Good MorningThe equity market continues to tread water near all-time high levels. While the market appears ready to move higher and set a new all-time high the fear of rising inflation is holding it back. The major hurdle this week is the Consumer Price Index which is scheduled to be released on Thursday. Last month's read of the index came in well above expectations and sent the market into a nosedive. This month consumer inflation should rise by about half a percent but the risk is to the upside. A hotter than expected number will not be good for equities.
The caveat for investors is that any move sparked by the CPI data should be taken with a grain of salt. The summer trading season is already upon us and that means lighter than normal trading volumes. A downturn in prices now will likely become a buying opportunity as the summer wears on.
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Stocks | | | Our trending stocks report aims to identify such companies based on the actions and interests of MarketBeat readers and subscribers. Rankings are calculated based on the number of new MarketBeat users that have added a given stock to their watchlist in the last 30 days Read the Full Story |
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Markets | | | Some traders believe that looking at the performance of biotech stocks is one of the best ways to judge what type of market we are in. When we see money flowing into that sector, it tells us that institutional investors are in “risk-on” mode, since biotech stocks are notorious for their ... Read the Full Story |
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Tech | | | World shares are mixed after China reported a big jump in factory gate prices at a time when inflation is a top investor concern.
Shares fell London, Frankfurt, Tokyo and Hong Kong but rose in Paris and Shanghai. U.S. futures edged higher.
China's producer price index,... Read the Full Story |
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Pharmaceutical company Biogen (NASDAQ:BIIB) delivered a major win yesterday, launching upward 38.3% with about 17 times normal trading volume taking place. The company landed a win for its aducanumab drug, intended to treat Alzheimer's disease, the first such advance in the field since around 2003... Read the Full Story |
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Markets | | | People that spend a lot of time in the great outdoors instantly recognize the value in the high-quality products that Yeti Holdings (NYSE:YETI) has to offer. Whether it's hunting, fishing, riding on a boat, or just grilling food outside, people need products that they can rely on time and time again... Read the Full Story |
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Politics | | | France is back in business as a tourist destination after opening its borders Wednesday to foreign visitors who are inoculated against the coronavirus with vaccines approved by European Union regulators Read the Full Story |
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Politics | | | After completing a review of supply chains, the Biden administration announced Tuesday that it was forming a task force to address the bottlenecks in the semiconductor, construction, transportation and agriculture sectors.
Administration officials said the goal of the review, detailed... Read the Full Story |
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Politics | | | South Africa's health minister was placed on special leave Tuesday over a corruption scandal involving an irregular government contract where $11 million was paid to a company connected to two people who used to work for him.
Zweli Mkhize has been spearheading the COVID-19 response in... Read the Full Story |
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Tech | | | President Joe Biden's administration wants to know whether offshore wind companies want to move into the Gulf of Mexico.
The agency that oversees offshore leases will publish a request for interest Friday in the Federal Register, for areas off Louisiana, Texas, Mississippi and Alabam... Read the Full Story |
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Chico's FAS (NYSE:CHI), a women's apparel and accessories retailer, surged 6.6% in premarket trading after turning in a solid earnings report and addressing critique from an activist investor. Chico's has kept its momentum going into this morning's trading session as well, though the current word ... Read the Full Story |
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The Early Bird Stock Of The Day Orange S.A. provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments. It offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as B2B fixed solutions and networks services, including voice and data services. The company also sells mobile handsets, broadband equipment, connected devices, and accessories. In addition, it provides IT and integration services comprising unified communication and collaboration services, such as LAN and telephony, consultancy, integration, and project management; hosting and infrastructure services, including cloud computing; customer relations management and other applications services; security services; and video conferencing, as well as sells related equipment. Further, the company offers national and international roaming services; online advertising services; and mobile virtual network operators, network sharing, and mobile financial services, as well as sells equipment to external distributors, brokers, and operators. It markets its products and services under the Orange brand. The company was formerly known as France Telecom and changed its name to Orange S.A. in July 2013. Orange S.A. is headquartered in Issy-les-Moulineaux, France. | | View Today's Stock Pick |
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