Good MorningThe broad market sold off hard on Monday under the weight of a perfect storm of bad news. The backdrop, rising inflation, and inflation at a much hotter pace than expected. The catalyst, rising numbers of COVID-19 infections and a sharp plunge in oil prices. The OPEC+ cartel reached an agreement after two weeks of haggling to slowly begin raising output and that has put a cap on oil prices.
Texas intermediate fell 7% on the news and brought the entire oil complex down with it. On the covid front, rising numbers of the COVID-19 Delta variant have the market on edge and fearful of its economic impact. The S&P 500 fell more than 2% at the low of the day and broke through the short-term moving average in the process. If the index cannot regain its footing in Tuesday’s action a much deeper decline is more than likely. Featured: Trump Knows Exactly What He's Doing (Ad) 
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Politics | | | Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fueled by fears that faster-spreading variants of the virus may upend the economy's strong recovery.
The S&P 500 fell 68.67, or 1.6%, to 4,258.49, after setting a record just a week earlier. In an... Read the Full Story |
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Stocks | | |
Nokia (NYSE: NOK), AstraZeneca (NASDAQ: AZN) and ASML Holding (NASDAQ: ASML) are among the most popular non-U.S. developed-market stocks.
So far in 2021, all three are outperforming the S&P 500, the most widely used benchmark for large-cap domestic stocks. Their gains are:
Noki... Read the Full Story |
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Tech | | | Robinhood, the online brokerage that found itself embroiled in this year's meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion.
The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public of... Read the Full Story |
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Markets | | | Chipotle Mexican Grill is expected to report solid earnings on July 20. Yet heading into earnings, there is some concern that the growth about slowing growth. If you're a long-term investor in CMG stock this is no time to panic. However, short-term investors may want to seek out better options. Read the Full Story |
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Tech | | | China on Tuesday rejected an accusation by Washington and its Western allies that Beijing is to blame for a hack of the Microsoft Exchange email system and complained Chinese entities are victims of damaging U.S. cyberattacks.
A foreign ministry spokesman demanded Washington drop char... Read the Full Story |
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Politics | | | Air travel in the United States hit another pandemic-era record over the weekend as vacationers jammed airports, but shares of airlines, cruise lines, hotels and almost anything else related to travel are tumbling on growing concerns about highly contagious variants of coronavirus Read the Full Story |
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Markets | | | Toyota won’t be airing any Olympic-themed advertisements on Japanese television during the Tokyo Games despite being one of the IOC’s top corporate sponsors.
The extraordinary decision by the country’s top automaker underlines how polarizing the Games have become in Japan as COVID-19... Read the Full Story |
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Markets | | | Satellite radio provider Sirius XM Holdings Inc. (NASDAQ: SIRI) stock has been a steady performer continued to grow top-line during the pandemic but should see a boost from the reopening trend. With over 40 million subscribers consisting of Sirius XM and Pandora subscribers, Sirius is the only publi... Read the Full Story |
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Markets | | |
It's easy to become overwhelmed by all your investment options, especially when the plan administrator at your job says, "Take a look! Lucky for you, we have so many investment choices available!"
Do you really have time to research Morningstar, compare and contrast fees, holdings, asset allocati... Read the Full Story |
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Markets | | | Enterprise mail and e-commerce solutions provider Pitney Bowes (NYSE: PBI) stock recently spiked on the $6.6 billion acquisition of peer Stamps.com (NASDAQ: STMP) by private equity firm Thomas Bravo. Read the Full Story |
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The Early Bird Stock Of The Day Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California. | | View Today's Stock Pick |
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