Good MorningEquities slipped on Tuesday leaving the S&P 500 down about a half percent at the low of the day. The question now is whether this move foreshadows a deeper correction or if it is the start of consolidation. If the market is able to hold these new highs for a few days the odds the market will continue moving higher will increase.
Tuesday’s decline, however, was sparked by hot inflation data and there is an additional risk this week. The PPI data came in as expected but accelerated from the previous month and points to higher consumer prices down the road. The CPI is due out today and could confirm the market’s worst fears; consumer-level inflation is running unchecked. If this situation continues to run unchecked revenue and earnings growth among S&P 500 companies will come to a grinding halt. Featured: See the Daily 10AM setup for 4PM payouts (Ad) 
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Stocks | | | Most of the names are familiar mega-caps like Microsoft, Apple, and Tesla. At the other end of the spectrum are about a dozen small cap favorites that Robinhooders are banking on to produce big gains. Read the Full Story |
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From Our PartnersREVEALED: $194 Trillion Trump Market Pattern
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Now, a new Trump executive order is set to set off a wave worth a potential $194 trillion in the markets.
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Markets | | | Panera is returning to the public markets after four years in private hands.
St. Louis-based Panera Brands __ which also owns Caribou Coffee and Einstein Bros. Bagels __ filed initial paperwork Tuesday for an initial public offering of stock. It did not give a date or say how many sha... Read the Full Story |
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Markets | | | The executive who took over as head of casino company Wynn Resorts when its founder and namesake Steve Wynn resigned in February 2018 announced Tuesday he will step down at the end of January.
Matt Maddox said in a statement he believed that after four years as CEO it was the right ti... Read the Full Story |
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Politics | | | The owner of a San Francisco Bay Area solar energy company was sentenced to 30 years in federal prison Tuesday for an audacious Ponzi scheme that defrauded investors of $1 billion.
It's the biggest criminal fraud scheme in the history of the federal court district that covers inland ... Read the Full Story |
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Politics | | | The German government's panel of independent economic advisers on Wednesday cut its 2021 growth prediction for Europe's biggest economy to 2.7%, the latest in a series of downgrades by forecasters.
The panel's new forecast was down from the 3.1% it predicted in March. It expected gros... Read the Full Story |
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Politics | | | San Diego is suing scooter companies to get them to pay the city's costs to defend any lawsuits generated by the two-wheeled vehicles that have proliferated on public sidewalks.
The Union-Tribune reported Tuesday that City Attorney Mara Elliott filed suit last week against Bird, Lyft... Read the Full Story |
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Markets | | | Customer engagement platform provider Twilio (NASDAQ: TWLO) stock has bestowed a buying opportunity on its recent earnings report triggered collapse. The Q4 2021 guidance was mixed with raised revenues but lowered earnings per shares estimates. The Company is growing organically as it launches ... Read the Full Story |
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Markets | | | We’ve liked Cardinal Health (NYSE: CAH) for a long time. The company is a middleman for pharmacy and medical products of all manner and well-positioned in an industry growing in both patient count and dollar spent per patient. Read the Full Story |
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Markets | | | IT specialist Globant (NYSE: GLOB) advanced 30.64% in the past month as it zipped past a buy point above $323.79 and just kept rallying. The stock closed Tuesday at $354.44, up $6.51, or 1.87% in the session. Read the Full Story |
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Markets | | |
Have you had years of trouble getting motivated to save for retirement? If so, it's completely understandable. Saving for retirement can seem overly arduous and confusing. So what's the best way to dig in and make sure you'll accomplish what you've always wanted to do all along?
Let's take... Read the Full Story |
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The Early Bird Stock Of The Day Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured's real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. The company was founded in 1926 and is headquartered in Branchville, New Jersey. | | View Today's Stock Pick |
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