Good MorningEquities tumbled on Wednesday as rising fears of inflation and economic headwinds overcame the outlook for 2nd half gains. The fear was stoked last week by hotter than expected reads on CPI and PPI that have since been compounded by weak data from the housing sector. The combination of weaker than expected data and rising inflation puts the FOMC in a precarious position and could lead to higher interest rates much sooner than expected.
Wednesday trading took the S&P 500 down more than 1.0% at the low of the session. The market was able to claw back some of the losses before the close of the day. The biggest losses were in the industrial and transportation names, names that have been leading the market up until now. Thursday’s action may heat up again with key data from the labor market, the Philly Fed’s Business Outlook Survey, and the Index of Leading Indicators on tap.
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Tech | | | World shares were mixed Thursday as Japan reported strong trade data signaling a recovery in demand from the pandemic.
Stocks rose in Paris, London, Tokyo and Sydney but fell in Hong Kong, Seoul and Shanghai. U.S. futures were lower. The prices of Bitcoin and other cryptocurrencies s... Read the Full Story |
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Tech | | | Shares were mixed in Asia on Thursday as Japan reported strong trade data signaling a recovery in demand from the pandemic.
Stocks rose in Tokyo and Sydney but fell in Hong Kong and Shanghai. The price of Bitcoin and other cryptocurrencies steadied.
Japan's government... Read the Full Story |
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Tech | | | The price of the famously volatile digital currency Bitcoin fell nearly 30% at one point Wednesday after the China Banking Association warned member banks of the risks associated with digital currencies Read the Full Story |
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Markets | | | All of the big-box retailers like Target (NYSE:TGT) have several similar qualities that set them apart from traditional stores. For example, they usually have large physical locations, are part of a chain of stores, and offer a huge variety of different products and services that are available for c... Read the Full Story |
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Markets | | | Shares of athletic apparel maker Under Armour gapped lower Tuesday along with the broader market, and as a judge approved a shareholder lawsuit stemming from revenue reporting in 2015 and 2016, under former CEO Kevin Plank. Read the Full Story |
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Markets | | | The founder of TikTok’s Chinese owner is giving up his post as CEO to focus on longer-term initiatives, a step that comes amid uncertainty over whether the Biden administration will force the sale of the popular short video service’s U.S. arm Read the Full Story |
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Politics | | | DETROIT — The archbishop of Detroit says face masks are no longer mandatory inside Roman Catholic churches in southeastern Michigan for people who have been vaccinated against the coronavirus.
Archbishop Allen Vigneron said Wednesday that anyone who hasn’t been vaccinated must still w... Read the Full Story |
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Markets | | | The Container Store (NYSE: TCS) has what every growth stock needs and few have at this point in the market cycle: a very bright outlook. The company reported not only robust growth but growth above the consensus Read the Full Story |
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Markets | | |
We Want To Buy More Target But At Lower Price
Target (NYSE: TGT) has had a fantastic 2020/2021 months and for good reason. The company’s strategy had it aligned to meet consumer needs so when the pandemic struck Target was ready for business. Since then the company has produced a sust... Read the Full Story |
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Markets | | |
Families spent an average of $30,017 on college during the 2019-2020 academic year, according to the Sallie Mae report How America Pays for College.
More than one-third of families used a college savings account such as a 529, which is up from 21% in 2018-2019.
If you look closer at the report, ... Read the Full Story |
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The Early Bird Stock Of The Day AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers horsepower tractors for row crop production, soil cultivation, planting, land leveling, seeding, and commercial hay operations; utility tractors for small- and medium-sized farms, as well as for dairy, livestock, orchards, and vineyards; and compact tractors for small farms, specialty agricultural industries, landscaping, equestrian, and residential uses. The company also provides grain storage bins and related drying and handling equipment systems; seed-processing systems; swine and poultry feed storage and delivery; ventilation and watering systems; and egg production systems and broiler production equipment. In addition, it offers round and rectangular balers, loader wagons, self-propelled windrowers, forage harvesters, disc mowers, spreaders, rakes, tedders, and mower conditioners for harvesting and packaging vegetative feeds used in the beef cattle, dairy, horse, and renewable fuel industries. Further, the company provides implements, including disc harrows leveling seed beds and mixing chemicals with the soils; heavy tillage to break up soil and mix crop residue into topsoil; field cultivators that prepare smooth seed bed and destroy weeds; drills for small grain seeding; planters and other planting equipment; and loaders. Additionally, it offers combines for harvesting grain crops, such as corn, wheat, soybeans, and rice; and application equipment, such as self-propelled, three- and four-wheeled vehicles, and related equipment for liquid and dry fertilizers and crop protection chemicals, and for after crops emerge from the ground, as well as produces diesel engines, gears, and generating sets. The company markets its products under the Fendt, GSI, Massey Ferguson, Precision Planting, and Valtra brands through a network of independent dealers and distributors. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia. | | View Today's Stock Pick |
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