Good MorningThe equity markets pulled back on Monday following last week’s surge to new highs. The earnings euphoria is being tempered by increasing signs of rising inflation and the prospect of higher interest rates from the FOMC.
The latest indications of systemic inflation come from Alcoa and Coca-Cola. Alcoa reported better than expected revenue and earnings that were driven by high demand and rising prices for aluminum. Coke, a large consumer of aluminum indicated in its earnings report it would raise its prices to combat higher input costs in the face of higher demand.
The takeaway for investors is the market is riding high on hopes of economic rebound but in danger of correcting if the inflation data gets too hot. The S&P 500 is about 3% above its closest support target with no major data due out until the end of the week. Until then the focus will be on the earnings reports.
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Markets | | | Asian stock markets were mixed Tuesday after Wall Street was pulled lower by tech stock declines.
Tokyo and Sydney retreated while Shanghai, Hong Kong and Seoul gained.
Overnight, Wall Street's benchmark S&P 500 index lost 0.5%. Banks, energy companies and others th... Read the Full Story |
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Stocks | | | The lithium-ion battery market value is expected to reach roughly $46 billion by the year 2026, which tells us that there will certainly be several winners that separate themselves from the competition in the coming years. Read the Full Story |
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Markets | | | Major global stock markets were mostly lower Tuesday after Wall Street retreated from record highs.
London and Frankfurt opened lower, while Shanghai and Tokyo also declined. Hong Kong and Seoul advanced.
Wall Street futures gained a day after the benchmark S&P 500 ... Read the Full Story |
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Stocks | | |
These Hyper-Growth Stocks Could Deliver Triple-Digit Gains
Hyper-Growth stocks. The kind of stock whose underlying business is growing at a high-double-digit to triple-digit pace. The kind of stock every investor wants to own. The kind of stock that's hard to find before the really big move... Read the Full Story |
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Markets | | | Banking technology giant Fiserv (NYSE: FISV) stock has been grinding towards all-time highs as a beneficiary of the rapid adoption of digital transactions accelerated by the pandemic. The Company controls the majority of core banking systems as end users rely on their platform to be able to ma... Read the Full Story |
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Markets | | | Cloud networking solutions provider Arista Networks (NYSE: ANET) stock has been recovering towards its all-time high levels hit two-years ago. The provider of cloud networking hardware and services has recovered from the pandemic and returned to double-digit growth mode. This is fueled by 5G rollout... Read the Full Story |
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Markets | | |
One of the first names to come up on an alphabetical listing of NYSE American companies, Acme United (NYSEAMERICAN:ACU) is also one of the last stocks on investors' radar. Yet despite the ordinary company name, Acme United has delivered some extraordinary returns for shareholders.
The stock advan... Read the Full Story |
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Politics | | | The European Union expanded its sanctions against Myanmar’s military leaders and army-controlled companies ahead of a regional meeting to discuss the worsening crisis after army leaders deposed the elected government.
The Council of the European Union's latest sanctions target 10 ind... Read the Full Story |
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Markets | | | The coronavirus pandemic has pushed many businesses in Japan to the edge of financial ruin, but Takumi Tezuka, who owns a makeup and hair salon for men in Tokyo, has seen his customer base expand.
Japanese businessmen in their 40s, 50s and 60s who had little interest in cosmetics befo... Read the Full Story |
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Politics | | | MEXICO CITY — For the first time in a year, Mexican school children have returned to classrooms — at least in the southern state of Campeche.
The Gulf coast state has been the state least affected by the pandemic in Mexico, and it was the first to get its teachers vaccinated.
... Read the Full Story |
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The Early Bird Stock Of The Day Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities. The Exploration and Production segment engages in research, development and production of oil, condensates and natural gas, forestry conservation (REDD+) and CO2 capture and storage projects. The Global Gas and LNG Portfolio segment refers to the supply and sale of wholesale natural gas by pipeline, international transport and purchase and marketing of LNG, which includes gas trading activities finalized to hedging and stabilizing the trade margins, as well as optimizing the gas asset portfolio. The Refining & Marketing and Chemicals segment engages in supply, processing, distribution, and marketing of fuels and chemicals. The Corporate and Other Activities segment includes the main business support functions in particular holding, central treasury, IT, human resources, real estate services, captive insurance activities, research and development, new technologies, business digitalization, and environmental activities. The company was founded on February 10, 1953 and is headquartered in Rome, Italy. | | View Today's Stock Pick |
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