99.8%.... End of the Fed hikes? The US central bank will announce its latest monetary policy decision at 2 p.m. ET on Wednesday with Fed Chair Jay Powell set to hold a press conference a half hour later. Data from the CME Group on Friday showed markets pricing in a 99.8% chance the Fed raises its benchmark interest rate target range by another 0.25% to 5.25%-5.5%. This would bring the fed funds rate to its highest level since 2001. I will take that last .2%!> This thought is based purely off market psychology. The Fed wants the fight on inflation to continue. The street is convinced this is the last hike. After the last hike inflation will rise again. It would behoove the Fed to stretch this out longer. I would hold pat this meeting reserving the right to raise next....
Another stock for this week is Marqeta- Marqeta (MQ) Marqeta is a financial tech or fintech company that helps provide developers with advanced infrastructure and tools to build “highly configurable payment cards.” The Marqeta platform and its open APIs are designed for businesses “who want to easily build tailored payment solutions to create best-in-class experiences and power new modes of money movement.” Marqeta aims to help customers across many different areas create advanced and cutting-edge payment solutions. Marqeta posted 45% revenue growth last year and it’s projected to grow its top line by another 22% in FY23 and 17% higher in FY24 to reach $1.1 billion. Zacks estimates call for Marqeta to report an adjusted loss of -$0.35 a share this year and then cut that down to -$0.27 a share in FY24. Plus, its improving FY24 earnings outlook helps it land a Zacks Rank #2 (Buy) right now.
If you like channel investing and I do here is a prime example: TDY Teledyne Technologies Incorporated $412.45 +4.53 (+1.11%)4:00 PM 07/21/23 $350---$400 & $400-$450 Now rising up from low end of $400 channel. Yea I know super expensive... funny thing I was going back and forth about some drone who made it FLIR or these guys and Duh these guys bought FLIR!!!
The last stk i want to focus on is Polaris. This is a great growth stk. And seems to always deliver. // I manged to miss the break out from $120 although I know folks who didn't.// Now it sits about a buck from a 52 week high. $127 is the BP now in a retrace<----- WATCH PII Polaris Inc. $134
Van is continuing his amazing Vacation, he has left the Canary islands and is heading for Barcelona, Spain. Bravo Van!!! Keep exploring. I think travel is so important to create the whole person and the whole investor. When Van comes back he will be filled with inter continental ideas!!!
Earnings week for many of the Cdn Oil producers. Buying most of them pre-report has usually been a good strategy you really can't tell which ones will come out strong. The bonus is one or two of them may raise dividends or surprise over lowered expectations. Nat Gas plays a lot of them report Aug 1. They've been counterintuitive because results have often easily surpassed expectations sometimes by a wide margin despite lower gas prices ( eg ARX, CR ). I've been mostly avoiding this group in recent weeks except for short trades on Crew Energy. I may play into the reports if nat gas stays at current levels.