Good MorningEquities sold off again on Thursday to bring September to a close. The S&P 500 shed more than 1.25% at the low of the day to test support at the crucial 4,300 level. If the index is not able to maintain that level into the close of trading on Friday it could lead the index into a much deeper decline. A move below that level could take the index down to 4230 or another 2.5% lower.
The risk. on Friday is the PCE price index. While spending and income data are expected to be bullish, core consumer inflation is expected to rise for another month. If inflation comes in hotter than the 0.2% expected by the market a deeper stock market correction is all but certain. Rising inflation means narrower margins and earnings for S&P 500 companies and that is never good for stock prices.
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The recent market slump has put many stocks on sale. In some cases, such as high multiple technology stocks, the recalibration is warranted given the backdrop of rising yields. In other cases, it has made non-tech value stocks even more attractive.
Investors looking to follow the script of &lsquo... Read the Full Story |
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Politics | | | Asian markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic.
Tokyo skidded 2.3% and Australia’s benchmark sank 2.2%. Markets in Shanghai and Hong Kong were closed for holidays.
The S&P 500 ended September down 4... Read the Full Story |
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Politics | | | Asian markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic.
Tokyo skidded 2% and Australia’s benchmark sank 2.3%. Markets in Shanghai and Hong Kong were closed for holidays.
The S&P 500 ended September down 4.8... Read the Full Story |
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Markets | | | World markets tumbled Friday on the tail of Wall Street’s worst monthly loss since the beginning of the pandemic.
Shares dropped in Paris, London, Frankfurt and Tokyo. Shanghai and Hong Kong were closed for a holiday.
The S&P 500 ended September down 4.8%, its fir... Read the Full Story |
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Markets | | | Business sentiment among Japanese manufacturers has risen to its highest level in nearly three years, according to a quarterly survey by the central bank.
The results of the Bank of Japan's “tankan” survey, released Friday, found sentiment among large manufacturers rose to 18 from 14.... Read the Full Story |
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Markets | | | McCormick & Company stock is continuing its year-long downward trend and may break a key level of support. With management lowering its guidance and announcing that price increases are a certainty, there may be better options than MKC stock. Read the Full Story |
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Markets | | | Shortages of power, computer chips and other parts, soaring shipping costs and shutdowns of factories to battle the pandemic are taking a toll on Asian economies.
While business sentiment is improving in some parts of Asia as governments begin easing restrictions put in place to curb... Read the Full Story |
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Markets | | | Cybersecurity provider SentinelOne (NYSE: S) stock has enjoyed a nice rise upon its public debut this year. Shares of this automated cybersecurity platform as holding above its IPO price but starting to offer some opportunistic pullbacks for prudent investors. The Company provides automated cybersec... Read the Full Story |
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Markets | | | September 2021 brought a rude awakening to investors who got accustomed to the S&P 500 moving steadily higher. The large-cap domestic index was down nearly 5% for the month, following seven months in a row of gains. Historically, September has been something of a bust. Should you flee the market in September? Should you be cautious about seasonal returns? Read the Full Story |
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Sustainable metals The Metals Company (NYSE: TMC) stock has recently surged as high as $15.39 and collapsed over (-60%) to present a discounted entry for risk-tolerant investors. This reverse merger business combination pre-special purpose acquisition companies (SPACs) was originally called Deep G... Read the Full Story |
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The Early Bird Stock Of The Day Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries. It also provides natural and synthetic color systems for use in foods, beverages, pharmaceuticals, and nutraceuticals; colors and other ingredients for personal care, such as active ingredients, solubilizers, and surface treated pigments; pharmaceutical and nutraceutical excipients, including colors, flavors, coatings, and nutraceutical ingredients; and technical colors for industrial applications under the Sensient Food Colors, Sensient Pharmaceutical Coating Systems, Sensient Cosmetic Technologies, and Sensient Specialty Markets trade names. Sensient Technologies Corporation was incorporated in 1882 and is headquartered in Milwaukee, Wisconsin. | | View Today's Stock Pick |
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