Good MorningEquity markets began pulling back last week after the FED Dropped a bomb on the market. The FOMC increased its inflation target, up the timeline for future rate hikes, and sent the market into a tailspin. The S&P 500 shed more than 1% on Friday putting in the index at its lowest level in over two weeks. If the market can't bounce back this week the indices could be in for a much deeper correction. The S&P 500 are trading nearly 22.5 times their forward earnings and well above the 10-year average.
The biggest hurdle for the market this week will come on Friday with the release of the personal income and spending data. Within the report is the Fed's favored gauge of consumer-level inflation the PCE price deflator index. The index spiked to well over the Fed's target 2% rate last month and is expected to be hot again this month.
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Stocks | | | This week the markets were awaiting the outcome of the Federal Reserve Board’s meeting. And ultimately the Fed delivered a result that promised more of the same. Other than that, there’s nothing new to report as the market awaits the start of the next earnings season. That didn’t stop the MarketBeat team of writers from staying on top of the stocks and 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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Stocks | | | If you are primarily a growth investor, the chances are good that you haven’t had the best year in the markets thus far. Many of the high-growth names that were huge winners in 2021 have faced serious selling pressure amidst valuation and inflation concerns. With that said, we are now seeing s... Read the Full Story |
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Markets | | | World markets were mixed Monday after a sell-off Friday on Wall Street gave the S&P 500 its worst weekly loss since February.
Japan’s benchmark fell 3.3% but shares rose in London and Frankfurt. U.S. futures were higher.
Investors are still thinking over the Feder... Read the Full Story |
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From Our PartnersWashington is running out of money…And guess where they'll look next?
When governments go broke, they take from the people.
It's happened before, and it's happening again.
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Markets | | | Back at the start of May, the folks over at Wells Fargo took a stab at picking stocks they thought were set to outperform their peers and the broader market throughout the rest of 2021. When considering what stocks to include, they looked at things like risk/reward profile, existing analyst ratings,... Read the Full Story |
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Markets | | | The world’s largest cinema operator AMC Entertainment (NYSE: AMC) stock has been on a tear as the resurgence of “meme” stock squeezes continues, but it’s no GameStop (NYSE: GME). It also appears that AMC and GameStop have decoupled in the near term as Reddit traders are favor... Read the Full Story |
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From Our PartnersWhat If Washington Declared That:
YOUR Money ISN'T Actually Yours?
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What does that mean? It means Washington thinks they can seize, freeze, or drain your accounts—whenever they want. | | | Get your free guide now by clicking here >> |
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Politics | | | Taiwan says it will continue operating its de facto consulate in Hong Kong in spite of visa difficulties for its staffers while also providing consular services online.
The Taipei Economic and Cultural Office in Hong Kong has been unable to get new visas for its staff after the Hong ... Read the Full Story |
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Markets | | | The U.N. representative in Sri Lanka says the sinking of a container ship that caught fire while transporting chemicals off the capital Colombo has caused a significant damage to the planet by releasing hazardous substances into the ecosystem Read the Full Story |
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Politics | | | MOSCOW — Russia’s national coronavirus taskforce on Saturday reported 17,906 new infections, more than double the daily tally from early June.
More than half of the new infections are in Moscow, where cases have tripled this month. The soaring case count has caused alarm among officia... Read the Full Story |
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Politics | | | A Hong Kong court ordered the top editor of pro-democracy newspaper Apple Daily and the head of its parent company held without bail Saturday in the first hearing since their arrest two days ago under the city's national security law.
Ryan Law, the chief editor, and Cheung Kim-hung, t... Read the Full Story |
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Markets | | | Adobe (NASDAQ: ADBE) is one of those blue-chip, legacy tech companies that almost became irrelevant. Not to say that Adobe was ever really in danger of going out of business, only that it had reached the end of its visible growth cycle. Read the Full Story |
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The Early Bird Stock Of The Day SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases. The company also provides automated network configuration, log and event management, security information and event management, access rights management, identity monitoring, server configuration monitoring and patching, and secure gateway and file transfer products; a suite of application performance management software that enables visibility into log data, cloud infrastructure metrics, applications, tracing, and digital experiences; and service management software that offers ITIL-compliant service desk solutions for various companies. In addition, it offers a suite of database performance management software that monitors, analyzes, diagnoses, and optimizes database performance and operations for the Microsoft data platform, as well as other database management system platforms; traditional, open-source, and cloud-native databases hosted on-premises, in the cloud, and hybrid models. It markets and sells its products directly to network and systems engineers, database administrators, storage administrators, DevOps, SecOps, and service desk professionals. The company was formerly known as SolarWinds Parent, Inc. and changed its name to SolarWinds Corporation in May 2018. SolarWinds Corporation was founded in 1999 and is headquartered in Austin, Texas. | | View Today's Stock Pick |
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