Fast Money Blog- 1/17/25

The CPI (Consumer Price Index) Report was released on Wednesday, January 15th and overall it was very positive. Wall Street reacted favorably.  

Here’s what you need to know:

• Inflation on a whole was up only fractionally, mainly due to the holiday season.

• The “core” measure of inflation (the Fed’s preferred way of measuring how inflation is doing) fell to 3.2% on a monthly basis in December. This comes after three straight months of 3.3% gains.

• Housing prices have has finally begun to ease, and were up only 4.6% in December from a year earlier. This marked the smallest 12-month increase in nearly three years.

Although there will be a lot of economic micro-data coming out over the next 90 days, please stay focused on top-line revenue, dividends and earnings.

Here are three stocks whose earnings I will be following carefully when they report them in February and March:

Walmart, Inc. (WMT)

BJ's Wholesale Club Holdings (BJ)

Costco Wholesale Corporation (COST)

Looking ahead, I expect to see another 7 days of high volatility in the stock market. 

As always stay disciplined and stay positive.

There’s a lot to look forward to. 

Tyrone Jackson, The Wealthy Investor