Putin Warns, Defense Stocks Jump; Watchdog Says Nuke Markets Poised To Surge

In a brief national address Wednesday, Russian President Vladimir Putin once again implied his willingness to resort to nuclear weapons in an effort to escalate the invasion of Ukraine. U.S. defense stocks jumped in early trade as Putin ordered his military reserve forces to mobilize, blamed the conflict on the West, and accused NATO countries […]

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Federal Reserve Expects Key Rate To Peak At 4.6%; Dow Jones Rises

The Federal Reserve hiked its key interest rate 75 basis points on Wednesday and signaled much more to come. Policymakers’ quarterly projections show the federal funds rate heading as high as 4.6% next year. The Dow Jones industrial average reversed lower after release of the Fed meeting policy statement, then regained positive ground. X The […]

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Philip Morris International Stock Shows Rising Relative Strength

In a welcome move, Philip Morris International (PM) stock saw its Relative Strength Rating improve from 70 to 73 on Wednesday. X When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary rating identifies share price action with a 1 (worst) to 99 (best) […]

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Hormel Stock, A Steady Eddie Grower, Rising Again

Meat products maker Hormel faces challenges amid rising feed costs due to inflation, and reduced feed stock amid Putin’s war on Ukraine. On Sept. 1 Hormel Foods (HRL) lowered its 2022 earnings guidance. But it also raised its full-year sales outlook. Investors seem satisfied and on Wednesday Hormel stock reached an important technical milestone. Its […]

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Stock Market Gives Up Gains, Drops On Fed Hike And Bearish Dot Plot

The Federal Reserve answered stock market investors on Wednesday afternoon, lifting rates an expected 75 basis points and posting an aggressive “dot plot” (interest rate road map) into 2024. X The Nasdaq composite shed 1%, while the S&P 500 lost 0.9%. The Dow Jones Industrial Average dipped 0.9%. Small caps acted slightly better, with the […]

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Best Dividend Stocks: Stable OGE Energy Lights The Way

As investors look for safety, IBD’s electric utility group has been outperforming, currently ranked 23rd out of 197 industries. X One of the group’s top dividend stocks, OGE Energy (OGE) boasts solid fundamentals and a long track record of dividend growth. It is in IBD’s Utility Leaders screen, Headquartered in Oklahoma City, OGE Energy provides […]

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Celsius, IBD Stock Of The Day, Pulls Back Bullishly After 209% Run

Celsius Holdings Celsius Holdings CELH $ 99.87 $2.36 2.31% 51% IBD Stock Analysis Pulling back to 10-week moving average after big run Move above Sept. 15 high of 108.37 would offer early entry Relative strength line holding near highs Composite Rating 99/99 Industry Group Ranking 39/197 Emerging Pattern Pullback Pullback A stock may pull back […]

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Uber Hacked Again

An unknown hacker, who claims to be eighteen years old, acquired administrative access to Uber’s corporate network and proprietary internal tools on Thursday, September 15, 2022. On September 15, 2022, at 6:25 pm PT, Uber issued a statement on Twitter that it was “responding to a cybersecurity incident.” An attacker gained access to the account […]

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