Wage inflation seems to be the only thing that matters to central bankers. The Homestretch, our new audio feature to get you ready for the final hour of trading, starts Tuesday. Look for the alert. Here's my Sunday commentary , detailing our worldview for the first half of 2023 and the stocks that will win in the new year. The overall market looks higher on the first trading day of 2023 after Wall Street on Friday closed out a terrible 2022. 2.
making money but expensive: 94 times earnings, so therefore not investible in a Fed tightening environment. 9. Barclays raises Exxon Mobil price target to $129 per share from $111; keeps overweight rating. Similar moves on Chevron . Oil prices on Tuesday drop 1% and natural gas price plunge a whopping 10%. But both relatively outperformed the past 12 months. We own four energy stocks: Coterra Energy , Devon Energy , Pioneer Natural Resources and Halliburton . 10.
1 Jim Cramer
If you’re overpaid, overhyped Jim Cramer, it’s easy to say “wages are too high.” But what if you’re trying to support family w/Walmart job? Media, STFU about wage increases driving inflation. WAGES HAVE NOT INCREASED TO MATCH COL SINCE 1976. Inflation is price-gouging, period.
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