HomeBusinessEnergyOXY, AZO, AAP, TGT: Fed To Keep Hiking Until They Tame The Beast
OXY, AZO, AAP, TGT: Fed To Keep Hiking Until They Tame The Beast

Peak inflation is in the rear-view mirror, but there's a long way to go, says David Nelson. He discusses the market outlook, highlighting that the Fed will keep hiking until data confirms that they have tamed the beast. He talks about how the terminal rate has to stop going up for stocks to regain their footing. He goes over how Occidental Petroleum (OXY) earnings will be released today, postmarket. He notes that OXY's stock is up over 50% year-over-year. He mentions that AutoZone (AZO) and Advanced Auto Parts (AAP) earnings will report tomorrow. Additionally, he goes over Target's (TGT) earnings estimated that came in at $1.39 for adjusted EPS and $30.69B in revenue. Tune in to find ou tmore about the stock market today.

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