Fast Money Blog- 12/9/22

This week we saw stocks holding steady as Wall Street is awaiting the release of the CPI Report (Consumer Price Index) next Tuesday, December 13th. Wall Street will also be awaiting the Federal Reserve’s response to the CPI report shortly thereafter. 

I expect next week’s CPI report to show a decline in inflation and an increase in unemployment. 

Here are the 5-day Highs and Lows of some of our favorite stocks:

Apple, Inc. (AAPL): High of $151.14 and Low of $140.20

Advanced Micro Devices (AMD): High of $78.54 and Low of $69.16

Surprisingly we saw signs of retracement this week in both Starbucks and NKE. 

Starbucks, Inc. (SBUX): High of $105.48 and Low of $98.31

Nike, Inc. (NKE): High of $112.63 and Low of $104.81

As we move forward the end of year I expect to see continued volatility in dividend paying stocks. 

Remember: Stay skillful in your trades!

Tyrone Jackson, The Wealthy Investor