Good MorningThe equity market is poised to build on gains made in the prior week. The S&P 500 moved up last week to set a new all-time high despite hotter than expected consumer inflation. The CPI index came in at 5.0% year-over-year in acceleration from the prior month but the FED still says inflation is transitory. This week the market has a raft of economic data to digest, any and all of which could derail the rally.
Topping the list is the May read on retail sales, the Producer Price Index, and the June policy decision from the FOMC. the FOMC is not expected to make any changes to policy but may shed some light on tapering Bond purchases and the future of interest rate hikes. As long as the FED appears to be in control of inflation, the equity market should continue to rally.
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Politics | | | President Joe Biden has vowed to mend America’s trade relations with its European allies, which were stretched to the breaking point by President Donald Trump’s mercurial behavior, combative policies and aversion to multinational alliances Read the Full Story |
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Markets | | | Last year, investors witnessed a booming IPO market that saw a record 407 companies make their public debuts. Some of that momentum has clearly carried over into 2021, as we are still seeing tons of new companies issuing shares to the public for the first time. What’s great about the current I... Read the Full Story |
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Stocks | | | Typically, investors consider a growth stock to be one whose price zooms higher at a fast pace. That's partly true. The other part of a strong growth stock is outsized earnings growth that draws institutional investors. Read the Full Story |
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From Our Partners | | New Hampshire just launched a Strategic Crypto Reserve — and James Altucher says it’s the first sign that “Trump’s Great Gain” has officially begun.
Altucher believes select cryptos could turn $900 into $108,000 over the next 12 months — and he’s laying out the full gameplan in a new presentation. | | See Altucher’s Trump crypto prediction here |
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Markets | | | Let’s face it – retail is one of the most competitive industries out there. Consumer preferences are constantly changing and it takes a lot for these types of businesses to earn shoppers’ hard-earned cash. That’s one of the reasons why investing in specialty retail stocks can... Read the Full Story |
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Politics | | | The Latest on the Group of Seven nations meeting being held in England:
BRUSSELS — President Joe Biden has arrived in the capital of Belgium for the upcoming NATO summit, wearing a mask because of the coronavirus as an honor guard and trumpeters greeted him.
The U.S. pr... Read the Full Story |
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Politics | | | The Latest on the Group of Seven nations meeting being held in England:
WINDSOR, England - U.S. President Joe Biden says he has invited Queen Elizabeth II to stay at the White House.
Biden and his wife, Jill, had tea with the 95 year-old queen at Windsor Castle on Sunda... Read the Full Story |
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Politics | | | Leaders of the Group of Seven wealthy nations staked their claim Sunday to leading the world out of the coronavirus pandemic and crisis, pledging more than 1 billion coronavirus vaccine doses to poorer nations, vowing to help developing countries grow while fighting climate change and backing a mini... Read the Full Story |
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Markets | | | Two Americans charged with helping former Nissan chairman Carlos Ghosn flee Japan while he was facing accusations of financial misconduct have agreed they took part in a scheme for him to escape the country Read the Full Story |
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Markets | | | Steakhouse operator Ruths Hospitality Group (NASDAQ: RUTH) shares have recovered since the pandemic as it peaked off $28.75 highs. The reopening is well underway as the U.S. puts the pandemic in the rearview mirror with the acceleration of COVID vaccinations. With almost all restaurants open and ope... Read the Full Story |
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Markets | | |
I got to thinking about the retirement calculators that automatically pop up when I check my retirement account balances. In my case, I always get a message that says, "You are XX% on track toward your retirement goals."
When you check out an online calculator, you can use them, but remembe... Read the Full Story |
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The Early Bird Stock Of The Day Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania. The company was founded in 1986 and is headquartered in Calgary, Canada. | | View Today's Stock Pick |
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