Good MorningEquity markets are hovering near all-time highs and look like they want to move higher. While the market wants to believe the FOMC when it says inflation spikes are temporary, it also looks like the market is waiting for the proof. That proof may come this week on Friday with the release of the PCE price index, the FOMCs preferred gauge of core consumer-level inflation. The PCE index is expected to show a strong gain from the previous month but at a slower rate than before. A hotter than expected number could spook the market.
Thursday's trading will be impacted by the weekly jobless claims figures, durable goods orders, a revision to the first-quarter GDP figures, and commentary from several Fed members. The GDP data is expected to be unrevised while jobless claims are expected to fall to a new post-pandemic low.
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Stocks | | |
Although the S&P 500 limped to the finished line on Wednesday, it managed to climb within less than a point of its record intraday high from last week. This week's rally has been rather broad based with all 11 sectors finishing green on Monday.
With the major indices near record levels, inves... Read the Full Story |
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Stocks | | |
What is an investor to make of a stock that is well-supported by sell-side analysts but also heavily shorted?
For starters, we know that one side may be very right and the other very wrong. Stocks that meet both criteria are also likely to be quite volatile given the wide disparity of institution... Read the Full Story |
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Politics | | | Asian shares were mixed Thursday, trading in a narrow range as investors awaited new U.S. inflation data.
Tokyo and Shanghai were unchanged, while Seoul and Hong Kong advanced. Sydney declined following a listless day of trading on Wall Street.
“Sentiments may be larg... 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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Politics | | | World shares were mostly higher Thursday as investors awaited new U.S. inflation data.
Benchmarks rose in Paris, Frankfurt and Hong Kong but were flat in Tokyo and Shanghai.
Fresh data on inflation will come on Friday with the release of the Federal Reserve’s preferre... Read the Full Story |
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Politics | | | Shares were mostly higher in Asia on Thursday after a listless day of trading on Wall Street as the recent bout of nerves over Federal Reserve policy fades.
Markets advanced in Tokyo, Seoul and Hong Kong while Sydney and Shanghai declined.
Markets have calmed notably ... Read the Full Story |
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Stocks | | | Here are some of the better-looking social media names to consider adding to your portfolio for Q3. Investors will still need to exercise caution in terms of entry points and risk management but on the whole, there’s not much to dislike about them.
Read the Full Story |
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Markets | | | Beverage maker Splash Beverage Group (NYSEAMERICAN: SBEV) stock has recently been uplisted to the NYSE American exchange with a 1-for-3 reverse stock split on June 11, 2021, through an IPO of 3.75 million shares and warrants priced at $4 per share. Read the Full Story |
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Tech | | | The U.S. Army Corps of Engineers said Wednesday it would conduct an extensive review of Enbridge Energy's plan to build an oil pipeline tunnel beneath a Great Lakes channel in Michigan, which could significantly delay the project.
The tunnel would house a replacement for a portion of ... Read the Full Story |
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Politics | | | The Supreme Court on Wednesday gave the president greater power to fire the head of the agency that oversees mortgage giants Fannie Mae and Freddie Mac, ruling that the agency's structure violates separation of powers principles in the Constitution.
Writing for a majority of the cour... Read the Full Story |
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Markets | | | Precious metals are a hedge against market volatility. That in itself is a reason they merit at least a small position in most portfolios. The purpose of this article is to give you a few practical strategies to get you started in precious metals. Read the Full Story |
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The Early Bird Stock Of The Day Novavax, Inc., a biotechnology company, that promotes improved health by discovering, developing, and commercializing vaccines to protect against serious infectious diseases. It offers vaccine platform that combines a recombinant protein approach, nanoparticle technology, and its patented Matrix-M adjuvant to enhance the immune response. It focuses on urgent health challenges, which is evaluating vaccines for COVID-19, influenza, and COVID-19 influenza combination. The company is commercializing a COVID-19 vaccine, NVX-CoV2373 under the brand names of Nuvaxovid, Covovax, and Novavax COVID-19 Vaccine, adjuvanted for adult and adolescent populations as a primary series and for both homologous and heterologous booster indications. It is also developing R21/Matrix-M adjuvant malaria vaccine. Novavax, Inc. was incorporated in 1987 and is headquartered in Gaithersburg, Maryland. | | View Today's Stock Pick |
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