Good MorningEquity markets continue to rebound on Tuesday with the S&P 500 gaining more than 0.5% at the height of the session. The move is evidence of the market’s resiliency in the face of rising inflation, a resiliency that will be put to the test once again this week. Economists expect the PCE price index to be hot again this month, the question is whether or not it will be hotter than expected.
The current consensus is for a gain of 0.6% month-over-month at the core level, 0.1% lighter than the previous month. Regardless, the debate around the need for future interest rate hikes is hitting a crescendo this week with commentary from virtually all FOMC members fueling the conversation. While it is uncertain when the first interest rate hike will occur, it is certain the FOMC has inflation on its radar. Featured: Altucher: Turn $900 into $108,000 in just 12 months? (Ad) 
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Stocks | | | It’s no surprise that one of the best strategies for investors who are assessing the short-term fortunes of a stock is to find stocks that have recently been upgraded by the analysts. With that in mind, here are the 10 most upgraded stocks that have received upgrades (or have had their price target increased) by Wall Street analysts on MarketBeat in May 2021: Read the Full Story |
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From Our Partners | | Bitcoin just passed Amazon in total market cap — but most investors are missing the bigger opportunity.
While the crowd buys Bitcoin outright, trader Larry Benedict is using a method called “Bitcoin Skimming” to target 6x, 9x, even 22x bigger profits. He reveals how it works in a free video. | | Watch the Bitcoin Skimming strategy here |
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Tech | | | Global stock markets and Wall Street futures have risen after the Federal Reserve chairman said U.S. inflation is likely to be temporary, helping to calm fears central banks might roll back stimulus to cool price increases Read the Full Story |
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Markets | | | The stock market can be a funny place sometimes, as investors of Oracle (NYSE: ORCL) found out last week. Despite posting what looked like, on paper anyway, a solid earnings report on Tuesday night, their shares still tanked in the immediate aftermath. But Wall Street has had a few days to digest th... Read the Full Story |
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Stocks | | | Secular tailwinds are driving the entire tech sector to new highs. It doesn't matter where you look, but rising demand and low inventories are bringing on a new age for the entire industry. Simply starting with shortages in the chips sector, the ramp in production will provide an opportunity for the tech companies to improve and enhance their offerings Read the Full Story |
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Tech | | | Without speaking a word or scratching a pen across paper, President Joe Biden drove up the pressure on Big Tech companies already smarting under federal and congressional investigations, epic antitrust lawsuits and near-constant condemnation from politicians of both parties.
Biden las... Read the Full Story |
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From Our Partners | | If you hate hunting for new trades, this might change that.
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Politics | | | Hong Kong’s pro-democracy Apple Daily newspaper will stop publishing Thursday, following last week’s arrest of five editors and executives and the freezing of $2.3 million in assets under the city’s year-old national security law.
The board of directors of parent company Next Media sa... Read the Full Story |
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Politics | | | Sherry Villanueva’s family of Santa Barbara restaurants employed 350 people before the pandemic took hold and darkened dining rooms across California. Now, with the state’s economy officially reopened, about 250 workers are back on the job.
Villanueva would hire 100 more if she could ... Read the Full Story |
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Politics | | | ATLANTA — Georgia’s governor says he will end the state’s public health state of emergency on July 1, more than 15 months after he initially declared it because of the coronavirus pandemic.
Republican Brian Kemp made the announcement Tuesday, signing a fresh extension of the extraord... Read the Full Story |
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Markets | | | The fiscal Q4 results from Korn Ferry (NYSE: KFY) prove the health of the labor market even if the data doesn't. Not to say the data doesn't show strong labor market conditions, only that there are a large number of lingering unemployed persons in a market apparently flush with positions. Read the Full Story |
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Markets | | | Did you leave before you had another job lined up because you can't stomach the thought of going back to an office? Or did you have a job lined up? No matter what your circumstances, learn more about what could happen to your hard-earned investments Read the Full Story |
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The Early Bird Stock Of The Day International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate. The Consulting segment focuses on skills integration for strategy, experience, technology, and operations by domain and industry. The Infrastructure segment provides on-premises and cloud based server, and storage solutions, as well as life-cycle services for hybrid cloud infrastructure deployment. The Financing segment offers client and commercial financing, facilitates IBM clients' acquisition of hardware, software, and services. The company has a strategic partnership to various companies including hyperscalers, service providers, global system integrators, and software and hardware vendors that includes Adobe, Amazon Web services, Microsoft, Oracle, Salesforce, Samsung Electronics and SAP, and others. The company was formerly known as Computing-Tabulating-Recording Co. International Business Machines Corporation was incorporated in 1911 and is headquartered in Armonk, New York. | | View Today's Stock Pick |
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