Good MorningStock markets wobbled on Monday as traders prepare for the onslaught of earnings reports that is about to descend on Wall Street. The peak of the Q3 earnings season begins this week with reports from the big banks including JPMorgan Chase, Bank of America, and Citigroup. The consensus is for revenue to ease slightly on slowing loan growth but for earnings and cash flow to be strong. What this means for investors is strengthening balance sheets and the chance for reinvigorated share repurchases and dividend increases.
Also on tap this week, key reads on inflation and the consumer. The CPI and PPI data will be released earlier in the week with the Retail Sales figures coming out on Friday. The analysts are expecting inflation to pick up from last month’s slightly cooler numbers while retail sales are expected to be flat. The risk for the market is in the inflation numbers, if inflation continues to rise unabated it will mean the end to the earnings-driven stock market rally.
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Stocks | | | Inflation and transitory are probably two words that investors are getting tired of hearing, yet it’s important to understand that this is what is moving markets following the pandemic. Every Consumer Price Index (CPI) report has the chance to cause sharp rallies or selloffs, which means inves... Read the Full Story |
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Markets | | | Shares retreated in Asia on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation.
Benchmarks declined in Tokyo, Hong Kong and Shanghai. Oil prices advanced, having closed above $80 per barrel in New York after trading briefly above $81 per barrel o... Read the Full Story |
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Tech | | | More than 130 countries have forged a deal on sweeping changes in how big global companies are taxed.
The goal: deterring multinational companies from stashing profits in countries where they pay little or no taxes — better known as tax havens.
The sweeping agreement ... Read the Full Story |
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From Our Partners | | Washington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
The Department of Justice just admitted that cash isn't legally YOUR property. | | Get your free guide now by clicking here >> |
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Markets | | | World shares retreated on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation.
Benchmarks fell in Paris, Frankfurt, Tokyo, Hong Kong and Shanghai. Oil prices extended gains, having closed above $80 per barrel in New York after trading briefly abov... Read the Full Story |
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Politics | | | It took little more than 48 hours from the moment a major oil spill was discovered off Southern California until the first lawsuit was filed against the Houston company that owns and operates the ruptured pipeline.
Finding the cause, who is to blame and if they will be held accountab... Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Politics | | | UNITED NATIONS — The United Nations chief says the pandemic has forced more than 100 million people into poverty and left over 4 billion people with little or no social support, health care or income protection.
Secretary-General Antonio Guterres told an International Monetary Fund pa... Read the Full Story |
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Stocks | | |
Energy drink maker Monster Beverage (NASDAQ: MNST) shares have sold off for five straight weeks after peaking near $100 per share. The Company is having logistics and supply chain issues due to the shortages of aluminum cans and delays in procuring certain ingredients. This resulted in the inabili... Read the Full Story |
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Stocks | | | Consumer electronics retailer Best Buy (NYSE: BBY) stock has been selling off since peaking off the recent highs near $124.89 as fears of supply chain and logistics disruptions may impact holiday sales. Read the Full Story |
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Global meat and poultry products producer Tyson Foods (NYSE: TSN) stock continues to surge higher in the post-pandemic reopening era. The maker of such brands including Jimmy Dean, Hillshire Farm, Ball Park, and State Fair is having a banner recovery year with double-digit revenue growth. The Comp... Read the Full Story |
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Markets | | | What's the common answer to "How do I manage my money?" Budgeting. But why? Whoever said, "I budgeted my way to $1 million?" Let's explore the downsides to budgeting and why it keeps you from getting ahead. Read the Full Story |
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The Early Bird Stock Of The Day Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum in the form of sheet, which is sold primarily to customers that produce beverage and food cans. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania. | | View Today's Stock Pick |
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