Good MorningThe S&P 500 moved up to set a new all-time high on Friday after weaker-than-expected inflation data relieved the fear of inflation. The core PCE price index grew at 0.5% month-over-month, a tenth slower than expected despite signs of rapidly rising prices elsewhere in the economy. The bad news is that, on a year-over-year basis, core consumer-level inflation accelerated to 3.4% and shows no sign of slowing.
This week the market will be focused on the labor data. There Is a raft of labor data due out throughout the week with the most important on Friday. Friday is the non-farm payrolls report, a report that has left much for the market to desire in the past two readings. Another month of weak job creation may not be enough to derail the rally but it will add to the wall of worry. A much-weaker than expected report could derail the rally.
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Markets | | Videogame maker and interactive entertainment content producer Activision Blizzard (NASDAQ: ATVI) stock is trading at the low end of a 10-point consolidation range. The pandemic was a powerful tailwind as stay-at-home mandates caused a surge in gaming. Investors are nervous about the reversion effec... Read the Full Story |
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From Our Partners | | See Where Market Pressure Is Building First
Market Crux tracks inflection zones and early tension points across small caps.
These signals often appear before the first fast move. | | Get Free Alerts — Follow the Pressure Points |
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Energy | |
Chevron (NYSE: CVX) and Verizon (NYSE: VZ) are two mega-cap S&P 500 stocks that have been increasing dividends over the past several years.
Although price appreciation gets the most attention from investors and the financial media, you shouldn’t overlook dividends as an important sourc... Read the Full Story |
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Retail/Wholesale | | Investing in companies listed on the NASDAQ exchange provides an opportunity to add some of the best and brightest companies in the world to your portfolio. Many of the 2,500 companies listed on the NASDAQ Composite are trendy and tech-centric businesses that have immense upside potential. However, ... Read the Full Story |
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From Our Partners | | Goldman Sachs and Morgan Stanley are now predicting what could be the worst news for the U.S. stock market in 50 years - and it has nothing to do with a single stock.
According to multiple Wall Street banks, a coming crisis could keep your portfolio in the red for 10 years or longer. Keith Kaplan, CEO of TradeSmith, is sharing what you can do to protect your wealth before it hits. | | Learn how to prepare your portfolio for what's coming next |
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Markets | |
This week, the market was waiting to hear from Federal Reserve chairman Jerome Powell on the state of inflation. The Fed chair says there’s nothing to worry about and the markets liked that. Whether they should is a point that’s open to debate. What is not open to debate anymore is the... Read the Full Story |
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Markets | |
You're allocated, diversified and saving 10% or more for retirement. You (or your robo-advisor) have the rebalancing thing down pat.
But you're a little bored. Life isn't all that exciting. And when Bobby next door makes money in some obscure cryptocurrency, you might feel a little, well, put out... Read the Full Story |
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From Our Partners | | Roger Scott spent twenty years on Wall Street moving billions through the market. Now he's exposing the 'empty chair' signal he says sits behind the most stunning stock moves retail investors rarely hear about.
The same signal reportedly triggered a 138% return on WMT in two weeks and a 157% return on Cencora in one week, according to his research. | | Watch Roger Scott reveal the empty chair signal today |
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Transportation | |
FedEx Pulls Back On Strong Results And Outlook
Both FedEx (NYSE: FDX) and Nike reported strong earnings this morning. The difference is that where Nike’s strength was not expected and drove shares higher, FedEx's strength was more or less expected by the market if not predicted by the cons... Read the Full Story |
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Consumer Discretionary | |
Nike Upped Its Game With Direct To Consumer
The Nike (NYSE: NKE) growth story is one that seems to have no end. Over the past year, the company has doubled down on a transformation of its business that includes a heavy focus on direct-to-consumer sales and e-commerce. The results of this transfor... Read the Full Story |
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Technology | | Even though Cathie Wood’s ARK Invest ETFs haven’t been top performers this year, investors should still be impressed by her keen ability for picking winning stocks over the long term. Wood tends to focus on buying innovative high-growth names on dips, which has been a strategy that is hi... Read the Full Story |
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Technology | | Snapchat (NYSE:SNAP) shareholders have been on a wild ride in 2021, as the stock rallied to hit all-time highs early in the year only to fall over 30% from its peak. The social networking company is an exciting option for growth investors who are interested in interactive media exposure, although it... Read the Full Story |
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Consumer Discretionary | | Even as major indexes rallied to new highs, Carnival Cruise Lines (NYSE: CCL) slumped more than 2% after reporting a second-quarter loss of $2 billion.
Cruise lines were among the industries most severely battered by Covid closures last year and early this year.
Could its ongoing progress as man... Read the Full Story |
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The Early Bird Stock Of The Day Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas. | | View Today's Stock Pick |
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