Good MorningEquities are coming off a rocky week and will need to regain lost ground with this week’s action. The S&P 500 closed down less than a quarter percent for the week after shedding more than 2.0% at the low of the week. While bullish, the action left a lot to be desired from investors. For one, the index confirmed resistance at the previous week’s high and for another, selling action late on Friday suggests professional traders and investors don’t want to be caught long the market.
This week the focus will be on the remaining earnings reports for the Q1 cycle. These include reports from retailers like Autozone, Williams and Sonoma, Dicks, and Costco that have all benefited from pandemic tailwinds. Along with earnings is economic data in the form of consumer confidence, housing data, and a key read on core consumer inflation. If there’s one report for the market to be scared it is the report on core consumer inflation.
Featured: The DOJ Just Paved the Way for Account Seizures (Ad) 
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Stocks | | | After a midweek selloff, the major indexes are trying their best to finish the week in the black. It's a good reminder that over time, the fundamentals still matter. While many institutional investors may “sell in May and go away,” the MarketBeat team of writers will stay on top of the stocks and the stories that are moving the market. Here’s a look at some of the stocks they analyzed this week. Read the Full Story |
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From Our Partners | | My top income trading expert, Dave Aquino, just released a 1-hour trading strategy designed specifically to help regular investors generate enough income to become financially independent…
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Stocks | | | The most successful investors use all of the tools and resources that are available to them in order to make the best possible decisions. That includes keeping track of analyst reports and looking at which companies consistently receive upgrades and price target increases. While simply buying a stoc... Read the Full Story |
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Tech | | | The Biden administration’s solar power ambitions are colliding with complaints the global industry depends on Chinese raw materials that might be produced by forced labor.
A big hurdle is polysilicon, used to make photovoltaic cells for solar panels. The global industry gets 45% of i... Read the Full Story |
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From Our Partners | | Jeff Brown recently traveled to a ghost town in the middle of an American desert…
To investigate what could be the biggest technology story of this decade.
In short, he believes what he's holding in his hand is the key to the $100 trillion AI boom…
And only one company here in the U.S. can mine this obscure metal. | | Click here to get the details on this virtual monopoly. |
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Politics | | | European benchmarks were little changed Monday after a mixed close in Asia that echoed a similar end to last week on Wall Street.
France's CAC 40 inched up 0.1% in early trading to 6,395.50, Britain's FTSE 100 gained 0.2% to 7,032.32. U.S. shares were set to drift higher with Dow fut... Read the Full Story |
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Markets | | | Asian shares were mixed Monday, echoing Wall Street's uneven close last week.
Japan's benchmark Nikkei added 0.2% to 28,379.48. South Korea's Kospi slipped 0.4% to 3,142.46, while Australia's S&P/ASX 200 rose nearly 0.2% to 7,041.40. Hong Kong's Hang Seng slipped 0.4% to 28,339.4... Read the Full Story |
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From Our Partners | | Cold War Discovery Could Unlock $100 Trillion in Wealth
Jeff recently traveled to an American ghost town to investigate this crazy Cold War story…
Because it could hold the key to the entire $100 trillion AI boom.
It involves an American ghost town with just 30 people…
And a new twist to the AI boom that could make a lot of people rich. | | Click here to see the details on what could be the biggest tech story of this decade. |
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Markets | | | An Egyptian appeals court on Sunday said it lacks jurisdiction to look into the Suez Canal Authority’s demands to uphold financial claims that led to the the seizure of the massive Ever Given ship that blocked the waterway in March Read the Full Story |
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Markets | | | Inflation, a no-show for decades, is suddenly breaking out all over, it seems. And concerns are growing.
Consumer prices in April jumped by the largest amount in more than a decade, with surging costs for food, used cars, airline tickets and furniture, among other goods and services. ... Read the Full Story |
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Stocks | | | Oil and gas royalty trusts PermRock (NYSE: PRT) and Texas Pacific Land Corp. (NYSE: TPL) have been on a tear, advancing 52.24% and 39.11%, respectively, over the past three months. Those are impressive performances, but does it mean you should buy these stocks, or any other oil and gas royalty trust? Read the Full Story |
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Markets | | | We’ve like V.F. Corporation (NYSE: VFC) for a long time and not just as a reopening play. The company is a well-established, blue-chip name in consumer apparel with a nice dividend, a healthy portfolio of brands, and a growing direct-to-consumer business. Read the Full Story |
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Markets | | |
Have you always been insatiably curious about your credit score? I am. In my mind, my credit score is kind of like a report card, like a race toward personal best. (Hey, it's the best those of us with zero athletic talent can do.)
Despite widespread media reports of Americans' debt challenges, mo... Read the Full Story |
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The Early Bird Stock Of The Day First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments. The company also accepts deposits; provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; financial planning; and offers investment and financial advisory services. In addition, it offers mortgage banking; loan syndications; brokerage services; commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, tax credit finance, energy and healthcare finance, asset management, and corporate and correspondent banking services. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee. | | View Today's Stock Pick |
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