities #g......


@laurentb

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@flockstreet

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    1 year ago
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    1 year ago
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    1 year ago
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@laurentb

Post Tagged Tickers: AAPL.

@laurentb

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@optimus

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@optimus

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